Fractional CFO

This is a fully remote position, open to applicants in United States.

📋 Description

• Enhance the visibility of the client’s weekly cash flow and increase the reliability of forecasting.

• Deliver clear financial analyses to aid management in decision-making.

• Collaborate closely with the partner firm, BFG’s Fractional Controller, and the client’s accounting team.

• Examine bank balances, anticipated customer collections, vendor payments, debt obligations, and other immediate cash commitments.

• Recognize liquidity risks and highlight decisions that require management's attention.

• Create a concise, one-page weekly cash flow summary prior to the scheduled Monday review meeting, including recommendations and follow-up actions.

• Engage in weekly cash flow reviews and progressively facilitate discussions as per the agreed transition plan.

• Review and update financial projections in Clockwork.

• Conduct weekly forecast-to-bank reconciliations and investigate significant discrepancies between projected and actual cash balances.

• Review recurring obligations, assumptions, and forecast mappings.

• Coordinate corrections with the Fractional Controller and track reconciliation against agreed variance tolerances.

• Oversee the timeliness and completeness of customer invoices and vendor bills within QuickBooks Online.

• Escalate significant forecast-affecting delays to the partner firm on the same business day.

• Assist in analytical reviews of loan balances, advances, repayments, accrued interest, and inventory balances.

• Identify discrepancies and their implications for reporting.

• Prepare a financing support package that includes trailing-twelve-month profit and loss, current balance sheet, year-to-date financial statements, debt schedule, accounts receivable aging, and a 13-week cash flow projection.

• Review the package for any apparent inconsistencies and submit it to the partner firm for review and authorization before external distribution.

• Maintain the 90-day financial action tracker prior to each weekly meeting.

• Document progress, overdue actions, dependencies, and required decisions.

• Coordinate financial findings and executive communications with the partner firm.

• Uphold confidentiality, document work and recommendations, track time against the agreed allocation, and signal additional capacity requirements.

• Operate within the defined scope; any additional responsibilities necessitate an agreed scope change.

⛳️ Requirements

• Bachelor’s degree in accounting, finance, or a related field.

• Significant progressive experience in finance, including roles such as CFO, Fractional CFO, Finance Director, or equivalent senior financial advisor for U.S. businesses.

• Practical expertise in cash flow management, short-term liquidity planning, financial forecasting, and explaining variances in forecasts.

• Strong working knowledge of QuickBooks Online (QBO), financial statements, U.S. accounting practices, debt schedules, and analysis of accounts receivable and payable.

• Experience with Clockwork or similar forecasting software, with the capability to work independently in Clockwork after onboarding.

• Proficient in Excel or Google Sheets.

• Clear professional English communication skills.

• Confident in leading management discussions and exercising sound judgment.

• Capability to transform financial insights into actionable recommendations.

• Ability to consistently deliver reliable results within a limited monthly allocation, participate in recurring meetings, and respond promptly during agreed communication periods.

• Resume should be submitted in PDF format.

• Preferred: CPA, CMA, CA, MBA in Finance, or a comparable professional qualification.

• Preferred: Experience in preparing lender reporting packages, supporting financing applications, and advising businesses facing liquidity challenges.

• Preferred: Experience with inventory-based businesses, manufacturing, beverage production, or spirits; familiarity with Proof 8 is advantageous.

• Preferred: Previous fractional advisory or outsourced finance experience and collaboration via Slack and shared Google Drive workspaces.

🏝️ Benefits

• Part-time consulting engagement.

• Remote work arrangement.

• Scheduled meetings during U.S. business hours.

• Additional availability may be required during the initial stabilization phase.