What are the responsibilities and job description for the Chief Financial Officer position at ProSearch?
Chief Financial Officer (CFO)
Location: Freeport, ME
Job Summary:
Our client, a successful restaurant group in the Greater Portland area, is seeking an experienced Chief Financial Officer to add to their team. The CFO reports directly to the CEO and is a strategic leader responsible for overseeing all financial operations, ensuring fiscal responsibility, and driving the company’s financial success. This key member of senior management will play a crucial role in financial planning, risk management, budgeting, and strategic growth initiatives while maintaining a strong financial foundation to support the company’s expansion and profitability. The CFO will collaborate closely with the executive team to align financial strategies with business objectives.
Key Responsibilities:
Financial Strategy & Leadership:
• Develop and execute the company’s financial strategy to support growth and profitability.
• Provide financial leadership and strategic recommendations to the CEO and executive team.
• Oversee financial forecasting, budgeting, and long-term financial planning.
• Ensure the company maintains strong financial health and sustainability.
Financial Operations & Management:
• Oversee accounting, finance, and treasury functions, ensuring compliance with GAAP and regulatory requirements.
• Develop, implement, and monitor financial policies, procedures, and internal controls.
• Lead financial reporting, ensuring accurate and timely delivery of budget projections and financial statements.
• Manage cash flow, capital expenditures, and investment strategies.
• Optimize financial processes to improve efficiency and profitability.
Risk Management & Compliance:
• Ensure compliance with all financial, tax, and regulatory requirements.
• Develop risk management strategies to protect company assets and minimize financial exposure.
• Oversee audits, tax planning, and legal financial matters.
Business Growth & Strategic Initiatives:
• Support growth activities, including financial due diligence and analysis.
• Analyze market trends, competitor performance, and financial opportunities.
• Partner with operations to drive financial performance and cost efficiencies.
• Evaluate new restaurant openings, expansions, and capital investment decisions.
Team Leadership & Development:
• Lead and mentor the finance and accounting team to enhance performance and professional growth.
• Foster a culture of financial accountability and collaboration across departments.
• Build strong relationships with banks, auditors, and financial partners.
Qualifications & Experience:
• Minimum bachelor’s degree in finance, Accounting, Business Administration, or related field.
• 8 years of progressive financial leadership experience, preferably in the hospitality or restaurant industry.
• Proven experience in financial planning, reporting, budgeting, and forecasting.
• Strong understanding of restaurant and hospitality financial metrics, including labor and food and beverage cost.
• Expertise in financial compliance, risk management, and strategic growth initiatives.
• Strong proficiency in Excel and QuickBooks. Experience with Paychex or other payroll processing software a plus.
• Exceptional leadership, communication, and problem-solving skills.
• Ability to work in a fast-paced, dynamic environment and drive financial performance.
In addition to an attractive salary and benefit package, as CFO of this group, you will have the opportunity to shape the financial future of a growing and dynamic company. You will work alongside a passionate leadership team, influence strategic decisions, and contribute to our long-term success.
If you seek to be part of a strong culture that strives for excellence while also valuing their employees as the most important asset, this may be a great fit.
Salary will be market and depend on experience.
ProSearch is proud to be an affirmative action / equal opportunity employer. All qualified applicants will receive consideration without regard to race, creed, gender/sex, marital status, sexual orientation, citizenship status, color, religion, national origin, age, disability, veteran status, or any other status protected under local, state, or federal laws.ProSearch is proud to be an affirmative action / equal opportunity employer. All qualified applicants will receive consideration without regard to race, creed, gender/sex, marital status, sexual orientation, citizenship status, color, religion, national origin, age, disability, veteran status, or any other status protected under local, state, or federal laws.
