CHIEF FINANCIAL OFFICER (CFO)

Company: Yamamoto
Location: Minneapolis
Posted on: October 28, 2024

Job Description:

Overview

As the Chief Financial Officer (CFO) of Yamamoto, you will be responsible for overseeing the financial health of the organization, providing strategic financial guidance, and ensuring effective financial management. This role requires a seasoned financial executive with a strong background in finance, accounting, and business operations, as well as a thorough understanding of the advertising industry.

This role can be either in our Minneapolis, Chicago or New York offices.

Responsibilities

The Chief Financial Officer provides company financial leadership in three key areas:

• Agency Leadership - Act as a positive, engaged agency leader among internal and external stakeholders including the agency management team, the holding company, Stagwell, client accounting contacts and vendor partners.
• Financial Leadership - Develop strategies, manage and report on the company finances including growth targets, EBITDA, client and staff profitability/utilization, client pricing and overall company expense controls all in compliance with current GAAP, SEC and IRS requirements.
• Department Leadership - Lead, manage and mentor the financial, administrative, operations functions in the agency in support of grow goals set forth by the CEO. Agency Leadership
  • Provide financial strategies and management that supports the growth and reshaping of business across product and service offerings to meet strategies set forth by the CEO.
  • Drive a culture of excellent commercial judgment in business decision making, advising on key business decisions through sound commercial judgment, highlighting options, trade-offs, risks and opportunities.
  • Lead initiatives to grow the business through revenue enhancement and margin protection in client engagements and expenditures.
  • Lead the short and long-term budgetary planning and cost management for the agency(ies) in your purview.
  • Contribute to the annual and long-term agency plans through development of robust financial insight and actionable data, informed by a deep understanding of financial and business priorities. Financial Leadership:
    • Lead all fiscal activities at the agency including establishing and fully managing all aspects of agency finance including pricing, staffing models, utilization rates, client contracts, capital expenditures, legal issues and cost and risk management.
    • Develop key performance indicators; monitoring and reporting of KPIs to support the company's strategic business plan including executive dashboards for weekly leadership meetings and all corporately required dashboard and reporting documentation.
    • Review financial monthly dashboards, quarterly analytics packages for Stagwell
    • Participate on the Doner Partners Network Finance Leadership team.
    • Supervise and direct financial management, treasury, budgeting, audits, and taxes.
    • Partner with accounting shared service as needed.
    • Ensure compliance with Stagwell's partner level SOX controls.
    • Participate in acquisition and growth activities to support business objectives and plans.
    • Oversee client contract administration and direct best practices in the client billing area.
    • Administer the monthly closing process, direct monthly forecasting and cash flow reporting. Department Leadership:
      
      The Chief Financial Officer will manage the financial, administrative and operations areas in the agency. Key responsibilities include:
      • Training and Growth - Provide structured and unstructured feedback, training opportunities and performance plans for staff to achieve their growth goals for professional and personal development.
      • Utilization of Agency Resources - Effectively and profitably manage the agency's resources and relationships across all departments in the agency.
      • Administration - Create, refine, adhere to and support agency/departmental policies and systems and provide exemplary leadership. Agency Corporate Responsibilities
        
        The Chief Financial Officer has a responsibility to the corporation as a whole.
        • Agency Representative in the Community - Represent Yamamoto positively in the business and advertising communities
        • Agency Growth - Assist in pursuing new opportunities with assigned clients and new business initiatives
        • Agency Commitment - Demonstrate loyalty to the agency
        • Agency Culture - Demonstrate agency core values: curious, creative and courageous
          • Curious: We never stop learning or exploring.
          • Creative: We light up the room with engaging imagination.
          • Courageous: We are fearless and are up for any challenge. Qualifications
            
            Education:
            • A bachelor's degree in finance, accounting, or a related field is required.
            • Professional certifications such as CPA, CMA, or MBA are often preferred. Skills and Experience:
              • 15+ years of experience in finance, with at least 5 years in a senior financial leadership role, preferably within an advertising or marketing agency.
              • Proven experience as a CFO or in a senior financial leadership role.
              • Must be a strategic thinker with demonstrated success in the achievement of organizational financial goals.
              • Strong financial and analytical skills, with a keen understanding of financial modeling and forecasting.
              • Knowledge of accounting principles, financial regulations, and industry-specific financial practices.
              • Excellent communication and interpersonal skills.
              • Ability to work collaboratively with cross-functional teams.
                
                Hybrid Policy
                
                Yamamoto is a highly collaborative workplace. We believe that we can achieve our highest potential and do our best work when we are together in person. We also know that flexibility and a hybrid work arrangement can create advantages for both our Company and our employees.
                
                Yamamoto offers the flexibility of a hybrid working schedule to all our employees. All employees will be expected to follow a 50/50 (20 hours weekly in office) hybrid working policy. Each employee will be responsible to meet the weekly hours in office guidelines. Employees are also welcomed to work in the office as many days as you would like.

Keywords: Yamamoto, Minnetonka , CHIEF FINANCIAL OFFICER (CFO), Executive , Minneapolis, Minnesota