CFO - Oak BrookPLACEHOLDERIL

Korn Ferry • oak brook, il, us • 3d ago

Korn Ferry has partnered with our client on their search for the role, VP Finance/CFO.

POSITION SUMMARY

The Chief Financial Officer (“CFO”) will lead the Finance and Accounting functions and serve as an integral member of the Executive Committee as the business continues to grow and scale. This critical position ensures that financial strategies, operations, and initiatives support the mission and objectives. The CFO will serve as a strategic, collaborative and business-minded partner to the Managing Partner and the Executive Committee.

This pivotal role will shape the financial health and direction of the organization, provide strategic vision, leadership, mentoring, planning, oversight and direction to the accounting and finance teams and the company as a whole, through both a strategic yet pragmatic and hands-on approach. The CFO will set the appropriate vision and strategy for the team, and will implement programs, policies and initiatives that advance the organization’s culture. This role will also possess the motivation, skills and experience to foster a culture of collaboration between the finance and accounting teams and other functions internally within the company. The individual will also be an integral contributor to the broader strategic revenue management and development of the business.

KEY RESPONSIBILITIES

Demonstrate an unwavering commitment to the core values of the firm and ensure the same level of standards within the Finance team.
Take ownership of the financial performance of the Company; close oversight and management of working capital and capital expenditures; manage debt levels; tax management; budget management; and provide decision support for resource allocation/management.
Prepare budget to actual reports, review results; investigate and interpret unusual trends and variances to forecast.
Accountable for standard financial statements, including balance sheet, P&L, and statement of cash flows for monthly reporting and board meetings.
Oversee the accounting function, including payroll, revenue management, payables, A/R and A/P, taxes, systems and controls, and maintain timely monthly reporting in compliance with US GAAP.
Analyze operating and financial results by contract; spot trends and opportunities and develop alternatives for improvement; champion business case for change when needed.
Take ultimate responsibility for cash management and associated policies.
Provide leadership and direction to ensure that the development of financial plans, management reporting packages, relevant financial management information, accurate accounting systems, and financial controls align with the strategic business plan.
Manage appropriate balance sheet forecasting to ensure compliance with current and future debt covenants; identify and mitigate potential compliance issues; and work closely and effectively with lenders as needed.
Ensure the financial systems are robust, compliant and support current activities and future growth.
Oversee and recommend efficient use and implementation of accounting and billing systems and controls.
Manage relationships with the accounting, finance, banking, and insurance vendors.
Responsible for expert vendor, client contract and management negotiation.
Maintain proper GAAP accounting principles, practices, and procedures.
Develop a highly capable team of skilled financial professionals, and be responsible for the overall direction, coordination, and evaluation of the function.
Prepare financial reporting and presentations for quarterly Advisory Board meetings.
Review and analyze monthly financial results and provide recommendations.
Assist with Company related legal actions and review contracts to minimize liability exposure.
Other duties as assigned.

Strategy:

Represent the executive team as a strategic partner related to accounting and finance.
Responsible for taking on a leadership role in financial decision-making that affects the company and providing strategic financial input to senior management.
Present financial reporting, forecasting and financial results, as well as risks and trends.
Analyze financial results for the purpose of long-term growth, profitability and meeting strategic trends and objectives.
Actively participate in the development and implementation of the company’s strategic plan to advance the company’s growth, profitability, and balance sheet objectives.
Create and design multi-year financial growth plans for the business while building corresponding budgets and financial key performance metrics.
Communicate with auditors and key consultants, as appropriate.
Provide guidance and assistance in identifying key drivers to financial and business success.
Responsible for collaborating with the CEO to ensure the Company’s overall financial health metrics are met; develop recommendations for how to best invest in the company's future growth, taking into consideration the business strategy, risk, and liquidity.
Provide strategic analysis, due diligence, and integration modeling of selected targets in conjunction with the executive team.
Develop strong partnerships with peers to support the CEO from a strategic planning, forecasting and operational execution perspective.

Financial Management:

Prepare and present monthly financial budgeting reports including monthly profit and loss, forecast vs. budget, and weekly cash flow by client/program.
Partner with the Managing Partner to manage the company’s banking relationships and organizational cash flow by working in partnership with the senior management team to initiate appropriate strategies to enhance cash position and liquidity.
Prepare monthly and quarterly reporting as required by the company’s bank(s) to ensure full compliance with obligations under the facility agreements.
Manage the company’s audit relationships and ensure timely completion audit related activities.
Identify, develop, and execute analysis of business initiatives and/or new service offerings.
Develop and maintain monthly operating budget and annual company operating budget.
Manage financial planning and analysis; supervise creation of reports and tools for budgeting and forecasting.
Perform product and customer profitability analysis.
Ensure payroll is processed accurately, timely and in compliance with all federal, state, and local law.
For potential M&A initiatives, provide a lead role in due diligence, financial analysis, and negotiation.

Leadership:

Ensure the proper functioning of all systems, processes, and reporting. Maintain that the accounting, financial systems, and data are meeting quality and integrity measures.
Analyze and manage all accounting, pricing, and transactions.
Review and ensure application of appropriate internal controls, and financial procedures, audits are conducted, and deficiencies are remediated.
Ensure timeliness, accuracy of financial, and management reporting data for executives, investors, and the Advisory Board.
Drive a culture of financial accuracy, accountability, and service to the company by overseeing the preparation and communication of weekly, monthly, and annual financial statements and collaboratively harmonizing processes.
Develop best practices for all financial and accounting systems, processes, tools, and control systems.

PROFESSIONAL EXPERIENCE AND QUALIFICATIONS

Qualifications and Experience:

15-20 years total accounting or finance experience, including management and oversight of various components of a business’ finance function.
Private Equity experience strongly preferred.
Experience as a CFO in a private company or division CFO or Finance lead within a private or PE backed company.
Proven track record in successfully evaluating, building, mentoring, and managing high performing, customer centric Accounting & Finance Teams.
Demonstrated leadership ability, confidence, and executive presence – ability to grow, mentor and motivate staff.
Experience successfully leading through significant growth by maturing systems, processes, and teams.
Exceptional cross-functional collaboration skills and desire to partner across the organization.
Strong accounting skills; experience overseeing the full range of accounting functions, including strong understanding of GAAP and the preparation and analysis of financial statements and cash management.
Experience assessing, implementing, and iterating on financial processes, controls and implementing new technology tools that will give the business stronger visibility into real-time KPIs that reflect the current state of the business.
Outstanding working knowledge of finance, accounting, budgeting, and cost control principles.
Strong experience with automated financial and accounting reporting systems.
Experience partnering with the leadership team to evaluate and implement pricing strategies for new products using internal/historical data.
Significant experience working with external auditors, internal controls, and compliance-related issues.
Excellent analytical, reasoning, and problem-solving skills.
Outstanding communication and presentation skills.
Ability to work independently and with a “roll up your sleeves” approach.
Highly entrepreneurial with the ability to adapt to a nimble fast-paced, fast-growth environment.
Strong relationship management, influence, and consulting skills with proven ability to build trust across a diverse population of leaders and stakeholders.