SVP, Chief Accounting Officer



Accounting & Finance
Boston, MA, USA
Posted on Thursday, October 5, 2023

Chief Accounting Officer
The Chief Accounting Officer is a critical member of Rapid7’s finance leadership team and the broader enterprise-level senior leadership group, positioned to influence and help implement the company’s long-term strategy. Rapid7 is seeking a strategic Chief Accounting Officer who is not only skilled at managing the company’s internal controls; they must also have the ability to strategize and anticipate emerging business needs and work with internal customers to identify business solutions that support our strategic objectives.

About the Team
The Chief Accounting Officer will lead an organization of approximately 40 direct and indirect reports and oversee and direct all aspects of accounting to ensure accurate and timely monthly, quarterly, and annual reporting both internally and in accordance with SEC financial reporting requirements.

About the Role
Rapid7’s Chief Accounting Officer will be responsible for the management of the company’s accounting function, maintenance of all accounting records, designing and implementing the company’s system for internal controls, and preparing all SEC, tax and other regulatory filings. The role reports directly to the Chief Financial Officer and has regular interaction with the Chief Executive Officer and the Chair of the Audit Committee of the Rapid7 Board of Directors (“Board”), frequently making presentations to the Audit Committee. They must be able to build robust relationships with executive, operational, and financial leaders to ensure optimal financial reporting, insightful analysis, and effective risk assessment. The ideal candidate is a strong, technical financial controller of a public technology company, with experience in closing cadence, process improvement, systems conversions, internal controls, management of accounting functions, and credibility with auditors.

In this role, you will:

  • Work closely with business leaders to continue to scale end-to-end business processes, systems, and financial controls in support of the future growth of the Company. This includes leading, evaluating, and executing on corporate initiatives including M&A in the areas of due diligence and post-merger integration activities, capital structure reviews, new product development, and system implementations.

  • Build and scale offshore capabilities for transaction processing and other accounting and finance functions

  • Actively involved in the financial community with a network of external resources to keep abreast of current trends and best practices in the industry

  • Streamline core processes to drive efficiencies in monthly close and financial consolidation.

  • Partner with internal teams to establish and monitor yearly financial initiatives and goals that align with the company's plan for growth and expansion. This will include assisting in the design and implementation of short term and long term incentive plan targets i.e. company annual bonus plan and Equity plans (RSUs and PSUs.)

  • Effectively lead and develop a team by retaining and hiring top-tier talent; develop performance and career development plans that drive growth and innovation.

  • Partner with the Internal Audit team to ensure an effective system of internal controls and SOX compliance in partnership with functional teams across the enterprise.

  • Monitor emerging U.S. GAAP, IFRS and SEC developments, including participation in outreach with industry peers, and providing guidance to management of potential changes in accounting regulations or practices which may impact operations and reporting.

  • Oversee a comprehensive financial reporting system to provide relevant information to management and shareholders to drive informed decision-making.

  • Work closely with FP&A to understand variances to the prior year period and current year budget/Outlook in revenues, expenses, balance sheet and cash flow items.

  • Partner with the independent auditor (KPMG) in the performance of the quarterly reviews and annual audit, negotiating audit fees as necessary.

  • Experience at managing all aspects of of the CAO organization: accounting & reporting, tax, SEC reporting and compliance, transaction processing, payroll, internal controls

  • Collaborate with tax advisors and internal teams to develop tax strategies that minimize the company's tax liabilities while ensuring compliance with applicable tax laws and regulations.

  • Oversee the preparation and submission of accurate and timely tax filings, including income tax returns, sales tax filings, and other tax-related compliance requirements.

The skills you’ll bring include:

  • At least 20 years of progressive corporate accounting and controllership experience, including a minimum of 15 years of people management and leadership experience.

  • A proven track record of U.S. public company internal control and reporting requirements; excellent technical accounting and financial and analytical abilities, including strong knowledge of U.S. GAAP and Statutory accounting.

  • Experience developing strong relationships with business partners, auditors, executive staff, and the Audit Committee.

  • Previous experience implementing process improvements and automating manual processes and/or improving and enhancing systems.

  • Ability to build relationships with, prepare materials for, and present to a public company Board of Directors.

  • Strong communication skills with a results-oriented, collaborative leadership style; proven track record of developing effective teams.

  • CPA license

  • Big 4 accounting experience preferred.

  • Bachelor’s degree; Advanced degree such as an MS or MBA preferred.

  • Previous work experience within the High Tech, SAAS industry is preferred.

We know that the best ideas and solutions come from multi-dimensional teams. That’s because these teams reflect a variety of backgrounds and professional experiences. If you are excited about this role and feel your experience can make an impact, please don’t be shy - apply today.

About Rapid7

At Rapid7, we are on a mission to create a secure digital world for our customers, our industry, and our communities. We do this by embracing tenacity, passion, and collaboration to challenge what’s possible and drive extraordinary impact.

Here, we’re building a dynamic workplace where everyone can have the career experience of a lifetime. We challenge ourselves to grow to our full potential. We learn from our missteps and celebrate our victories.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, protected veteran status or any other status protected by applicable national, federal, state or local law.