Chief Financial Officer

This is a fully remote position, open to applicants in United States.

📋 Description

• Take ownership of finance for BAM!, encompassing forecasting and planning, accounting and controls, cash management, and accurate reporting.

• Develop annual budgets, rolling forecasts, and long-term plans for a seasonal, multi-program, multi-state portfolio.

• Create financial reports suitable for the Board and KPI dashboards, detailing unit economics by program, customer/camp, and state.

• Spearhead pricing strategy and margin analysis for afterschool and summer camp initiatives.

• Construct or assist in the creation of pricing and quoting tools utilized by the Sales team.

• Conduct scenario planning and financial modeling for new states and programs.

• Collaborate with Operations on scheduling and labor-management systems, labor allocation rules, controls, and reporting.

• Establish reliable data flows from scheduling, timekeeping, and payroll systems into the general ledger and reporting.

• Provide comprehensive investor and lender reporting, capital planning, and diligence assistance.

• Oversee the monthly close, ensuring GAAP-compliant financial statements and scalable internal controls.

• Manage external audits, tax filings, entity registrations, and compliance across multiple states.

• Supervise revenue recognition for tuition, camp fees, and contracts with schools and districts.

• Select and implement scalable financial systems.

• Oversee payroll tax and employment compliance filings, along with annual ACA reporting.

• Review and authorize payroll, including reporting on seasonal labor-cost variances.

• Manage accounts payable, expenses, reimbursements, vendor payments, approvals, and 1099 reporting.

• Supervise consolidated financial reporting, intercompany accounting, and compliance at the entity level.

• Forecast cash flow and manage working capital during seasonal cycles.

• Handle banking relationships, credit facilities, liquidity planning, billing, receivables, and collections.

• Oversee payroll funding and vendor payment cycles.

• Manage insurance coverage and renewals across operating states.

• Evaluate risks associated with new programs, partnerships, and markets.

• Supervise outsourced accounting, finance, HR, audit, tax, insurance, benefits, and other finance-related vendors.

• Review and approve customer and partner contracts concerning pricing, payment terms, cancellation, revenue recognition, and contractual risk.

• Collaborate with the CEO and legal counsel on financial exposure related legal and regulatory matters.

• Directly manage the accounting and finance team as well as outsourced partners.

• Partner with HR on labor-cost planning, benefits strategies, financially impactful policies, and seasonal staffing budgets.

• Support employment-related legal and compliance issues from a financial perspective.

• Collaborate with the executive team on organizational design and cost structure.

• Prepare materials for the Board, financial packages, and strategic recommendations.

• Work closely with the CEO on company strategy, growth investments, and capital planning.

• Represent BAM! in dealings with banking, audits, investors, and other external financial relationships.

⛳️ Requirements

• A strong commitment to the mission of expanding access to enrichment for children in low-income communities.

• Over 10 years of progressive finance leadership experience, including roles such as CFO, VP of Finance, or Head of Finance.

• Proven experience in managing forecasting, Board reporting, and accounting functions.

• In-depth knowledge of GAAP and accounting fundamentals.

• Experience overseeing external audits and multi-state tax compliance.

• Hands-on accounting expertise to review and challenge journal entries and close from an outsourced provider.

• Direct experience managing seasonal cash flow, working capital, and forecasting through revenue variations.

• Advanced FP&A capabilities, including forecasts based on enrollment, staffing, and pricing assumptions.

• Proficiency in scenario modeling and understanding unit economics by product/program, site, customer, and season.

• Ability to independently develop financial models.

• Experience with multi-entity corporate structures, intercompany accounting, and consolidated reporting.

• Experience in Board-level financial reporting and presentations.

• Strong ability to collaborate closely with HR on benefits, labor costs, policy, and compliance matters.

• Excellent judgment and discretion regarding confidential financial and personnel information.

• Current, hands-on familiarity with AI and other third-party financial tools.

• Bachelor's degree in Finance, Accounting, or a related field.

• Experience in selecting, implementing, and integrating ERP, CRM, and payroll platforms.

• Proven track record in accelerating the monthly close process.

• Experience in program-level or site-level cost accounting and margin reporting.

• Proficiency in allocating variable-rate field labor across programs, sites, and clients.

• Understanding of payroll tax implications for a large, seasonal, multi-state hourly workforce.

• Background in seasonal, multi-site operations in education, camps, childcare, or similar sectors.

• Direct experience with government contracts, school district funding, or similarly reporting-intensive revenue streams.

• Experience managing outsourced or offshore accounting relationships.

• Experience leading complex reconciliation or compliance remediation efforts.

• Ability to engage in data-driven discussions about cost structure with department leaders.

• Willingness to travel occasionally for Board meetings, key partner relationships, and periodic in-person collaboration with the CEO.

• CPA and/or MBA are preferred qualifications.

• Familiarity with Sage Intacct, Salesforce, Paycom, and Bill.com is a significant advantage.

🏝️ Benefits

• Annual performance bonus target of 25% of base salary.

• Stock option grant.

• Medical insurance coverage.

• Dental insurance coverage.

• Vision insurance coverage.

• 401(k) retirement plan.

• Basic life and AD&D insurance.

• Voluntary short-term disability insurance.

• Voluntary additional life/AD&D insurance.

• Voluntary hospital indemnity insurance.

• Generous paid time off (PTO) policy.

• Fully remote work opportunities.

• Occasional travel for Board meetings, key partner relationships, and periodic face-to-face interaction with the CEO.