CHIEF FINANCIAL OFFICER
----------------------------------
LOCATION
Position can be based in either Everett, WA, Phoenix, AZ or Chicago, IL
COMPANY SUMMARY
Verstela is a leading provider of staffing solutions, specializing in temporary, temp-to-hire, and direct hire services. Their mission, “Success Stories Created Daily,” reflects their unwavering commitment to empowering both individuals and businesses to reach their goals. Verstela is making businesses better with every placement they make.
In 2024, TERRA Staffing Group and ASG Staffing merged under the Verstela brand, forming a stronger entity with expanded service offerings. Verstela operates in nine states from the west coast to the mid-west. This merger resulted from Hastings Equity Partners, a preferred capital partner to founders of lower middle-market businesses, headquartered in Boston, MA, acquiring majority interest of TERRA in 2023. The investment was made to accelerate TERRA’s proven multi-state presence. With their nationwide reach and local market insights, Verstela is more equipped than ever to help businesses thrive—anywhere in the country.
ABOUT THE POSITION
The CFO will play a significant role in the growth and success of the company by leveraging their deep finance and accounting expertise to formulate and drive financial strategy. Responsible for all aspects of finance, tax, compliance, risk management and investor relations, the CFO will lead a team of accounting employees in Everett, WA and Chicago, IL. The CFO will report to the CEO and be a member of a senior leadership team that works in a fast-paced and highly accountable, collaborative manner.
The ideal candidate will be a strong collaborator. This role requires someone who can deeply understand the staffing business and partner with members of the executive and operational leadership team to advise and drive results.
POSITION QUALIFICATIONS SUMMARY
- Bachelor’s degree from an accredited college or university with a major in accounting, finance or business administration. An MBA is a plus.
- Experience as a member of a management team.
- Experience in developing cash flow forecasts and meaningful financial performance measurement reports in a metrics/goal driven organization.
- Experience working in a professional services firm is desired.
- Knowledge of the staffing industry is a plus.
- Experience working in a multi-location, multi-state business.
- Preference for someone who has experience working in a professional investor backed company, and working directly with investors.
- Experience managing managers, with a track record of developing high performers.
- Experience in the M&A process, preference is for integration experience but it is highly desired to have due diligence experience as well.
- Experience working in a leveraged company, managing debt obligations and banking relationships.
- Be a continual learner who is inquisitive and understands how to translate financial and accounting information to different audiences in a succinct and easily understood manner.
