Fusemachines Looking for Fractional Chief Financial Officer at Long Beach, NY Full Time

Fusemachines is a 10+ year old AI company, dedicated to delivering state-of-the-art AI products and solutions to a diverse range of industries. Founded by Sameer Maskey, Ph.D., an Adjunct Associate Professor at Columbia University, our company is on a steadfast mission to democratize AI and harness the power of global AI talent from underserved communities. With a robust presence in four countries and a dedicated team of over 400 full-time employees, we are committed to fostering AI transformation journeys for businesses worldwide. At Fusemachines, we not only bridge the gap between AI advancement and its global impact but also strive to deliver the most advanced technology solutions to the world.

About The Role:

Department: Executive

Reports to: CEO

Position Overview: We are looking for a dynamic CFO who will be responsible for overseeing the financial operations of the company, providing strategic financial guidance, and ensuring the financial health of the organization. This role requires a high level of expertise in financial management, strategic planning, and operational efficiency, tailored for part-time engagement.

Key Responsibilities:

• Strategic Financial Leadership
• Develop and implement financial strategies to support the company’s overall business objectives
• Provide financial insights and guidance to the executive team and board of directors
• Participate in strategic planning, business development, and growth initiatives
• Financial Planning and Analysis
• Oversee budgeting, forecasting, and financial modeling processes
• Analyze financial performance and provide actionable recommendations
• Monitor key financial metrics and KPIs to ensure the company meets its financial goals
• Reporting and Compliance
• Ensure timely and accurate financial reporting in accordance with SEC regulations and GAAP/IFRS standards
• Prepare and file quarterly and annual reports (10-Q, 10-K) with the SEC
• Maintain compliance with Sarbanes-Oxley (SOX) requirements and other relevant regulations
• Investor Relations
• Serve as the primary point of contact for investors, analysts, and other stakeholders
• Develop and deliver presentations for investor meetings, earnings calls, and conferences
• Manage communication strategies to maintain and enhance investor confidence
• Capital Management and Fundraising
• Manage capital structure and optimize the company’s financing strategy
• Oversee capital raising efforts, including equity and debt financing
• Maintain relationships with banks, investment firms, and other financial institutions
• Risk Management
• Identify, assess, and mitigate financial and operational risks
• Implement and maintain robust internal controls and risk management frameworks
• Ensure compliance with financial policies, procedures, and best practices
• Mergers and Acquisitions (M&A)
• Lead financial due diligence and analysis for potential acquisitions, mergers, and divestitures
• Evaluate and negotiate deal terms and structures
• Integrate acquired entities and ensure smooth transitions
• Operational Efficiency
• Improve financial processes and systems to enhance efficiency and accuracy
• Oversee cash flow management, working capital optimization, and expense control
• Implement cost-saving initiatives and operational improvements
• Team Leadership and Development
• Provide leadership and direction to the finance team
• Mentor and develop finance staff, promoting a culture of high performance
• Foster collaboration between finance and other departments
• Strategic Partnerships and Alliances
• Identify and evaluate strategic partnerships, alliances, and joint ventures
• Negotiate terms and manage relationships with key partners
• Leverage partnerships to enhance the company’s market position and financial performance
• Technology and Innovation
• Implement and leverage financial technology solutions to improve reporting and analysis
• Stay abreast of industry trends and innovations in financial management
• Promote the adoption of digital tools and platforms to enhance financial operations
• Prepare and present financial reports and strategic plans to the board of directors and investors.

Requirements & Qualifications:

Education:

• Bachelor’s degree in finance, Accounting, or a related field
• MBA or advanced degree in Finance or Accounting is preferred
• Professional certification (CPA, CMA, or equivalent) is advantageous

Experience:

• Minimum of 10 years of experience in senior financial management roles
• Proven experience as a CFO, preferably in a mid-sized or large organization
• Experience in the NY Metro Area market is preferred.

Skills:

• Strong knowledge of GAAP and financial regulations
• Proficiency in financial management software and ERP systems
• Excellent analytical, strategic planning, and problem-solving skills
• Strong leadership and team management abilities
• Excellent communication and interpersonal skills
• Ability to work effectively in a part-time capacity.

Work Environment: The role is part-time and primarily office-based in the NY Metro Area, with some flexibility for remote work. Occasional travel may be required.

Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

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