Chief Financial Officer - Virtual Company
New York, NY
About the Job
Job Title: Chief Financial Officer
Reports to: Executive Leadership Team
Location: NYC or Long Island office (hybrid)
Salary Range:
$300,000-340,000 annually, with potential additional performance-based bonuses
Position Overview:
A prominent firm in the professional services sector is seeking a highly skilled Chief Financial Officer (CFO) to join its executive team. This role will provide strategic financial leadership, guiding the firm's financial operations and risk management efforts to foster growth and stability. The CFO will work closely with senior leadership to influence key financial decisions and help steer the firm toward long-term success. Law firm experience is required for this position.
Key Responsibilities:
- Provide expert financial analysis, business insights, and actionable recommendations to senior leadership to drive improvements in firm performance and achieve strategic objectives.
- Develop and manage operating budgets, financial forecasts, and cost management strategies focused on productivity, profitability, and revenue growth.
- Implement and oversee internal financial controls, policies, and procedures, ensuring compliance with regulations and safeguarding firm assets.
- Oversee cash flow management, banking relationships, and vendor contracts, with a focus on cost containment and efficiency.
- Manage specialized accounts, including escrow and IOLTA, ensuring compliance and accurate recordkeeping.
- Coordinate with external financial advisors to ensure timely tax filings and preparation of GAAP-compliant financial statements.
- Evaluate the financial implications of potential business opportunities, such as lateral hires or firm expansion, and provide strategic financial guidance.
- Lead efforts to implement new financial systems to enhance operational efficiency and improve financial reporting.
- Ensure that financial policies and procedures are well-documented, followed, and regularly reviewed across the organization.
- Develop and implement effective risk management strategies to protect the firm’s financial integrity.
- Supervise accounting, billing, collections, and financial reporting teams to ensure accurate and timely financial reporting and billing.
- Collaborate with back-office teams (HR, IT, Marketing) to streamline firm-wide operations and enhance onboarding/exiting procedures.
- Support senior leadership by preparing presentation materials for key meetings and strategic discussions.
Required Qualifications and Skills:
- Bachelor's degree in Accounting, Finance, or Business Administration; Master’s degree preferred.
- CPA certification strongly preferred
- A minimum of 10 years of experience in a law firm or professional services environment, with expertise in managing multi-office financial operations.
- Strong leadership and communication skills, with the ability to advise senior management on complex financial matters.
- Proven ability to manage multiple financial projects and prioritize effectively in a fast-paced environment.
- Extensive knowledge of risk management and financial oversight, particularly in a law firm context.
- Familiarity with law firm-specific financial systems and protocols.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.