Portfolio Finance Director

Job Summary:

About the Turner Portfolio

The Turner Portfolio is part of Volaris Group, an operating group of Constellation Software PLC (TSX:CSU), a listed acquirer and permanent owner of vertical market software businesses. We are a global, fast growing portfolio of around 20 operating companies and around 1,200 employees worldwide, with a distinct focus on three key verticals. A portfolio team of around 35 people supports three vertical teams of around five people each, and each vertical is looking to expand globally through sustained M&A activity.

Job Description:

Purpose of the role

The Finance Director owns the production of the portfolio's numbers: consolidation, quarterly reporting to group, compensation calculations and the financial mechanics of acquisitions, to a standard that survives challenge.

The role reports to the VP, Portfolio Operations, who owns the portfolio's operating cadence, planning direction and automation mandate. The Finance Director is the technical authority beneath that: the person who makes the numbers right, on time, every time, and whose reading of the numbers shapes what the portfolio says about itself. This is not an operating company CFO seat; each operating company keeps its own ledgers and local finance lead. The job is to make 20 sets of operating company data consolidate cleanly into one trusted picture, and to leave the finance community stronger than it was found.

Key responsibilities

Portfolio reporting

• Own the monthly consolidation of results across all operating companies and production of the portfolio management reporting pack.
• Own the mechanics of the quarterly reporting cycle to group: the numbers, the standard operating ratios the group manages by, and variance analysis against plan and prior submission.
• Contribute significantly to the reporting narrative: trend analysis, observations across the operating companies, and the so-what behind the numbers, feeding the commentary the VP, Portfolio Operations owns.
• Flag risks in the numbers early and with a recommended action, not after the quarter has closed.

Planning and compensation

• Run the mechanics of the annual budget and rolling forecast with operating company finance leads, to the planning direction set by the VP, Portfolio Operations.
• Own the calculation, modelling and reconciliation of the group's leadership bonus scheme and operating company leader compensation across the portfolio; interface to Volaris Group central finance on methodology.

Treasury and banking

• Manage the portfolio's debt cycles and the relationships with external banks, alongside intercompany funding and the movement of cash across the group.
• M&A and integration finance
• Own financial integration from signing: day one reporting onboarding, group chart of accounts mapping, and earn-out and deferred consideration tracking.
• Track investment performance across the portfolio: investment case tracking against the diligence model post close, and regular IRR analysis and reporting on every acquisition.
• Provide the finance workstream for portfolio transitions, including the clean financial separation of businesses moving to other operating groups or verticals.

Finance community and capability

• Lead the community of finance leads across the operating companies: standards, cadence, training on the group's methodology, and succession for weak or vacant seats.
• Implement automation and AI in reporting production within the VP, Portfolio Operations' automation mandate, so the team spends its time on interpretation, not collation.

Controls and compliance

• Own the coordination of statutory audit, tax and intercompany requirements with group finance and operating company finance leads; own management fee and recharge mechanics for the portfolio.

• Maintain a control environment appropriate to a listed group without importing bureaucracy the operating companies do not need.

Candidate profile

With the new era of AI and automation upon us, we are looking for someone who is very curious and can adapt: a track record of using technology to improve systems and processes, so less time is spent on repeatable transactional work and more on critical thinking and value-add.

Essential

• Qualified accountant (ACA, ACCA, CIMA, CPA or equivalent) with eight or more years of postqualification experience, including group consolidation and management reporting personally owned in a multi-entity environment.
• Has produced and stood behind quarterly reporting in a listed or equivalently demanding environment: numbers that hold up under scrutiny.
• Fluency in software economics: recurring revenue, attrition, licence and services mix, and the operating ratios that follow from them.
• Hands-on M&A finance: completion mechanics, chart of accounts mapping, earn-outs and deferred consideration, post-close integration.
• Has led a small team and influenced finance leads they did not line manage. Comfortable in a decentralised model where authority comes from credibility, not control.
• Precise, concise communicator whose numbers need no caveats.

Desirable

• Experience inside Constellation, Volaris or a comparable serial acquirer of vertical market software.
• Multi-currency and multi-GAAP/IFRS exposure (IFRS, US GAAP), with North American and European entities.
• Experience administering leadership bonus or incentive schemes.

What we are not looking for

• A controller who stops at the ledgers. The operating companies run their own; this role interprets as well as produces.
• Someone who reports problems rather than resolving them.

SALARY AND ADDITIONAL PAY*

Base salary range: $156,000 - $225,000

Other compensation: This position is eligible to participate in the discretionary company bonus plan.

* Individual compensation packages are based on various factors unique to each candidate, including skill set, experience, qualifications and other job-related reasons

How we assess

Beyond experience, we assess every candidate against our A-Player behaviours: the standard every member of the portfolio is held to. For all team members these are Drives Outcomes, Owns It, Elevates Others, Thinks Critically and Acts Decisively, Communicates with Impact, and Pursues Self Growth. Because this role leads a team, we also look for the people leadership behaviours that sit on top: Builds Awesome Teams and Creates Unshakable Trust. Expect the selection process to explore these with specific examples from your own experience, and to treat each as a balance; overdone is as telling as underdone.

Worker Type:

Regular

Number of Openings Available:    

1