VP of Finance

The VP of Finance at Parkade plays a crucial role in reporting, financial planning and analysis, accounting management, and treasury management. This includes reporting metrics, transitioning to structured budgeting processes, overseeing accounts payable and receivable, as well as ensuring compliance with tax policies. Your involvement in cross-functional teams will also be key in refining product strategies for improvement.

Candidates applying for the VP of Finance position at Parkade should hold a Bachelor's degree in Finance, Accounting, or Business Administration, with an MBA or advanced degree preferred. Additionally, a decade of finance leadership experience, particularly in startups or growth-stage companies, is essential. Proficiency in financial modeling, reporting standards, and exceptional leadership skills are also critical.

The VP of Finance is instrumental in preparing board decks, managing investor relations, and assisting in the fundraising process. This role involves due diligence, securing capital from venture firms, and maintaining strong communication with current and potential investors, all crucial for enhancing Parkade's financial stability and growth.

Parkade fosters a hybrid work culture, with half of the company based in our San Francisco office. The VP of Finance position would benefit from being located in or near San Francisco to engage regularly in-person, collaborating with a passionate team dedicated to achieving our mission of transforming parking landscapes.

Over the next few years, the VP of Finance at Parkade is expected to drive financial growth, aiming to reach $50 million in Annual Recurring Revenue by 2026. This involves establishing scalable processes, completing successful fundraising, and enhancing financial reporting accuracy to support strategic business decisions.

As a VP of Finance, I would first assess the current financial position and align departmental goals with the overall company strategy. Collaboration with the CEO and various departments would be crucial to formulate a realistic, board-approved budget that supports our growth plans, ensuring all stakeholders have input.

Absolutely! My experience with financial modeling includes constructing comprehensive models that project revenues, expenses, and cash flows, which can adapt to different business scenarios. I focus on creating user-friendly models that provide insights into key performance indicators, helping teams make informed decisions.

Improving cash flow management involves closely monitoring receivables, optimizing payment processes, and establishing clear payment terms with clients. Additionally, I would focus on managing vendor relationships effectively to negotiate better terms and leverage capital when necessary to ensure liquidity.

To establish a scalable financial reporting process, I would first evaluate the existing reporting systems. Then, I would implement automated tools and create a framework that aligns with our growth trajectory. Training team members on these systems would also ensure accurate and timely reporting as we scale.

In my previous roles, I have successfully built and led finance teams, fostering an inclusive and collaborative environment. I prioritize mentorship and continuous learning, empowering team members to take ownership of their work. My leadership approach is to integrate financial insights into broader business strategies.

Managing investor relationships effectively requires transparency, timely communication, and a trust-building approach. I would present detailed reports on financial performance, listen to investor feedback, and ensure alignment on strategic visions, all while reiterating our commitment to growth.

I have extensive knowledge of GAAP principles, which form the foundational framework for financial reporting and compliance. This familiarity guides my approach to ensuring that all financial statements I oversee comply with regulations, fostering integrity in financial communication to stakeholders.

Data analytics is vital in shaping effective financial strategies. By leveraging data insights, I can identify trends, forecast financial scenarios, and make adjustments as necessary. Analytical tools also support rigorous reporting, helping to drive data-driven decision-making across the organization.

I believe in fostering strong cross-functional collaboration. As VP of Finance, I would engage with departments like operations, sales, and product development to understand their needs and perspectives, integrating financial data into their initiatives to further support Parkade's growth and positive impact.

Effective risk management is paramount in finance. I approach it by identifying potential risks related to cash flow, compliance, and financial reporting. Implementing structured guidelines, such as regular audits and establishing robust insurance policies, ensures that risks are mitigated and managed proactively.