find the financial leader that your business is lacking
The average tenure of a CFO is estimated to be 3 to 5 years. Some experts estimate that the CFO turnover rate has only increased over the past few years. This phenomena has occurred due to the computerization of the financial function, a volatile economy, and the rapid increase in the rate of change in businesses today.
With that in mind, finding the right CFO or financial leader for your organization is often a hit or miss. Most CEOs hire several CFO/Controllers before finding the right fit. Unfortunately, this can result in diverting the management team’s focus away from running the business and, ultimately, the company loses the momentum for growth. Hiring a bad fit is a productivity killer.
Is there a better way to find the right fit?
You know that hiring a CFO who complements your culture and has the skills required to achieve your targeted growth from the get-go eliminates the wasted effort and lost profits from a bad hire.
Utilizing our CFO Retained Search process allows you and your team to focus on what matters most: growing your business. We will find the right long-term solution for your company.
There are numerous CFO Retained Search firms in the marketplace. Unfortunately, their culture is a sales culture. The focus is on filling the position as soon as possible then moving on to the next transaction. The end result is that the client picks up the pieces when the hire goes bad.
There is a saying: “Hire in haste, regret in leisure.” We feel that the window of opportunity of hiring the right CFO is more than a 30-day wonder. By actively recruiting, developing long-term relationships with CFOs, and maintaining active networking efforts, a retained search firm like The Strategic CFO™ is in the best position to hire the right financial leader.
We Assess Your Needs and Evaluate the Organization
As consultants, not recruiters, our unique perspective helps us identify the caliber of financial management professional you should consider within the context of your organization’s culture.
We Participate in Interviews
We pre-screen candidates for your position and participates in all interviews to facilitate your organization’s evaluation of candidates.
We Help You Close the Deal
We provide guidance in structuring a competitive offer, negotiating with the candidate and preparing the offer letter. The Strategic CFO™ also completes reference checks.
Why SCFO Staffing?
- Controllers
- Accounting Manager
- Accountant
- CFO
If the CFO steers the company strategically, then the Controller manages the internal financial function to ensure the CFO can steer forward. This is a very important role. A Controller must have the following:
- An accounting degree
- Preferably their CPA
- At least 10 years of accounting experience
They typically report to the CFO or business owner.
An Accounting Manager must have the following:
- An accounting degree
- CPA or non-CPA
- At least 5 years of accounting experience
They have full responsibility for the accounting cycle. In addition, they supervise staff in the accounting department. They report to the Controller, CFO, or business owner, depending on the size of the business.
An accountant fits into the following profile:
- Accounting degree or equivalent
- Non-CPA
- At least 5 years of accounting experience
They understand basic accounting principals and are good users of Quickbooks (or other accounting software). This person is usually a person that has moved up from an AP clerk or AR clerk. This position reports to the Accounting Manager or Controller. But in a small company, they may report to the business owner.
CFO requirements are:
- At least 3 years as a CFO, must have more than 15 years of total working experience
- Accounting or Finance Degree or MBA
- Certified Public Accountant (CPA) – Preferred but not required
After a recent placement, we received this message from the client—
Hear from our client, Marshall Hoffman, President and Founder of Steel Supply LP, discussing how The Strategic CFO™ helped him find the right fit for his company.
