Our retained client, founded in 2016, provides leading global brands with lifecycle management solutions for technology assets and in only a few years has assembled a blue-chip list of international customers. As the business continues to grow and reaches its next level of organizational maturity, we are looking for an experienced CFO with a strategic mindset, exceptional leadership skills, and excellent communication skills. The ideal candidate is capable of quickly building a trusted relationship with the CEO and key leadership in the company.
The Chief Financial Officer (CFO) will be responsible for overseeing and directing all financial activities of the company. This includes financial planning, budgeting, forecasting, financial analysis, risk management, treasury and ensuring compliance with regulatory requirements. The CFO will work closely with the CEO and executive team to develop and execute the company's financial strategies and contribute to the overall success of the organization.
Functional Skills and Requirements
GAAP Accounting and Financial Reporting
1. The CFO is responsible for providing stakeholders with accurate and reliable financial information. The CFO must have an intimate knowledge of the three financial statements (income statement, balance sheet, cash flow statement) and have the technical capability to direct the accounting staff and comply with all federal, state and local reporting requirements, in accordance with GAAP.
2. Lead and manage the annual external audit process in a timely and frictionless fashion.
3. Establish process and systems to compile/publish the monthly reporting package, and Dashboard. Present at meetings with equity owners and link results to business drivers and outlook (ensuring that presentation isn't just "look back and explain").
FP&A
1. The CFO is responsible for all forward-looking financial information including budgeting and forecasting, etc., including stress testing and refinements as new information becomes available.
2. Maintain a rolling 13-week by week cash flow forecast (updated weekly) and 52-week by month cash flow forecast (updated monthly). For all three financial statements, maintain three-year forecast that is updated quarterly.
3. CFO maintains a focus on profitability (positive EBITDA and operating cash flow) at all times, including the cash conversation cycle and Working Capital.
4. Develop a clear understanding of business drivers and KPIs behind the numbers. Ability to work with business units to set financial goals and evaluate scenarios in changing external market/macro environment.
5. Act as a thought partner to the CEO, board of directors and senior leadership team to enable strategic decision making with appropriate financial analyses.
6. Partner with the CEO and HR function to assess financial viability of compensation schemes.
7. Build and manage a team that is able to support senior management decision making, including special initiatives.
Controls
1. Ensure compliance with firm-wide accounting standards and operational practices across the firm, in accordance with GAAP.
2. Set and enforce firm-wide policies (e.g., T&E, capital spending, vendor terms) that control costs, CapEx and working capital usage while enabling the growth and success of the business.
3. Strike the right balance between empowering the front line and maintaining a strong control environment.
Tax
1. Ensure that booking/flow of earnings are conducted in a timely and tax-efficient manner.
2. Ensure compliance with federal, state tax and VAT requirements, leveraging third parties as appropriate. Ensure preparation of K-1 filings in a timely manner.
M&A
1. Take ownership of positioning the company for a change in ownership by a) ensuring all the financial information is accurate and well presented, b) the value creation and future growth story is well articulated.
2. Work with their advisors in the run-up and during an eventual sale process.
Risk Management
1. Manage company insurance policies, renewals, and negotiations for property, casualty, liability and D&O policies.