CHIEF FINANCE OFFICER

Alumni Ventures Group is seeking a Chief Finance Officer who will serve as a member of the Executive Team and work with AVG’s Board of Directors to develop and lead the financial organization in support of company objectives. 

ABOUT ALUMNI VENTURES GROUP

Alumni Ventures Group is a fast-growing company with over 100 employees across the country dedicated to growing and engaging with an inclusive community of teammates, investors, and entrepreneurs disrupting the status quo in order to build a better future. AVG provides accredited investors with the smartest, simplest way to own a high-quality, actively indexed venture portfolio.  Today, we serve roughly 4,000 investors, hundreds of startups, and a community of over 500,000 stakeholders across the country.  Our corporate headquarters in Manchester, NH provides support and resources to our fund teams in Boston, New York, Chicago, San Francisco, Menlo Park and Austin. 

 ABOUT THIS ROLE

Today, AVG delivers a direct-to-client approach to thousands of accredited individual investors.  Our product is simple: actively indexed VC portfolios. These portfolios are diversified across stage, sector, geography, and primarily co-invested with top-quartile VC firms across the country.  The Chief Finance Officer will lead AVG’s Corporate Finance and Fund Accounting teams to ensure the effective and efficient management of all finance practices relative to AVG’s day to day business. The CFO will also work closely with the AVG’s General Counsel & Senior Compliance Officer and the COO to ensure institutional adherence to sound legal and compliance practices.

 

OUTCOMES & RESPONSBILITIES

OUTCOMES

Success in year one for AVG’s CFO will be achieved through the development and leadership of a high-functioning finance organization, well organized and aligned to support both the day to day requirements of AVG’s growing business as well as long term organizational objectives. 

  1. Effective financial strategy developed and implemented in collaboration with AVG’s CEO, Executive Team, and Board of Directors
  2. Leadership presence, providing consistently strong direction and support for individual and team development ensuring that finance team members are engaged, high-performing employees
  3. Exceptional financial processes, controls and reporting systems and practices are established for financial reporting, fund administration, and tax
  4. Impactful relationships established with AVG’s Executive Team and Board of Directors as well as other key departments such as OOI, Community Development, HR, Engineering, and Communications
  5. Exceptional compliance processes implemented to deliver regulatory adherence, compliance and best practices, including reporting, filing. and communications relative to finance and business needs
  6. Contribute to the development of a culture of continuous improvement and alignment with AVG’s North Stars

 

RESPONSIBILITIES

  • Manage and oversee all financial and tax reporting, filing and administration
  • Manage balance sheet and cap table relative to fundraising, distributions, buybacks, etc.
  • Develop, execute, and report on financial processes that align well with AVG’s business planning
  • Document, ensure compliance with and continually improve key processes
  • Oversee finance team staff management, feedback, and development
  • Evaluate, manage, and report on yearly financial objectives that align with the company’s goals
  • Prepare and present monthly financial budgeting reports, including monthly profit and loss by division, forecast vs. budget by division, weekly cash flow by division, and annual and three-year corporate budget.
  • Serve as a key point of contact for external auditors, ensure the preparation of related materials and support of all external audits
  • Maintain AVG’s banking relationships and strategic alliances with vendors and business partners, including insurance carriers
  • Manage and work with AVG’s senior compliance officer and both inside and outside legal counsel in all areas, including regulatory compliance and broker-dealer relationships
  • Remain current on audit best practices as well as state, federal, and local laws and regulatory body rules and tax laws regarding company operations
  • Oversee Fund Accounting’s execution of and overall adherence to AVG’s policy on delivery of K-1s, investor statements, and other investor-centric financials
  • Supervise the preparation and timely filing of all local, state, and federal tax returns and regulatory filings
  • Present financials and analysis to our Company, its stakeholders, external parties, and our Board of Directors
  • Execute on all distributions, stock buybacks, investor inquiries, valuations, M&A, and strategic investments and relationships
  • Manage all corporate and fund-based liabilities, as well as all financial obligations
  • Contribute towards continuous improvement in AVG’s security practices, relative to data, funds, and other assets & policies.
  • Managing financial input & record-keeping for all leases & contracts
  • Work with IT/Engineering team and Communications team on updating investor portal and other investor communications
  • Serve as a leader and role model to all AVG employees and other stakeholders, making impactful and positive contributions to company culture

REQUIREMENTS

COMPETENCIES

  • High levels of business, operations and financial acumen supported by superior analytical abilities; proven ability to effectively scrutinize and challenge assumptions and both interpret and support the strategy and priorities of the organization in financial terms
  • Strong contributive presence as an Executive Team member, serves as a respected leader to direct reports, and across the organization
  • Demonstrated executive decision-making capacity and ability to work through challenges with conviction while leveraging sound judgement
  • Effective and persuasive communication and presentation abilities, including an ability to frame complex ideas in ways that can be easily understood and leveraged for educating, and engaging at all levels of the organization
  • Superior leadership capabilities in managing and developing teams
  • Impeccable attention to detail and commitment to well-structured and efficient processes
  • Takes initiative and demonstrates impressively strong work ethic
  • Acts with integrity, demonstrates high levels of discretion and confidentiality and influences others to act accordingly
  • Execution oriented, willing to contribute at all levels, and ensures goals and deadlines are met
  • Entrepreneurial mindset, proactive, creative problem-solver, innovator
  • Collaborative perspective, encapsulating high-level objectives and incorporating tactical requirements into processes and decisions

EXPERIENCE

  • 8-10 years in an executive or leadership capacity as the head of Finance Organization
  • At least 2 material, professional experiences in a fast-paced, intense, dynamic environment
  • 4+ years of experience as a finance leader for a startup or growing company, refining or developing financial practices in a fast-paced environment
  • Meaningful experience in or exposure to venture capital or private equity sufficient to inform leadership on best practice and to develop and direct fund accounting strategy
  • Expertise in managing internal corporate finance functions including cap table management, distributions, buybacks, and corporate fundraising
  • Exercising in managing professional compliance staff in a financial services environment.
  • Experience with real estate and or construction contracts for a growing organization with remote offices is preferred
  • MBA highly preferred
  • Significant experience working with a variety of stakeholders external to the business including outside counsel and directly with the SEC and/or other regulatory bodies
  • Demonstrated success building and managing financial practices and programs to ensure compliance, minimize risk, optimize and support business objectives and communicate effectively with internal and external stakeholders
  • Successful experience building and leading teams in a high-growth environment, including specific experience developing and supporting the growth of management-level employees
  • Experience managing the cap table, equity-based incentives and relationships with owners, including structuring, record-keeping, valuation and relevant communications, for a private company

SKILLS

  • People management and team development & leadership
  • Design and development of financial strategy and planning
  • Execution and management of financial planning, analysis, reporting, and presentation
  • Expertise in financial market activities, including accounting, audit, tax, and statutory regulations affecting venture capital funds
  • Interpretation and facilitation of adherence to compliance and regulatory requirements
  • Effective and influential written and oral communication and ability to distill and present complex concepts and information at all levels
  • Influencing and engaging others
  • Relationship development and management
  • Cross-functional project management
  • Contract review and negotiation

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