Chief Financial Officer (CFO)

Cvent, Inc. (www.cvent.com) is the market leader of on-demand event management software and strategic meetings management solutions. Founded in 1999, Cvent is an 850-person, profitable and growing technology company headquartered in McLean, VA with international operations. Cvent offers web-based software solutions for online event registration, event management, meeting site selection, email marketing and web surveys. 

Cvent is built on a Microsoft .net platform and is a Software-As-A-Service (SAAS). Cvent has invested $25 million developing our products and has built a customer base of over 7,500 organizations worldwide. Representative customers include KPMG, Rolls Royce, American Marketing Association, Walmart, ExxonMobil, Harvard University, United Way and Siemens. 

Job Description

This is a CFO position within a globally expanding, pre-IPO, cloud-based software company that recently raised $136 million for continued rapid growth and acquisitions. Headquartered just outside Washington, DC, Cvent is the world leader in online event management, meeting site selection and web survey solutions.

As a key Executive, the CFO is responsible for the financial, operational and risk management for the domestic and international operations of the company. This person will provide leadership in all the financial aspects of the business, including development of the annual and long-term budgets/forecasts, as well as providing analysis and commentary on the financial impact of operational and strategic initiatives of the company. The CFO will also provide leadership for human resources, including organizational development and design, legal and risk management matters as well as asset planning such as real estate and capex.  

Position Duties

·         Participate in key decisions as a member of the executive team

·         Maintain a constant, in-depth working relationship with the CEO and other senior executives

·         Oversight and broad management/​planning responsibilities associated with all areas of finance, accounting, tax, investment and treasury functions

·         Lead and manage annual and interim budgeting and forecasting cycles

·         Develop financial strategies by forecasting capital, facilities, and staff requirements, identifying monetary resources; developing action plans, manage budgets and develop tax and cash flow strategies; participate in continual improvement of the budgeting process through education of division managers on financial issues impacting their budgets

·         As part of the leadership team; identify, structure, negotiate and implement complex transactions including M&A, JVs, and partnerships critical to securing and enhancing the long-term growth

·         Lead/resolve operational activities including HR issues, contract and legal negotiations, office and facilities management, budgeting, compensation and bonus plans, and investor communication

·         Evaluate weekly, monthly and annual data and develop it into actionable metrics and recommendations; work with team leaders to increase efficiency and drive continuous improvement within different functional areas of the company Assure appropriate financial management technology platforms and systems are in place to sustain and expand a growth-oriented business that must accommodate double-digit annual growth​

·         Provide financial analysis as needed, in particular for strategic initiatives, capital investments, growth opportunities, pricing decisions and contract negotiations; provide financial input on decision-making issues affecting the company and its divisions

·         Manage the design of an organizational structure adequate for achieving the finance department’s goals and objectives

·         Manage banking, audit, investor, and other relationships

·         Understand and mitigate key elements of the company’s risk profile

·         Attend Board meetings and present reports

·         Perform other projects and duties at the request of the CEO and/​or Board of Directors 

Candidate Requirements

·         Prior experience as a CFO of a public company with at least $100m in revenue, preferably within the technology or SaaS industries

·         Operations experience including HR, procurement, Information Systems and Legal

·         Must be located or willing to move Washington, DC area

·         The ideal candidate will have SaaS, Cloud and/or recurring revenue experience in a business that has scaled smoothly and effectively at an aggressive compound growth rate

·         A high level of intensity to work with an experienced, motivated leadership team focused on creating a significantly sized company in a short timeframe

·         Entrepreneurial spirit/mindset, flexibility toward dynamic change, while providing stability to the financial planning process.

Company Overview

Cvent, Inc. (www.cvent.com) is the market leader in web-based event management and strategic meetings management software. We are an 850 person, growing and profitable software company headquartered in the Washington DC area. Cvent helps over 50,000 planners manage 275,000 events, surveys and marketing campaigns. Our users have sent over 850 million event invitations, processed $2 billion in online payments and managed over 30 million event registrations and responses using Cvent's software. The meetings industry is the 22nd largest industry in the U.S, and is valued at over $50 billion dollars per year. The surveying or market research industry is an $8 billion dollar per year market.

Company Background: We started the company in 1999 and currently have 850 employees worldwide. Based in McLean, Virginia Cvent has been consistently profitable for the past 24 consecutive quarters. We have grown 45% over the past 7 years and we are the only major company in our industry that is consistently profitable. We have a significant international operation and about 15% of the US staff will have an opportunity to go overseas on several-months-long assignments. Over the past 3 years, we sent over 75 US employees for short-term assignments in our international office.

Management Team: We have eleven people in senior management. We are very experienced in our particular areas as ten of the eleven members of senior management have been with the company since inception almost nine years ago. We are all in the early prime of our careers and most of us have advanced degrees (Harvard Business School, Wharton, Georgetown Law, and Duke Law). We believe in hiring people based on talent, not years of experience. We are motivated and very hungry to grow our company. We promote people on performance and we invest aggressively in our people.

Investors: We raised $17 million in venture capital in 2000 and just recently secured $136 million in funding from two premiere venture capital firms – NEA and Insight.  Other investors include institutional venture capitalists and angel investors such as the CEO of Nortel, CEO of Nextel, CEO of Bell Atlantic, CEO of AOL, and worldwide Chairman of McKinsey Consulting. We have over 30 publicly traded CEO’s who have personally invested in the company; we view this as an endorsement of the product and team.

Customers: Cvent has over 7,500 customers and 90,000 users in over 40 countries. Nearly 70% of our revenue comes from corporate customers. Approximately 30% of our revenue comes from associations, non-profits and universities. Representative customers include KPMG, The World Bank, Rolls Royce, American Marketing Association, Walmart, ExxonMobil, Yahoo, Harvard University, United Way, BMW, and Siemens.

Products: Cvent is built on a Microsoft .net platform and is a Software-As-A-Service (SAAS). We have invested $25 million in building our products and have run hundreds of thousands of events, millions of event registrations, and hundreds of millions of email invitations. Cvent offers a next generation product suite of Event Management (online registration, e-marketing, reporting, travel capabilities, and supplier sourcing), Web Surveys, and Email Marketing.

Awards: Cvent has received a number of recognitions for our strong company culture, consistent and impressive growth, visionary leadership, and investment in our employees. These include:

• Washington Business Journal’s Top 50 Best Places to Work in the greater DC area for 2009-2010 - This award recognizes the company’s achievements in creating a positive work environment that attracts and retains employees through employee satisfaction, growth opportunities, working conditions and company culture.
• Washingtonian Magazine’s 2009-2010 “Great Places to Work.”
• Deloitte & Touche ranked Cvent as one of the Fastest 50 Growing Companies in Virginia.
• Our CEO was just named 2009-2010 Ernst & Young’s Greater Washington Entrepreneur of the Year.
• Washingtonian Magazine just named our CEO as one of the 100 Tech Titans.

Training: Cvent invests heavily in our people. New hires have the unique experience of beginning employment together as a class.  During our 8 weeks of training they will learn about our company, our products, and our culture. New hires will have the opportunity to interact with senior management and participate in company sponsored social events.

Benefits: Cvent offers a comprehensive benefits package. We provide free healthcare, dental, and vision insurance as well as free long-term disability and life insurance coverage. We also provide a Fidelity 401K retirement savings plan. Employees receive 3 weeks of Paid Time Off (PTO), 8 holidays, and free parking. Cvent heavily subsidizes a Sport and Health Club membership. All employees receive stock options in the company. Cvent is an Equal Opportunity Employer.