Episode Content OutlineGeneral Discussion Building a Remote Finance Team Ken to give overview of structure of current team Ken to talk through closing calendar structureHow do you manage your close calendar?What are the critical monthly deadlines?When are the books closed? The Virtual Assistant to the CFO How do you currently leverage a virtual assistant(VA)? Their duties/responsibilities? Gaining trust with a new VA When should a CFO hire a VA? Effective communication with your VA
Episode Content Outline
- General Discussion
- Building a Remote Finance Team
- Ken to give overview of structure of current team
- Ken to talk through closing calendar structure
- How do you manage your close calendar?
- What are the critical monthly deadlines?
- When are the books closed?
- The Virtual Assistant to the CFO
- How do you currently leverage a virtual assistant(VA)?
- Their duties/responsibilities?
- Gaining trust with a new VA
- When should a CFO hire a VA?
- Effective communication with your VA
- Finding a VA
- Project Manager
- What is the purpose/role of the PM
- Structure
- Onshore vs Offshore
- Which roles are better suited for Offshore/onshore?
- Issues to consider when choosing whether to find onshore/offshore remote talent.
- Recruiting
- Onshore
- How do you interview for remote finance hires?
- What do you look for in a remote candidate?
- What are the warning signs that a candidate isn’t suited for remote work?
- What working hours expectations do you set with your teams? Especially offshore or people who are in different time zones?
- What do you recommend for equipment policy for your onshore hires?
- Offshore
- Where to look when searching for Offshore help?
- Tips for interviewing/etc.
- Paying Offshore contractors/tax issues?
- Using an agency vs direct contractor hire
- Using part-time contractors?
- Onboarding/Training
- Once you have hired people, what advice would you give regarding the onboarding and training process in a 100% remote environment?
- Maintaining Culture and Morale
- How do you build and maintain relationships with a 100% remote team?
- What do you do for team building, etc?
- How do you gauge if an employee is at risk of leaving or is having an issue with engagement?
- Is there an expectation to have the onshore team at the same place together at some interval (once or twice a year?)
- Summary:
- Advice for those building a team from scratch
- Advice for those who are transitioning from a local team to a remote team
- Running a Remote Finance Team
- What is your meeting cadence with your team and how often do you touch base?
- Dealing with time zone differences
- How do you keep on top of your team?
- How do you know if deliverables are being worked on, and your team is running efficiently?
- What tools do you use to run your team?
- Task Management?
- Communication?
- Document/workpaper storage?
- Monthly Accounting Calendar?
- Any other considerations?
- Wrap Up
- What are your top “Do” and “Do not” regarding managing a remote finance team?
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