Fractional CFO - Media and Entertainment
October 31, 2024
Description
What does it mean to be a Fractional CFO within the Escalon team? •As a fractional CFO you could spend a few hours a month up to full time availably applying your technical and account management skill set across a variety of clients and industries. •The primary objective of the Fractional CFO within our Media and Entertainment Practice is to oversee enterprise accounting and provide financial information about client company’s activities that will assist the client and its shareholders in making economic company decisions. •This position is proactive and solution oriented, offering depth of experience to our clients in the fast-paced world of start-up accounting. •This position will afford you a high degree of flexibility, the ability to focus on CFO-level work (with a US and global team who will handle the bookkeeping and transactional accounting), an opportunity to work with exciting companies, and a support network of experienced financial professionals. •We are looking for stellar CFOs who have the experience, skills and desire to support a diverse and intriguing mix of businesses while building and managing strong client relationships. •If you are ready to work with cutting-edge startup companies, founders, investors and stakeholders focused on results, this opportunity is designed for you.
Requirements
What You'll Bring •10+ years in a financial role with at least 3+ years as a CFO •Experience working with Venture- and Private Equity-backed companies •Strong understanding of equity and debt financing •Proven track record in successfully supporting growth using strong analytical skills and effective financial modeling •Experience leading financial budgeting and financial planning process •Ability to develop, improve, oversee and review corporate accounting functions •Solid understanding of financial compliance requirements and experience implementing and managing financial policies •Above average knowledge and understanding of GAAP •High level of energy and ability to thrive in fast-paced, dynamic business environments •Significant experience working with external auditors, internal controls, systems implementation and compliance. •Successful at executing on business development, networking, and sales activities to build client base •Above average communication and presentation skills •Exceptional Leadership and team management skills, preferably globally focused leveraging an offshore team •Nice to Haves: •CPA and/or Master’s Degree preferred
Benefits
More about us: •Escalon Services is a Business Process Management (BPM) company that provides Essential Business Services (EBS) through a tech-enabled platform to small- and medium-sized businesses (SMBs) and startups. •The Company enables its clients to spend less time on "back office" functions and provides the value and insight that enables clients to spend more time focusing on delivering value and moving their businesses forward. •With a US-based remote workforce and global delivery team in India, Escalon’s solution fills a widening service gap in the SMB market, underpinned by (i) increasing demand for quality insights in an increasingly competitive marketplace (ii) decreasing supply of CPAs and quality in-house talent and (iii) the cost frictions associated with scaling internal back-office teams as businesses grow. •Since founding, the company has executed both on an organic and M&A strategy to expand service offerings and drive revenue expansion opportunity through cross-sell/up-sell. •Before partnering with New Harbor Capital in late 2022, Escalon completed two significant acquisitions which tripled the revenue of the company and expanded the FinOps capabilities of the platform. •Continued corporate development is a key value driver for the business going forward, with a highly fragmented market of service providers, often individually unable to scale due to lack of technology-enablement and offshore capabilities. •In late 2022, New Harbor Capital made a growth equity investment in Escalon Services. •New Harbor Capital is an experienced, lower middle-market private equity firm that seeks to partner with growth-minded, founder-owned companies. •As a strategic partner, New Harbor taps into decades of experience to guide businesses through challenging economic cycles and market conditions. •New Harbor Capital has raised over $750M in capital across three funds and focuses on tech-enabled services, healthcare, and education services.
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