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- Tasks: Lead financial strategy and support the executive board in achieving growth goals.
- Company: Join a dynamic hospitality company with ambitious plans and a £100 million turnover.
- Benefits: Enjoy a competitive salary and the chance to shape the future of a growing business.
- Why this job: Be part of a collaborative culture that values innovation and strategic thinking.
- Qualifications: Must be a fully qualified accountant with 10+ years in senior finance roles.
- Other info: Office-based role near Watford, requiring 4-5 days a week in the office.
The predicted salary is between 72000 - 108000 £ per year.
Baker Charles is currently working with a growing owner-managed hospitality company to help them hire a CFO. The company has a turnover of circa £100 million and has ambitious plans to continue the growth of the business in the next 3-5 years. As CFO, you will work closely with the Executive board to support and help achieve their strategic goals and ensure the financial health and sustainability of the business.
Key Responsibilities:
- Lead the financial strategy for the group, aligning financial goals with the overall business objectives.
- Provide strategic financial insights and recommendations to the CEO and Board of Directors.
- Oversee all banking relationships and manage refinancing activities.
- Ensure that the group has access to financial resources and structures to support its growth and operations.
- Lead financial due diligence and analysis for potential acquisitions.
- Provide financial modelling, forecasting, and strategic input to assess new investment opportunities and growth initiatives.
- Manage the financial aspects of construction projects, including budgeting, forecasting, and financing.
- Work with stakeholders to secure the necessary funds for new developments and major refurbishments.
- Oversee and manage the drawdown process for construction financing, ensuring timely access to funds as projects progress.
- Ensure the accuracy, transparency, and compliance of financial reporting.
- Oversee the preparation of financial statements, management reports, and other key financial documents.
- Maintain and improve the group’s cash flow position and working capital management.
- Lead and mentor the finance team, fostering a culture of collaboration and excellence.
- Build and develop the skills and capabilities of the finance function to support the growth of the business.
- Serve as the primary point of contact for financial stakeholders, including investors, lenders, and auditors.
- Act as the primary point of contact with auditors and other financial institutions on behalf of the owners.
- Coordinate the audit process, ensuring accurate financial reporting and compliance with all regulatory requirements.
- Manage relationships with banks, lenders, and other key financial stakeholders to ensure the group’s financial stability and growth.
Qualifications:
- Fully qualified accountant (ACA, ACCA, CIMA, or equivalent).
- Minimum of 10 years’ experience in a senior financial role, with a proven track record in the hotel or hospitality industry.
- Extensive experience in banking, refinancing, and managing complex financial transactions.
- Strong background in acquisitions, including financial modelling, due diligence, and negotiation.
- Proven experience managing cash flow, working capital, and financial planning for a multi-site hospitality company.
- The client is looking for someone who has experience of working in an owner-managed or SME business who has a flexible and open mindset that will allow them to support projects and initiatives as the company develops.
- Their head office is based near Watford and would require 4-5 days a week in the office.
Seniority level: Executive
Employment type: Full-time
Job function: Accounting/Auditing, Strategy/Planning, and Finance
Industries: Hospitality, Hotels and Motels, and Construction
Chief Financial Officer employer: Baker Charles
Contact Detail:
Baker Charles Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Financial Officer
✨Tip Number 1
Network with professionals in the hospitality and finance sectors. Attend industry events, webinars, or local meetups to connect with potential colleagues or mentors who can provide insights into the company and its culture.
✨Tip Number 2
Research the company thoroughly. Understand their financial history, recent developments, and future goals. This knowledge will help you tailor your discussions during interviews and demonstrate your genuine interest in their growth.
✨Tip Number 3
Prepare to discuss your experience with financial modelling and acquisitions in detail. Be ready to share specific examples of how you've successfully managed complex financial transactions and contributed to strategic growth in previous roles.
✨Tip Number 4
Showcase your leadership skills by highlighting instances where you've mentored teams or improved financial processes. The company is looking for someone who can foster a collaborative culture, so emphasise your ability to lead and develop talent within the finance function.
We think you need these skills to ace Chief Financial Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in financial leadership, particularly within the hospitality sector. Emphasise your achievements in financial strategy, cash flow management, and team leadership.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the company's goals and how your skills align with their needs. Mention specific experiences that demonstrate your ability to lead financial strategies and manage complex transactions.
Highlight Relevant Qualifications: Clearly state your qualifications, such as ACA, ACCA, or CIMA, and ensure you detail your extensive experience in senior financial roles. This will help establish your credibility as a candidate for the CFO position.
Showcase Leadership Skills: In your application, provide examples of how you've successfully led finance teams and mentored staff. Highlight your ability to foster collaboration and excellence within a financial function, which is crucial for this role.
How to prepare for a job interview at Baker Charles
✨Showcase Your Strategic Vision
As a CFO, you'll need to align financial strategies with business objectives. Be prepared to discuss your vision for the company's financial future and how you can contribute to its growth. Highlight any past experiences where you've successfully implemented strategic financial initiatives.
✨Demonstrate Industry Knowledge
Given the hospitality focus of the role, it's crucial to showcase your understanding of the industry. Familiarise yourself with current trends, challenges, and opportunities in the hotel and hospitality sector. This will help you provide relevant insights during the interview.
✨Prepare for Financial Scenarios
Expect to be asked about complex financial transactions, banking relationships, and refinancing activities. Prepare examples from your previous roles that demonstrate your expertise in these areas, particularly in managing cash flow and working capital for multi-site operations.
✨Highlight Leadership and Team Development
As a CFO, leading and mentoring your finance team is key. Be ready to discuss your leadership style and how you've fostered a culture of collaboration and excellence in your previous positions. Share specific examples of how you've developed your team's skills to support business growth.
