Chief Financial Officer

CHIEF FINANCIAL OFFICER SERVICE

Most small to mid-sized companies do not have a chief financial officer.  Often the owner of the company tries to fill this position while being responsible for all other management functions.  We provide CFO services on an as-needed basis.  Usually from a few hours per month to many hour per week is needed.  We have lending relationships with various banks and introduce our clients to key bank personnel in order to facilitate a fast track approach.  A good CFO is a strategist with a high degree of financial acumen and the ability to tell the company’s story to various audiences.  A strong CFO must be able to consider all of the financial factors and form a single, coherent picture of a company’s financials – to see the big picture and understand where the myriad little pictures fit in – and to effectively communicate the findings internally and externally.

As a true business partner to the CEO and Executive management, the CFO will assess organizational performance against both the annual budget and company’s long term strategy.

The CFO will develop and implement systems and tools to provide critical financial and operational information to the CEO, and make strategic recommendations on operations. They will engage the board around issues, trends and changes in the operating models and operational delivery. CFO will participate in establishing yearly objectives and meeting agendas, and selecting and engaging outside consultants (auditors, investment advisors). In addition, they will oversee long-term budgetary planning and costs management in alignment with annual operating plans and strategic business plans.

Critical tasks we perform are:

• Loan application preparation
• Meeting with lenders
• Projections on financial statements
• Business plans
• Workout solutions
• Tax planning
• Growth and exit strategies
• Serve as a member of the executive leadership team
• Participate in strategic meetings and decisions pertaining to operating model and operational execution
• Prepare and maintain regular financial planning reports; Monthly profit and loss forecast by division (vs. budget)
• Develop strategic and tactical recommendations based on analysis of financial results
• Develop and execute analysis of various business initiatives (e.g., opening new operations, asset acquisition, new service launches).
• Create and maintain capital budget
• Enhance and implement financial and accounting systems, processes, tools and control systems
• Participate in development of financial planning and analysis exercises/reports
• Oversee cash, investment, and asset management
• Establish financing strategies and activities, as well as banking relationships
• Oversee the development and monitoring of budgets
• Represent the company to financial partners, including financial institutions, investors, executives, auditors, public officials, etc.
• Ensure appropriate internal controls and financial procedures are maintained
• Arrange proper filing of tax returns and audits; Serve as key point of contact for external auditors
• Ensure legal and regulatory compliance regarding all financial functions
• Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation
• Develop and implement forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans
• Oversee weekly cash management; approve weekly payables
• Maintain oversight on AR management and provide support to collections activities