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Hiring Guides14 min readMarch 8, 2024

Best Headhunters for CFO Hiring: Finding Financial Leaders Who Scale

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Nicole Anderson

Finance Practice Lead

CFO Hiring: Finding Financial Leaders Who Scale

The CFO role has evolved from chief accountant to chief strategist. Modern CFOs are expected to drive fundraising, manage investor relations, build financial models that guide product decisions, and increasingly, oversee legal, HR, and operations as part of a broader "Chief Business Officer" mandate. This evolution means traditional finance recruiters who source from Big Four accounting firms are missing the full picture. The best CFO headhunters source from a broader talent pool: - Investment banking veterans who understand capital markets and M&A - Former startup CFOs who've navigated from seed to IPO - Corporate finance leaders from high-growth tech companies - PE/VC operating partners who understand board dynamics - FP&A leaders ready to step into the CFO seat The right headhunter evaluates CFO candidates on financial modeling skills, fundraising experience, board communication, operational leadership, and strategic partnership with the CEO.

Choosing a CFO-Specialized Headhunter

CFO search is a specialty within executive search. Here's how to evaluate headhunters for this critical role: Industry-specific expertise: A SaaS CFO needs to understand ARR, NRR, Rule of 40, and SaaS-specific valuation metrics. A manufacturing CFO needs supply chain finance, working capital management, and cost accounting. Match the headhunter's expertise to your industry. Stage expertise: First-time CFO hires for startups require a different headhunter than public company CFO replacements. The skills, networks, and evaluation criteria are fundamentally different. Fundraising track record: If you need a CFO who can lead your next fundraise, your headhunter should be able to evaluate fundraising experience specifically. Have they raised a Series C? Managed an IPO roadshow? Negotiated debt facilities? Compensation structuring: CFO compensation is complex - base, bonus, equity, and increasingly, carried interest or co-investment rights. Your headhunter should be able to benchmark and structure packages that attract top talent. At HireHunter, our finance practice headhunters come from investment banking, private equity, and corporate finance backgrounds. They evaluate CFO candidates the way a board would - through financial rigor, strategic thinking, and leadership assessment.

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