Company Background:
Our client (the “Company”) is a leading consumer services provider, operating in multiple markets across the US. Additionally, the Company operates in a highly fragmented sector, presenting numerous attractive Investment opportunities.
Backed by well-known PE investors, they are seeking an experienced CFO to provide leadership for the finance and accounting team.
Role Overview:
The CFO will be a strategic partner to the CEO, engaging directly in the formulation and execution of the company's growth strategy. In this role, the CFO will be responsible for building and sustaining a high performing accounting and finance function that enables growth through optimal financial execution and utilization of capital. The CFO will oversee accounting, finance, FP&A and capital markets activities of the company.
Key Responsibilities
The CFO will build and maintain a scalable accounting and finance function, establish or enhance critical processes, recruit and hire high quality talent and collaborate with other leaders to execute the company's strategy.
Key responsibilities include:
- Build and scale a high-quality team that delivers excellence in accounting and finance policies, practices and processes
- Establish operationally excellent and compliant accounting processes
- Establish and sustain a financial infrastructure that delivers data, KPIs and insights to enable managers to effectively run and expand the business
- Maintain and drive focus on cash flow management
- Establish and drive long-term financial plans and annual budgets that align leaders and focus activity
- Ensure timely, accurate and insightful performance reporting for the company, its private equity sponsor, lenders, and Board of Directors
- Establish and manage effective forecasting and capital planning processes that adapt to change in markets, opportunities, and performance
- Establish and maintain an efficient and effective capital structure including exploring various sources of public or private financing and attractive structures that match the company's stage of grow
- Deliver analyses and insights that enable the company to continuously improve cost efficiency, profitability, and achievement of goals
- Maintain effective banking, vendor, and other relationships (e.g., advisors) that support the companies near-term and longer-term needs
- Implement financial discipline across the organization including cash forecasting and management, expense management, business case development (for requested initiatives) and performance management
- Directly support and enable the company's M&A efforts
Professional Qualifications
- Proven track record of operational success as a CFO and senior leader of a growing business
- Multi-unit, multi-geography experience in a consumer services or broader services industry
- Multiple years of experience as a CFO with responsibility for overseeing accounting, FP&A, treasury, and capital markets
- Strong expertise in capital planning and capital markets – raising equity and debt, divesting assets, etc.
- Outstanding knowledge of GAAP, IFRS, compliance and external reporting
- Successful track record enabling acquisitions and effective integration of acquired businesses
- Public company experience is a plus
- Strong verbal and written communication and presentation skills
- Demonstrated ability to lead with confidence and executive presence
- Significant experience working with external auditors and other 3rd parties (e.g., bankers, consultants, vendors, etc.)
Education and/or Competencies
- Bachelor's Degree in accounting or finance
- CPA required
- MBA is preferred
- Experience successfully leading the strategy and operations functions of a multi-location organization
- Blend of professional experience with strategy, sales and marketing, M&A and operations preferred
- Proficient in utilizing data analytics and benchmarking systems to effectively oversee and stimulate growth across various locations and markets
- Excellent analytical, reasoning, and problem-solving skills
- Outstanding communication and presentation skills
- Prior experience working with a private equity investor (preferred)
Personal Characteristics
- Strong critical thinker with analytical skills and an ability to influence and make strategic and tactical decision through use of data, analysis, and experience
- Strong leadership skills to guide and inspire an organization, especially through periodic market uncertainty and change
- Willingness to embrace new technologies and innovative approaches
- A sense of humility and self-awareness
- Professional and emotional maturity
- “Hands on” leader with a sense of urgency