Confidential CFO

The Company

SNH Capital Partners is a Texas-based investment firm with a 25-year history and track record making control investments in private companies with $5 million to $75 million of EBITDA.

For additional information, please visit our website https://www.snhcapitalpartners.com

The Role

We are conducting a confidential search for a Chief Financial Officer for a portfolio company.

As a true business partner to the CEO and Executive management, the Chief Financial Officer will assess organizational performance against both the annual budget and company’s long-term strategy.  Developing tools and systems to provide critical financial and operational information to the CEO and make actionable recommendations on both strategy and operations will be an important part of this role.  The CFO will engage the board regarding issues, trends and changes in the operating models and operational delivery.  Additionally, the CFO will also oversee long-term budgetary planning and costs management in alignment with company strategic plan, especially as the organization considers potential acquisitions, and collaborations with external organizations. 

The idea candidate for this role is someone that enjoys directing the day-to-day operations of the accounting and finance organizations in a hands-on manner and with a collaborative, transparent, inspiring and results driven management style. This CFO role is for someone who is truly excited about playing a significant role in scaling an established and growing organization.

Key Responsibilities:

·         Serve as a member of the executive leadership team

·         Participate in key decisions pertaining to strategic initiatives, operating models, and operational execution

·         Prepare and maintain regular financial planning reports; Monthly profit and loss forecast (vs. budget); and weekly 12-week cash flow forecast.

·         Complete analysis of financial results; develop recommendations (strategic and tactical).

·         Develop and execute analysis of various business initiatives (e.g., opening new operations, asset acquisition, new service launches).

·         Develop and maintain capital budget

·         Assist in the development of financial planning and analysis exercises/reports

·         Oversee cash flow planning and ensure availability of funds as needed

·         Oversee cash, investment, and asset management

·         Oversee financing strategies and activities, as well as banking relationships

·         Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans

·         Coordinate the development and monitoring of budgets

·         Develop financial business plans and forecasts

·         Participate in corporate policy development as a member of the senior management team

·         Represent the company to financial partners, including financial institutions, investors, executives, auditors, public officials, etc.

·         Oversee the accounting department to ensure proper maintenance of all accounting systems and function

·         Ensure maintenance of appropriate internal controls and financial procedures

·         Coordinate audits and proper filing of tax returns

·         Ensure legal and regulatory compliance regarding all financial functions

·         Oversee preparation of month-end, quarter-end, and year-end financial statements

·         Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations, and corporate/overhead cost allocation

·         Enhance and implement financial and accounting systems, processes, tools, and control systems

·         Serve as final point of escalation for Accounts Receivable/Accounts Payable issues

·         Provide a leading role in the development of tax strategy

·         Serve as a key point of contact for external auditors; Manage preparation and support of all external audits

·         Oversee weekly cash management; approve weekly payables; execute check signing

·         Oversee AR management and provide support to collections activities

·         Represent the company in efforts with investment bankers and potential investors

·         Prepare various analyses and reports required by corporate development efforts

Qualifications:

The ideal candidate will possess:

·         Bachelors’ degree (BA/BS) from an accredited university

·         MBA or advanced degree with accounting/finance focus preferred

·         At least 5 years of experience as CFO or equivalent in a middle market company with $50M plus in revenues

·         At least 10 years of experience within a recurring revenue B2B services model (including SaaS)

·         Experience in a senior financial-management role (FP&A), partnering with executive staff, resulting in the development and implementation of creative financial management strategies

·         Heavy orientation towards performance management: metrics, operational efficiency, and cash flow management

·         Experience PE and/or M&A experience (experience integrating roll-in acquisitions) preferred.

·         Proven ability to quickly gain an understanding of the business model and cash flow generation, investment/capital allocation decisions, pricing strategies, and elasticity

·         Experience managing institutional lending relationships with debt levels of more than $20M

·         Excellent written and oral communication skills