Job Details
www.kranz.consulting
CFO (Emerging Growth Practice)
ABOUT KRANZ
For over two decades, Kranz Consulting has been the recognized leader in providing superior financial consulting and advisory services requested by CEOs, Boards, CFOs and the most prominent Venture Capital firms.
JOB DESCRIPTION
This role is a full-time position working as an employee of Kranz Consulting, while providing fractional/interim CFO consulting services to our clients. This position will report to the Emerging Growth Practice Leader.
The role requires a seasoned professional with excellent interpersonal and natural leadership skills, coupled with demonstrated CFO experience in Finance & Accounting consulting. The person should be comfortable generating new business through the cultivation of existing relationships and the development of new relationships through various efforts. In addition, being able to cross-sell other firm services including Technical Accounting as well as VC Fund Administration. Key to the role as a Senior member of Kranz is to promote a culture of collaboration and mentorship to the junior staff.
OVERALL RESPONSIBILITIES
- position reports to and takes direction from the Kranz Emerging Growth Practice Leader
- CFO acts as primary contact with the client on consulting engagements
- goal = 65-70% billable (on average) while spending time on business development activities
CFO Responsibilities:
- client financial functions, including accounting, finance, treasury, and systems.
- for prospecting new business development opportunities and attending prospective client meetings to architect solutions based on client needs.
- with the execution of onboarding new clients.
- Quality Assurance for internal Kranz work-product prior to client delivery.
- and coordinates with specialist resources as appropriate (tax, legal, benefits, etc)
ACCOUNTING
- the accounting team on all accounting matters and ensure timely and accurate accounting close and consolidations, driving compliance and efficiency across the accounting, controllership, and month-end close functions
- the development of, and communicate policies to team members to help ensure adherence to GAAP along with a roadmap for a full transition from modified to full GAAP
- maintenance, reporting and presentation of all financial statements including supporting reconciliations and a thorough understanding of the basis of presentation, and supporting footnotes and disclosures as needed, including debts/warrants, inventory, COGS, etc.
- and maintain thorough knowledge and understanding of accounting policies, financial systems, transaction processes, internal controls, and chart of accounts
- journal entries for more complex accounting areas with explanation and description of accounting. Reviews account analyses and monthly analytical review of balance sheets and income statements
- timely billing and invoicing of all revenue and compliance with all revenue recognition policy and guidelines including ASC606 and differences between ASC 605 and ASC 606
- lease accounting in compliance with ASC 842
- and comply with local, state, federal and international government reporting, including sales and use tax preparation and filings, state tax registrations, franchise tax filings and supporting tax accountants, as necessary.
- for preparing and presenting financial information to Investors and Audit Committee, as necessary
- and resolve complex accounting issues while balancing client preferred solutions.
- communicate the requirements of US GAAP, as well as the current diversity of practice for modified GAAP amongst early-stage companies.
FINANCE
- analytical support and business guidance to the client s Leadership Team on key strategic decisions
- key risks and opportunities facing the company and makes recommendations as they affect the financial results of the company and its business.
- key metrics and dashboards including experience with SaaS revenue models. Work with other members of the client s Leadership Team to drive improvement in these key business metrics
- Forecasting & Planning: Assist in the preparation of and monitor the company s actual performance against the current budget, rolling forecasts, and business plan
- with business leads to understand and explain financial variances in the plans and the forecasts to influence the direction of the business
- Ensure timely reporting of monthly financial information for the executive staff, outside stakeholders, and the Board of Directors.
- detailed analyses, summaries, and reports of financial data on the operating progress of the company on a periodic basis.
- Provide financial support and leadership in the following areas (as necessary):
- activities,
- and liquidity events
- strategic events affecting the company s financial performance
- Analytics: Design and/or maintain processes and systems to ensure robustness
- accuracy of data that flow into Reporting and Analytics for the business
Investor relations: Lead Investor reporting
TREASURY
- the cash records for the company, ensure proper reconciliation of all cash accounts with bank and project future cash forecasts
- oversight of effective client internal controls.
- all subsidiary ledgers for customer activities and ensure timely collection
- foreign currencies as needed and consider functional/local currency analysis/elections and risk management derivatives
- for developing and maintaining banking relationships.
- the company s compliance with local and federal regulatory matters
- Maintain adequate debt coverage in support of the company s needs and plan
- management: maintain proper insurance coverages
- major contracts and subcontracts for completeness, and risk management issues.
- Recognition: Review all contracts with customers and vendors. Ensure consistency and compliance with company policies and accounting requirements.
- current in federal and multiple state tax laws.
- for the maintenance of the company s stock register and proper recording of all equity activity in the balance sheet. Ensure tax compliance with the issuance of ISO s/NSO s for Stock based equity transactions and the timely completion of 409A valuation reports.
OTHER
- for various client accounting systems and the integration with other key business systems and applications to support business growth, in partnership with Information Technology, as needed.
- for business development, architecting solutions for potential clients, and onboarding new clients based on the approved proposal
QUALIFICATIONS
- degree, MBA / CPA preferred
- experience preferred
- accounting firm experience preferred
- experience in the CFO-level Role in a for-profit company
- of 10 years of accounting and finance experience, 5 years of managerial experience leading accounting teams in a global company, including 3+ at a public company. International accounting experience, preferred
- working with fast growth, rapidly changing, fast-paced companies with multiple priorities and deadlines
- understanding of GAAP and current revenue recognition & financial reporting trends.
- skills in both Microsoft and Google suite, proficient in complex accounting systems. Prior ERP implementation experience highly preferred
- organizational and leadership skills
- communication skills
- to see the big picture and anticipate business issues
- negotiating contracts with suppliers and customers, including software license agreements, purchase agreements, and other business agreements
- experience in managing the day-to-day aspects of consulting, client relationships and projects.
- leadership and effective management in a growing professional services organization.
- to execute and operate in high-pressure and fast-paced environments.
- to quickly adapt to unexpected changes in timelines, deadlines, and scope of work.
- across a wide variety of industries
- ability to lead people and develop successful work teams.
- have high-level integrity, sense of creativity, good business judgment, and be able to quickly gain the respect of the senior management team.
- interpersonal skills and a sincere customer service attitude are essential.
Benefits:
The company recognizes your contributions to our growth and allows you to participate in a comprehensive compensation program which includes 401K with employer match, health benefits and our bonus program. In addition, full-time employees are eligible for vacation, floater holidays, and paid company holidays. We encourage individual development, support continuous training (through various certification courses), provide mentors for your career goals and promote teamwork.