Fractional CFO Job Description Template

Sopiko Mamulashvili

Last updated on February 12, 2025 | 7 min read

Job Description Template

Introduction

The Fractional CFO job description template helps organizations identify experienced financial leaders who can provide high-level financial oversight on a part-time or contract basis. This role is crucial for companies seeking strategic financial guidance without committing to a full-time CFO. Ideal candidates bring expertise in financial planning, risk management, cash flow optimization, and long-term growth strategies. By hiring a skilled Fractional CFO, businesses can gain access to expert financial decision-making, improve financial stability, and navigate challenges such as fundraising, scaling, or restructuring. This flexible approach allows companies to strengthen their financial operations while maintaining agility and cost efficiency.

General overview of the role

A Fractional Chief Financial Officer (CFO) is a senior financial executive who provides strategic financial leadership on a part-time or contract basis. This role is designed for businesses that require high-level financial expertise but do not need or cannot support a full-time CFO. The Fractional CFO is responsible for overseeing financial strategy, budgeting, forecasting, risk management, and financial reporting, ensuring the company’s financial health and sustainability. They work closely with business owners and executive teams to optimize cash flow, improve profitability, and support growth initiatives. Additionally, they provide insights into cost control, fundraising, mergers, and acquisitions, as well as financial compliance. By leveraging their experience across multiple industries, Fractional CFOs offer objective financial guidance tailored to the company’s needs. Their role is particularly valuable for startups, small businesses, and companies undergoing transitions or rapid scaling, helping them navigate complex financial challenges efficiently.

Typical Duties and Responsibilities:

• Develop and implement financial strategies to support business growth, profitability, and sustainability.
• Oversee financial planning and budgeting processes, ensuring alignment with organizational goals.
• Monitor cash flow, working capital, and financial performance, providing recommendations for improvement.
• Prepare financial statements, forecasts, and reports for senior management and board meetings.
• Advise on financial risk management, investment strategies, and capital structure.
• Provide insights on mergers, acquisitions, or financial restructuring, including due diligence.
• Lead financial audits, ensuring compliance with regulatory requirements and best practices.
• Assist in securing financing or managing investor relations.
• Develop and implement internal controls to ensure financial integrity and mitigate risks.
• Collaborate with internal teams, including accountants and operational leaders, to optimize financial processes.
• Identify opportunities for cost reduction and operational efficiency to enhance overall financial performance.

Required Skills and Experience:

• 5-7 years of experience as a CFO, financial director, or senior finance professional in a similar industry.
• Extensive knowledge of financial modeling, accounting standards, financial regulations, and reporting practices.
• Proficiency in financial software and ERP systems (e.g., QuickBooks, SAP, Xero).
• Ability to analyze complex financial data and provide actionable insights.
• Exceptional strategic thinking, problem-solving, and decision-making skills.
• Excellent communication and interpersonal skills for dealing with executives, investors, and external partners.
• Strong organizational skills and attention to detail.
• Bachelor’s degree in Finance, Accounting, Economics, or a related field (MBA or CPA is a plus).
• Experience with fundraising, investor relations, and capital-raising strategies for business growth.

Nice to Have/Preferred Skills and Experience:

• Experience in high-growth, startup, or private equity-backed companies.
• Knowledge of specific industry regulations and tax laws.
• Proven track record of successfully raising capital or managing investor relations.
• Familiarity with advanced financial tools and technologies, such as data analytics for financial forecasting.
• Experience working with cross-functional teams and managing diverse stakeholders.

What we offer

• Extensive health and wellness coverage.
• Work-from-home options and flexible hours.
• Paid time off for vacations, holidays, and sick leave.

Here are a few more benefits that, according to Forbes, are valued by employees:

• Retirement savings plans with employer matching, such as 401(k) plans, are highly valued by employees.
• Early leave on Fridays.
• 4-day work week.
• Private dental insurance.

Fractional CFO Salary:

• Average Salary: $151302 per year
• Entry-Level: $58000 per year
• Experienced (Most Skilled): $257500 per year

Note that the salary for a Fractional CFO may vary based on the specific location. Entry-level professionals may earn around $58000 per year. Experienced professionals can earn up to $257500 per year, depending on their expertise.

Common Challenges Faced by Fractional CFOs

• Balancing strategic impact with limited engagement

Providing high-level financial leadership while working part-time or on a contract basis can make it challenging to drive long-term initiatives effectively.

• Optimizing cash flow and financial health

Ensuring financial stability, managing liquidity, and maintaining profitability without full control over daily financial operations requires strong collaboration with internal teams.

• Navigating complex financial reporting

Producing accurate financial reports and ensuring compliance with accounting standards and regulations can be difficult, especially when working across multiple clients or industries.

• Supporting fundraising and investment efforts

Helping businesses secure funding, negotiate with investors, and manage capital structure demands expertise in financial modeling and market dynamics.

• Adapting to company growth and transitions

Scaling financial strategies to support business expansion, mergers, acquisitions, or restructuring requires flexibility and deep industry knowledge.

About us

We recommend including general information about the company, such as its mission, values, and industry focus. For instance, you could say:

"DevsData LLC is an IT recruitment agency that connects top tech talent with leading companies to drive innovation and success. Their diverse team of US specialists brings unique viewpoints and cultural insights, boosting their capacity to meet client demands and build inclusive work cultures. Over the past 8 years, DevsData LLC has successfully completed more than 80 projects for startups and corporate clients in the US and Europe."

Explore sample resumes

Explore this effective resume example to guide your focus and priorities during the candidate review.

Contact DevsData LLC

If you’re looking to hire a qualified Fractional CFO, reach out to DevsData LLC at general@devsdata.com or visit www.devsdata.com. The company’s recruitment process is thorough and efficient, utilizing a vast database of over 65000 professionals.

They are renowned for their rigorous 90-minute interviews to assess candidates’ technical skills and problem-solving abilities.

Additionally, DevsData LLC holds a government-approved recruitment license, ensuring compliance with industry standards and regulations.