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Shared Chief Financial Officer (CFO)

BREAK SOMETHING & AFFILIATED COMPANIES SEEK A SHARED CFO

Position Overview:

Break Something Inc and affiliated companies seek an experienced Chief Financial Officer to ensure the financial success of our companies as we grow.

Chief Financial Officer Duties:

  • Dynamic Budgeting: Develop, maintain, and regularly iterate on a dynamic budget that reflects the agency's strategic priorities and financial goals.
  • Financial Systems Development: Build and optimize financial systems, processes, and safeguards to ensure accuracy, efficiency, and compliance.
  • Compliance Oversight: Manage tax planning and federal compliance, including liaising with external vendors such as accountants to ensure timely and accurate filings.
  • Client Billing and Collections: Oversee client invoicing processes, monitor accounts receivable, and ensure prompt payment of outstanding invoices.
  • Cash Flow Management: Generate and analyze weekly reports to monitor cash flow, liquidity, and financial performance.
  • Stakeholder Relationships: Build and maintain strong relationships with banks, donors, vendors, external consultants, and other critical stakeholders.
  • Investment Strategy: Provide short-term investment recommendations to ensure sufficient liquidity while generating passive income.
  • Strategic Financial Planning: Collaborate with executive leadership to align financial strategies with the agency's mission and long-term goals.
  • Risk Management: Identify and mitigate financial risks, ensuring the agency’s financial stability and security.
  • Payroll Oversight: Ensure smooth and compliant payroll operations, working with external payroll providers as needed.
  • Expense Management: Monitor and control operational expenses, implementing cost-saving measures without compromising quality or impact.
  • Performance Metrics: Develop key performance indicators (KPIs) to assess financial health and operational efficiency, and present insights to leadership.
  • Bachelor's Degree in Accounting, Finance, Management
  • Minimum 7 years’ accounting/finance experience
  • Experience integrating IT/Systems to improve accounting productivity and accuracy
  • Experience working with external auditors, compliance and regulatory oversight
  • Expert in Excel and Quickbooks
  • 100% employer-paid premiums for platinum-level medical plan on a national health care network
  • 100% employer-paid vision and dental insurance
  • 401(k) with 5% employer match and immediate vesting
  • 15 paid holidays, 20 days of paid time off, sick leave, and bereavement leave.
  • Paid parental and medical leave at 100% of your salary
  • Company issued laptops
  • Regular stipends and/or reimbursement for: Cell phone service, home internet, meals, and more.
What You Should Know About Shared Chief Financial Officer (CFO), Break Something

Break Something Inc and its affiliated companies are on the lookout for a savvy Shared Chief Financial Officer (CFO) to steer the financial direction of our organizations. In this pivotal role, you'll be knee-deep in dynamic budgeting, ensuring our financial plan reflects our strategic goals while adapting to the ever-changing landscape. You'll also get to flex your skills in developing efficient financial systems and processes, ensuring everything runs like a well-oiled machine. Compliance will be one of your key responsibilities, managing tax planning and liaising with external accountants for timely filings. As the lens through which the company views its financial health, you'll oversee client billing and collections, ensuring prompt payments and monitoring our cash flow to maintain liquidity. Your ability to build and maintain strong relationships with banks, vendors, and other stakeholders will be essential as you take on investment strategies to generate passive income. Additionally, collaboration with our executive leadership team will allow you to align financial strategies with our mission. This is an excellent opportunity for someone with at least 7 years of accounting or finance experience and a knack for integrating technology to improve our accounting operations. At Break Something Inc, we value your expertise and provide a comprehensive benefits package, including full medical, vision, and dental coverage, a 401(k) with a generous employer match, ample paid time off, and so much more. Join us as we facilitate meaningful growth and impact!

Frequently Asked Questions (FAQs) for Shared Chief Financial Officer (CFO) Role at Break Something
What are the main responsibilities of the Shared Chief Financial Officer at Break Something Inc?

As the Shared Chief Financial Officer at Break Something Inc, you will oversee dynamic budgeting, compliance oversight, financial systems development, client billing and collections, and cash flow management. Your role will involve strategic financial planning, risk management, and ensuring smooth payroll operations while monitoring expenses and developing key performance indicators to gauge the financial health of the agency.

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What qualifications do I need to apply for the Shared CFO position at Break Something Inc?

To be eligible for the Shared Chief Financial Officer position at Break Something Inc, you must possess a Bachelor's Degree in Accounting, Finance, or Management. Additionally, candidates should have a minimum of 7 years of accounting or finance experience, as well as demonstrated expertise in systems integration and compliance oversight. Proficiency in Excel and QuickBooks is also essential.

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How does the Shared CFO at Break Something Inc handle risk management?

The Shared Chief Financial Officer at Break Something Inc plays a crucial role in risk management by identifying potential financial risks and implementing strategies to mitigate them. This involves regular financial performance analysis, compliance with regulations, and maintaining strong relationships with stakeholders to ensure the agency's financial stability and security.

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What benefits can I expect as the Shared CFO of Break Something Inc?

As the Shared Chief Financial Officer at Break Something Inc, you can look forward to an impressive benefits package that includes 100% employer-paid premiums for a platinum-level medical plan, vision, and dental insurance. Additionally, you'll enjoy a 401(k) plan with a 5% employer match, generous paid time off including holidays, and paid parental leave, among other stipends.

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What skills are important for the Shared CFO role at Break Something Inc?

Key skills for the Shared Chief Financial Officer position at Break Something Inc include strong financial acumen, effective communication, strategic thinking, proficiency in Excel and QuickBooks, and the ability to build relationships with various stakeholders. Experience in risk management and technology integration to enhance accounting productivity is also crucial.

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Common Interview Questions for Shared Chief Financial Officer (CFO)
What experience do you have in dynamic budgeting as a CFO?

In my previous role, I actively developed dynamic budgets that not only aligned with our strategic goals but also allowed for frequent adjustments based on real-time data. I believe effective budgeting requires continuous monitoring and collaboration across departments.

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How do you ensure compliance with financial regulations?

To ensure compliance, I establish rigorous oversight protocols and regularly communicate with external auditors. I maintain up-to-date knowledge of federal regulations and involve external consultants when necessary to safeguard our compliance.

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Can you describe your experience with cash flow management?

In my last position, I generated weekly cash flow reports, identifying trends and making proactive adjustments to our strategies. Effective cash flow management is about anticipating needs and ensuring liquidity for operational stability.

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What strategies do you use for stakeholder relationship management?

I believe in transparent communication and building trust through regular updates and feedback loops. My strategy includes establishing solid connections with banks and vendors to create a network of support for our financial initiatives.

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How do you approach risk management in financial planning?

My approach to risk management involves a combination of thorough analysis and strategic foresight. I prioritize identifying potential risks early and developing contingency plans to mitigate any impact on our financial stability.

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Describe your experience with client billing and collections.

I've developed streamlined billing processes that ensure timely invoicing and follow-up on collections. My focus has been on establishing clear communication with clients regarding payment terms and maintaining a professional yet assertive approach.

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What is your process for developing key performance indicators (KPIs)?

I collaborate closely with various departments to identify metrics that align with our strategic goals. I believe KPIs should provide actionable insights, and I regularly review them to ensure they drive performance across the organization.

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How would you handle discrepancies in financial reports?

My first step would be to investigate the discrepancy thoroughly by comparing the reports against primary sources. I believe in maintaining an open line of communication with the team to uncover any underlying issues and rectify them promptly.

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What role does technology play in your financial management strategy?

Technology is integral to my financial management strategy. I leverage financial software to enhance accuracy and productivity, ensuring that we have real-time access to crucial financial data for informed decision-making.

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How do you align financial strategies with an organization’s mission?

I engage with executives and department heads to understand the organization's mission deeply. I ensure that all financial strategies support our overarching goals, using financial insights to inform and drive decision-making.

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Full-time, remote
DATE POSTED
January 15, 2025

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