Fractional CFO

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

📋 Description

• Enhance the client's visibility into weekly cash flow.

• Increase the reliability of forecasts and deliver clear financial analyses to aid management decision-making.

• Assess bank balances, anticipated customer collections, vendor payments, debt commitments, and other short-term cash obligations.

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

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

• Engage in weekly cash flow reviews and progressively guide discussions in accordance with the established transition plan.

• Review and sustain financial projections in Clockwork.

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

• Evaluate recurring commitments, assumptions, and forecast mappings.

• Collaborate with the Fractional Controller for necessary corrections and oversee reconciliation against agreed variance tolerances.

• Supervise the promptness and completeness of customer invoices and vendor bills within QuickBooks Online.

• Report significant delays impacting forecasts to the partner firm on the same business day.

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

• Detect discrepancies and their reporting consequences.

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

• Review the package for obvious inconsistencies and forward it to the partner firm for review and authorization prior to external distribution.

• Keep the 90-day financial action tracker updated before each weekly meeting.

• Record progress, overdue actions, dependencies, and decisions needed.

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

• Operate within the partner firm’s branding and client communication protocols.

• Ensure confidentiality, document work and recommendations, track time against the agreed allocation, and highlight any additional capacity requirements.

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

⛳️ Requirements

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

• Extensive progressive finance experience, including roles as CFO, Fractional CFO, Finance Director, or a similar senior financial advisor for U.S. businesses.

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

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

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

• Proficient in Excel or Google Sheets.

• Excellent command of professional English.

• Confidence in leading management discussions and exercising sound judgment.

• Ability to translate financial insights into actionable recommendations.

• Capability to deliver consistently within a limited monthly allocation, participate in recurring meetings, and respond swiftly during agreed communication periods.

• Preferred qualifications include CPA, CMA, CA, MBA in Finance, or comparable professional certification.

• Experience in preparing lender reporting packages, assisting financing applications, and advising businesses facing liquidity challenges is preferred.

• Familiarity with inventory-centric businesses, manufacturing, beverage production, or spirits is preferred.

• Experience with Proof 8 is a plus.

• Prior fractional advisory or outsourced finance experience, including collaboration via Slack and shared Google Drive workspaces, is preferred.

• Resume must be submitted in PDF format only.

🏝️ Benefits

• Part-time consulting opportunity.

• Flexible remote work arrangement.

• Meetings scheduled during U.S. business hours.

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