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.

 

Are you an Industry Expert – Let us know!

Our client serving teams offer industry focused verticals that span over; SaaS, Media & Entertainment, Consumer Packaged Goods, Life Sciences, Non-Profit and Private Equity specialties.

 

 

What You’ll Do:  

 

The primary objective of the Fractional CFO 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. 

 

Day-to-Day Responsibilities also include: 

• Provide insightful and trusted counsel to business leadership and the senior management team on both financial and broad-based business issues related to the overall performance of the company.
• Serve as a key member of the executive team in providing input regarding the financial implications of all major business decisions, as well as strategic input in shaping the company’s business objectives.
• Direct the work of an offshore team in all financial reporting including the provision of comprehensive monthly financial statements, and the development of forecasts and budgets.
• Enable aligned direction and value creation through effective short and long-range budgeting and forecasting
• Lead the treasury function including optimizing cash flow, providing guidance on debt facilities and supporting fundraising activity.
• Identify opportunities for improvement, cost reduction, and systems enhancement.
• Manage external relationships with auditors and tax preparers and oversee risk management, including insurance
• Oversee Corporate Governance and internal controls.
• Provide support on mergers and acquisitions and due diligence processes.
• Create and nurture partnerships across functional roles within our organization including our OneShore team located in India

What You’ll Bring

Must Haves: 

• 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

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. For more information on Escalon: https://escalon.services/  

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. 
 

About New Harbor Capital 

New Harbor Capital is an experienced, lower middle-market private equity firm that seeks to partner with growth-minded, founder-owned companies. Based out of Chicago, New Harbor Capital is committed to optimizing the growth potential of its portfolio companies while respecting their long-term visions. The firm was founded on the belief that mutual respect and collaboration lead to successful outcomes. New Harbor recognizes the importance of finding the right partner, and the firm is committed to helping its portfolio companies and their leadership maximize both personal and financial goals.  
 

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.