Chief Financial Officer
Suffolk
£300k package + significant equity
MacKenzie King are working with this dynamic, fast paced and ambitious Business Services company to recruit a Chief Financial Officer. Based in Suffolk, with satellite operations locally and in the North, the management team comprises many long serving industry experts, ideally placed to support the forthcoming tech programme and expansion plans.
The strategy is clear: to maximise competitiveness through investor backed IT investment plans, develop the presence overseas, and establish a market leading position in their market. Success will be confirmed by a successful sale transaction to another investor.
The Role:
Following the assistance of an expert interim leadership team, we now need a CFO to secure the recent change programme and work with the CEO to provide the strategic skill and leadership to take the business forward. The deliverables are clear as is the timescale. The PE investors plan to successfully transform the company and complete its sale in, at the latest, five years.
As our Chief Financial Officer, you will be responsible for providing direction and leadership to the Board, the finance team, and supporting functions. You will work closely with the board of directors, Private Equity and banking stakeholders as well as other key stakeholders to drive growth, efficiency and ensure financial stability.
This position would be of interest to senior Finance Executives who are familiar with the “professionalisation” process to take the business to the next level of financial control, efficiency, and technology integration. The successful candidate will have the ability to adapt relentlessly to achieve a high growth, profitable outcome and sale, as well as provide strategic direction and hands-on guidance to the team as the capabilities are being strengthened.
In return, we offer a competitive package and a significant equity plan.
Skills:
Technical
Familiar with latest SME Statutory Accounting policies and procedures
Able to go into details of accounting and finance
Assess Accounting Systems with key requirements expertise
Able to grow, develop and maintain a finance team as well as a wider back-office function (tax, legal, IT, real estate)
Able to assess current accounting controls and reporting bottom up
Skilled in system implementation project management
Commercial/Legal
Build efficient and effective processes in an environment not used to standardisations, processes, and governance
Challenge and improve existing product-market fit, contractual relationships, and pricing of services
Co-develop and track organisational transformation/growth plans and milestones, including developing business cases for new product/service initiatives
Ensure legal understanding of commercial contracts and their maintenance with all Shareholders
Support bid and tender processes, especially advising on value and granularity of margins
Operational
Hold budget and forecasting accountability
Skilled in negotiating key financial agreements across all stakeholders and operational partners
Build alignment of the expectations of stakeholders and operational decision making
Skilled in data analysis and "root cause" KPI understanding
Track operational KPIs to steer organisation and support accurate financial forecasting
Familiar with digital analytics
Corporate
Act in the capacity of a fiduciary director and conduct the administrative requirements of the board appropriately
Guide the board and Steerco in line with financial and legal guidelines
Observe key shareholder contractual guidelines and performance metrics including those with Private Equity and debt lenders e.g. financial covenants
Skills Required
Experience of operating in a fast-moving environment
Ability to use wide ranging influencing skills tailored to deliver outcomes in a competitive environment
An accomplished engaging leader who instinctively understands how to provide direction within a fast-moving company
Qualified or Chartered Accountant or similar
Aware of impact of regulatory change onto market and business and familiar with working with government customers
Been a referenceable CFO in a PE owned entity before (no "L" plates)
Leading a data led decision making culture
Having intellectual curiosity to continually drive to identify root cause drivers of outcomes
Partnering with business peers on key decisions, both supporting and educating them in a traditionally "instinct" led culture
Playing a full "Business Partner" role to the Board and CEO in particular to "professionalise" the business for successful sale
To act in the capacity of a fiduciary director and conduct the administrative requirements of the board appropriately
Person Specification
Analytical with a deep intellectual curiosity aiding insightful fast learning
A fact-based debater comfortable operating within ambiguity
Driven by root cause analysis in a sales driven organisation
Clear communicator to guide change
Confident but engaging approach to team working, demonstrating value and guidance
Ability to drive change positively, however challenging, maintaining team engagement
Naturally accepted by all parties as deputy to the CEO
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