What are the responsibilities and job description for the Chief Financial Officer position at Confidential?
An energy company based in Richmond, VA is searching for an experienced Chief Financial Officer to join our team of high-performing professionals and keep our financial health positioned for continued growth. The CFO will have a day-to-day, ongoing impact on company operations, helping us to analyze, strategize, collect and report, and grow our financial position. This leader will understand current accounting practices and trends, controls and processes designed for rapid scaling, and dynamic ERP solutions. As a member of the executive team, the CFO will be comfortable in a leadership role that requires clear and effective communication skills.
Objectives:
- Oversee all cash management, budgeting, forecasting, and financial reporting, and help drive the company’s financial strategy.
- Ensure strong expense and project controls and profitability, with appropriate reporting to functions across the organization to enable insights and management of key objectives.
- Report results and key strategies to the board of directors.
- Coordinate development of annual operating, capital, and program budgets, as well as reporting for the same.
- Ensure cash flow is compatible with operations by overseeing day-to-day accounting, recording, reporting, and internal-control activities of the organization.
- Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, project coordination, cross-team communications, and workflows.
- Comply with national and local financial requirements by studying existing and new regulations and taking appropriate action.
- Establish relationships with financial executives of key customers and partners to ensure flawless invoicing, collections, financing, and other needs.
- Communicate appropriately across the organization regarding KPIs, financial metrics, and health, from the shop floor to the executive team.
Responsibilities:
- Financial Operational Reporting: Develop and maintain robust financial reporting systems to provide accurate and timely financial information. Oversee the preparation of monthly, quarterly, and annual financial statements, ensuring compliance with US GAAP.
- Strategic Financial Planning: Collaborate with senior management to develop long-term financial strategies and business plans. Provide financial insights and recommendations to support growth initiatives and operational efficiency.
- Risk Management: Identify and mitigate financial risks through effective risk management strategies. Ensure the company has adequate insurance coverage and contingency plans in place.
- Fundraising Leadership: Spearhead the organization’s fundraising efforts by developing and executing comprehensive capital-raising strategies, building relationships with potential investors and financial institutions, and ensuring alignment with the organization’s long-term financial goals.
- Strategic Problem-Solving: Utilize analytical skills and industry knowledge to identify financial challenges and opportunities, providing innovative solutions and strategic recommendations to the executive team to enhance operational efficiency and drive sustainable growth.
- Cash Management Oversight: Oversee cash flow management, ensuring the organization maintains optimal liquidity levels while monitoring financial performance; develop and implement effective cash forecasting models to support short- and long-term financial planning.
- Capital Management: Oversee capital structure and manage relationships with investors, banks, and other financial institutions. Ensure optimal capital allocation to support business growth and operational needs.
- Regulatory Compliance: Ensure compliance with all financial regulations and standards, including tax laws, and internal policies. Stay updated on changes in financial regulations and implement necessary adjustments.
- Technology Integration: Leverage financial technology solutions to enhance financial processes and reporting. Implement and manage financial software systems to improve efficiency and accuracy.
- Leadership & Development: Mentor and develop the finance team, fostering a culture of continuous improvement and professional growth. Ensure the team is equipped with the necessary skills and knowledge to support the company's financial objectives.
- Mergers & Acquisitions (M&A) Due Diligence: Lead and manage all financial aspects of M&A activities, including due diligence, valuation, financial modeling, and integration planning. Ensure thorough analysis and risk assessment to support strategic decision-making.
Skills and Qualifications:
- 10 years in financial management in a company of equivalent size, with 4 years as a CFO or senior financial leader
- Master’s degree (or equivalent experience) in accounting, business accounting, or finance is preferred.
- Extensive experience in financial management, strategic planning, and leadership roles.
- Strong understanding of current accounting practices, trends, and ERP solutions.
- Excellent communication skills, with the ability to convey complex financial information clearly and effectively.
- Proven track record of managing financial operations in a rapidly scaling organization.
- Ability to develop and maintain relationships with key stakeholders, including financial executives of customers and partners.
Important Note:
If your qualifications match what we are looking for, a recruiter from our company will contact you directly. This role is managed internally and not through an outside agency.
Salary : $215,000 - $230,000