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Fractional Director of Finance And Accounting

Frak Finance
Chicago, IL Contractor
POSTED ON 3/31/2025
AVAILABLE BEFORE 4/29/2025

About Frak Finance

Frak Finance is a specialized financial services firm working with small to mid-sized businesses generating between $5M and $50M in annual revenue. We offer a wide range of services including fractional CFO support, bookkeeping, audit prep, M&A guidance, financial HR advisory, risk management, and tax planning strategies. Interested candidates should submit their resume to apply. Qualified applicants will be invited to a 15-minute intro call as the next step.


Position: Director of Finance

Role Summary

We’re looking for a Director of Finance to lead the finance and accounting functions of a hospitality concept. This position works closely with the CFO to shape and execute financial strategy, ensuring smooth day-to-day operations while guiding a small internal team across Finance, AP, and Payroll.


The ideal candidate will combine strategic thinking with hands-on execution—balancing long-term vision with the details that keep things running daily. You’ll be a key voice in leadership discussions and help foster a culture of accountability, growth, and financial clarity.


What You'll Need to Excel At

  • Financial Accounting
  • Management Accounting
  • Financial Analysis
  • Forecasting & Budgeting
  • Strategic Planning
  • Cash Flow Oversight
  • Leadership & Team Development
  • Data-Driven Decision Making


Your Core Responsibilities:

Cash Flow Management

  • Monitor daily cash positions across all business entities
  • Maintain and update rolling cash flow forecasts
  • Approve bi-weekly payment runs and assist with investment planning alongside the CFO

Accounting & Financial Reporting

  • Oversee monthly close process and reporting for leadership, sales, ops, and stakeholders
  • Guide accounting staff on cash activity reconciliations
  • Prepare timely and accurate reporting for internal use and ad-hoc analysis
  • Leverage Restaurant365 for reporting, payables, and vendor relations

Operational Finance Oversight

  • Ensure compliance with tax filings and payroll
  • Manage insurance policies and entity-specific licensing

Planning & Budgeting

  • Lead the annual budget cycle across entities
  • Perform rolling reforecasts to keep pace with real-time changes
  • Drive process improvements that lead to stronger financial performance

Team Leadership

  • Manage and mentor a three-person finance team (Bookkeeper, AP Manager, Payroll Manager)
  • Step in as backup for Payroll and AP when needed
  • Create a learning-oriented, high-performing finance culture


What We're Looking For

  • Bachelor’s in Finance, Accounting, or Economics (MBA or CPA a plus)
  • 8–10 years of finance or accounting experience
  • Advanced Excel skills
  • Background in financial modeling
  • Restaurant industry experience preferred
  • Comfortable closing the books quickly and accurately
  • Strong analytical mindset with problem-solving instincts
  • Track record of managing financial operations, labor, and planning costs
  • Ability to manage multiple projects under tight timelines
  • Excellent communicator who can motivate teams and drive results


Location & Travel Expectations

  • Role requires at least 1 day of on-site presence weekly, with a preference for 2 in-office days—even if working across other projects or clients.

Salary : $5 - $50

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