The
ThinkFoodGroup CFO will be a key strategic thought partner to the President and
CEO, both operationally as well as from a fundraising and investment
standpoint. They will draw on expertise in terms of efficient and effective
accounting practices and controls, experience with revenue recognition,
finance, forecasting, performance measurement and required controls, policies
and guidelines, tax strategies and so forth. The candidate should have a proven
track record of incorporating analytics as part of their overall financial
planning and analysis in previous roles.
KEY
RESPONSIBILITIES
- The
CFO will be a very close and key business partner to the CEO in developing and
negotiating a long-term capital structure that enables the company to grow
while also maintaining voting control. The CFO will be the key point of contact
for investor and banking relationships and activities.
- The
CFO will serve as a key member of the top management team in developing and
implementing strategic business plans. They will partner with the CEO and
senior team to oversee the development of strategic planning, including capital
and operating budgets, to ensure optimal utilization of financial resources.
This individual will lead the development of future financial strategies, establish
annual financial goals and monitor and analyze performance against these
objectives.
- The
CFO will provide clear communications on company finances to the management
team and the board (when this is created). Although privately owned, the
expectation is that reporting and communication from the CFO would be at the
level of any well-run private equity owned company.
- The
information technology organization and responsibilities for the IT platform
could be designated to the CFO if the CFO has this experience and capability.
In this case, the CFO will ideally offer a viewpoint as to the IT
infrastructure vision for the future, and They will provide tactics to deliver
on that vision and strategy as the company grows.
- The
CFO will supervise the preparation of timely and accurate financial reports,
including tax filings and analysis of performance, variance and cash flow. They
will ensure the fiscal integrity of the company’s business through the
enhancement and management of accounting systems and controls. As well as
ensure a strong controls environment.
- The
new CFO will play a key role in defining the company’s financial structure and
balance sheet management.
- The
CFO will proactively drive performance management by ensuring key metrics are
created and converted into key performance indicators (KPIs). They will define
accountabilities and actions necessary to achieve targets and ensure a cohesive
set of management reports to monitor performance on a regular basis.
- The
CFO will provide strong leadership in the recruitment, training, development
and retention of top‑quality talent to ensure the extended finance organization
has a high level of performance and productivity. They will instill a culture
that emphasizes accountability and transparency among the entire company.
DESIRED
OUTCOMES
- Develop
and negotiate an optimal long-term capital structure to enable the aggressive
growth of the business while minimizing dilution and maintaining voting
control.
- Develop,
capture and systematize KPIs that are helpful to senior executives in managing
the consistency of operational and financial structure across locations.
Incorporate analytics as part of overall financial planning and analysis.
- Build
a sustainable financial, administrative and operational platform and dashboard
that are fully accurate and able to support company expansion and growth.
IDEAL
EXPERIENCE
- Restaurant,
retail or hospitality industry experience a plus
- Experience
in a restaurant, retail or hospitality business, ideally as the CFO, is a plus.
- Finance
leadership experience
- Prior
finance experience primarily in investment banking or private equity.
Additional finance experience could include a range of FP&A, finance and
divisional or regional CFO roles or earlier roles as a CPA in public
accounting. We are open to an individual who would be a standalone CFO for the
first time if they have had autonomous finance leadership experience.
- Experience
operating and leading in a growth environment
- A
track record of recruiting and developing talent at all levels to ensure the
company has the internal talent to support its growth plans. Has worked
effectively with cross-functional partners.
- Shareholder
management and capital-raising experience
- Strong
experience in private equity and/or investment banking with a successful track
record of raising long‑term capital for mid-cap, high-growth companies in the
consumer sector, ideally restaurants.
- Accounting
and finance training
- M.B.A.
is preferred; CPA is a plus.
CRITICAL
LEADERSHIP CAPABILITIES
Driving
Results
- Acts
to surpass goals, seizing opportunities to push the envelope.
- Sets
continually higher goals that are ambitious but realistic for self and team,
geared to organizational objectives.
- Focuses
on building the KPIs and business metrics of the business for both the
restaurant and the CPG businesses.
- Proactively
seeks to improve processes and implement best-in-class solutions to create a
world-class company infrastructure that is a platform for continued high
growth.
- Proactive
with access to capital and in managing investor meetings and follow up.
Strategic
Thinking
- Translates
broad company strategies and growth aspirations into clear, specific objectives
and plans. Ties the plans to individuals and teams so they can be held
accountable.
- Anticipates
and proactively thinks through the investments necessary in people, systems and
processes needed to accomplish the growth plans. Establishes clear capital
allocation and return on investment goals and processes.
Collaborating
and Influencing
- Builds a
collaborative culture and delegates roles thoughtfully to free himself/herself
to work at a more strategic level.
- Collaborates
with each employee to establish clear, challenging performance goals and
metrics for the year.
- Designs
a performance management process to monitor projects and deliver results that
exceed expectations.
OTHER
PERSONAL CHARACTERISTICS
- A
self-starter; an entrepreneurial mindset with operational and financial
discipline.
- A
good communicator and an inclusive servant-leader.
- Ability
to embrace a strong regional culture that exists within the
organization; someone who shares the passion the stakeholders have
for the company and the brand.