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 significant growth trajectory. The Senior Financial Analyst will report to the Finance Manager or designate. This role will focus on partnering with operating and finance colleagues to support high-quality software businesses owned by Banyan Software. The position is ideal for an individual that has the interest and aptitude to be involved in all aspects of finance operations, including revenue recognition, accounts payables and expenses, cash management, financial reporting, and analysis, as well as systems. This finance group also aims to play a “value added” role by leveraging financial and other data to drive shareholder value.
Responsibilities:
- Prepare timely and accurate GAAP financial statements, board reporting, budgets, and KPIs of operating companies to drive growth and smart decision-making.
- Perform quality assurance on finance and accounting work products (e.g., reviewing GL postings for accuracy, monitoring revenue recognition, refining variance explanations in reporting).
- Contribute to the operational performance of operating companies through analysis of budget-to-actuals, benchmarking against portfolio, operational revenue and expense analysis, and insights that further facilitate decision making.
- Partner with M&A colleagues and support the operational / financial integration of acquisitions
- Implement process improvement initiatives contemplated in M&A business cases.
- Development of ad hoc reports & dashboards to help CEOs with monitoring their businesses
- Document Standard Operating Procedures (SOPs) to promote best practices and efficiency across the portfolio.
- Provide financial advice and guidance to business as requested
Qualifications for success:
The ideal candidate for the role will possess the following characteristics:
- Proven experience in a finance/accounting role
- Accounting designation, with an academic background in accounting or finance ideally
- Solid working knowledge of accounting principles and practices
- Experience with Sage Intacct and/or QuickBooks is an asset.
- Excellent attention to detail and ability to manage multiple priorities.
- Highly motivated and energetic with interest in entrepreneurship, software, and finance
Location + Travel
- Our UK head office is in the City of London, near Fenchurch Street station.
- We are open to where people are based in the UK, but would ideally want someone who is open to being in the office two days per week (at least one of Tuesday and Thursday).
- Extensive travel is not expected in this role, but there may be a need to travel to our 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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