SENIOR VICE PRESIDENT OF FINANCE

As a member of UpStack’s Leadership Team, the SVP Finance (SVPF) proactively advocates for and protects stakeholder equity value creation through strategic financial management, corporate development, and leadership. The SVPF will accelerate the FP&A capabilities of the team while forging close working relationships with other senior executives. Charged with elevating the overall performance of UpStack through improved financial processes, tools, training and development, the SVPF will foster a culture of accountability and results leading to greater overall corporate value.

Responsibilities

• Oversee the company’s fiscal activity, including the accurate budgeting, reporting, and auditing of funds
• Collaborate with company leadership on the development and execution of company strategy
• Identify and address financial risks and opportunities for the company
• Ensure legal and regulatory documents are filed and monitor compliance with applicable laws and regulations
• Develop and manage process for financial forecasting
• Manage the process for all fundraising, ensuring the company remains optimally capitalized to achieve its objectives and adheres to all contractual obligations, such as debt covenants
• Lead due diligence process for any/all mergers and/or acquisitions
• Implement finance and accounting systems with ongoing responsibility for stakeholder integration and inputs, including that of any acquired entities
• Oversee the development and ongoing maintenance of regular financial reporting for both internal (e.g. CEO and senior leadership team) and external (e.g. shareholders and investors) stakeholders on a monthly, quarterly and annual basis
• Build out finance organization through the recruitment of top talent

Desired Experience

• 10+ years of diverse financial management experience with a minimum of 3 years in financial leadership role
• FP&A along with oversight of accounting and finance systems and teams
• History of compensation and specifically distributed commission structures from multiple points of origins and attribution
• Demonstrated ability and interest to work in a lean environment and building a department and team from scratch
• Exemplary team leadership from a player-coach standpoint who demonstrates how to plan, organize, and execute
• Participation in capital fundraising and strategic engagement with existing and potential investors as well as prospective partners and their financial constituencies
• Direct participation in M&A activities, including due diligence and specifically leading post-merger integration of technologies, processes, and teams
• History of sourcing, selection, and implementation of financial accounting systems
• Eager to join an adaptable, collaborative, solutions-oriented, & entrepreneurial culture
• IT services industry or indirect sales channel experience a plus
• MBA a plus, but not required

 

KEY QUALIFYING CRITERIA

FP&A – History of traditional Financial Planning & Analysis along with oversight of accounting and finance systems and teams

Commission & Compensation – History of defining and governing complex compensation and distributed commission structures from multiple points of source attribution and value contributed.

Entrepreneurial – Demonstrated ability, agility, and ambition to contribute and collaborate in a lean environment, wear a lot of hats, and create value from positive chaos.

Team – Exemplary team leadership from a player-coach standpoint who demonstrates how to effectively plan, organize, and execute to create sustained corporate value.

Fundraising – History of fundraising (equity & debt) and strategic engagement with investors, prospective partners, and other financial constituencies.

Acquisition and Integration – Direct participation in the identification, due diligence, acquisition and integration of technology, process, and procedures at speed and scale.

Systems – History of sourcing, selection, integration, and implementation of financial accounting systems, people, and processes.

Go-To-Market – Some history or unique alignment or appreciation for the model UpStack is building in terms of appreciating the opportunity for leverage, at scale.

 

WHY CONSIDER THIS OPPORTUNITY WITH UPSTACK

Innovation – UpStack is successfully introducing technological advances that facilitate and empower buyers and sellers in an industry that has historically resisted modernization.

Scale – UpStack’s platform can be leveraged and monetized across multiple service categories within the industry, which offers remarkable growth opportunities and creates a complex ecosystem of financial considerations.

Chapter – UpStack is entering a unique chapter of maturity ready to capitalize on 3 years of lessons learned, which have created exciting directional go-to-market strategies that offer remarkable growth opportunities for its partners.

Team – UpStack’s executive team is experienced, engaged, ambitious, and excited about the chapter they are in and what is next. They embrace a lean, entrepreneurial, transparent culture and enjoy the business case justification rigor that ensures their success.

Financial Partners – Chris Trapp’s vision for positive change in colocation and network procurement has attracted the industry’s foremost thought and investment leaders to advise on business formation and growth.

Future Multiplier – It bears repeating that UpStack’s technology platform offers incredibly unique multiplying capabilities by empowering all members of their ecosystem – customers, sales, owners, agents, procurement, and finance / accounting professionals.

 

COMPENSATION

The compensation package is expected to include a competitive (relative to market and candidate’s current situation) base salary, annual performance compensation equal to X% of base at target (expected to exceed), health benefits, and long-term incentive compensation in the form of a C-level equity grant.

UpStack prides Itself on hiring the best and brightest minds and rewards employees with a casual work environment and an outstanding benefits package to include:

• Insurance: Medical, Dental, Vision & Life
• Generous PTO policy
• Investment: 401(k) Retirement Plan

SEARCH PROCESS

Following a thorough exchange of information relating to company information, resume, and key qualifying criteria, CFS Partners anticipates recommending a short list of candidates to UpStack’s Senior Leadership Team in mid June 2020. Select finalists to connect with members of UpStack’s Board and Advisory Group soon after either in person, or video conference. Finalist candidates will meet with the Senior Leadership Team—either virtually or in UpStack’s Manhattan office—for a ½ day to get a better sense of the working culture and respective fit/ feel. A finalist will be selected and offer extended, the acceptance of which will be contingent upon positive references and background check.