Fractional CFO

  • A full-time CFO might not be the right current fit for your business, and a fractional CFO can provide flexibility and customization  
  • David supports clients with fractional CFO and/or CFO support services to provide the benefits of an experienced financial professional without the expense of bringing on a full-time resource  

Interim CFO

  • When a CFO departs or takes extended leave, DWFS provides defined-term coverage
  • Services can include onboarding alongside the outgoing CFO, quality control and a buffer for the finance team, strategic support to the executive team, board and committee support including preparation, and a written recommendations report at handover

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Here are some of the areas where David can provide capacity for your organization:

Dynamic financial modeling & strategic planning

  • Chart of Accounts redesign, including historical remapping and coordination with bookkeepers and tax preparers
  • Budget building inc. multi-year financial projections
  • Revenue forecasting
  • Cash flow forecasting
  • Profit structure review and optimization
  • Capital intensity analysis & redesign
  • Merger & Acquisition modeling and strategy

Strategic Financial Communications

  • Investor and lender relations, including quarterly reporting packages and due diligence questionnaires
  • Financial dashboards & KPIs
  • Internal - to empower effective and timely decision making
  • Board/External - to align interests and foster transparency
  • Quarterly financials

Capital

  • Capital formation guidance (inc. debt)
  • Grant pipeline development, screening scorecards, budget and narrative

Governance & Compliance

  • Board and committee charter review and drafting
  • Conflict of interest and financial policy review and drafting
  • Investment, cash management and procurement policy development
  • Asset Liability Committee (ALCO) scoping, formation and reporting cadence
  • Delegated financial authority frameworks - approval thresholds by dollar size and approver
  • Month-end and period close process design, including close definition, prior-period adjustment controls and period lockdown
  • Auditor selection & engagement, run as a full RFP where appropriate
  • Audit prep & support, including first-time audit readiness
  • Management Discussion & Analysis (MD&A) drafting and review
  • Service provider review and transition - bookkeeping, payroll, banking, tax

Federal and funder compliance

  • Federal grant reporting structures, including chart of accounts and class design to support clean drawdown and reporting
  • Time and effort documentation and payroll allocation across federal awards
  • Match and leverage calculation and monitoring on federal awards
  • Support for CDFI Fund reporting, including the Annual Certification and Data Collection Report (ACR) and Transaction Level Reporting (TLR)
  • Financial review frameworks for evaluating funding applicants and sub-recipients

Sector competencies

  • CDFIs and loan funds - certification reporting, CAMELS-based ratio analysis and peer benchmarking, loan loss reserve methodology, net asset composition and release, notes payable and notes receivable management, sources and uses of lending capital, covenant compliance
  • Operating companies - unit economics, inventory and yield analysis, capital intensity and equipment payback, direct versus indirect cost structure and gross margin presentation
  • Nonprofits - functional expense allocation, restricted versus unrestricted net assets, grant budgeting and indirect cost, reimbursement-basis working capital analysis, coordination across affiliated 501(c)(3) and 501(c)(6) entities
  • Quasi-governmental and public capital - multi-source program allocation, federal award compliance, grants committee and board sub-committee governance

External representation

  • Several DWFS agreements expressly contemplate representing the client in a formal capacity with legal counsel, lenders, auditors, service providers and investors

 

Please contact David with any questions.