Chief Financial Officer

Overview

A retail apparel chain specializing in outdoor lifestyle apparel is seeking a fractional Chief Financial Officer (CFO) to support its growth and expansion plans. The business currently operates five stores in the southeastern USA with annual revenues between $5 million and $10 million.

Responsibilities

• Develop cash flow projections tailored to a seasonal, multi-location retail environment
• Model financial scenarios to determine the timing and feasibility of opening new store locations
• Advise on appropriate debt levels and prepare financial documentation for bank presentations
• Collaborate with the buyer to set inventory target levels and key ratios
• Review existing books and accounting processes to identify areas for improvement
• Work closely with the owner as a strategic thought partner on growth initiatives

Note: The company currently works with an external bookkeeper and CPA.

Requirements

• Experience as a CFO or equivalent role in small retail chains with revenues ranging from $1 million to $25 million
• Significant experience in fashion apparel retail
• Proven track record of building financial models that support retail expansion and new store openings
• Experience managing debt raises, including determining appropriate amounts and closing financing with banks

Preferred Qualifications

• Based in the Southeastern USA
• Ability to flex into a Chief Operating Officer (COO)-type role if needed

Compensation & Commitment

• Weekly commitment: 2 to 10 hours
• Compensation: $200 to $225 per hour
• Equity offered
• Remote work (USA and Canada only)
• Moonlighting allowed
• Potential to convert to full-time

Location

Remote position available to candidates located in the USA or Canada. Preference for candidates in the Southeastern USA.

Interested candidates should provide a brief introduction addressing:

• Previous CFO roles in retail businesses, including number of locations and revenue size
• Specific experience in fashion apparel and involvement in inventory planning
• Experience with retail expansion and debt financing

Applications will be reviewed and qualified candidates contacted for an introductory call.