What are the responsibilities and job description for the Chief Financial Officer (Outsourced Services) position at Preferred CFO?
Chief Financial Officer
(Outsourced Services)
JOB TYPE: Full-Time/Part-Time
JOB LOCATION: Utah (virtual work from home office and visit client locations)
CATEGORY: Finance and Accounting
JOB SUMMARY:
Preferred CFO is an outsourced/fractional CFO firm providing premium finance and accounting assistance to growing and emerging companies. We are seeking an experienced individual to assume the outsourced CFO position for a select group of our existing clients. This position delivers part-time/fractional CFO services to a variety of companies simultaneously. Being a key team member for several different clients provides the CFO with the opportunity to deliver immediate results and influence meaningful impact within the assigned client companies. As a trusted advisor to the executive management teams within these companies, the CFO oversees the tactical finance and accounting function within the company from a high-level, while providing practical, strategic, CFO-level guidance and oversight focused on maximizing and uncovering value and mitigating potential risk.
ESSENTIAL FUNCTIONS:
- Oversee the work of the controller and senior accountant assigned to the client
- Assist with month-end reconciliation workbook, as required
- Provide monthly financial reporting package to client each month (no later than 10th day following month end)
- Create and maintain a robust financial forecast and budget (expected to master the PCFO forecasting tools and methodology)
- Create and maintain a 13-week cash flow forecast
- Meet with the client regularly to review in detail the monthly reporting package and the forecast
- Provide clients with strategic insight into the financial performance of the company
- Analyze financial statement trends and KPIs and make recommendations for client actions to address insights from such
- Develop strong working relationships with clients and other stakeholders
- Suggest and implement operational best practices within the finance and accounting department
- Employ good, sound judgment and become a trusted advisor within the company
- Develop and manage financial controls in accordance with the company's procedures
- Generate qualified leads for future engagements by networking with other professional trusted advisors
QUALIFICATIONS:
- Bachelor's degree in accounting or finance required (CPA, MBA or MAcc a plus)
- 2 years of CFO experience (will coach the right candidate with controller only experience)
- Advanced working knowledge of GAAP accounting
- Strong understanding of forecasting methodologies
- QuickBooks knowledge
- Strong financial analysis abilities
- Advanced Microsoft Excel skills required
- Ability to plan, direct, and control the strategic accounting function for multiple client companies at any given time
- A decisive individual who possesses a "big picture" perspective and is well versed in implementing and maintaining effective accounting controls and systems
- Ability to analyze existing operations and recommend and implement both revised and new policies, procedures, and systems
- Willing to travel to local and regional client locations (out-of-state travel is very limited)
- Exceptional ability to motivate, coach, and develop junior accounting professionals
- Impeccable communication and interpersonal skills
- Ability to present reports accurately and concisely to the assigned CFO and/or executive management team
- Unquestionable business ethics and personal integrity
