CFO

For over two decades, Kranz Consulting has been the recognized leader in providing superior financial consulting and advisory services requested by CEOs, Boards, CFOs, and the most prominent Venture Capital firms.

About the role

This is a full-time position as an employee of Kranz Consulting, while providing fractional/interim CFO consulting services to our clients. The role reports to the Emerging Growth Practice Leader and requires a seasoned professional with excellent interpersonal and leadership skills, coupled with demonstrated CFO experience in Finance & Accounting consulting. The ideal candidate will be comfortable generating new business through cultivating existing relationships and developing new ones, as well as cross-selling other firm services including Technical Accounting and VC Fund Administration. A key aspect of the role is promoting a culture of collaboration and mentorship to junior staff.

Utilization goal: 65-70% billable (on average) while spending time on business development activities.

Responsibilities

• Act as primary contact with clients on consulting engagements.
• Manage client financial functions, including accounting, finance, treasury, and systems.
• Prospect new business development opportunities and attend client meetings to architect solutions based on client needs.
• Assist with onboarding new clients and provide quality assurance for internal Kranz work-product prior to client delivery.
• Engage and coordinate with specialist resources (tax, legal, benefits, etc.).

Accounting

• Oversee the accounting team on all accounting matters, ensuring timely and accurate accounting close and consolidations.
• Drive compliance and efficiency across accounting, controllership, and month-end close functions.
• Direct the development of and communicate policies to ensure adherence to GAAP, including a roadmap for transitioning from modified to full GAAP.
• Prepare, maintain, report, and present all financial statements, including supporting reconciliations, footnotes, and disclosures (e.g., debts/warrants, inventory, COGS).
• Develop and maintain thorough knowledge of accounting policies, financial systems, transaction processes, internal controls, and chart of accounts.
• Review journal entries for complex accounting areas with explanations.
• Review account analyses and monthly analytical reviews of balance sheets and income statements.
• Ensure timely billing and invoicing of all revenue, compliant with revenue recognition policies (ASC 606, ASC 605).
• Ensure lease accounting compliance with ASC 842.
• Manage local, state, federal, and international government reporting, including sales and use tax, state tax registrations, and franchise tax filings.
• Prepare and present financial information to Investors and Audit Committees as necessary.
• Research and resolve complex accounting issues while balancing client-preferred solutions.
• Clearly communicate US GAAP requirements and current diversity of practice for modified GAAP among early-stage companies.

Finance

• Provide analytical support and business guidance to the client’s Leadership Team on key strategic decisions.
• Identify key risks and opportunities affecting the company’s financial results and make recommendations.
• Develop key metrics and dashboards, including experience with SaaS revenue models.
• Drive improvement in key business metrics alongside the client’s Leadership Team.
• Assist in the preparation of and monitor performance against the company’s budget, rolling forecasts, and business plan.
• Partner with business leads to understand and explain financial variances in plans and forecasts.
• Ensure timely reporting of monthly financial information for executive staff, stakeholders, and the Board of Directors.
• Prepare detailed analyses, summaries, and reports of financial data on the company’s operating progress.
• Provide financial support and leadership in fundraising, transactions, liquidity events, and other strategic financial activities.
• Design and/or maintain processes and systems to ensure robustness and accuracy of data for Reporting and Analytics.
• Lead Investor reporting.

Treasury

• Manage cash records, ensure proper reconciliation of all cash accounts with banks, and project future cash forecasts.
• Provide oversight of effective client internal controls.
• Monitor all subsidiary ledgers for customer activities and ensure timely collection.
• Manage foreign currencies, including functional/local currency analysis/elections and risk management derivatives.
• Develop and maintain banking relationships.
• Manage the company’s compliance with local and federal regulatory matters.
• Maintain adequate debt coverage in support of the company’s needs and plan.
• Maintain proper insurance coverages and review major contracts/subcontracts for completeness and risk management issues.
• Review all contracts with customers and vendors for consistency and compliance with company policies and accounting requirements.
• Remain current in federal and multiple state tax laws.
• Maintain the company’s stock register and ensure proper recording of all equity activity in the balance sheet.
• Ensure tax compliance with the issuance of ISO’s/NSO’s for stock-based equity transactions and timely completion of 409A valuation reports.

Business Development & Client Management

• Responsible for business development, architecting solutions for potential clients, and onboarding new clients based on approved proposals.
• Manage various client accounting systems and their integration with other key business systems to support growth, in partnership with Information Technology.

Qualifications

• Bachelor’s degree; MBA or CPA preferred.
• Consulting experience preferred; large accounting firm experience preferred.
• Proven experience in a CFO-level role in a for-profit company.
• Minimum of 10 years of accounting and finance experience, with 5 years of managerial experience leading accounting teams in a global company, including 3+ years at a public company.
• International accounting experience preferred.
• Experience working with fast-growth, rapidly changing, fast-paced companies with multiple priorities and deadlines.
• Strong understanding of GAAP and current revenue recognition & financial reporting trends.
• Proficiency in Microsoft and Google suites; experience with complex accounting systems.
• Prior ERP implementation experience highly preferred.
• Excellent organizational and leadership skills.
• Outstanding communication skills and ability to see the big picture while anticipating business issues.
• Experience negotiating contracts with suppliers and customers, including software license agreements and purchase agreements.
• Demonstrated experience managing day-to-day aspects of consulting, client relationships, and projects.
• Demonstrated leadership and effective management in a growing professional services organization.
• Ability to operate in high-pressure, fast-paced environments and adapt to unexpected changes in timelines, deadlines, and scope of work.
• Experience across a wide variety of industries.
• Demonstrated ability to lead people and develop successful work teams.
• High-level integrity, creativity, good business judgment, and ability to quickly gain the respect of senior management.
• Excellent interpersonal skills and a sincere customer service attitude.

Benefits

• Comprehensive compensation program, including 401K with employer match.
• Health benefits.
• Bonus program.
• Vacation, floater holidays, and paid company holidays for full-time employees.
• Individual development support, continuous training (through various certification courses), mentorship for career goals, and teamwork promotion.