NORTHEAST CAPITAL FUND II

CHIEF FINANCIAL OFFICER C-SUITE POSITION

 

The ideal candidate will report directly to Board of Directors, CEO and CFO, the Chief Financial Officer (CFO)  oversees the financial health of the company and its ecosystem companies.

 

RESPONSIBILITIES

As a member of the executive C-Suite, the CFO is responsible for developing the financial well-being of the organization by providing financial projections and accounting services; preparing growth plans; directing staff and performing effective risk management and plan of action for the company’s financial strategy. 

The CFO works closely with the CEO and the COO; playing a complex role to the company’s survival, the CFO actively investigates the safeguards the finances of NCF II.  The CFO must be well-versed in all aspects of financial management ranging from simple accounting to broad investment and banking operations with a focus on protecting the company’s revenues and profits to achieve full financial control and sustainable growth.

 

MANAGING FINANCES

  • The CFO plays a key role in all important financial matters including but not limited to;

  • Reporting financial status by developing forecasts; reporting results; analyzing variances; developing improvements.

  • Ensuring all financial reports, such as the income statement and balance sheet, are prepared according to generally accepted accounting principles (GAAP) and Securities and Exchange Commission (SEC) regulations.

  • Evaluates requests for capital expenditures to determine feasibility and return on investment.

  • Perform risk management by analyzing the organization’s liabilities and investments.

  • Decide on investment strategies by considering cash and liquidity risks.

  • Control and evaluate the organization’s fundraising plans and capital structure.

  • Ensure cash flow is appropriate for the organization’s operations.

  • Supervise all finance personnel (controllers, treasurers etc.).

  • Prepare reliable current and forecasting reports.

  • Set up and oversee the company’s finance IT system.

  • Ensure compliance with the law and company’s policies.

 

MANAGING FINANCIAL PERFORMANCE

Financial Monitoring

  • Monitoring NCF II’s financial performance by measuring and analyzing results; initiating corrective actions; minimizing the impact of variances.

 

Economic Trends 

  • Developing company prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects.

 

Analyzing Operations

  • Analyzing NCF II operations; identifying opportunities for improvement, cost reduction, and systems enhancement; accumulating capital to fund expansion.

 

MANAGING INVESTMENTS

The CFO provides advice on matters concerning changes in investment strategy, asset allocation, investment risk and limits; along with, assisting in the development of strategic partnerships between NCF II’s Ecosystem portfolio and other potential ecosystem companies and financing sources. 

 

Maximizing ROI 

  • Maximizes return on invested funds by identifying investment opportunities; maintaining relationships with the investors and the investment community.

 

Raising Capital

  • Work with the CEO and COO in the capital raise process, participate in company events.  Meet, interact and present information effectively to potential investors and private equity firms.

 

 

MANAGING STRATEGIC RESOURCES

In addition to its finances, the CFO works closely with senior management team to accomplish finance human resource strategies by determining;

  • Accountabilities.

  • Policies, and procedures.

  • Implementing recruitment.

  • Communicating and enforcing values.

  • Planning and reviewing compensation strategies.

  • Planning, monitoring, appraising, and reviewing job contributions.

  • Selection, orientation, training, coaching, counseling, disciplinary, and communication programs.

 

Organizational Strategies

  • Contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organizational objectives.

 

Operational Strategies 

  • Evaluating trends; establishing critical measurements; determining production, productivity, quality, and investment  strategies; designing systems; accumulating resources; resolving problems; implementing change.

 

Financial Strategies

  • Develops financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; developing action plans.

 

Interacting with the Board and dealing with governance matters, the CFO:

  • Supports the Chairman in setting and shaping Board meeting agendas to ensure Board discussions are informed, productive, constructive and inclusive.

  • Advises the Board on all policy, delivery and strategic issues.

  • Effectively implements the duties and responsibilities assigned by NCF II Board of Directors.

  • Communicates with the Board on the activities, investments and business development activities. 

  • Prepares an annual report on CFO activities; along with, an annual financial report prepared according to generally accepted accounting principles (GAAP) and Securities and Exchange Commission (SEC) regulations for approval by the Board.

  • Required Skills/Talents

  • Professional qualifications include an advanced degree or equivalent knowledge, skills, abilities, and experience in business management, finance, public relations and strategic development. As a CFO representing NCF II, you must be able to meet the following objectives:

  • Proven experience as CFO, Finance Officer or relevant role.

  • In depth knowledge of corporate financial law and risk management practices.

  • Excellent knowledge of data analysis and forecasting methods.

  • Proficient in the use of MS Office and financial management software (e.g. SAP).

  • Ability to strategize and solve problems.

  • Strong leadership and organizational skills.

  • Excellent communication and people skills.

  • An analytical mind, comfortable with numbers.

  • CPA is a strong advantage.

  • BSc/BA in Accounting, Finance or relevant field; MSc/MBA is a plus.

  • Developing Budgets.

  • Quality Management and Strategic Planning.