The construction industry is full of companies that start small with a bookkeeper. They grow a bit, and the bookkeeper gets promoted to controller. Then the firm really takes off, and the controller, the very same human being who 10 years earlier was a humble bookkeeper, is now a CFO. This is a very normal progression in the industry, but is it a good thing? What should a true CFO really be doing? What should senior leaders reasonably expect from someone in their employ with the title of CFO?
Please tune in this week as Travis Hendrick asks three common questions we hear from members and offers the six components true CFOs should be delivering. What’s your experience? When you made the strategic move to hiring a true CFO, what benefits did you experience? Please share with us in the comments.
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Tim Holden says:
Hi – really enjoyed the January blog from Travis on The Role of a CFO. We are an 18 employee service company, can you please send me the job description?
thanks! Always enjoy Wayne & Dennis’s presentations too!
Wayne Rivers says:
Will do, Tim. Thanks.
Stephen Lambert says:
Would apprciate the CFO role description as well.
Travis Hendrick says:
Stephen – send me an email at thendri2@familybusinessinstitute.com and I’ll reply with the JD. Thanks for your comment.
Brooks McCord says:
Travis – Excellent presentation and summary of a CFO’s roles and responsibilities. I would add one more point. In order to perform the roles & responsibilities of the CFO, the CFO must hire, train and retain the best team members. Will you send over the job description? Thank you.
Ryan Livengood says:
Thank you for this presentation, very helpful summary for me as I transition into a CFO role. Can you please share the CFO job description with me as well?
Michael James Whittaker says:
This has been a subject of much discussion, appreciate the insight. Could you please send me the CFO Job Description? Thanks in advance.
Edward J Twehous says:
Great piece! Can I get the CFO job description please?
Wayne Rivers says:
Done, Ed. Thanks.
Colin Yoshiyama says:
Could you please email me the CFO job description? By the way, these videos are great. I watch them every week!
Wayne Rivers says:
Done, Colin. Why have you not yet joined one of our peer groups? I remember personally reaching out. I’ll have Charlotte send you the info and follow up.
Jim Russell says:
Well done. I would appreciate a CFO job description as well Wayne. Thanks! And, as always, I agree with Kent Pilcher!
kent pilcher says:
Travis, excellent summary. Would you please send job description to me as well. Our CFO has grown up in our team of companies and oversees all (she’s incredible). I would submit that while the CFO should ‘lead’ these processes, the entire leadership team should understand and continually be looking all of these dynamics. it’s far too big a job, and very lonely ‘voice’, if it’s only the CFO. thanks!
Ron G Petersen says:
Can I please get the CFO job description? Thank you for the information.
Wayne Rivers says:
Done. Why have you not joined a peer group yet, Ron?
Kevin Gabel says:
Very well done, Travis! Can I also please get a copy of your CFO job description.
Wayne Rivers says:
Done, Kevin.
Staci Brown says:
Well put, thank you for this video. May I please have the job description sent to me that was mentioned near the end? Thank you!
Wayne Rivers says:
done.
Querino Pacella says:
Great presentation Travis, thank you!
Wayne Rivers says:
Thanks!
Jeff DiStefano says:
Hi. Travis,
Could you send me the Job description for the CFO and COO. That was a great presentation
Wayne Rivers says:
Done, Jeff. HNY, brother!
Patrick McHugh says:
Wayne,
Thanks for this presentation. Can you please forward me the CFO job description
Wayne Rivers says:
Done.
Andrew Shmina says:
Can I get that CFO Job Description?
Mike Mencarini says:
Extremely informative presentation, Thank you! I would enjoy a getting a copy of the CFO job description also.
Travis Hendrick says:
Thank you Mike! Glad it hit the mark with you.
Wayne Rivers says:
Done, Mike.
mike smegner says:
same here – please a copy of the cfo job
Wayne Rivers says:
Done.
Lindsey Smith says:
Great video! Can I please get a copy of the CFO job description. And I see someone above asked for the same for COO and Sales and Marketing leader. If you have those, I’d love to see them as well. Thanks!
Trenton Watkins says:
Thank you! I’d like a copy of the CFO job description as well as the COO Job description.
Wayne Rivers says:
done.
Travis Hendrick says:
Thank you Lindsey!
Wayne Rivers says:
Done.
Mark Muonio says:
Lots of value in this presentation, your CFO job description would be appreciated.
Travis Hendrick says:
Thank you Mark! I’m passionate about how to leverage this position in our industry to help build stronger contractors.
Wayne Rivers says:
Done.
Myrna Rodriguez Carter says:
Very informative. I, too, would appreciate a copy of your CFO job description. Thank you.
Travis Hendrick says:
Thank you Myrna!
Wayne Rivers says:
Done.
harry schmidt says:
Hi Wayne – do you have a summary of this presentation? Also, can you please send a copy of the job description alluded to in this presentation? Thank you!
Wayne Rivers says:
Done.
Paul M Cantarella says:
same here any chance of copy CFO job?
Travis Hendrick says:
Paul – if Wayne did not already send, shoot me an email at thendri2@familybusinessinstitute.com and I’ll send a copy your way. Thank you!
Jeff Smith says:
Thanks for the informative and insightful video.
Travis Hendrick says:
You are welcome Jeff. Thank you for your comment and I hope we have helped you in some form or fashion.
Wayne Rivers says:
You’re welcome, Jeff.
Brad Schrock says:
I would appreciate a copy of your CFO job description. Great job on clearly presenting all of the aspects of the position.
Travis Hendrick says:
Appreciate the feedback Don. Thank you
Wayne Rivers says:
Done, Brad.
Don Woodruff says:
Very thorough and thoughtful presentation. I too would like a CFO job description via email.
Florencio Maya says:
Hello,
Great video. Thank you the detailed explanation. Can you please send me the CFO description also via email ?
Thank you
Travis Hendrick says:
Thank you Don!
Wayne Rivers says:
Done, Don.
Josh Marrillia says:
Could you please send your CFO job description via e-mail?
Wayne Rivers says:
Done, Josh.
Lisette Villavicencio says:
Are there a lot of Owners that are the CFO?
Wayne Rivers says:
Not among decent size, growing contractors, Lisette. Two completely different roles… Do owners not have enough to do without managing finance and all the other roles a good CFO fulfills?
Kimberly Peterson says:
I am the CFO of our company and this was greatly valued. Do you have a similar summary for a VP of operations, or COO, and VP of sales and marketing. We are currently hiring for those positions and building out the job descriptions to release.
Travis Hendrick says:
Thank you Kimberly!
Wayne Rivers says:
Done, Kim. Thanks.
Henry Remiz says:
An excellent mini-presentation!
I am the Controller/CFO of a medium-sized business, and have announced my intention to retire soon. I have forwarded today’s presentation to the ownership group to help them with their recruitment.
Please send me the job description that the presenter alluded to… thanks!
Travis Hendrick says:
Thank you Henry – congratulations on your retirement and enjoy the next chapter of your life.
Wayne Rivers says:
Done!
Travis Hendrick says:
Absolutely Brooks – the mentoring, coaching, developing of people should be a key accountability for all roles which contain direct reports. Thank you for highlighting this! Thanks for your feedback!
Wayne Rivers says:
Done, Brooks. Thank you.
Travis Hendrick says:
Great to hear Ryan. Thank you
Wayne Rivers says:
done
Travis Hendrick says:
Thank you Edward!
Travis Hendrick says:
Thank you Jim. Shoot me an email thendri2@familybusinessinstitute.com and I’ll reply with the job description. Thanks again
Travis Hendrick says:
Kent – thank you for your feedback. 100% agree. Send me an email at thendri2@familybusinessinstitute.com and I’ll reply with the job description. Thanks again
Travis Hendrick says:
Thank you Kevin
Travis Hendrick says:
Thank you Staci!
Travis Hendrick says:
Thanks Querino – see you this spring in Eugene!
Travis Hendrick says:
Thank you Jeff
Neha Gupta says:
Emailed. Thanks!
Wayne Rivers says:
done
Wayne Rivers says:
done