What it takes to be a CFO in a private equity-backed SaaS business

Building Soft Skills

While technical skills and experience are essential, soft skills are equally important for a CFO in a PE-backed SaaS business. Here are some key areas to focus on:

1. Leadership: A CFO must inspire and lead the finance team, fostering a culture of excellence and accountability. Effective leadership also involves collaborating with other executives to drive the company's strategic vision.

2. Communication: Clear and concise communication is vital when dealing with investors, board members, and employees. The CFO must be able to convey complex financial information in an understandable manner.

3. Adaptability: The dynamic nature of the tech industry requires a CFO who can adapt to changing circumstances, pivot strategies when necessary, and remain resilient in the face of challenges.

In summary

Becoming a CFO in a private equity-backed SaaS business is not for the faint-hearted. It demands a unique blend of exit experience, fundraising expertise, and M&A acumen, coupled with strong leadership and communication skills. For finance professionals aspiring to this role, continuous learning and development are essential. By honing these skills and gaining relevant experience, you can position yourself as a valuable asset to any PE-backed SaaS company.

Are you looking for your next senior finance job in a PE-backed SaaS business?

At Marks Sattin, we work with a wide range of investor-led businesses across all sectors and locations. We collaborate with funds who are looking to find incredible talent for their portfolio companies. View our latest opportunities here.

Alternatively if you are a fund looking to hire for your business, please don’t hesitate to submit a brief.