CHIEF FINANCIAL OFFICER

Company: Staff
Location: Philadelphia
Posted on: October 31, 2024

Job Description:

As a key member of Fox Rothschild's management team, the Chief Financial Officer will have primary oversight and responsibility for the Firm's financial operations and will assist in the Firm's financial growth, structure and direction, as well as work closely with the Executive Committee, the Finance Committee and other members of Senior Management in both operating and strategic matters as needed. The Chief Financial Officer will be required to develop an in-depth understanding and working knowledge of the Firm's financial operations including, without limitation accounting partner compensation, banking and billing and collection functions. The Chief Financial Officer will manage all of the Firm's financial operations on a daily basis.

More specific responsibilities include:

• Advise Senior Management on the financial implications of business activities and make recommendations to advantageously enhance the Firm's financial performance.
• Prepare special analyses/evaluations in support of major business decisions.
• Promptly respond to inquiries from Partners regarding Firm financial, compensation and tax matters.
• Collaboratively develop operating policies and procedures and improvement programs for the attainment of business objectives.
• Serve as key business partner and contributor to growth strategies, business development programs and long-range planning, ensuring that current revenue-generating strategies create Firm value.
• Build, develop and lead a strong finance department. Ensure the efficient day-to-day operation of the accounting and finance functions through direct supervision and overall goal setting for the department. Focus on integration of finance function into mainstream business operations and planning.
• Preparation of both short- and long-term financial projections and analysis.
• Improve and upgrade financial processes and procedures and create infrastructure that understands the Firm's business focusing on people, process and systems.
• Leader of the Firm's budgeting process.
• Coordinate filing of tax return and ensure proper maintenance of accounting records and documentation in compliance with statutory requirements and company policies. Manage the financial tax and local reporting and ensure that it is timely and accurate. Preparation of annual K-1 tax worksheets/schedules and coordination with external accountants.
• Provide oversight to the Firm's equity partner compensation programs and reporting.
• Provide insightful financial reporting packages for Senior Management's use.
• Partner with the Firm's Chief Pricing Officer on establishing protocols for the review, approval and management of alternative fee arrangements and large client matters.
• Coordinate and drive best practices within the legal industry surrounding client billing and collections.
• Represent the Firm to the external community, such as at industry events and conferences.
• Manage the Firm's banking relationships across all areas of need.
• Maintain and continuously develop strong network of external contacts, leveraging professional relationships for the good of the firm.
• Lead special project teams and perform special projects. POSITION REQUIREMENTS
  
  In addition to the necessary skills and experience to perform the responsibilities outlined above, there are a number of traits that a successful candidate will possess.
  
  Technical Requirements
  • BS in Accounting, Finance or Business required. CPA and/or MBA preferred.
  • Experience as a Director of Finance, Controller or CFO.
  • Minimum of 15 - 20 years progressive accounting and finance experience.
  • Professional services and legal industry experience strongly preferred.
  • Experience overseeing a multiple office environment.
  • Advanced Excel skills and proficiency in Word and PowerPoint.
  • Strong appreciation for procedure, process and operational excellence.
  • Excellent presentation skills; strong executive presence and public speaking ability.
  • Strong network of external professional contacts.
  • Ability to write accurately and succinctly. Personality
    • Entrepreneurial with a self-starting personality; ability to prioritize and manage multiple responsibilities simultaneously.
    • Ability and inclination to roll up sleeves and dig in. Dependence on and confidence in own abilities to get things done.
    • Strong drive, dedication and work ethic.
    • Extremely collaborative with the ability to contribute.
    • Assertive but diplomatic.
    • Not easily offended, aggressive and an open and effective communicator, inquisitive and not afraid to challenge.
    • Detail-oriented, process-oriented, control-oriented.
    • Embraces change with courage and confidence.
    • Ability to thrive in a professional services environment with multiple partners/supervisors.
    • Ability to establish effective working relationships.
    • Adept at working in a fast-paced environment.
      
      COMPENSATION & BENEFITS
      
      The salary range for this position applies to Washington, D.C. and New York City. The salary range reflects a variety of factors that are considered in making compensation decisions, including but not limited to experience, education, licensure and/or certifications, geographic location, market demands and other business and organizational needs. It is not typical for an individual to be hired at or near the top of the range for a position. A reasonable estimate of the current range for this position is $450,000 to $700,000.
      
      For information on Fox Rothschild's compensation and benefits visit: Compensation & Benefits (foxrothschild.com)
      
      DISCLAIMER
      
      The above is intended to describe the general content of and requirements for the performance of this job. It is not a contract or employment agreement and is not to be construed as an exhaustive statement of all functions, responsibilities, or requirements the employee may be required to perform, and the employee may be required to perform additional duties. Additionally, management reserves the right to review and revise the job description at any time. Employment with the firm is at-will. Employees must be able to satisfactorily perform all of the essential functions of the position with or without a reasonable accommodation. If an accommodation request would cause an undue hardship or a safety concern, the individual may not be eligible for the position.
      
      Equal Opportunity Employer - vets, disability
      
      Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
      
      The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Keywords: Staff, Baltimore , CHIEF FINANCIAL OFFICER, Executive , Philadelphia, Maryland