CFO

Position: CFO

Company – Confidential

Location – Denver

THE COMPANY

Our client is a national industrial services firm primarily focused on infrastructure design, installation and maintenance. The Company employs 500-1,000 employees.

The Company is PE owned and looking to transition the financial leadership of the business to maximize growth potential. They offer a very attractive base, bonus and equity compensation package along with full benefits.

THE POSITION

We are confidentially recruiting a new CFO who will report to the Chief Executive Officer and be responsible for providing strategic leadership, managing all financial and KPI reporting, ensuring proper accounting protocols are followed, establishing long-range goals, and building and managing a team of financial and IT professionals.

Key Priorities for the CFO Include:

1. Accounting and financial excellence across the organization. Ensure all financial reporting is in compliance with GAAP and timely and accurately reported to all stakeholders. The CFO will be responsible for proactively creating reports that will be helpful to the internal team and managing systems responsible for reporting. The CFO will topgrade the finance team to ensure that is a high performing and value-added function, providing advice on the financial implications of all business objectives and activities. Additionally, the CFO will be responsible for the cash outflows and inflows of all projects to optimize cash flow.

2. Manage financial operations for project-based business to ensure consistency of processes and performance across all regions. The Company operates in 20+ states today with several regional teams and regional management. The CFO will be responsible for regional operations, financial and WIP reviews along with proactive reporting to ensure all regions are consistent and high performing. In doing so, the CFO will need to establish a metric-driven culture and ensure people are held accountable to mutually agreed objectives. Also, the CFO will make recommendations as necessary to enhance financial performance and facilitate business opportunities.

3. Integrate strategic M&A with support from the PE sponsor. The Company is pursuing strategic M&A as a way to expand into new regions, grow in existing regions, and offer new services to customers. The CFO will be responsible for back office and ERP integration so the add-ons can grow successfully. The PE sponsor will provide M&A execution support.

Key Responsibilities Include:

▪ Maintain oversight, planning, implementation, management, and control of all operational and financial-related activities of the Company, including accounting, finance, taxation, budgeting and forecasting, bonding, strategic planning, profitability, treasury management, risk management, regulatory environment, business opportunity analysis and negotiations, member and lender relationships.

▪ Oversee development, implementation, and maintenance of comprehensive accounting and reporting systems, including periodic upgrades to meet Company requirements.

▪ Ensure credibility of financial information, providing timely and accurate analysis of actual results in comparison to budgets, financial trends, and forecasts.

▪ Create operational reports from financial and KPI metrics to facilitate proactive decision-making and to ensure consistency and performance across all regional operations.

▪ Establish and maintain effective controls over cash management, including proper billing and collections, disbursements, debt service, and compliance with bank regulations.

▪ Develop and grow the talent inside the financial organization ensuring a strong team capable of growing with the business

▪ Maintain oversight of all Company legal requirements including contractual negotiations, defending, and prosecuting lawsuits, Intellectual Property (Trademarks and Patent) applications and filings, facility leases and liaising with external counsel as appropriate.

▪ Evaluate and update risk management policies and procedures, including security, business and operational risk assessment, and regulatory compliance.

▪ Ensure that effective internal controls are in place to ensure compliance with GAAP and applicable federal, state and local regulatory requirements and laws governing financial and tax reporting.

▪ Maintain appropriate relationships with auditors, financial institutions, legal counsel, customers, insurance providers, public officials, and other external representatives.

▪ Undertake timely renewals of all insurance policies, leases, and other agreements.

▪ This position is responsible for the direct supervision and employment decisions of the Finance, Data Analytics and IT departments.

▪ Maintain oversight of IT systems and processes ensuring the Company has the right software and systems for growth and minimal disruptions.

▪ Provide leadership in strengthening communications with staff at all levels throughout the organization to create and promote a positive and supportive work environment.

▪ Work with PE on major strategic decisions, including acquisitions, mergers, joint ventures, or large-scale expansion.

▪ Work with the Board of Directors and other executives to establish short-term objectives and long-range goals, and related plans and policies. Present regular reports on the status of the Company’s operations to the Board of Directors and to Company staff.

▪ Other duties as assigned by the CEO.

CANDIDATE PROFILE

Prior Experience Includes:

▪ BS in Accounting or Finance, MBA or CPA (or equivalent).

▪ Minimum of 15 years in progressively responsible financial leadership roles, ideally including public accounting experience with a national accounting firm.

▪Current knowledge of financial and accounting systems and processes in the construction industry.

▪ Leadership experience in a middle market or enterprise size business.

▪ Experience with a private equity portfolio company with debt financing compliance.

▪ Strong interpersonal skills, ability to communicate and manage well at all levels of the organization.

▪ Strong problem solving and creative skills and the ability to exercise sound judgment and make decisions based on accurate and timely analyses.

▪ Highest level of integrity and dependability with a strong sense of urgency and results-orientation.

▪ Experience in developing profitable strategies and driving change.

▪ In-depth knowledge of corporate governance and general management best practices.

▪ An entrepreneurial mindset with outstanding organizational and leadership skills.

▪ Excellent communication and public speaking skills.

Competencies Include:

▪ Strong Financial Operations Background: The ideal candidate will have leadership experience in driving a strong financial organization to enact the best operational performance. He/She will be adept at communicating the organization’s results and performance internally and externally. He/She will set hard metrics for performance and have excellent performance management discipline, coupled with a personal inclination to drill into details and take corrective action early and decisively.

▪ Project Based Work Experience: The ideal candidate will have a strong understanding and prior experience with project-based work including monthly WIP reviews. He/She will understand best financial practices for managing a large organization performing several hundred projects at any given time. He/She will be able to provide financial oversight to the bidding process all the way through cash collection.

▪ Strategic Orientation: The ideal candidate will have demonstrated the capability to develop strategies, set goals and objectives, and to execute operationally. He/She has a solid strategic thought process and strong intellectual horsepower and the ability to think critically, clearly, and analytically. He/She possesses strong overall business acumen and good ability to “think on your feet”. This individual will be able to articulate evolving priorities for the business and spot previously unidentified business opportunities.

▪ Collaborating and Influencing: The ideal candidate will have the ability to partner effectively across all functional areas and collaborate to drive positive business outcomes. He/She has a strong professional presence and is articulate, confident, and can gain the respect of others in order to lead effectively. He/She possesses strong interpersonal and communications skills, including the ability to lead colleagues and others with clarity of thinking and personal enthusiasm.

▪ Team Leadership/Developing Organizational Capability: The ideal candidate will have the ability to evaluate and maximize the potential of existing team members and to make key personnel changes with speed, driving a high-performance culture and team. He/She places a strong emphasis on talent development at the individual and team level.

CONTACT

Peter Rust

Executive Search & Management Recruiting

CEO

Pinnacle Growth Partners, Inc.

CT (203) 541-0082

peter@pinnaclegrowth.com