OHO Interactive Hiring for Vice President of Finance (REMOTE) Job at Remote Full Time

OHO Interactive is a digital agency with business lines in website redesign, website services, and digital marketing. OHO has 60 employees in 15 states. We seek to hire our first vice president of finance (who can live anywhere in the U.S). Apply by July 6.

Introduction to OHO
OHO primarily serves higher education clients, including St. John’s University, Dartmouth College, and Pace University. OHO also serves health insurers. Revenue this year will be $12M, up by 230% from 2017.We plan to reach $30M in 2028, including especially more work with health insurers. OHO is profitable, owner-run, stable, and debt-free.

OHO’s industry is known for chaos. Yet, of people working at OHO in 2017, fully 70% still are with us. OHO has developed processes and skills to forecast revenue accurately, match capacity with demand, and maintain steady profitability. OHO recognizes revenue carefully each month, based on actual progress toward completion. Project managers are revenue-aware and gross-profit-aware.

OHO has grown in depth and mastery. One manager says, “The challenge six years ago was delivering the work itself. Now, we are competent and amazing in all we do. The challenges now are our future strategy, the wellbeing of our people, and keeping the human element.” Compared to its peers, OHO offers employees distributed responsibility, access to relevant financial information, a flexible work life, remote work and no daily commute, respect for the needs of family members, trust and collaboration among employees (not a culture of competing superstars), low turnover, strong processes, financial stability, and appealing career paths.

The owners are Ed Hastings, president and final decision maker; Jason Smith, managing director and founder; and Stephanie Krol, vice president of operations. The executive committee also includes four others. The vice president of finance will join this committee.

OHO actively uses a set of interrelated software tools (QuickBooks, Mavenlink) and spreadsheets for reporting, revenue recognition, project management, sales pipeline, and business forecasting. A flowchart of how they relate to each other will be sent to finalist candidates.

Needed Impact and Responsibilities of the Vice President of Finance

• Manage the finance function, which today has a full-time person and a part-time person. Over time, add a controller and one or more accountants and analysts. Plan and implement, as appropriate, integrated software to replace the current array of tools.
• Generate the monthly income statement and balance sheet and all financial reporting and forecasting.
• Support directors and project managers in doing good forecasting and decision making. Show them where gross margin comes from and what could drive improvement. Help them do what-ifs. Keep project managers involved in revenue recognition and billing, but streamline their work.
• Establish decision rules for hiring. OHO is weary of ad hoc opaque hiring decisions.
• Manage annual planning, working with Ed for a top-down version and Steph and others for bottom-up.
• Work with Ed to manage HR, banking, and tax.

We are open to candidates who can deliver these results. It’s likely that such candidates will have experience as a responsible financial person in a professional services business with revenue from fixed-price projects, hourly billing, and annual contracts. We especially value your experience engaging deeply with the management team around utilization, pricing, hiring, revenue recognition, forecasting, and profitability. Experience in a digital agency or web development shop is a plus, as is experience in the higher education and health insurer verticals.

Next Steps
The vice president will report to Ed Hastings, President. The annual compensation is $130K to $160K base plus a profit-based bonus. Benefits include 401(k) and match, four weeks of vacation, and nine holidays.

Jim Johnston (Johnston Company, Lexington, Massachusetts) is managing this search and wrote this article.

**If this role is a match for you, please send your resume and a letter written specifically for OHO to the email listed by July 6, 2022. Later submissions will be considered if possible.

OHO Interactive is an Equal Opportunity Employer

Job Type: Full-time

Pay: $130,000.00 – $160,000.00 per year

Schedule:

• Monday to Friday

Work Location: Remote