Summary:
The Chief Financial Officer (CFO) is responsible for managing and directing the financial activities of the company. The CFO plays a key role in shaping the financial strategy, planning, and decision-making to support the overall goals of the organization.
Essential Duties & Responsibilities
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required.
- Develop and implement the company’s financial strategy in alignment with overall business objectives.
- Provide financial insights and recommendations to support strategic decision-making.
- Conduct financial analysis, forecasting, and planning to guide the organization’s financial direction.
- Oversee the preparation and presentation of accurate and timely financial reports for internal and external stakeholders.
- Participate in the ongoing strategic planning process as an integral member of the Executive Leadership Team.
- Oversee long and short-term budgetary planning and cost management in alignment with the strategic plan.
- Ensure the effective internal controls are in place to minimize financial risks and safeguard the assets and financial commitments of the company; and compliance with GAAP and applicable federal, state and local regulatory laws and rules for financial and tax reporting.
- Work with finance team to drive results by providing KPI reports and financial and budget performance analysis, creating tools to help streamline and improve processes, etc.
- Identify and mitigate financial risks, including market volatility and regulatory compliance, to protect the company’s assets; implement strategies to mitigate these risks.
- Evaluate potential acquisitions, partnerships, and investment opportunities, conducting due diligence and financial analysis.
- Oversee and manage financial and operational reporting, accounting operations, payroll, and cash.
- Monitor company vendor relationships; recommend opportunities for cost savings, discounts, etc.
- Optimize cash flow and liquidity to meet operational needs and strategic objectives.
- Manage financial forecasting, budgets and reporting processes of the company with the goal to build a cost efficient company, improve the profitability of the company and ensure adequate cash flow and financial stability to meet the organization’s needs.
- Provide counsel to CEO on the financial implications of business activities and recommendations to enhance long and short-term financial performance.
Requirements
- Bachelor’s degree in accounting, finance or related field
- MBA and/or CPA required
- Strong process improvement, problem-solving, analytical and financial management skills
- Excellent leadership and communication skills providing the ability to effectively translate the company’s vision and strategic direction into results oriented actions.
- Strong understanding of financial management, accounting principles, and financial analysis.
- Excellent organizational skills, strong attention to detail.