Finance Transformation Manager

3 weeks ago

Ontario, Canada Humanetics Full time

Humanetics Safety is the pioneer of safety systems used across the automotive, aerospace, defense and transport sectors. It is the market leader in the design and manufacture of the iconic crash test dummies, the world most biofidelic anthropomorphic test devices, and a leader in Active Safety test solutions, crash test equipment and calibration platforms that are used to ensure humans are protected at moments of need. Our hardware devices have exact match digital twins and integrated software platforms that provide customers with powerful solutions to maximize the productivity of their crash test programs. Protecting humans in a world in perpetual motion.

As a Digital Transformation Finance Manager specializing in subscription management, Software as a Service (SaaS) solutions, and IFRS 15/ASC 606 your primary role is to lead financial strategies that drive the digital evolution of the organization, particularly in subscription-based and SaaS offerings while ensuring compliance with the IFRS 15/ASC 606 revenue recognition standard. You will collaborate closely with cross-functional teams to align financial planning, analysis, and reporting with digital transformation objectives, optimize subscription revenue streams, maximize ROI from SaaS investments, and ensure adherence to IFRS 15/ASC 606 requirements. This role requires a deep understanding of finance, subscription models, SaaS platforms, and IFRS 15/ASC 606 to effectively manage financial operations in a rapidly evolving digital landscape.

Responsibilities:

1. Financial Planning and Analysis for Subscription and SaaS:

  • Develop comprehensive financial plans, budgets, and forecasts tailored to subscription-based and SaaS offerings, considering the impact of IFRS 15/ASC 606 on revenue recognition.
  • Conduct detailed financial analysis to evaluate the performance, profitability, and growth potential of subscription models and SaaS solutions, considering IFRS 15/ASC 606 requirements.
  • Provide strategic recommendations to senior management on pricing strategies, subscription packaging, and SaaS product development to optimize revenue and profitability while ensuring compliance with IFRS 15/ASC 606.

2. Subscription Revenue Management:

  • Manage the end-to-end subscription lifecycle, including acquisition, billing, revenue recognition, and renewal, ensuring compliance with IFRS 15/ASC 606.
  • Implement and oversee subscription billing processes and revenue recognition practices in accordance with IFRS 15/ASC 606 guidelines, ensuring accurate and timely recognition of subscription revenue.
  • Utilize subscription management tools (e.g., Zuora, Chargebee) to streamline subscription processes, manage customer subscriptions, and optimize revenue recognition, while ensuring compliance with IFRS 15/ASC 606.

3. SaaS Investment Optimization:

  • Evaluate and prioritize SaaS investments based on financial feasibility, ROI analysis, and alignment with business objectives, considering the implications of IFRS 15 /ASC 606 on revenue recognition.
  • Monitor SaaS usage, adoption rates, and customer feedback to assess the effectiveness of SaaS solutions and identify opportunities for optimization while ensuring compliance with IFRS 15 /ASC 606 .
  • Collaborate with IT and procurement teams to negotiate SaaS contracts, optimize licensing costs, and ensure compliance with subscription agreements and IFRS 15 /ASC 606 requirements.

4. Financial Reporting and Performance Management:

  • Develop and deliver regular financial reports and dashboards specific to subscription and SaaS revenue streams, highlighting key metrics, trends, and insights, while ensuring compliance with IFRS 15/ASC 606.
  • Track and analyze SaaS-related expenses, including software licenses, hosting fees, and maintenance costs, to identify cost-saving opportunities and optimize spending in accordance with IFRS 15/ASC 606.
  • Work closely with stakeholders to establish performance targets and KPIs for subscription and SaaS initiatives, and monitor progress towards financial goals while adhering to IFRS 15/ASC 606 requirements.

5 . Risk Management and Compliance:

  • Assess financial risks associated with subscription and SaaS models, such as revenue recognition complexities, contract renewals, and customer churn, and develop risk mitigation strategies in compliance with IFRS 15/ASC 606.
  • Ensure compliance with IFRS 15/ASC 606 revenue recognition standard, including proper documentation of revenue contracts, identification of performance obligations, and determination of transaction prices.
  • Collaborate with internal and external auditors to facilitate audits and reviews related to subscription and SaaS revenue recognition and compliance with IFRS 15/ASC 606.

6. Continuous Learning and Innovation:

  • Stay informed about industry trends, best practices, and emerging technologies related to subscription management, SaaS solutions, and IFRS 15/ASC 606.
  • Drive innovation and process improvements in subscription and SaaS finance operations through automation, technology adoption, and cross-functional collaboration while ensuring compliance with IFRS 15/ASC 606.

Basic Qualifications:

  • 5-7 years of experience in financial management, with a focus on subscription-based businesses, SaaS companies, or digital transformation initiatives, with expertise in IFRS 15 /ASC 606 .
  • Proficiency in financial modeling, forecasting, and analysis, with a demonstrated ability to interpret complex financial data and derive actionable insights, while adhering to IFRS 15 /ASC 606 requirements.
  • Strong understanding of subscription models, recurring revenue metrics, SaaS economics, and IFRS 15 /ASC 606 revenue recognition standard.
  • Experience with subscription management tools (e.g., Zuora, Chargebee) and ERP systems, with the ability to implement IFRS 15 /ASC 606 -compliant revenue recognition practices.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and influence decision-making at all levels of the organization, while ensuring compliance with IFRS 15 /ASC 606 .
  • Strategic mindset with a focus on driving business results and maximizing ROI from subscription and SaaS investments, while adhering to IFRS 15 /ASC 606 requirements.
  • Proven ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively, while maintaining attention to detail and accuracy, and ensuring compliance with IFRS 15 /ASC 606 .

Required Education:

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

Preferred Education:

  • MBA or advanced finance certification (e.g., CFA, CPA) is preferred.
At Humanetics, privacy and information security is a critical feature of our corporate culture and is the responsibility of all employees.

Humanetics is an Equal Opportunity Employer/Veterans/Disabled/LGBT employer

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