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Vice President, Financial Planning & Analysis

Burlington, MA, US, 01803

Finance

Sophos makes IT security simple with next-generation solutions that protect networks, servers, and devices, wherever they are. Today, more than 100 million users in 150 countries and a global network of channel partners trust Sophos to deliver simple solutions to complex security challenges. Focused on innovation and backed by a global network of Sophos Labs threat intelligence centers and industry-leading support, Sophos delivers solutions that are simple to deploy, maintain, and manage, enabling organizations to focus on performance and growth. Sophos — Security made simple.


The key objective of the position is to both manage, and assist in, the preparation of all forward looking financial projections for the Group as a whole including the Long Term Plan, the Annual Operating Budget and the Forecasts.  Subsequently the individual should be able to explain variances to the actual results; and will be responsible for internal reporting.  This role also involves interface on a day-to-day basis with: the Senior Vice President Finance, the CFO; members of the Senior Management Team; and, the other global finance departments as required.  The FP&A Team also provide financial support to the various functions / departments of the Group.

 

Duties & Responsibilities

 

The role involves liaison with the Senior Management Team.  It will also necessitate frequent interface with the Group’s Executive Directors.  The job-holder is responsible for both the provision of timely and accurate information, and the maintenance of relationships with all senior employees of the company.  Specific responsibilities will include:

 

Planning and Forecasting

 

  • Manage in their entirety the planning and forecasting processes
  • Own and manage the framework and timetable and agree with management. Ensure the business delivers to this timetable and provide all the necessary data collection tools
  • Ensure stakeholders are fully informed before, during and after the process is complete
  • Deliver robust annual consolidated Income Statement, Balance Sheet and cash flow plans and regular forecasts for the Group:
  • Work with the SVP of Worldwide Sales and the Sales Operations team to propose and agree a robust billings and revenue plan.  Supply the historical results and renewals metrics to support this process
  • Own the process that delivers the expenses plan and forecast by function
  • Provide all templates required by the business and consolidate the results for presentation to management
  • Provide slides for regular CEO and CFO reviews and Board updates
  • Be able to provide a narrative on changes to the plan as it evolves and suggest actions and work with managers to get to the required outcome
  • Be able to explain and justify to senior management key elements of the Group forecast and plans
  • Deliver the consolidated Income Statement, Balance Sheet and cash flow Long-Term Plans
  • Own the suite of spreadsheets that generate the billings and revenue plans and forecasts
  • Own the Group’s planning system (currently Cognos):
  • Own the planning system that delivers the expenses plan and forecast
  • Ensure the system is maintained and is available when required. This includes reconciliation of actuals and headcount data; maintenance of cost centres and groupings; integration of acquired companies; control of access to the system 
  • Ensure the system passes data to the reporting cubes and that this is fully reconciled
  • Other forward-looking finance related activities
  • Work closely with the Financial Control and Group reporting teams to understand the Group’s actual financial results and variances to Plan and forecast
  • Supervision of and assistance in preparation of quarterly review packages for discussion at meetings with the Senior Management Team.  Assistance in explaining past and future results
  • Assist other finance departments in forecasting and scenario modelling as required
  • Manage the Group bonus tracking process

 

Business and Finance Support

 

  • On behalf of the Commercial Finance Team, ensure the provision of consistent, high quality financial business partnering support for all the Group’s functions 
  • Ensure the Commercial Finance function is providing consistent, high quality monthly support to senior management and finance controllers across the business.  Make sure they are fully informed on actual results, planning and forecasting processes, and the reasons for variances
  • Support the month end close by ensuring all team tasks have been performed and that reporting systems reconcile to SAP and KPIs are accurately reported
  • Make sure that each respective business partnering function is fully informed on actual results, planning and forecasting processes, and the reasons for variances 
  • Assist other finance departments in forecasting and scenario modelling as required.
  • Provide support and guidance to the wider finance team as required
  • Assist in adhoc reporting activities as required

 

Reporting 

 

  • Oversee the preparation of the relevant monthly management accounts for presentation to the SMT and separately the Board
  • Supervision of and assistance in preparation of review packages for discussion at meetings with the Senior Management Team and assistance in explaining past and future results
  • Support and guide the wider finance team on reporting matters as required
  • Assist in adhoc reporting activities as required
  • Ensure the reporting cubes accurately deliver the metrics required to measure financial business performance
  • Oversee the production of the “front end” of the external annual report and accounts
  • Work with the finance IT team to ensure all specifications for changes and enhancements to reporting and planning systems are robust and the impact on users has been considered.  Ensure UAT performed by the finance team is of a high standard and that the roll out of changes to the live environment is successful
  • Ensure all issues with the reporting cubes are promptly resolved and the cube is fully reconciled to SAP at month end

 

Projects

 

  • Lead work streams contributing to successful Commercial Finance project deliveries.  Work closely with internal management and external stakeholders on data collection, verification and modelling. 
  • Examples may include: debt refinancing; modelling target acquisitions and post-acquisition integration work; and, supporting the delivery of new internal systems
  • Contribute to Finance work streams that improve the business 

 

Skills and Experience

 

The individual who filled this position would probably have the following characteristics:

 

Essential:

 

  • MBA or CPA preferred, with a Commercial Finance background
  • Minimum of 10 years post qualification experience
  • Previous planning department experience preferably in a quoted company environmen
  • Excellent communication skills / inter-personal skills and influencing skills 
  • Experience of working with senior management teams
  • Experience of provision of business partnering
  • Highly developed analytical and problem-solving skills
  • Strong data analysis skills
  • Drive and determination
  • Strong communication, inter-personal skills and influencing skills are an important attribute in running a busy function in accordance with strict timetables, whilst implementing changes and dealing with adhoc matters and issues as they arise
  • The ability to organise a busy and demanding workload is essential.  Keen interest in a high-quality response to the function’s customers

 

Desirable:

 

  • Graduate    
  • Experience of a quoted company environment
  • Attention to detail
  • An IT literate person with good Excel and PowerPoint skills
  • Self-motivated and wishing to make a difference, with a track record of achievements.  
  • Previous experience of managing a team
     

At Sophos, we want every organization to be protected by innovative, next-generation IT security, even those who don't have a huge IT staff. We protect organizations of all sizes, all around the world by making enterprise-grade security that is simple to deploy, manage, and use. It is our passion, and something we are truly proud of.


Nearest Major Market: Boston

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