Director, CFO Services (OPEN TO ALL US LOCATIONS)

$150,000 - $225,000/Yr

Alvarez & Marsal - New York, NY

Part-time - Senior

New York, NY

Professional, Scientific, and Technical Services

About the position

The Director of CFO Services at Alvarez & Marsal (A&M) plays a pivotal role in working with private equity-held portfolio companies to deliver solutions that enhance value preservation and generation. The primary objective is to improve transparency regarding key business drivers and performance metrics, ultimately supporting the increase of cash flow and EBITDA. This position is integral in ensuring that private equity firms have credible plans and the capability to execute and achieve desired financial outcomes. CFO Services encompasses several key pillars, including Liquidity & Working Capital Optimization, Strategic Analytics & Planning, Performance Measurement & Management, Business Transformation, and Auxiliary Services such as Accounting Remediation. The Director will be responsible for hypothesis and scope development, connecting with clients to facilitate information gathering, guiding client interviews, and ensuring that all relevant data is pursued and analyzed. This role requires a deep understanding of industry and functional knowledge to identify business drivers and issues, as well as the ability to develop actionable conclusions from analyses. In terms of project management and implementation, the Director will lead components of projects across multiple service lines and manage smaller projects independently. Proactive management of client expectations is crucial, as is the ability to develop straightforward, actionable plans and lead individual workstreams. The Director will also design initiatives aimed at generating cash and improving EBITDA, while anticipating risks and creating contingency plans. Collaboration with senior management and obtaining buy-in from board members on actionable plans is essential. Leadership is a key aspect of this role, leveraging industry expertise and prior professional services experience to guide the team and foster innovative and analytical thinking. The Director will take accountability for issues identified by both clients and the team, building complementary teams that utilize individual talents effectively. Financial acumen is critical, with complete proficiency in financial modeling, financial statement analysis, and accounting treatments being necessary. The Director will drive P&L and balance sheet accountability and utilize various tools to facilitate change management, interpreting financial statements and streamlining processes as needed.

Responsibilities

• Connect with clients to facilitate information gathering.
• Guide and facilitate client interviews to ensure all relevant data is considered.
• Define the type of analyses needed to prove or disprove assumptions.
• Develop actionable conclusions from analyses.
• Lead components of projects with multiple service lines and manage smaller projects independently.
• Proactively manage client expectations and minimize risks.
• Design cash-generating initiatives and optimal organizational structures to drive client value.
• Anticipate risks and obstacles early on and create contingency plans.
• Engage and work collaboratively with senior management to obtain buy-in on actionable plans.
• Leverage industry expertise to guide the team and promote innovative thinking.

Requirements

• Graduate of an accredited 4-year college/university with a concentration in accounting, finance, or economics preferred but not required.
• Over 12 years of experience in Accounting/Finance, Financial Due Diligence, Restructuring, Investment Banking, or Private Equity.
• Complete proficiency in financial modeling and financial statement analysis.
• Experience in the role of Controllership, Finance, and Accounting Advisory Services.
• Strong data analytics and presentation skills.

Nice-to-haves

• CPA, CFA, MBA, or Master's Degree preferred but not required.

Benefits

• Healthcare plans
• Flexible spending and savings accounts
• Life, AD&D, and disability coverages
• 401(k) retirement plan with discretionary contributions
• Paid time off including vacation and personal days
• Seventy-two (72) hours of sick time
• Ten federal holidays and one floating holiday
• Parental leave
• Discretionary bonus program based on performance.