Published : May 20, 2025 - The Chief Financial Officer leads strategic planning, business development, and digital transformation initiatives to drive long-term value creation and scalable growth. This position oversees financial reporting, risk mitigation, and cross-functional alignment with a focus on compliance, technology integration, and stakeholder engagement. This role cultivates high-performing teams across Finance, Accounting, and IT while fostering strategic partnerships and enhancing corporate governance.
A Review of Professional Skills and Functions for Chief Financial Officer
- Record Keeping : Maintains the records of the company in accordance with Generally Accepted Accounting Principles (GAAP)
- Strategic Decisions : Participate in pivotal decisions as they relate to strategic initiatives and operational models with a strong focus on revenue growth and profitability
- Cross-Departmental Alignment : Interact with and bring departments and subsidiaries into line with CEO’s plans, initiatives and recommendations
- Performance Management : Continuously monitor and develop the performance of the organization as a whole, and take corrective action
- M&A Leadership : Proactively lead M&A opportunities, negotiation, due diligence, execution and post-acquisition integration
- Stakeholder Partnership : Partner with key stakeholders to aid the company in continuing its current growth path
- Commercial Review : Rigorously review and improve the company's commercial activities
- Contract Management : Support development, negotiations and monitoring of client and vendor contracts
- Business Execution : Monitor and direct the implementation of the strategic business plans and the development and execution of supporting tactical initiatives
- Business Analysis : Identify, develop and execute analysis of business initiatives and / or new service offerings
- Budget Support : Consistently support management team to achieve budget, revenue and EBITDA goals
- Accounting Supervision : Supervise all accounting and reporting control processes to ensure the integrity of financial statements and the safeguarding of assets
- Staff Management : Maintain and manage a lean staff of finance and infrastructure professionals
- Financial Evaluation : Provide support in the evaluation of potential acquisitions, divestitures, joint ventures, new market entry, and direct financial integration of new initiatives
- Executive Partnership : Partner with the CEO and other members of senior management on performance against plans and budgets
- Data Analysis : Provide useful and objective analysis to other executives to assist in evaluating results and in driving a greater level of accountability throughout the organization
- Technology Upgrade : Upgrade technology utilization in the financial processes to ensure that financial systems are maintained
- Communication Preparation : Prepare communications on internal control statements and representations
- Fund Oversight : Oversee a portfolio of existing real estate funds and other co-mingled investment vehicles
- Fund Management : Responsible for the management of fund accounting, reporting, capital calls, and distributions
- Team Supervision : Supervise the accounting team on day-to-day operations and activities (4 individuals)
3. CFO Responsibilities
Finance Management : Manage finance and accounting functionsBusiness Analysis : Provide business analysis on the company's operations and product resultsAccounting Direction : Direct all accounting functions, including payroll, accounts receivable / collections, expense processing, taxes, and revenue recognition and reporting (working with a Senior Accountant)Profit Leadership : Provide leadership needed to plan and grow profit efficiently, including developing budgets and providing accurate projections in support of business strategyResults Presentation : Present a timely and valid interpretation of operating resultsFiscal Operations : Responsible for overall fiscal operations including directing internal financial programs and procedures, and maintaining useful relationships with outside partners and vendorsFinancial Modeling : Provide ongoing financial analysis and modeling to a range of company leaders in support of key business decisionsCompliance Leadership : Provide sound leadership in complying with financial and legal requirementsFinancial Planning : Develop short-range and long-range financial plans to achieve established corporate goalsStrategy Definition : Define the financial strategy, present to executive leadership on a regular basis, and conduct meaningful proactive analysis to improve key financial decisionsTax Management : Manage annual tax and audit reporting proceduresCEO Reporting : Report directly to the CEO, closely collaborating with other divisions of the company4. CFO Job Summary
Executive Alignment : Align the executive team around financial objectives and serve as a resource in achieving business goalsBudget Planning : In conjunction with the CEO, build and maintain a rolling budget / business plan and associated annual and quarterly Objectives and Key Results (OKR’s)Goal Setting : Set financial goals and establish effective performance metrics (KPI’s)P&L Management : Drive profit and loss accountability including standard costs, product-level gross margins, brand P&Ls, and functional SG&A targetsCapEx Management : Drive CapEx decisions to fuel aggressive growth in manufacturing and distribution capabilities for imminent investmentsSales Incentives : Work with the COO to develop, track, and administer a Sales incentive program that incentivizes margin-accretive top-line growth ahead of the Company’s annual growth targetAccounting Management : Manage the accounting systems, processes, and procedures to record, monitor, and report on the organization’s assets and liabilities in compliance with generally accepted accounting principles and all regulatory requirementsFinancial Reporting : Provide a timely monthly close and provide regular flash reports internally and externally to key stakeholdersReporting Accuracy : Ensure completeness and correctness in all financial reportingFinance Oversight : Oversee all matters related to accounting and finance5. Chief Financial Officer (CFO) Functions
Financial Control : Implement and maintain a financial control system that ensures the ssets of the company are protected and financial reporting is accurateAccounting Management : Manage and support accounting personnel for all accounting and accounting-related tasksControl Procedures : Ensure that control procedures and financial systems are in place and functioning as designedOrganizational Structure : Provide for the necessary organizational structure and personnel to perform accounting tasks in alignment with control procedures in a timely and accurate mannerPayroll Management : Manage payroll process and related employee compliance, including all payroll tax reporting and other payroll compliance itemsCompliance Assurance : Ensure that all accounting activities are performed in accordance with GAAP and regulatory requirementsDebt Management : Manage debt and financing activities, including debt payment and related accounting and financial reporting required by any loan agreementsCash Management : Manage daily, weekly and monthly cash requirements and develop best uses of cash and other financial resources for recommendation to other managementFinance Representation : Participate with company management as a finance representativeFinancial Reporting : Provide financial statements to management and the boardPerformance Reporting : Provide useful management reporting for monitoring the company’s performance both financially and operationally6. CFO Job Description
Accounting Development : Continue to build and scale an outstanding accounting functionControl Development : Develop internal control guidelines, policy and procedure. Implement proper financial controlsMonth-End : Oversee month-end close. Design, implement, and maintain appropriate processes and policies to enable accurate and timely financial reportingTechnical Leadership : Provide technical accounting leadership and guidance on significant and complex accounting matters, especially those related to revenue recognition in the dynamic and evolving medtech spaceSystems Strategy : Set the strategic direction for the financial systems team to ensure the proper automation, auditability and controls on underlying data sets and recordsFinancial Statements : Prepare timely and accurate consolidated financial statements for investors and Board of DirectorsChart Management : Work closely with FP&A on developing and maintaining the ideal chart of accounts that allows for closing speed and detail for management reporting needsAudit Liaison : Liaise between external auditing firm and internal financial operations and PE firmGovernance Collaboration : Work with the CEO and General Counsel on corporate governance mattersTax Treasury : Oversee tax and treasury, assist and support outside counsel on all required tax filings and optimize treasury and transfer pricingCompliance Assurance : Ensure compliance with state and federal regulatory requirements and professional standards7. CFO Overview
Cash Management : Improve the cash conversion cycle through better management of and reporting on inventory, accounts payable, and credit and collectionsCash Projection : Develop a cash flow projection process and reporting to ensure adequate capital for operating needsInternal Controls : Ensure internal controls and related processesProcess Improvement : Identify opportunities to improve processes and increase profitabilityStaff Development : Recruit, train, and mentor staffOperations Oversight : Oversees all operational and administrative functions and ensures that the core operations of the clientTransformation Leadership : Drive transformation initiatives, modernize technological infrastructure, identify, develop, and launch new capabilities and programs that are both technical and people-drivenBudget Planning : Set clear priorities and measurable budgets and goals in order to optimize the delivery of high-quality services on time and on budget with data-driven decision makingPartnership Management : Preserve and expand partners, donors and knowledge base and further enhance the client as a leader in providing social services to the Jewish Community and the public at large in Broward CountyMission Commitment : Passionate about social enterprises, and committed to the client's Mission and Vision8. CFO Tasks
Finance Leadership : Lead and manage the finance and accounting function to ensure the accuracy, timeliness, and compliance of financial reporting, budgets, and tax planning and preparationFinancial Analysis : Prepare and provide analysis on cash flow forecasts and summaries, revenue forecasts, sales by SKU, monthly financial statements, and market data and insightsModel Preparation : Prepare and update financial models to support business growth initiativesBudget Management : Manage the annual budgeting process and facilitate approval by the Board of DirectorsStrategic Planning : Inform strategic decision-making by participating in Quarterly and Annual Strategic Planning SessionsProject Analysis : Provide specific financial analysis including special projects and detailed analysis regarding certain trendsAudit Management : Manage any financial and compliance audits or reviews which are required annuallyTax Filing : Manage filings of federal and state tax returns and quarterly payment of these applicable taxesTax Compliance : Ensure financial compliance reporting for sales tax, property tax, and any other tax compliance areasRegulatory Compliance : Ensure compliance with any other non-tax federal, state, or local filing obligations that involve finance, payroll, or human resourcesLaw Compliance : Ensure compliance with any new federal and state laws involving tax, payroll, or human resources9. CFO Roles
Financial Leadership : Provide leadership, direction for the financial departmentBusiness Planning : Establish and administer business plans and budgets, along with goals and deliverables, to align with the business strategyAcquisition Financing : Design creative ways of financing acquisitionsStrategic Advising : Provide strategic recommendations to the CEO / President and members of the executive management teamFinancial Planning : Advise on long-term and short-term business and financial planningGrowth Support : Assist the management team in driving aggressive growthForecast Management : Manage the processes for the financial forecasting and budgets and oversee the preparation of all financial reportingStakeholder Relations : Establish and develop relations with senior management and external partners and stakeholdersTax Oversight : Oversee the preparation of all tax compliance reportingTreasury Management : Oversee treasury and banking functionsCompensation Management : Provide insight and be part of the management of compensation, fringe benefits, and commercial insurance linesSystem Development : Lead the development of financial systems / structure / processes to ensure quality and drive uniformity and efficiencyAccounting Practices : Make sure Ryan managers are practicing both cost and managerial accounting practices in managing departmentsField Oversight : Spent enough time in the field with managers to see that this is actually happeningAccounting Responsibility : Responsible for all accounting and financial activity of the corporation, which adheres to company policyCredit Management : Responsible for all credit and collectionsCorporate Governance : Responsible for all Corporate Governance and Corporate Secretarial duties for the LLC and its subsidiariesTax Compliance : Responsible for ensuring compliance with all local, state, and federal tax regulations and filingsStaff Development : Develop, train and manage an effective staffERP Implementation : Hire and direct staff for the implementation of ERP systemPolicy Management : Establish and maintain all finance and accounting policies and proceduresTeam Leadership : Lead and mentor the finance and accounting teamsStrategic Leadership : Provide strategic financial input and leadership on decision-making issues affecting the company and evaluate and advise on the impact of long-range planning (i.e., growth, markets, strategies, and investments)Financial Strategy : Lead strategy and execution across all financial functions including accounting, finance, treasury, tax and strategic planningProcess Implementation : Implement processes, frameworks and systems that allow MIG to capture and utilize timely and accurate data across the business to make better decisions as we grow the development and construction divisionsFP&A Leadership : Leadership for all financial planning & analysis, including ownership of annual budgeting, periodic forecasting, KPI / dashboard management and operational analytics processes that inform the CEO and senior management on company performance in real timePartner Relations : Develop and maintain relationships with external partners that support the finance, debt, acquisitions and development infrastructureOpportunity Analysis : Develop organization prospects by studying economic trends and revenue opportunities, projecting acquisition and expansion prospects, analyzing organizational operations and identifying opportunities for improvement, cost reduction, and systems enhancements as well as strategic deployment of capital to fund further investmentsTech Innovation : Build MIS, AI and data analytics infrastructure while assessing emerging technologies and promoting the use of new technology systems and processes to streamline business functions and reportingCash Optimization : Cash flow optimization, through cash forecasting, working capital management and investment analysisReporting Execution : Execute a timely monthly close of all financial reporting and publish regular flash reports internally and externally to key stakeholdersBanking Administration : Administer banking arrangements, loan agreements, covenant compliance and maintain adequate sources of capital for the company’s current borrowings from commercial banks and other lending institutions12. CFO Role Purpose
Value Creation : Lead value creation efforts including strategic planning and business developmentBusiness Development : Lead business development activity including mergers and acquisitionsDigital Transformation : Lead digital transformation efforts including the development of information technology architecture to support anticipated business growthAccounting Leadership : Lead the Accounting team in providing accurate, timely and useful financial and management reporting in compliance with GAAPRisk Management : Lead risk assessment and mitigation efforts including setting direction on commercial terms and conditionsTeam Mentoring : Mentor, coach, and develop the Finance, Accounting, and Information Technology teamsProfessional Relations : Act as the company lead in relationships with Professional Services firms such as Accounting, Banking, Legal and InsuranceExecutive Partnership : Partner with the other senior executives across the company to continue developing a forward-looking company strategy and building a culture of strong ethical standards, cohesion, accountability, and teamworkCEO Partnership : Partner with the CEO on financing strategy, board communications, and corporate development, utilizing existing relationships and building new ones across the real estate finance communityStrategic Partnership : Partner with all members of the senior management team and other company leadership on short, medium- and long-term business strategy13. CFO General Responsibilities
Process Consistency : Drive consistency amongst processes, policies and operational discipline throughout the businessLeadership Influence : Act as an effective leader with the ability to connect with and inspire a high-performance culture that drives positive changes and executes swiftlyOperational Performance : Ensure predictable operational performance is achieved in terms of customer service levels and asset availability / conditionStrategy Translation : Assists in the translation of the CEOs vision into operational strategy, and prioritiesOperational Strategy : Set the strategic direction for the operational functions that will drive bottom-line growth, whilst creating a robust and effective businessGlobal Efficiency : Drive global efficiency and effectivenessExecution Support : Deliver the organizational structure, tools, data, measures and processes to support rapid execution and growthPerformance Reporting : Oversee reporting for operational performance, and ensure improvement against key indicatorsOffshore Management : Ensures offshore services are efficient and are being leveraged globally in an effective and efficient mannerTalent Development : Hire, develop and help train key talent across all teamsP&L Leadership : Work alongside the CFO to lead the business with full global P&L responsibility and take ownership of a number of divisions in the company14. CFO Roles and Details
Finance Management : Reporting to the CEO and Managing Director, manage the finance and accounting function for the business, including tax and treasuryAdmin Leadership : Lead administrative programs such as IT, HR, Purchasing and InsuranceRegulatory Compliance : Ensure that the company complies with all relevant SEC and governmental regulationsRisk Management : Proactively manage all risks to the businessInvestor Support : Support the senior executive team with fundraising, investor relations and other key activitiesCorporate Leadership : Providing corporate leadershipStrategic Planning : Business planning, accounting and financial strategyTreasury Management : Funding and Treasury ManagementPerformance Management : Performance and Organisational ManagementCompany Secretary : Company Secretary, compliance and assurance15. CFO Responsibilities and Key Tasks
Team Leadership : Lead the current finance team of 4, comprised of FP&A and Accounting functionsStrategic Planning : Determine both short-term and long-term business strategy based on deep foundational knowledge of business, competitors, and the modelCapital Management : Maintain relationships and shepherd future capital raises from start to finishFinancing Structure : Develop a robust financing structure for the company to meet near-term and long-term needsFinancial Oversight : Oversee financial planning during a time of significant investments and doubling in budget and headcountAccounting Oversight : Oversee the accounting function as growth brings us into more complex auditing requirements and taxation and regulatory compliance internationallyReporting Compliance : Ensure the business is reporting effectively to auditors, the Board, and internal constituenciesCorporate Development : Build Corporate Development capabilities for any future potential acquisitionsInvestor Relations : Develop an equity story and prepare presentation materials for investors in preparation for raising funds and listingBusiness Development : Business plan development and correspondence with investors, banks, auditors, securities companies, etc.#J-18808-Ljbffr