We have observed some interesting trends in the market, with companies facing the risk of losing talent as they transition back to in-person office work and an increasing number of CFOs seeking non-traditional accounting expertise. What developments have you seen?

With 60% of workers now back in the office five days a week, many companies are confronted with losing valuable employees, probably more than expected.

  • The return to full-time in-office work has made it challenging to source and recruit new talent. Finding qualified workers within the appropriate compensation ranges is also difficult, resulting in slower times to hiring. (Our methods result in a 6-8 week hiring process)

Identifying qualified individuals with the requisite technical skills to oversee data collection, analysis, and reporting processes is a rising concern.

  • The current market highlights the significant challenge posed by the skills gap for both employers and job seekers. Given the rapid evolution of technology and the associated shift in job requirements, the demand for recruiting skilled professionals remains high.

We’re seeing a shift to more CFOs expanding their search for accounting and finance professionals who possess a range of diverse skill sets, including project management, system implementation, and portfolio data and analysis.

  • The need for non-traditional accounting talent is becoming increasingly apparent as companies strive to remain competitive and maximize their financial performance. Given our current dynamic and complex economic landscape, it is essential to identify and attract talent with expertise and technical proficiency in these areas to stay ahead of the curve.

Due to our uncertain economic and geopolitical conditions, the CFOs responsibilities have expanded to include a multifaceted and strategic approach.

  • As companies evolve and grow, so does the role of CFOs, and focusing on potential is just as important as financial skills. The position now demands more flexibility and willingness to explore new possibilities while working as a collaborative partner within organizations. Read more here: How the CFO Position Continues to Evolve

We’re also noticing a change in the private equity job market as smaller firms capitalize on the hiring slowdown at larger companies.

As always, you can reach me at [email protected] or 646.328.1446 to learn more about these topics and how we are solving the talent issues challenging the industry.

Notable Market Moves

JANUARY – SEPTEMBER 2023

  • Fort Point Capital appoints Michael Schiavo as Chief Financial Officer and Chief Compliance Officer. He comes from Prospect Hill Growth Partners where he served as Chief Financial Officer and Chief Compliance Officer.
  • Hellman & Friedman promotes Chiara Love to Controller. She previously was the Assistant Controller.
  • Warren Equity Partners appoints Pinal Parekh as Managing Director and Chief Financial Officer. He comes from EIG where he served as the Managing Director and Chief Financial Officer.
  • Argosy Capital appoints Sherry Gao as Chief Financial Officer. She previously was the Chief Financial Officer at Centre Lane Partners, LLC.
  • Dan Mullins joins Rhône Group as Chief Financial Officer. He comes from Antares Capital LP where he served as the Managing Director, Controller, Interim Chief Financial Officer.
  • Rowena Sardelli joins Firmament as the Chief Financial Officer. She comes from Antarctica Capital where she served as a Chief Financial Officer.
  • Raki Shah joins Acquisition.com as the Chief Financial Officer. He comes from SPOTIO where he served as the Chief Financial Officer.
  • Columbia Capital promotes Jason Lee to Chief Financial Officer. He previously was the Vice President of Finance.
  • Maveron appoints Nathan Apsel as the Chief Financial Officer. He comes from Paradigm where he served as the Chief Financial Officer.
  • Marcy Venture Partners hires Becky Cooper as the Chief Financial Officer. She comes from DBL Partners.
  • James Chan joins BankTech Ventures as the Chief Financial Officer. He previously was the Chief Financial Officer at Breakout Ventures.
  • Upfront Ventures hires Nina Sen as the Chief Financial Officer. She comes from Omaze.
  • Dave Reed joins YL Ventures as the Chief Financial Officer. He comes from PowerPlant Partners where he served as the Chief Financial Officer.
  • Devin J Anderson joins Black Cliffs Partners as the Chief Financial Officer. He comes from Fluent Solar where he was the Chief Financial Officer.
  • Digital Currency Group appoints Mark Shifke as the Chief Financial Officer. He comes from Billtrust where he served as the Chief Financial Officer.
  • Tero Collin was promoted to Head of Fund Operations and Strategy at M12 – Microsoft’s Venture Fund. He previously was the Chief Financial Officer.
  • Curt Buser, CFO of The Carlyle Group has retired (effective year end 2023) and will be succeeded by John Redett who will become CFO and Head of Corporate Strategy. John is promoted internally from Global Head of Financial Services. Jim Burr will be promoted to Head of Global Financial Services succeeding John Redett.