Saturday, August 2, 2008

Telco CFO position opening

CFO for a telecommunications company. Postion description at end of message. The company is headquartered in Cleveland, but several officers are located in Columbus – so either location could work for the new CFO. Position description is attached – CPA is required, telecom preferred, but not mandatory. Certainly, a technology orientation, though.

This is a VC-backed company, been in business several years – and operating in a telecom niche that is getting a lot of national attention. Extremely solid CEO, COO, etc. – a bankable team.

Candidate must have completed capital raises in the past, understand deal structure and have the personality and style to be the front-person in deal-making if necessary.

The compensation range, base & bonus = $150k. Equity as well. The plan is to grow it for 3-5 years and look for a liquidity event at that time.

For more info contact:

Hugh Cathey

Columbus-Partners, LLC
P. 614-839-8800
F. 614-839-8801

POSITION Chief Financial Officer
Reporting To: President/CEO
Location: Cleveland, preferred; Columbus, possible
Travel: Minimal


Responsible for working with the executive team to develop growth strategies and plans that increase the value of the company for its investors, projecting the financing needs of those strategies and plans, and developing the relationships and programs with banks, investors and/or investing entities to finance the execution of those strategies and plans. Responsible for directing the fiscal functions of the corporation in accordance with generally accepted accounting principles issued by the Financial Accounting Standards Board. Responsible for providing or procuring the appropriate levels of legal guidance or services.


 Create, coordinate, and evaluate the financial programs and supporting information systems of the company to include budgeting, tax planning, and conservation of assets.
 Analyze cash flow, cost controls, and expenses to guide business leaders. Analyze financial statements to pinpoint potential weak areas.
 Establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures.
 Develop and establish credibility throughout the organization as an effective developer of solutions to business challenges and for the finance group by providing timely and accurate analysis of budgets, financial reports and financial trends in order to assist the executive team in performing their roles.
 Prepare or direct preparation of financial statements, financial business activity reports, financial position forecasts, annual budgets, and/or reports required by regulatory agencies.
 Monitor financial activities and details such as reserve levels to ensure that all legal and financial covenant requirements are met.
 Establish and maintain appropriate internal control safeguards by conducting or coordinating audits of company accounts and financial transactions in accordance with generally accepted auditing standards to ensure compliance with local, state, and federal budgetary reporting requirements.
 Direct and coordinate an organization's financial and budget activities in order to fund operations, maximize investments, and increase efficiency.
 Confer with board members, organization officials, and staff members to evaluate and advise on the impact of long range planning, introduction of new programs/strategies and regulatory action.
 Provide strategic financial input and leadership on decision making issues affecting the organization; i.e., evaluation of potential alliances acquisitions and/or mergers and pension funds and investments.
 Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs.
 Review contracts into which the corporation may enter and advise, from the financial perspective, for uniformity with terms and agreements with suppliers, distributors, federal and state agencies, and other organizational entities. Hire or engage legal counsel as appropriate to review and/or assist in the negotiation of such contracts.
 Interact with other managers to provide consultative support to planning initiatives through
financial and management information analyses, reports, and recommendations.
 Serve as Company Treasurer and Corporate Secretary to the Board of Directors.
 Serve on planning and policy-making committees.
 Provide leadership and coordination in the administrative, business planning, accounting and budgeting efforts of the company.
 Participate in the development of the corporation's plans and programs as a strategic partner.
 Monitor and evaluate the performance of accounting and other financial staff; recommend and implement personnel actions such as promotions and dismissals.
 Optimize the handling of bank and deposit relationships and initiate appropriate strategies to
enhance cash position.
 Support continual improvement of the budgeting process through education of department
managers on financial issues impacting their budgets.


 Ten to fifteen years related experience and/or training.
 CPA Required.
 Experience in strategic planning and execution.
 Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles.
 Work requires professional written and verbal communication and interpersonal skills.
 Ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects.
 Ability to participate in and facilitate group meetings.
 A good educator who is trustworthy and willing to share information and serve as a mentor. .

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