What are the responsibilities and job description for the [Fractional] Chief Financial Officer (Equity-Based) position at SOULCHI?
Position : [Fractional] Chief Financial Officer
Location : Remote
Category : Flexible, Part-time (15 hours) to Full-time (40 hours)
Compensation : Fair Market Value, Equity-Based Compensation Model
Welcome to the forefront of transformational change. At SOULCHI, we are driven by a vision that blends virtues-based leadership, conscious growth, and a commitment to the United Nations Sustainable Development Goals. As an equity-based startup team member, you're not just joining a team; you're embarking on a journey to shape a more harmonious and sustainable world. We believe that true progress stems from the fusion of innovation and values, and that's exactly what you'll find here – a dynamic environment where your talents will thrive, your ideas will flourish, and your impact will resonate far beyond. Join us in rewriting the narrative of leadership and making a lasting difference that echoes through generations.
Role Overview :
As the Chief Financial Officer, you will be a key member of the executive team, responsible for shaping the financial strategy and driving the company's growth. You will oversee the company's financial operations, ensure sound financial practices, and provide the CEO with strategic insights and recommendations. Your role will be critical in supporting decision-making, managing investor relations, and optimizing financial performance as we navigate our growth journey.
Key Responsibilities :
- Financial Strategy & Leadership : Develop and execute comprehensive financial strategies that align with the company's vision, mission, and growth objectives. Provide strategic financial insights to the CEO and executive team to inform business decisions, and drive long-term financial planning.
- Budgeting & Forecasting : Lead the preparation of accurate and detailed annual budgets, as well as quarterly and monthly financial forecasts. Regularly assess financial performance against targets and adjust strategies accordingly.
- Financial Reporting & Transparency : Oversee the preparation of financial statements (income statement, balance sheet, cash flow) in compliance with accounting standards. Ensure transparent financial reporting for both internal stakeholders (executive team) and external stakeholders (investors, board members).
- Cash Flow & Financial Operations : Monitor and manage cash flow to ensure the company's day-to-day operations run smoothly. Optimize working capital by overseeing accounts payable, accounts receivable, and other short-term financial strategies.
- Investor Relations & Fundraising : Manage relationships with current and potential investors, keeping them informed of financial performance, business development progress, and key milestones. Lead the preparation of fundraising materials, including financial projections, investor pitches, and business plans. Act as a key advisor during fundraising rounds, from pre-seed to Series A, ensuring investor confidence and trust.
- Risk Management & Compliance : Identify financial risks and implement mitigation strategies. Ensure the company adheres to all financial regulations, tax laws, and compliance standards. Regularly assess and update the company's risk management framework, including insurance, audits, and financial controls.
- Performance Metrics & KPIs : Establish and monitor key performance indicators (KPIs) related to financial health, profitability, and operational efficiency. Develop and maintain metrics to measure the company's progress toward financial goals and communicate performance to the CEO and other executives.
- Team Management & Development : Build and lead the finance team, providing guidance, mentorship, and professional development opportunities. Foster a culture of financial accountability, accuracy, and transparency across the organization.
- Cost Optimization & Financial Efficiency : Drive cost optimization initiatives without sacrificing quality or innovation. Ensure that resources are allocated effectively, identifying areas for improvement or potential savings across departments.
- Strategic Partnerships & Financial Negotiations : Negotiate and manage financial relationships with key stakeholders, including vendors, suppliers, and partners. Evaluate the financial viability of potential strategic partnerships, joint ventures, and licensing deals.
- Tax Strategy & Planning : Oversee tax planning, compliance, and filings to ensure the company minimizes tax liabilities while remaining in full compliance with applicable regulations. Develop tax strategies aligned with the company's growth and financial goals.
- Treasury Management : Manage the company's banking relationships, capital structure, and investment strategies. Oversee the management of company funds, ensuring the availability of liquidity while optimizing returns on investments.
- Business Analytics & Insights : Collaborate with the executive team to develop and implement business analytics frameworks. Leverage financial data to provide actionable insights that drive growth, operational efficiency, and better decision-making across the organization.
- Financial Systems & Process Improvement : Evaluate and implement financial systems, software, and processes that enhance efficiency and streamline financial reporting and operations. Ensure the integrity and accuracy of financial data across the organization.
- Long-Term Financial Planning & Exit Strategy : Develop long-term financial models to support business expansion, sustainability, and potential exit strategies, including IPOs, acquisitions, or other liquidity events. Align financial planning with the company's vision for growth and strategic objectives.
Required Qualifications :
Equity-Based Compensation Opportunity :
As part of the SOULCHI team, you'll take part in our equity-based compensation model, aligning your success with the success of our business. After much research, we have found the fairest equity model for a startup. We use the Slicing Pie model. The first phase is equity-based only, which we are currently in. Equity calculations move dynamically based on your fair market rate and actual number of hours worked. In the second phase, which happens at the break-even point, the equity freezes at each member's current earned percentage, and compensation switches to salary benefits. Your equity percentage gets paid out annually as part of the profit sharing. This is more than a job; it's an opportunity to own a piece of the future.
We request you only apply for this position if you believe an equity-based model is the perfect fit for you. A more detailed explanation from the professor who created the model can be found on Youtube, " Pie Slicer Equity Split Software " by Slicing Pie .
We understand the importance of work-life balance and recognize that each individual has unique scheduling needs. As such, we offer flexibility in working hours for the [Fractional] Chief Financial Officer role, with the opportunity to work anywhere between 15 to 40 hours per week, depending on the candidate's availability and suitability for the role.
Thank you for considering SOULCHI as your future employer.
How to Apply : To apply, please submit your resume and a cover letter detailing your alignment with our mission and the value you can bring to our team. Join our passionate team and be part of a transformative journey to spread virtues, create social impact, and contribute to a more loving and peaceful world. Together, we can harness the power of technology to bring the truth of oneness to the center of societies worldwide.