Fractional CFO

Designation: 

Partner

Position: 

Fractional Chief Financial Officer

Job Type: 

Consultant

Benefits

Revenue distribution or a fixed hourly rate, with the possibility of equity tied to each client assignment

Reports to: 

Founder/CEO

Job Overview

The Fractional Chief Financial Officer (CFO) will provide strategic leadership and financial expertise on a part-time basis, guiding the organization’s financial planning, analysis, and risk management. This role is ideal for organizations seeking experienced financial leadership to optimize financial performance without the commitment of a full-time position.

Key Responsibilities

1. Financial Strategy Development:
   • Create and implement comprehensive financial strategies that align with the organization’s overall business objectives.
2. Budget Management:
   • Oversee the budgeting process, ensuring alignment with strategic priorities and efficient resource allocation.
3. Financial Reporting:
   • Prepare and present accurate financial reports to the CEO, Board, and other stakeholders, ensuring compliance with regulations and standards.
4. Cash Flow Management:
   • Monitor cash flow, working capital, and liquidity to ensure the organization meets its financial obligations.
5. Risk Management:
   • Develop and implement risk management strategies to mitigate financial risks and protect organizational assets.
6. Investment Oversight:
   • Evaluate investment opportunities and provide recommendations to optimize returns and support growth.
7. Team Leadership:
   • Mentor and develop finance team members, fostering a culture of excellence and accountability.
8. Stakeholder Communication:
   • Communicate financial strategies and performance to stakeholders effectively.
9. Audit and Compliance:
   • Oversee internal and external audit processes and ensure compliance with financial regulations and standards.
10. Financial Analysis:
    • Conduct financial analysis to support decision-making, identifying trends and opportunities for improvement.

Key Measures

1. Financial Performance: Track key financial metrics such as revenue growth, profitability, and return on investment.
2. Budget Adherence: Monitor budget performance and ensure alignment with strategic initiatives.
3. Cash Flow Stability: Assess the stability and predictability of cash flow, aiming for healthy liquidity ratios.
4. KPI Achievement: Ensure established KPIs for financial performance are met or exceeded on a regular basis.
5. Stakeholder Satisfaction: Gauge engagement and satisfaction levels from stakeholders regarding financial communications and reporting.
6. Risk Mitigation: Measure the effectiveness of risk management strategies in protecting the organization’s assets.
7. Investment Returns: Evaluate the performance of investments against established benchmarks.
8. Team Development: Assess improvements in team performance and knowledge through training and development initiatives.
9. Audit Compliance: Monitor compliance with financial regulations and assess any compliance breaches.
10. Reporting Accuracy: Ensure that financial reports are timely, accurate, and transparent.

Qualifications

• Education:
  • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field; Master’s degree or MBA preferred.
• Experience:
  • 10+ years of experience in financial leadership roles, preferably in a fractional capacity.
  • Proven track record of developing and executing successful financial strategies.
• Skills:
  • Strategic Thinking: Strong ability to develop and implement effective financial strategies.
  • Financial Acumen: In-depth understanding of financial management, reporting, and analysis.
  • Communication: Excellent verbal and written communication skills.
  • Analytical Skills: Proficiency in analyzing financial data and market trends.
  • Adaptability: Ability to pivot strategies in response to changing financial landscapes.
• Personal Attributes:
  • Passionate about financial management and organizational growth.
  • Resilient and adaptable, with a strong focus on results and continuous improvement.
  • Collaborative leader with a focus on team empowerment and engagement.

Benefits

• Competitive compensation based on hourly or project-based engagement
• Flexible working hours and remote work options
• Opportunity to work with innovative organizations and industries
• Dynamic and inclusive work environment