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Director of Finance

Nectar Technologies

Nectar Technologies

Accounting & Finance
Montreal, QC, Canada · Montreal, QC, Canada · Remote
Posted on Wednesday, April 10, 2024

About Nectar

A third of the world's crop production depends on honeybee pollination, yet beekeepers lose 40% of their hives each year. To be part of the solution, our team's mission is to provide beekeepers and growers with the data-driven tools needed to raise thriving honeybee colonies.

We believe that the technology being built by our team - including AI models - will lead to a future where pollinators are considered an essential factor in feeding our planet.

With our digital hive management system BeeTrack, Nectar’s goal is to equip commercial migratory beekeepers with technologies that enable them to make data-driven decisions to raise healthier bees to secure our food supply.

About the position

As Director of Finance, you'll report directly to the COO and collaborate closely with the CEO to drive financial strategies and compliance efforts at our B2B SaaS startup. Your key responsibility will be to oversee financial reporting, compliance, and strategic financial advice, ensuring alignment with company goals and objectives

Why are we looking for a Director of Finance?

As Nectar accelerates its growth, we're focused on fortifying our financial infrastructure and strategic planning processes. The Director of Finance will be pivotal in ensuring financial stability, compliance, and strategic alignment as we expand our presence and impact in the AgTech industry.

Responsibilities

Financial Reporting and Compliance
  • Oversee bookkeeping and production of monthly and annual financial statements in accordance with accounting standards and regulatory requirements for Nectar and its US based subsidiary.
  • Supervise and manage the internal accounting team.
  • Ensure compliance with Canadian and US regulations, IFRS accounting standards and reporting obligations.
  • Ensure timely filing of all necessary tax returns and other regulatory filings with government agencies.
  • Review payroll policies and procedures to ensure compliance with withholding requirements , labour laws and regulations.
  • Ensure timely filing of all necessary payroll taxes.
  • Oversee the identification of grant opportunities (government, industry , academic).
  • Ensure proper management of sales tax compliance for both the Canadian and US entities.
Strategic Financial Advice
  • Produce senior management with monthly financial performance indicators and analysis of monthly financial statements in comparison with forecasts.
  • Collaborate closely with the CEO and senior leadership to develop a comprehensive growth strategy aligned with the evolving needs of the agricultural technology market.
  • Provide strategic guidance on key initiatives such as strategic partnerships, international expansion, and other operational decisions within the agtech ecosystem.
  • Collaborate with the senior leadership team to identify human resource gaps and opportunities.
Financial Planning and Analysis
  • Develop and maintain dynamic financial models based on existing model tailored to the nuances of the agtech industry, including factors such as seasonality, market trends, competitive environment and regulatory considerations.
  • Provide strategic insights and data-driven recommendations to support product development, pricing strategies, and market expansion efforts within the agricultural sector , based on existing resources and expanded capital base.
  • Produce the annual budget.
Cash Flow Management
  • Implement robust cash flow forecasting methodologies specifically designed to accommodate the unique revenue streams and cost structures inherent in a B2B SaaS in AgTech, particularly in an uncertain and rapidly evolving market place .
  • Implement cash management strategies to optimize working capital and minimize financial risks , in the short and medium term.
  • Translate financial data into insights that can be understood by the larger team.
Fundraising Support
  • Support senior management in fundraising initiatives by leading the financial aspects, such as preparing financial projections, contributing to investor presentations, and due diligence materials.
  • Cultivate relationships with venture capital firms, strategic partners, and government agencies active in the agtech space to optimize funding opportunities.some text
    • Oversee SR&ED funding processes, including ongoing financing with Investissement Québec.
Cost Management and Efficiency
  • Implement cost optimization strategies and operating budgets tailored to the unique operational challenges and opportunities present in the company's value chain.
  • Identify opportunities to reduce costs and improve operational efficiency without sacrificing quality or scalability.

About you

  • Accomplished finance professional with 7+ years of experience, ideally within SaaS startups or similar rapidly evolving industries, demonstrating expertise in financial reporting, compliance, and strategic planning, adaptable to various organizational contexts.
  • Proven track record of overseeing financial reporting, compliance, and strategic planning, resulting in improved operational efficiency and sustainable growth.
  • Recognized leadership skills and strong ability to manage, supervise and develop teams.
  • Strong communicator and influencer, capable of effectively interfacing with stakeholders at all levels to drive alignment and achieve organizational objectives.
  • Passionate about using finance to create positive change in the food system, in line with Nectar's mission of fostering a sustainable economy for environmental improvement.
  • Committed to our core values of positivity, constructive communication, caring for the food system and clients, curiosity, and ambition, fostering a collaborative and forward-thinking work culture.
  • Fluent in English and French.

Benefits & Conditions

  • Permanent and full-time role (4.5 day work week) with flexible work hours;
  • To be performed in Canada or US: from home and/or from Nectar's office in Montreal;
  • Remuneration according to experience;
  • A minimum of 3 weeks of vacation;
  • Group insurance plan & RRSP (for residents of Canada);
  • Annual well-being budget of $500;
  • The opportunity to learn beekeeping and participate in maintaining Nectar's hives;
  • An endless supply of honey.