Job Title: Chief Financial Officer (CFO)
Company: Cantey Tech Consulting
Company Description:
We help our clients with IT so they can focus on running their business, law firm, medical practice, or manufacturing company. We also manage school networks and perform contracting work for large organizations. We do all sorts of things from designing networks to providing ongoing maintenance; we are the company that our clients call for everything from basic computer support to hosted solutions and network management. Some clients want to push the envelope with new technologies, and some just want to keep IT costs to a minimum.
We are growing, both organically and through acquisitions. We have completed two acquisitions over the last 12 months and hope to complete at least two per year going forward. We have a great financial partner in LNC Partners, a private equity firm from northern Virginia who supported us two years ago. They are great people who want to help as we grow. As a team, we follow the EOS methodology based on the book Traction by Geno Wickman. This helps us stay organized and process-driven as we grow.
We are looking for great people who are excited about technology and enjoy dealing directly with clients. We're fanatics about client service, we run a responsive and professional operation, and we love what we do. We offer great benefits, excellent compensation, paid time off, medical & dental insurance, 401(k) plan, and more. Every day is different over here, and you must learn quickly and run with it.
Job Description:
The Chief Financial Officer (CFO) at Cantey Tech Consulting is a senior executive responsible for overseeing the financial operations and strategy of the company. The CFO plays a critical role in the overall management and growth of the organization and works closely with management and our PE partners to drive financial performance and ensure the company's financial health. We have a fantastic controller who oversees an additional accounting generalist and two people in purchasing and contracts who report to the CFO. HR would also report to this position. We are currently using QuickBooks Online.
We are looking for someone local to the Charleston area and, while you get up to speed, we hope you will spend most days in the office. Once you are up and running, we are flexible about working from home.
CFO Responsibilities:
- Financial Strategy and Planning:
- Develop & implement financial strategies, policies, and procedures to support long-term goals and objectives.
- Lead the annual budgeting process and provide financial projections and analysis to support decision-making.
- Forward-looking predictive models to help assess and mitigate financial risks.
- Identify & lead opportunities supporting revenue growth, cost optimization, and overall efficiency improvements.
Financial Reporting and Analysis:- Prepare accurate and timely financial statements, reports, and analysis for internal and external stakeholders.
- Monitor financial performance against key performance indicators while providing recommendations on how to improve.
- Ensure compliance with accounting principles, regulations, and legal requirements.
- Develop and continually evaluate product/customer level profitability.
Cash Flow Management:- Oversee cash flow planning and forecasting to ensure the availability of funds for operational needs, growth initiatives, acquisitions, and lending covenant compliance.
- Monitor and manage working capital, receivables, payables, and inventory to optimize cash flow and liquidity.
- Implement effective cash management policies and procedures.
Financial Operations:- Oversee the management of daily financial operations, including accounting, billing, collections, payroll, and human resources.
- Supervise the accounting/finance team and provide guidance, mentoring, and performance feedback.
- Establish and maintain relationships with banks, auditors, tax advisors, and other financial institutions.
Mergers and Acquisitions:- Evaluate potential mergers and acquisitions and other strategic partnerships and collaborations.
- Conduct financial due diligence and analysis for potential acquisitions or investments.
- Negotiate and structure financial agreements and contracts; ensure ongoing compliance with all requisite obligations.
Financial Compliance and Risk Management:- Ensure compliance with financial regulations, accounting standards, and tax requirements.
- Implement and monitor internal controls to safeguard assets and mitigate financial risks.
- Coordinate audits and reviews with external auditors.
Human Resources Management:- Manage the HR director who will develop and implement HR strategies, policies, and procedures that align with the organization's goals and culture.
- Oversee talent acquisition and recruitment processes, ensuring the organization attracts and retains top-quality employees.
- Collaborate with department heads to develop and implement effective performance management systems.
- Manage employee compensation and benefits programs, ensuring competitiveness and compliance with legal requirements.
- Ensure compliance with employment laws and regulations, maintaining up-to-date knowledge of HR best practices.
Qualifications:
- Bachelor's degree in finance, accounting, or a related field.
- CPA required.
- 10+ years experience in progressively complex mid and senior management positions at a services company.
- In-depth knowledge of financial planning, budgeting, analysis, and reporting.
- Strong understanding of accounting principles, regulations, and compliance requirements.
- Proficient in financial software and systems.
- Excellent leadership and people management skills.
- Strong analytical, problem-solving, and decision-making abilities.
- Effective verbal and written communication and presentation skills.
Accounting Department Overview:
Our current accounting team consists of a dedicated controller, a recently hired but experienced accounting generalist, and a person in charge of purchasing, contracts, and office management. Human resources also reports to the CFO. This is a local position but we are a flexible company. While coming into the office would often be required while you get acquainted with the business, most of this work could be done from home.
