Finatal is partnered with a leading global private equity firm ($10bn) on a CFO mandate for an internet service provider business is Michigan. For over 30 years, this rapidly scaling business has provided residential fiber, commercial fiber, and colocation data center services to multiple end users from local clients to Fortune 500 enterprises.
An experienced private equity CFO is required to support the business through its first institutional capital cycle, acting as a bridge between the fund and the senior management team, as they build KPIs, board packs, management information and manage banking and investor relationships.
While managing timely financial reporting, forecasting, and budgeting, this hire will also support initiatives for advancing growth and operational excellence. This position will report directly to the CEO and work directly with the executive management team and Board of Directors on all matters relating to the financial strategy and operations. The CFO will have oversight and leadership across the financial spectrum of the company and play a critical role in shaping and executing all operational financial decisions.
Key Responsibilities
- Oversee end-to-end function for multidivisional lines of business, including strategic finance, treasury, accounting, FP&A, tax, and reporting.
- Develop and maintain a culture of accountability. Oversee the buildout of a unique finance and accounting organizational design to match the growth and needs of the business.
- Build out KPIs, board packs and management information used to report regularly to the board and investors.
- In partnership with the CEO, shape strategic direction of the company and in the identification
and execution of investments (both organic & M&A).
- Develop, manage, and direct the company’s long-term financial plans and performance drivers. Maintaining a strong handle on current actions that have future implications for success.
- Ability to course correct as needed to ensure structure and commercial agreements minimize risks while optimizing financial return.
- Implement and maintain robust internal financial controls and policies to safeguard company assets and ensure compliance with financial regulations.
- Manage the relationship with the Board and PE investor. Keep this group fully abreast of
developments and issues and engage the Board in discussion and decision-making.
- Develop and lead the company’s strategic financial planning (FP&A) and annual budget process, including the consolidation and preparation of the monthly financial reporting package.
- Implement and scale financial reporting systems aligned with the growth and increasing complexity of the organization.
- Deliver high value-added operational KPI and financial analyses for internal (executives and Board) and external (lenders) stakeholders to drive strategic planning and decision-making.
- Be willing to get out in the field, “roll-up the sleeves” and strengthen relationships with existing customers as well as new customers and channels.
- Drive best practices and processes across the organization based on a strong foundation of analytics and metrics.
- Build, train, and manage a best-in-class team finance and accounting team that can cope with the demands of a private equity backed organization.
- Develop, implement, and ensure compliance with internal financial and accounting policies and procedures while preparing the company to scale for growth.
- Embedding a culture of integrity, ethics and transparency. Earn the respect of his or her peers,
subordinates, and superiors for his or her integrity, ethics, moral compass, and ability to set a standard for their leadership to follow.
Key Requirements
- Bachelor’s degree in finance, accounting, or a related field. An MBA or advanced degree is a plus.
- Experience as a successful CFO in a private equity portfolio company, ideally within a company receiving first institutional capital.
- Experience in Residential Fiber industry is desired.
- Strong M&A experience.
- Strong analytical and critical thinking skills to appreciate commercial strategies, operational processes, technology, and leadership.
- Team player who uses data to drive continuous performance improvement and is a respected and trusted partner to senior management.
- Experience executing best-in-class process improvement disciplines to optimize business results.
- Command of financial concepts, including accounting, cash management, budgeting, revenue
recognition, cost accounting, activity-based costing, financial modeling, and forecasting.
- Driven and humble. Excellent verbal and written communication skills. Can champion and sell ideas both internally and externally.
- Able to “get hands dirty” and can also articulate a vision. Driven to see tangible results and collaborate with others to drive them.
