Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. We are on a mission to acquire, build and grow great enterprise software businesses all over the world that have dominant positions in niche vertical markets. In recent years, Banyan was named the #1 fastest-growing private software company in the US on the Inc. 5000 and amongst the top 10 fastest-growing companies by the Deloitte Technology Fast 500. Founded in 2016 with a permanent capital base setup to preserve the legacy of founders, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized vertical markets.
Job Profile:
This is an exciting and entrepreneurial opportunity to join a fast-paced software consolidator with a very significant growth trajectory. This role will report to Banyan’s VP Finance based in London. The position is ideal for an individual seeking a leadership role that combines their technical finance and accounting acumen with business operations. As Finance Manager for the DACH region, they will lead the accounting, treasury, FP&A, reporting, and finance systems responsibilities related to a portfolio of small high-quality software businesses owned by Banyan. They will also assist in the integration of new acquisitions. This group aims to play a “value added” role by partnering with senior operators and leveraging data to drive insights and shareholder value.
Responsibilities:
- Lead the Finance function for a portfolio of companies with support from a team of internal and offshore finance resources
- Contribute to the day-to-day accounting work of the portfolio, including but not limited to setting up customer contracts, ensuring correct oversight and supervision as it pertains to booking expenses and accruals, treasury and banking needs
- Assist in the preparation of timely and accurate GAAP financial statements, board reporting, budgets, and KPIs of operating companies
- Perform quality assurance on finance and accounting work product (e.g., reviewing GL postings for accuracy, monitoring revenue recognition, refining variance explanations in reporting, etc.)
- Contribute to the performance of operating companies through analysis of budget-to-actuals, revenue and expense analysis, and insights that further facilitate decision-making
- Lead the operational / financial integration of acquisitions and implement financial initiatives identified during the M&A process
- Lead finance process improvement projects that drive efficiency and best-practices within our operating companies.
- Document Standard Operating Procedures (SOPs) to promote best practices and efficiency across the portfolio
- Other ad-hoc tasks that may arise from time-to-time
Qualifications for success:
- Proven experience in a finance/accounting role
- Recognized professional accounting designation (CPA, CA, ACA, ACCA, CIMA, FCA, FCCA). Experience with U.S. GAAP and software is an asset
- Fluency in both German and English, other languages would also be an asset
- Self starter who is happy to work in a hybrid environment
- Proven ability to lead teams, implement change, and drive process improvement
- Ability to delegate, and coordinate various tasks & projects with our offshore team
- Advanced written and verbal communication skills with the ability to converse with senior business executives
- Experience integrating acquisitions, implementing system transitions, or designing financial processes is an asset
- Experience with Oracle NetSuite is an asset.
- Strong analytical and problem-solving skills with a high detail orientation
- Highly motivated and energetic with interest in entrepreneurship, software, and finance
Location + Travel
- Our DACH head office will be based in Munich and we are looking for candidates who are happy working in a hybrid pattern being in the office 2-3 days per week.
- Extensive travel is not expected in this role, but there may be a need to travel to our other European entities or our global HQ in Toronto, Canada a couple of times a year.
Diversity, Equity, Inclusion & Equal Employment Opportunity at Banyan: Banyan affirms that inequality is detrimental to our Global Teams, associates, our Operating Companies, and the communities we serve. As a collective, our goal is to impact lasting change through our actions. Together, we unite for equality and equity. Banyan is committed to equal employment opportunities regardless of any protected characteristic, including race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, or protected veteran status and will not discriminate against anyone on the basis of a disability. We support an inclusive workplace where associates excel based on personal merit, qualifications, experience, ability, and job performance.
What We Do
Banyan Software provides the best permanent home for successful enterprise software businesses, their employees, and customers to preserve the legacy of founders, while helping grow the business into the future.
We are on a mission to acquire, build and grow great software businesses that have dominant positions in niche markets all over the world. Today Banyan has over 750 employees throughout the US, Canada, UK, Europe, Australia and New Zealand. Founded in 2016 with permanent capital to preserve the legacy of founders, Banyan focuses on a buy, hold and grow for life strategy. For more information on Banyan Software, Inc. visit: http://www.banyansoftware.com
What We Look For:
- Great enterprise software businesses that have dominant positions in niche markets
- We work with owners who are thinking about an exit today or further down the road
- We are flexible and can be creative when we find a business that is a good fit
- The businesses in the Banyan family all share a similar profile:
- Annual revenues in excess of $2M-$30M
- A high percentage of recurring revenue
- Positive operating margins and cash flow
- High customer retention and satisfaction
- Happy and committed employees
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