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VP of Finance

About Woolf

Woolf is a pioneering force in university education, backed by leading Silicon Valley investors. Our mission is to reshape the future of learning by expanding access to high-quality education on a global scale. Learn more at Woolf University.

We’re a rapidly growing university startup, already enrolling over 10,000 degree students from around the world. With a globally distributed, primarily remote team, we thrive on collaboration across diverse locations, perspectives, and expertise.

The Opportunity

Woolf is seeking a VP of Financial with a CPA or CFA certification to lead our financial operations function. This role is crucial for ensuring seamless financial processes across complex contracts, accurate financial reporting, and effective cash flow management across multiple currencies and entities. The ideal candidate will thrive in a fast-paced environment, possess exceptional attention to detail, and demonstrate a strong ability to implement scalable financial systems.

Team

You will interface regularly with the executive leadership team and cross-functionally with other relevant stakeholders to build out an efficient and effective finance function that can accurately reflect the state of our fast-growing business.

You will step in to a well-defined, process-oriented monthly cycle with weekly cash reporting and booking reporting against monthly targets, AR and AP, financial close package, with updates to the company financial model.

You will have or hire 1 or more direct reports in 2025 to support AR and AP, and cross-functional support until then. You will own FP&A and the company financial model with the CEO and members of the New Business team.

Working Hours: Must have 6 or more hours of overlap with US Pacific Timezone (PST).

Start Date: Immediate

Responsibilities

1. Customer-Facing Financial Operations (AR)

  • Oversee and implement all financial operations related to monthly invoicing, ensuring compliance with complex contractual terms.
  • Manage customer relationships by addressing and resolving any billing or financial inquiries in a timely and professional manner.

2. Financial Close (Accounting)

  • Lead the monthly financial close process, ensuring accuracy and timely reporting.

3. Financial Modeling (FP&A)

  • Update and maintain the financial model to support strategic decision-making and business forecasting.
  • Update the customer weekly booking report against monthly projections.
  • Oversee staff planning updates and their alignment with financial forecasts.

4. Cash Flow Management

  • Produce weekly cash flow reports across multiple currencies and legal entities.
  • Monitor bank accounts and ensure adequate cash reserves for operational needs.

5. Vendor & Budget Management (AP)

  • Serve as the primary liaison for all vendors, negotiating cost-effective and values-aligned alternatives.
  • Prepare and monitor annual budget figures for operating expenses.

6. Financial Reporting

  • Generate quarterly financial and cash flow reports for the Board of Directors.
  • Reconcile monthly activity and produce financial statements, working closely with other operational stakeholders.

7. Process Excellence

  • Design scalable bookkeeping and financial processes to support a rapidly growing organization.
  • We may overhaul our invoicing system in 2025, using Stripe Billing or similar.
  • Maintain organized, up-to-date, and accessible financial files.
  • Collaborate with operations and data teams to build cross-functional efficiency and ensure data accuracy.

Certification Required: CFA or CPA.

Education: MBA or management consulting experience (BCG, McKinsey, Bain, or Big Four).

Experience:

  • 10+ years in financial management, accounting, or bookkeeping, preferably in a high-growth or startup environment.
  • Proven ability to oversee AP/AR, financial close, and cash flow processes.
  • Proven ability to handle inter-company eliminations with multi-currency and international financial operations is required
  • Ability to manage complex booking to amortization schemes with accuracy and GAAP compliance

Skills:

  • Advanced proficiency in Excel, Google Sheets, and accounting tools like QBO (QuickBooks Online).
  • Strong analytical skills and attention to detail.
  • Ability to effectively manage multiple projects and meet tight deadlines.
  • Exceptional communication and interpersonal skills.

What Makes You Stand Out:

  • Experience in high-growth startups or early-stage organizations.
  • Proven ability to design and implement scalable financial processes.
  • Highly self-motivated, comfortable working in a remote-first environment, and enthusiastic about tackling challenges head-on.
  • Operationally focused with a hands-on approach to problem-solving.
  • Competitive Compensation
  • Work-from-home: Enjoy the flexibility of a fully remote work environment, along with flexible PTO and working hours.
  • Tools for Success: We provide you with a company laptop and the resources needed to succeed and grow within your role.
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What You Should Know About VP of Finance, Woolf

Woolf is on the hunt for an exceptional VP of Finance to steer our financial operations and help us redefine university education. If you have a CPA or CFA certification and thrive in a dynamic, fast-paced environment, then this role is perfect for you! As Woolf's VP of Finance, you'll play a pivotal role in managing complex contracts, ensuring precise financial reporting, and providing effective cash flow management across various currencies and entities. You will interface regularly with the executive leadership team, ensuring everything aligns with our ambitious strategic goals. You’ll oversee all customer-facing financial operations, lead the monthly financial close process, and maintain the financial model to enhance decision-making. An integral part of your role will include generating quarterly reports for our Board and designing scalable bookkeeping processes to support our rapid growth. Furthermore, your expertise will be vital in fostering strong vendor relationships and managing budgets. Woolf boasts a globally distributed team and embraces collaboration, so you'll need to ensure at least 6 hours of overlap with the US Pacific Timezone. If you’re an analytical thinker with over 10 years of experience in financial management, particularly in a startup setting, we want to hear from you! Join us at Woolf, and let's reshape the future of education together.

Frequently Asked Questions (FAQs) for VP of Finance Role at Woolf
What qualifications are needed for the VP of Finance position at Woolf?

To thrive as the VP of Finance at Woolf, candidates must hold a CPA or CFA certification. An MBA or relevant management consulting experience from firms like BCG, McKinsey, Bain, or Big Four is also desired. Additionally, candidates should possess over 10 years of experience in financial management, accounting, or bookkeeping, particularly in a high-growth or startup environment.

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What are the key responsibilities of the VP of Finance at Woolf?

The VP of Finance at Woolf will manage a variety of crucial responsibilities, including overseeing customer-facing financial operations (AR), leading the monthly financial close process, maintaining and updating the financial model, and producing weekly cash flow reports across multiple currencies. This role will also involve vendor and budget management, financial reporting, and designing scalable financial processes that align with the organization's rapid growth.

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How does the VP of Finance at Woolf interact with other teams?

As VP of Finance at Woolf, you will have regular interaction with the executive leadership and cross-functional teams to build an efficient finance function. You will need to align financial strategies with operational goals, ensuring timely communication with stakeholders to drive business success effectively.

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What skills are essential for the VP of Finance role at Woolf?

Candidates for the VP of Finance position at Woolf should demonstrate advanced proficiency in Excel and Google Sheets, along with expertise in accounting tools like QuickBooks Online. Strong analytical skills, attention to detail, and the ability to manage multiple projects under tight deadlines are essential. Additionally, exceptional communication and interpersonal skills are necessary to succeed in this collaborative, remote-first environment.

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What is the work environment like for the VP of Finance at Woolf?

The VP of Finance will enjoy a fully remote work environment at Woolf, allowing for a flexible schedule with an emphasis on collaboration. This role requires at least 6 hours of overlap with US Pacific Timezone to facilitate communication across teams. With a supportive culture focused on growth, you'll find that Woolf is a great place to advance your career while contributing to pioneering education initiatives.

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Common Interview Questions for VP of Finance
Can you describe your experience with managing financial procedures in a high-growth environment?

When answering this question, share specific examples from your career where you effectively managed financial operations during periods of rapid growth. Highlight your ability to adapt processes to scale operations, ensuring accuracy and compliance.

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How do you approach cash flow management in a globally distributed organization like Woolf?

Discuss your strategies for producing accurate cash flow forecasts and reports across various currencies. Explain how you monitor bank accounts and ensure adequate reserves to meet operational needs while navigating the complexities of international finance.

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What steps would you take to improve financial reporting processes at Woolf?

Outline a plan that includes assessing current reporting practices, consulting with cross-functional teams for insights, and implementing streamlined processes that enhance accuracy and transparency in financial reporting.

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How would you handle a compliance issue related to complex contractual terms?

Explain your hands-on experience with compliance issues and how you would address such concerns in a timely manner. Emphasize your communication skills and your ability to engage with stakeholders to facilitate resolutions.

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What experience do you have with financial modeling and forecasting?

Share details of your past work with financial models for forecasting and strategic decision-making. Highlight techniques you've used to ensure models remain updated and aligned with business objectives.

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How do you build and maintain relationships with vendors?

Discuss your approach to vendor management, including negotiation strategies, maintaining strong communication, and developing long-term partnerships that provide value for both parties.

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Can you provide examples of how you've designed scalable financial processes in previous roles?

Be prepared to share specific cases where you identified inefficiencies in financial processes and implemented changes that improved scalability and operational efficiency. Use quantitative results wherever possible.

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How do you prioritize tasks when managing multiple financial projects?

Discuss how you assess project urgency and impact to prioritize tasks effectively. Mention tools or techniques you use to keep projects organized and on schedule.

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What techniques do you implement to ensure accuracy in financial reporting?

Share the methodologies and checks you have in place to guarantee financial data accuracy, including regular reconciliations, audits, and team collaboration.

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How do you ensure your team's financial practices align with company growth objectives?

Explain how you would communicate company objectives to your team and how you would align financial practices to support those goals, ensuring everyone understands their role in achieving the organization’s success.

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DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, remote
DATE POSTED
January 6, 2025

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