We are seeking a VP of Finance & Administration (VPFA) for our client, Activation Capital, a self-sustaining, mission-driven organization created to grow the number of life sciences and advanced technology businesses by and for the Commonwealth of Virginia since 1992. The organization provides a portfolio of resources to entrepreneurs and entrepreneur support organizations translating science and technology into world-changing companies.
The VPFA is a key strategic role with hands-on responsibility for the development of Activation Capital's financial management strategy, contributing to the development of the organization's strategic goals, and providing insight into opportunities for long-term financial growth. The individual contributor has a span of control encompassing business & financial planning, annual budgeting, forecasting, accounting, financial analysis, management & performance reporting, and HR/Benefits administration. The annual budget is $1.5M+ with assets of $20M. This role is part of a small entrepreneurial team located in downtown Richmond, VA reporting to the President.
Activation Capital is aligned with UN Sustainable Development Goals targeting Gender Equality, Decent Work & Economic Growth, Industry, Innovation & Infrastructure, and Reduced Inequalities. The organization values agility, an entrepreneurial mindset, collaboration, impact and inclusion. Learn more at www.activation.capital!
Summary of Job Responsibilities and Requirements
Strategy, Vision, and Leadership
Advise the CEO and Board of Directors on capital strategies, financial planning, budgeting, cash flow, investment priorities, and policy matters.
Serve as the management liaison to the Board and Finance & Audit Committee.
Contribute to the development of Activation Capital's strategic goals and objectives.
Financial Planning & Forecasting
Oversee financial forecast, including analysis and insights into the key drivers, assumptions, and changes.
Build and maintain forecast reporting formats and processes.
Contribute to the development of revenue growth planning involving multiple revenue channels.
Participate in building business cases for new initiatives, capital investments, and partnerships.
Annual Operating Planning
Lead the annual operating plan and budgeting process, ensuring alignment with strategic focus and priorities.
Provide recommendations regarding opportunities, risk management, and resource allocation.
Accounting, Administration & Controls
Maintain an appropriate system of policies, internal controls, accounting standards, and procedures under the General Accounting Standards Board (GASB).
Improve administrative and operational accounting services such as treasury management, retirement plan, grants payment processing, payroll/HR, accounts payable, and purchasing.
Oversee management of administrative areas (including HR, IT, & contracts), responsible for creating systems and processes that are effective and efficient.
Manage accounting/reporting to ensure compliance with GASB audit standards and statutory requirements.
Provide operational support for affiliate organizations and coordinate financial reporting.
Manage relationships with third-party finance vendors, payroll management, auditors, tax vendors, etc.
Financial Analysis & Business Performance Reporting
Report on business performance, including financial results and key metrics, providing analysis and insights.
Help design and maintain reporting on business & financial results, including scorecards and dashboards.
Promote consistent business modeling, milestones, and dashboards by affiliate organizations.
Advise the organization on tools and solutions to increase efficiency in forecasting, analysis, and reporting.
Other special projects and tasks as assigned
Bachelor's Degree in Business, Accounting, or Finance; MBA is desired. CPA or CMA is a plus
Minimum of 10+ years of progressive experience in Finance and Accounting, with significant FP&A exposure
Highly skilled in QuickBooks Desktop and Excel; exposure to State pension systems and Asana project management a plus
Experience with government/nonprofit organization finance and accounting regulations
Experience in Human Resources and benefits administration; Dominion iSolved experience a plus
Experience with a venture-backed entrepreneurship organization a plus, not required
External audit and in-house financial management experience
Mastery of business modeling, management reporting and analytic tools
Collaborative with excellent verbal and written communication skills
Represents the organization in a professional manner to the community, vendors, and internal personnel
Typical full-time work schedule is Monday through Friday
Offer of employment is contingent upon successfully completing pre-employment background screening and professional references
Additional Salary Information: Competitive Salary & Rich Benefits Package including health, dental, vision, life & AD&D, LTD, STD, LTC, FMLA, paid holidays, paid time off, retirement and deferred compensation plan with matching contributions! Professional development reimbursement, work life balance / flex schedule opportunity and wellness initiatives.
About Activation Capital
Activation Capital, located in Richmond, VA, is an independent authority with a mission to grow life sciences and advanced technology startup companies across the Commonwealth. Activation Capital engages and connects the many influential players in our innovation ecosystem, and drives the development of Central Virginia’s startup ecosystem and high-growth entrepreneurship.