Strategic Finance RolesSubscribe
For all of you monkeys working in whats deemed strategic finance (outside of Corporate Development as we've had plenty of discussion on that already), would really love to know more about your background and some of the projects that you work on.
The bulk of my career has been spent on the corporate banking side, providing bank capital to small businesses, middle market companies, and mega cap corporations across a variety of industries. My job specifically entails analyzing our clients from a financial/credit/cash flow perspective to determine credit worthiness in addition to structuring and executing the transaction (i.e. term loan, revolving credit facility, bridge financing). Over at least the past year, I have become much more client facing and interacting with VP of Finance / CFO type individuals and getting a better perspective into how our capital is being put to work. I've also provided financing (or attempted to but deal(s) were turned down by our credit committee) to companies in the middle of a strategic turnaround whether they we're growing by M&A, divesting assets, restructuring to achieve cost savings, etc.
Working on such transactions has really increased my interest in strategic finance roles where I could use the financial / analytical / capital structure tools I have today and work-in house in an analytical support role for the company's strategic direction. By this I mean using accounting and finance to not keep score of past performance (i.e. FP&A, consolidation, reporting, variance analysis) type work but rather 1) assist with capital raising and optimal capital structure and help work the banking relationships, 2) provide analytical support for strategic initiatives (expansion, divestiture, new product line, JVs, other partnerships), 3) help drive various internal improvement projects on finance side (cost savings, process improvement, etc), 4) field questions from investors and capital providers, coordinating across the company.
Curious if any of you monkeys work in such roles and what groups in a corporation will typically perform such tasks (sure it varies by company).