JD Generator
Add your company details and create the JD for hiring your first Finance Controller.
- Develop, implement, and oversee financial planning, budgeting, and forecasting processes.
- Provide insightful analysis on financial performance, trends, and KPIs to support strategic decision making.
- Prepare and present accurate and timely financial statements, including profit and loss statements, balance sheets, and cash flow statements.
- Ensure compliance with relevant accounting standards and regulations.
- Monitor and manage cash flow to ensure adequate liquidity for day-to-day operations and growth initiatives.
- Establish and maintain robust internal controls to safeguard company assets and ensure accuracy of financial records.
- Identify and mitigate financial risks through proactive analysis and appropriate strategies.
- Work closely with external tax advisors to ensure compliance with local, state, and federal tax regulations.
- Optimise tax strategies to maximize financial efficiency.
- Evaluate, implement, and manage financial systems and tools to streamline processes and improve reporting accuracy.
Email should have the subject line - #company_name | Financial Controller Application
Frequently Asked Questions
- Establishing an ESOP pool results in a reduction of the percentage of ownership for all current shareholders.
Creating a 10,000-share option pool in a company with 100,000 shares reduces your ownership from 100% to about 90.91% (100,000 out of 110,000 total shares).
- A larger pre-money option pool means lower post-money ownership for founders. If an existing option pool is deemed inadequate, investors might request its expansion to cover future hiring needs until the next funding round.
The average size of an Employee Stock Option Pool (ESOP) typically ranges between 10% to 20% of the company. This range can vary depending on several factors, including the stage of the company, its hiring plans, and negotiations with investors and shareholders.
- Seed Stage:10-15 %
- Series A and B:7-10%
- Seed C,D&E stages - Max limit is 7.5%
It is generally observed that the typical size for an option pool can be up to 20% of the stock of the company.
- Seed Stage: Ideal for attracting early talent when cash is limited. ESOPs compensate for lower salaries with equity potential.
- Series A/B Stage: Useful for retaining key employees and aligning their interests with the company's growth, as financial resources improve.
- Later Stages (Series C and beyond): As the company stabilizes and grows, ESOPs shift towards rewarding long-term performance and retaining top talent in a more competitive environment.
By offering stock options, startups can incentivize employees with the potential for future financial gains as the company grows, aligning employee interests with the company's success. This approach is particularly effective in the early stages when preserving cash flow is crucial for the company's development and growth.