Chief Financial Officer - Virtual Company
Los Angeles, CA 90232
About the Job
Our client is looking for a seasoned and strategic Chief Financial Officer (CFO) to join their executive leadership team and lead the organization, acting as a strategic advisor to the founders of the business. This is a confidential search and the name of client will be shared following selection to interview. Please ensure that you upload your current resume with submission of your application.
Industry alignment: F&B, Manufacturing, CPG for a company > $500M in revenue
Onsite requirements: 5 days / week in LA. Candidate must be located in southern California or willing to relocate.
Comp details - The Company is offering a competitive total compensation package for the right fit, including a base salary band of $350k - $500k, and a minimum performance-based bonus of 50%. Potential LTI TBD.
Essential Job Functions:
- Recommend, develop and implement short and long-term strategic financial objectives of the Company to manage growth and maximize returns, including, but not limited to, financial investments, budget ideas and initiatives, tracking and managing cash flow, and leading financial planning efforts with the Executive Team and Board of Directors.
- Lead the accounting and finance departments, ensuring accuracy, controls and credibility of financial operations, cash flow and financial reports (by operation, function and consolidated).
- Establish budgets with functional leaders, Executive Team and Board, and provide periodic and timely financial forecasts, along with analysis and recommendations.
- Evaluate and advise on the impact of business goals, objectives, initiatives, new programs or strategies and regulatory changes.
- Working with the Executive Team, help to identify short- and long-term business needs (including, but not limited to, personnel, capital investments, inventory, etc.), propose solutions, and advise on the financial implications of, proposed and actual business activities and initiatives.
- Maintain effective internal controls and supervise cash management and treasury activities.
- Ensure compliance with GAAP and applicable federal, state and local regulatory laws, rules for financial, and tax reporting, and ensure accurate preparation of all financial statements, including, but not limited to, income statements, balance sheets, tax returns, and appropriate governmental agency reports as appropriate.
- Establish and cultivate working relationships with accountants, banks and other vendors.
- Monitor and manage investments and use of funds, debt leverage and investments to minimize costs and maximize return on investment.
- Working closely with the Executive Team and Board of Directors, provide critical assistance on mergers and acquisitions.
- Evaluate, recommend and implement improve systems and processes for efficient management of the finance and accounting department.
- Manage capital investments, operations and administrative costs to maximize profitability.
- Bachelor’s Degree in Accounting or Finance or any other related field
- 10 – 15 years in progressively responsible financial leadership roles. Prior experience as a CFO (or divisional CFO / VP of Finance) of an organization that exceeds $500M in revenue is a must have.
- Prior experience in the F&B, Manufacturing or CPG industries
- Outstanding tactical and strategic skills, with proven “hands-on” ability to handle financial analysis and reporting, as well as ability to delegate and develop direct reports.
- Proven ability to work collaboratively with, and/or manage, at all levels of the organization and with staff at multiple locations
- Proven ability to work in a complex company and industry and find creative solutions that address and resolve multiple functional needs (Legal, Operations, Sales, HR, etc.) and not just Finance goals and priorities.
- High level of integrity and dependability with a strong sense of urgency and results orientation
- A Master’s Degree in Accounting, Finance, or any other related field
- Certified Public Accounting (CPA) license
- Prior experience with an organization that is highly acquisitive is a nice to have, and will be highly considered
- Experience with MS Dynamics 365 or a similar enterprise ERP system | Power BI a plus
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.
