Chief Financial Officer

Ketchum, Inc. New York , NY 10007

Posted 2 weeks ago

Overview

Reports to: Global CEO

Primary accountability of the CFO is to work with the CEO to deliver the financial plan through excellence in financial strategy & stewardship. The CFO is responsible for all aspects of agency accounting, finance and real estate, including administrative, financial, and risk management operations for the agency. The CFO, together with the agency executive leadership team, will set the financial and operational strategy and develop metrics tied to the strategy. The CFO will develop and monitor a control system designed to protect company assets and report accurate financial results to our parent company, Omnicom. The CFO will have global experience with a professional services company, and a proven record of managing a high performing diversified portfolio of businesses, including divisions and stand-alone brands, with aggregate annual billings more than $200M. Must have the ability to consistently juggle business priorities to move things ahead efficiently and effectively in a professional services business.

About the Job

Principal areas of responsibility include:

Planning

  • Contribute to the overall long-term strategic agency plan through development of robust financial insight and actionable data, informed by a deep understanding of financial and business priorities

  • Monitor and direct the implementation of strategic financial plan across defined U.S. industries, global offices, divisions, and independent brands

  • Manage all aspects of budgeting including capital expenditure

  • Develop key performance indicators; monitoring and reporting of KPIs to support the company's strategic business plan

  • Play a key role in evolving the company's pricing structure to reflect the move to a stronger consultancy model

  • Identify and evaluate business growth opportunities based on analysis & understanding of overall business objectives and commercial priorities

Operations

  • Serve as key member of the agency executive leadership team, working collaboratively with business leadership

  • Participate in key agency decisions as a member of the executive leadership team

  • Proactive thinking and willingness to share opinions even when different from others

  • Lead our effort to streamline financial reporting and analysis to improve business outcomes, while implementing operational best practices

  • Lead the accounting and legal departments

  • Lead development and oversight of the company's transaction processing systems and shared service centers

  • Oversee management of talent realization/utilization process to ensure effective resource management

  • Negotiate acquisition and absorption / merger terms and supervise due diligence working closely with parent company

  • Negotiate key client agreements; work with financial team to get best terms to maximize agency profitability and cash position

Accounting and Finance

  • Lead a global team of professionals, including regional CFOs

  • Assist client leaders in accurately pricing, contracting, billing and reporting client activity

  • Work with shared service centers as required to ensure accurate and timely recordkeeping and administration of financial employee benefits including 401k, deferred compensation and bonus payment

  • Consistently forecast and report company performance in accordance with parent company deadlines

  • Oversee the confirmation and communication of financial information, including monthly financial results to agency CEO, agency executive team and parent company

  • Monitor cash balances and cash forecasts; enforcing client and vendor terms to maximize cash position

  • Takes initiative to learn quickly and act proactively to build a growth oriented culture, with particular emphasis on continuous improvement

Risk Management

  • Understand and mitigate key elements of business risk

  • Monitor all open legal issues impacting the company. Be aware of all legal issues affecting the industry

  • Identify, implement and monitor reliable control systems

  • Ensure that the company complies with all relevant legal and regulatory requirements

  • Ensure that record keeping meets the requirements of auditors and government agencies

  • Promptly report risk issues to holding company management

Qualifications

Successful CFO will have a have a master's degree in accounting or business administration, or equivalent business experience. Will also have 15+ years of progressive finance responsibility, and experience working for a major company or division of a large corporation. Should have experience in partnering with an executive team, and have a high level of written and oral communication skills. Preference will be given to candidates with an MBA in Finance and the Certified Public Accountant or Certified Management Accountant qualifications.

Required Experience

  • Relevant professional services experience

  • International and public company experience

  • Good understanding of Sarbanes Oxley Act

  • Strong leadership, communication, organizational, client relationship and project management skills

  • Hyperion and PeopleSoft system experience preferred

  • Strong problem solving and creative skills with ability to exercise sound judgment and make decisions based on accurate and timely analyses

  • Experience leading major change projects and making infrastructure changes

About Ketchum

As a global communications consultancy with 90 plus years of experience, Ketchum is a trusted partner who is equal parts creative and analytical. Ketchum is a place where all perspectives and points of view are welcome and encouraged. We are a collection of communications specialists, content creators, creatives, researchers, data analysts, media pros, digital strategists, issues and crisis counselors, and tech nerds. And we love when those worlds collide to create the very best teams and solutions for our clients. We work with the world's leading brands, emerging start-ups, and everything in between. We are beyond proud to have created some of the most celebrated and award-winning campaigns in our industry. We're just crazy enough to think we can impact the world and how it responds to ideas through communication.

We encourage our employees to be curious, brave, inspiring, and a force for good. Let's talk. Come belong at Ketchum!

What we offer

  • Robust benefits program

  • Generous time off policies

  • Retirement program with company match

  • Workplace flexibility

  • Business casual dress code

  • Workplace and off-site social gatherings

  • Yoga @ work

  • Professional learning and development opportunities

  • Tuition reimbursement

  • Paid maternity/paternity leave

  • Transit benefits

Interested? We've got an opportunity for you. IND13 #LI-ML1


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Chief Financial Officer

Ketchum, Inc.