Background

Molendotech spun out of the University of Plymouth in 2018 from the research of Professor Simon Jackson, founder and CSO on novel technology for a sustainable environment and health. Having developed rapid assays the company has just launched its first product BacterisK+ which is being commercialised and supporting water utilities to track pollution and support decision making (currently a hot topic). 

The Role

With both technical and commercial momentum, Molendotech now wants to hire a fractional CFO to help the organisation expand in the water market and potentially enter into other markets such as healthcare, while preparing for a possible acquisition from suppliers. This will involve working alongside the CEO & leadership team to understand the business strategy, plans, opportunities and threats, then provide financial guidance, along with all financial support.

Key Responsibilities

• Own finance and management information, with the right information going to the right managers in order to optimise decision-making.
• Manage company data, insights and KPIs – from data strategy to data gathering, plus organising and generating insights for board review. 
• Identifying and quantifying opportunities and risks, then taking tangible actions to support the former and mitigate the latter.
• Drive efficiency and frugality throughout the business, including with suppliers, e.g. outsourced manufacturers.
• Recruit and retain a world-class finance team.
• Design & manage stock option plan.
• Support a potential fundraise if profitability doesn’t come fast enough.

Requirements

Essential:

• Smart and hungry with impressive financial qualifications or background
• Significant experience in a fast-paced startup/ scaleup environment.
• Demonstrable track record of building financial systems from scratch and turning data into actionable insights.
• Understanding of stock and equity pools.
• Industry-specific degree and/or experience - particularly in selling to utilities or other bureaucratic industries. 
• Fundraising experience.
• High EQ.
• High IQ.

Desirable:

• 10+ years experience with 4+ years experience leading a finance team in a complex mid-sized business.
• Experience as a COO or in a senior Operations role.
• Successful track record as a fractional consultant/portfolio professional.
• Qualified accountant, MBA or other professional qualification.
• Significant experience in a fast-paced startup/ scaleup environment.

Time Requirement

This is estimated to require one day per week, though that might trend up as the company gains momentum.

Location

This is a hybrid role with some travel required to Cambridge for face-to-face meetings with the team. 

Remuneration

Remuneration will depend on your experience, but is likely to be £750-1,000 per day. If this becomes a long-term commitment, stock options and bonuses are also possible on top of this.

Next Steps

If interested and suitable, please apply below. 

Also ensure that your TPC profile is complete, as - if suitable - we will share your profile link with the client.