Background

Telet is a new breed of UK Mobile Network Operator. A full operator member of the GSMA, they run a 4G and 5G mobile network, focused on improving mobile coverage in rural “Not Spots” and on private networks for business, industry and public services. It’s a no brainer as everywhere needs coverage, but it’s not so easy to deliver. Telet is transitioning from a research and development company into a full commercial build, with its revenue generating activities migrating from being bespoke & consultancy lead towards an “off the shelf” product driven business. Their objective is to bring Private 5G networks to market into Holiday Parks such as caravans, motorhomes, static homes and camping. You can learn more about the company here. 

To determine a pathway to profitability, Telet now wants to hire a fractional Finance Director to provide forward-looking strategic finance support. This will involve working alongside the CEO and leadership team to advise on how to grow the existing £500k yearly revenue, while supporting a fundraise of around £5m in 2024 through investment and/or alternative finance solutions. There is a professional (full-time) Finance Manager to support this work. You would also be actively involved in managing external stakeholders, such as investors, lenders, lawyers and outsourced accountants.

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. 
• Identifying and quantifying opportunities and risks, then taking tangible actions to support the former and mitigate the latter.
• Drive a focus on profitable revenue generation activities.
• Lead the next round of financing/ fundraising.
• Any ad-hoc responsibilities as needed. 

Requirements:

Essential:

• 10+ years experience with 4+ years experience leading a finance team in a complex mid-sized business.
• Experience working with R&D focused founders in a complex technical environment.
• Has driven profitability through revenue growth in multiple medium sized organisations.
• Demonstrable track record of building financial systems from scratch and turning data into actionable insights.
• Seed or Series A fundraising experience.
• High EQ & IQ.

Desirable:

• Industry-specific degree and/or experience - for example in technology or telecommunications (to support the productisation of services).
• Successful track record as a fractional consultant/portfolio professional.
• Qualified accountant, MBA or other professional qualification.
• Significant experience in a fast-paced start-up/scaleup environment.

Time Requirement:

The role is estimated to be 2-3 days per month, though this might trend upwards as the company continues to grow.

Location

This is a remote role working primarily from home, though the company does have an office in London and is planning another in Bath. Some face-to-face meetings will be required.

Remuneration:

Remuneration will depend on your fit with the role, but is likely to be £80-150 per hour (£600-1,200 per day) depending on experience. 

Next Steps

If interested and suitable, please apply below. 

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