Vice President of Financial Efficiency & Zero Based Budgeting

Company Description

Zayo provides mission-critical bandwidth to the world's most impactful companies, fueling the innovations that are transforming our society. Zayo's 141,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. Zayo's communications infrastructure solutions include dark fiber, private data networks, wavelengths, Ethernet, and dedicated Internet access. Zayo serves wireless and wireline carriers, media, tech, content, finance, healthcare and other large enterprises.

Zayo is seeking a Vice President of Financial Efficiency & Zero Based Budgeting (VP-FE/ZBB) to be a key member of the Senior Leadership Team (SLT), reporting to the CFO (or designee). This role is responsible for leading the implementation and monitoring the Zero Based Budgeting program, as well as overall Financial efficiency and Cost Transformation to drive profitable growth and sustained best practices for Zayo.

Our Vice President of Financial Efficiency & Zero Based Budgeting is responsible for driving initiatives that will have both immediate short-term, and long-term transformational effects for the company. As a member of the Finance leadership team, this VP will interact closely with the Executive Leadership Team, and our Private Equity investors. The position will play a pivotal role in influencing the Company's profitability and our associated value creation.

*Our ideal candidate will reside in the Denver, CO metro area or be open to relocating. We're open to this role working in a hybrid capacity out of our Denver office (1401 Wynkoop).

Responsibilities:

Financial Efficiency & Cost Transformation and Zero Based Budgeting:

• Develop the ZBB program including: launch plan, implementation and ongoing monitoring and enhancements.

• Drive a process and culture that embraces justifying every expense from scratch, analyze cost drivers, identify potential cost savings, and collaborate with stakeholders to prioritize spending to drive growth

• Regularly (monthly, quarterly, and annually) monitor budget performance against targets, utilizing ZBB's rubric and tools, as well as other advanced variance analysis tools and AI, to ensure every dollar of income is allocated to specific expenses, from a "zero base" for each budgeting cycle.

• Prepare comprehensive budget reports for senior management, highlighting key performance indicators.

• Identify cost drivers within each department and analyze potential areas for cost reduction.

• Drive process improvement to enhance visibility of forecasting data required by FP&A teams and other stakeholders

• Generate ad-hoc data analysis to provide actionable insights for the Corp FP&A team to drive decision-making

• Provide analytics and actionable insights on the Zayo cost structure across all functional units in the company in collaboration with functional leads and finance support teams.

• Provide strategic guidance and financial expertise to senior leadership, contributing to the development and execution of budgets and the annual 5-year plan.

• Ensure compliance with financial regulations, accounting standards, and Zayo policies, while maintaining the highest standards of governance and transparency.

• Evaluate investment and capital allocation opportunities to drive expense, capital and cash efficiency to maximize shareholder value.

• Support the Executive Team with management reviews, and Investors with Q&A.

Management Reporting & Analytics:

• Identify, analyze and recommend improvements to key financial and operating metrics that drive value creation.

• Harness data analytics to generate actionable insights related to the Zayo cost structure across all functional units in the company in collaboration with functional leads and finance support teams to drive value creation and growth.

• Utilize advanced analytics techniques to identify trends, patterns, and opportunities for financial improvement.

• Collaborate with business stakeholders to develop data-driven strategies and initiatives that enhance our cost structure.

Strategic Impact:

• Lead directly and indirectly; guide others toward our shared goals.

• Influence multiple stakeholders at all levels in the business.

• Effectively cascade functional strategy and contribute to development of organizational goals.

• Accountable for actions that impact function or multiple department budgets.

• Full Company scope of responsibility for function.

Decision Making / Solutions:

• Empowered with authority.

• Leads to develop new methods and solve complex matters.

• Accountable to drive sustainable business improvements.

• Leads innovative, integrated and complex business discussions and solutioning.

• Guides emerging business solutions or decisions to scale the organization to reach strategic plans and objectives.

• Accountable to translate business strategy into functional plans and tactics that lead to execution.

• Effectively leads others to participate in corporate development of methods, techniques and evaluation criteria for projects, programs, and people.

• Manage directly or indirectly, a team of Finance professionals.

Communications & Influence:

• Shapes opinions, and negotiates with other leaders, establishes collaborative relationships across the business and with external organizations as required by the role.

• Influences senior leaders across the organization to think differently and implement best practices, while providing counsel and insights to peers and leaders within and across their Sub-function.

• Creates alignment, drives collaboration and partnerships across the function they are accountable for and more broadly across other Zayo functions.

• Partner closely with the business to ensure initiatives stay on track and deliver value on-time and on-budget.

• Craft and coordinate communication, planning, analysis and reporting on cross transformation.

Qualifications:

• Bachelor's degree with major course work in Accounting, Finance or Businessor related discipline.

• Minimum of 15 (fifteen) years' total experience with a minimum of 5 (five) years' direct FP&A experience, preferably working with technologies within the telecom. industry.Deep familiarity with financial accounting, modeling and analysis. Master's degree preferred.

• Zero Based Budgeting leadership experience across complex, matrix and global organizations and delivering results vs. goals/budgets, with year over year improvements in performance.

• Detail-oriented with excellent data analysis capabilities & strong analytical and problem-solving skills.

• Proven experience with financial modeling and budgeting tools.

• Knowledge of the content, intent and application of regulations, policies, standards, operations, and requirements applicable to the business function(s) under designated scope of authority.

• Knowledge of the principles, practices, regulatory requirements and policies applicable to budget administration, resource/expense control, employee supervision and performance management.

• Knowledge of the principles and practices of strategic business planning and continuous process/performance improvement.

• Knowledge of the concepts, practices and tools relating to financial analysis and the development of program metrics.

• Ability to collaboratively redesign work processes to affect labor, supply, and other operational cost reductions while maintaining or improving service and quality of end products.

• Ability to plan, manage and evaluate the work of subordinate staff.

• Ability to understand financial and/or operational reports, analyze data, identify improvement opportunities and implement effective responses.

• Ability to define problems, collect data, establish facts, interpret requirements and draw valid conclusions.

• Ability to express ideas and convey information effectively in verbal and written communication, and in presentations to leadership/management.

• Ability to develop and implement effective policies, standards and procedures relating to matters under defined scope of responsibility.

• Ability to identify compliance deficiencies and/or systemic weaknesses and implement timely corrective action to forestall or remedy.

• Ability to establish and maintain effective working relations as required by the duties of the position.

• Ability to use office equipment and automated systems/applications/software at an acceptable level of proficiency.

Estimated Base Pay Range: $230,000 - $255,000 USD/annually

#LI-AW1

#Hybrid

The base pay range shown is a guideline and reasonable estimate for this role. It takes into account the wide variety of factors that are considered in making compensation decisions. Actual compensation offered may vary from the posted range based upon geographic location, work experience, skill level, certifications, and other business and organizational needs. Non- sales roles may be eligible to participate in a discretionary annual incentive plan. Sales roles may be eligible to participate in a sales incentive plan.

Additionally, this position may be eligible for certain benefits, such as health insurance, life insurance, disability retirement plans, paid time off.

The posting will be active for a minimum of 3 days. The active posting will continue to extend by 3 days until the position is filled.

Benefits, Rewards & Wellness

• Excellent Health, Dental & Vision Insurance

• Retirement 401(k) Savings Plan

• Generous paid time off policy including paid parental leave

Zayo provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, provincial or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.