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What do you look for in a CFO, if hiring
Posted on 7/30/26 at 10:12 am
Posted on 7/30/26 at 10:12 am
We have reached levels that are going to require a CFO or VP of finance role.
Background… we are about a $65 million construction staffing company, working in 17 states and focus on the MEP trades.
We are self funded. Just got a line of credit in the last six weeks.
What are you looking for in this position?
Background… we are about a $65 million construction staffing company, working in 17 states and focus on the MEP trades.
We are self funded. Just got a line of credit in the last six weeks.
What are you looking for in this position?
Posted on 7/30/26 at 10:15 am to JoseVargasTX
El Gaucho and I can triple your profit in 3 years
Posted on 7/30/26 at 10:24 am to JoseVargasTX
You've come to the right place 
Posted on 7/30/26 at 10:27 am to JoseVargasTX
I check their TD post history.
Posted on 7/30/26 at 10:34 am to JoseVargasTX
This question may be better suited for the OT Lounge
Posted on 7/30/26 at 10:37 am to JoseVargasTX
quote:
Background… we are about a $65 million construction staffing company, working in 17 states and focus on the MEP trades.
I'm not on the finance side so I can't help you much, but the fact that you've made it here without a head of finance is incredibly impressive.
This post was edited on 7/30/26 at 11:38 am
Posted on 7/30/26 at 11:11 am to JoseVargasTX
Not many of us on this board have been in a position to select and hire a CFO.
Might want to check with the OT, a large % of them have done this many of times.
Might want to check with the OT, a large % of them have done this many of times.
Posted on 7/30/26 at 11:40 am to JoseVargasTX
quote:
What are you looking for in this position?
Bug tits and a pretty face. You have to get this hire right.
Posted on 7/30/26 at 12:18 pm to HogPharmer
A blonde with big tits and into sexual slavery
Posted on 7/30/26 at 12:19 pm to JoseVargasTX
quote:
We have reached levels that are going to require a CFO or VP of finance role.
Background… we are about a $65 million construction staffing company, working in 17 states and focus on the MEP trades.
We are self funded. Just got a line of credit in the last six weeks.
What are you looking for in this position?
First of all, its incredibly impressive you've gotten to this point without a CFO. I assume you just have multiple controllers in place?
Second, for a company of your size, it seems like this is one of those hires that might be better suited for a search agency that has experience with this.
If you dont want to go that route, the biggest criteria for me would be finding candidates that have experience scaling companies from 40M to 100M+ and has extensive experience in the Construction, Staffing, or Field Services Industry.
Posted on 7/30/26 at 12:27 pm to JoseVargasTX
What’s your compensation package look like? That makes a big difference in the kind of talent you could get.
Posted on 7/30/26 at 12:28 pm to BabyTac
True. Executives like to get a good guaranteed payday even for doing a terrible job.
Posted on 7/30/26 at 12:39 pm to BabyTac
quote:
What’s your compensation package look like? That makes a big difference in the kind of talent you could get.
After what CGPT estimates these positions would make for this type of company, that's a pretty big step financially:
Position:
VP of Finance
Base- $180k–$240k
Bonus- 20–35%
Equity- Possible
CFO
Base- $225k–$325k
Bonus- 25–50%
Equity- Strongly recommended
Depending on the company's growth trajectory and location, total compensation could range from $250,000 to $450,000+.
Posted on 7/30/26 at 12:53 pm to JOHNN
With that said, you need to look for a younger talent. Something where this would be a big step up in their career and they’re motivated by that more than the money. You can evaluate their qualifications and motivation in the interview process. This isn’t rare for smaller companies or start up, just a risk. Downside is this person could not be 100% ready for the role and you deal with bumps and bruises as they learn. Upside is they end up being a rockstar, but 3 years in, they’ll be looking to double their salary somewhere else. It helps to have good references for someone who’s ready to step up in this role.
Honestly, in my career I’ve found more success in challenging the up and comers vs hiring an old overpriced curmudgeon that’s looking for a retirement gig that doesn’t give a shite either way. See Brian Kelly. That experiment has been done 1000 times over in the corporate world. It has a high success rate for failure.
Go after the young guy.
Honestly, in my career I’ve found more success in challenging the up and comers vs hiring an old overpriced curmudgeon that’s looking for a retirement gig that doesn’t give a shite either way. See Brian Kelly. That experiment has been done 1000 times over in the corporate world. It has a high success rate for failure.
Go after the young guy.
This post was edited on 7/30/26 at 1:01 pm
Posted on 7/30/26 at 12:59 pm to JoseVargasTX
quote:
Background… we are about a $65 million construction staffing company, working in 17 states and focus on the MEP trades.
This is very impressive thing to be done without a CFO. Is that revenue or just a valuation?
quote:
Just got a line of credit in the last six weeks.
This is even more impressive to make it to a $65,000,000 company without a line of credit. Was money just flowing in constantly like an Arizona meth dealer where you could store pallets of cash? Making payroll is that one thing that has to be solid and where the LoC levels the peaks and valleys of primes and subs paying invoices.
To your question, we just brought in a CFO. He is a CFO now, however was a former civil engineer, which is what the company does. I would try to find a CFO who understands the construction world, if hard to find, at least one that has a background in staffing agencies. You do not want a pure numbers person, they need to understand the industry and quirks that come with it.
Posted on 7/30/26 at 1:02 pm to BabyTac
quote:
With that said, you need to look for a younger talent
This is what you do, if you like to lose money or a company
CFO is not where you give somebody a chance, they should be the most seasoned person of the C level tier.
Posted on 7/30/26 at 1:29 pm to DarthRebel
We ran at $15-17 million for several years and then jumped to $25 million in 2025. This year just exploded providing manpower for data centers. I’ve acted as ceo/cfo along with what I’d call two staff accountants. We average about 42 day turns on invoice to collections so money has rolled in well. We run a very lean business…
Posted on 7/30/26 at 2:13 pm to JoseVargasTX
Do you need someone more accounting focused or finance/commercial focused?
A good search firm (small shops) could be helpful, but at the end of they rely on volume and hope one lands their fee. If the firm has girls in their 20s that don't know what experience makes a CFO, probably not going to be helpful.
We received tons of junk despite repeatedly saying people must have X experience.
A good search firm (small shops) could be helpful, but at the end of they rely on volume and hope one lands their fee. If the firm has girls in their 20s that don't know what experience makes a CFO, probably not going to be helpful.
We received tons of junk despite repeatedly saying people must have X experience.
Posted on 7/30/26 at 3:13 pm to CheesyF
quote:
Do you need someone more accounting focused or finance/commercial focused?
This is the big question you need to be asking, and your answer will determine what you actually need.
A traditional CFO isn’t going to want to necessarily be in the weeds driving month end close, implementing process structure, creating financial statements, managing the ERP system, and dealing tax/external auditors.
They will be focus on driving direction, managing policy, financial outlook, budgeting, financing needs, and other top end items with a more operational mindset.
I know you want to run a lean business, but at this point you might want to consider a controller in addition to your CFO search, especially if you expect continued growth.
I say this as someone who works on the accounting side of a construction company.
This post was edited on 7/30/26 at 3:29 pm
Posted on 7/30/26 at 3:17 pm to BabyTac
quote:Uh, no. Clearly you have never hired a CFO.
Go after the young guy.
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