Finance Controller

About the Client:

We are a fast-growing, VC-backed, FinTech start-up based in Sydney. Cashflow, or lack of it, is the biggest challenge small businesses face, and were working to change that. Our mission is to eliminate the hassle and Make Cash Flow Instant and empower small/medium-sized enterprises with financial freedom, enabling them to grow and succeed. We seek a talented and motivated Credit Manager to join our team and help us drive our mission forward.

As a Financial Manager at Cloudfloat, you will be responsible for overseeing the company's financial operations, revenue operations, ensuring compliance with all accounting standards, and managing the financial reporting process. You will be responsible for developing and implementing financial controls and policies to
mitigate financial risk and ensure accurate financial reporting.

Additionally, you will oversee the management of accounts payable and receivable, cash management, and the preparation of financial statements.

Discover your role's exciting challenges and responsibilities:

• Oversee the accounting operations of the company and ensure compliance with all accounting standards, regulations, and laws
• Maintain and, where necessary create financial accounting systems, policies, and procedures to ensure accurate and timely financial reporting
• Manage the preparation of financial statements, including the balance sheet, income statement, and cash flow statement
• Oversee the management of accounts payable and receivable
• Manage the month-end and year-end close processes to ensure timely and accurate financial reporting
• Develop and maintain financial forecasts and projections to inform business decisions
• Monitor cash flow and liquidity to optimise investment strategies and ensure the financial stability of the company
• Collaborate with other departments to ensure accurate financial reporting and budget management
• Establish and maintain relationships with internal and external stakeholders
• Provide financial guidance and support to the executive team and the board of directors
• Identify and evaluate financial risks and opportunities, and develop strategies to mitigate risks and capitalise on opportunities
• Lead and participate in special projects and initiatives as required
• Monthly P&L reconciliations and accounts payable and receivable reporting
• Monthly performance review and management summary
• Monthly reporting pack incl. forward cashflows, cashflow statements
• Attend board meetings, giving financial updates
• Updating of forecasts

You're a step ahead if you have:

• CPA or CA qualified
• 5+ years of accounting and finance experience
• Strong knowledge of all relevant accounting standards and ATO rulings
• Experience in budgeting, forecasting and financial analysis
• Proven track record of managing financial operations and delivering results
• Excellent analytical, problem-solving, and decision-making skills
• Strong communication skills, both written and verbal
• Ability to work independently and as part of a team
• Proficiency in financial software, systems, and reporting tools

Key Deliverables:

• Improve and update the companys financial models and reporting
• Provide monthly management reports and financial summary
• Preparation of Board material with required financial performance
• Provide quarterly investor summary updates
• Balancing of Loan account receivables account, monthly
• Balancing of Loans at risk receivables account, monthly
• Balancing of Payout account, monthly
• Balancing bad debt write-offs on a monthly basis
• Monthly revenue updates in accounting system
• Monthly partner commissions report
• Daily Payout reporting and collections reconciliation
• Longer term collections and bad debt write-off reporting