BSG Executive Search Blog

[Closed Search] Chief Financial Officer for New England SaaS Software Company

Written by Clark Waterfall | May 23, 2011 12:38:25 PM

Our client provides a leading Direct-to-Consumer (D2C) campaign and order management platform that serves the unique needs of Direct Response and eCommerce businesses with Web-based technology (SaaS).

As a key member of the management team, the CFO will provide strategic financial input and leadership on decision-making issues affecting the organization by the development of sophisticated financial planning, budgeting and forecasting models for operating and capital purposes, product/service profitability and contribution analyses and special project analyses as needed.  Key to the role is an ability to bring a strategic level of leadership to the finance function, serving as financial strategist while managing the day-to-day requirements of the finance, legal & HR departments.

The CFO will be part of the senior operating team with principal responsibilities including:

  • Provide strategic and tactical thinking as well as broad business insight. Take a leadership role in developing the financial strategy to support the growth of the business, while continuing to drive operating efficiencies
  • Interact with the company’s Board of Directors, including audit committee and outside independent auditor firm
  • Support & partner with senior management team with improved ongoing analytical and financial management data and insight
  • Develop and maintain a strong relationship with lending institutions, investment bankers, financial analysts, shareholders and the financial community in general
  • Manage all corporate financial functions including general accounting, internal reporting and controls, planning, human resources, budgeting, forecasting and variance analysis
  • Oversee all regulatory and tax reporting
  • Direct the preparation of annual operating and capital budgets and cash flow projections
  • Drive any additional capital raising efforts, if needed
  • Establish best practices, identify and implement operational and system enhancements, and recommend new initiatives

Ideal Candidate Profile

The diagram below illustrates a comprehensive intersection of competencies critical in the CFO position:

Team

Reporting to the CEO, the CFO shares the responsibility for communication with the board.  Reporting currently to the CFO are an accounting manager and a contracts manager. Total employee base is approximately 25 and growing.

Compensation

Compensation is competitive with the position’s requirements.  In a performance-based environment, this will include base salary, incentive bonus structure based on both individual and company milestones, and a stakeholder position in the company.