Hi fishes, I am interviewing for a new job at company with ~10 people. I would be coming in as a director of finance, CFO wants to retire in a couple years so this person would be groomed for CFO role. I have only worked at fortune 100 companies in my career. Moving from such large companies to a small company what are some questions I should ask about the role and company / red flags to look for? Is it ok to ask to the see the companies financials prior to joining? The company is not a start up

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I think it’s definitely in bounds to ask to see the company financials if you’re being hired into a corp fin job with the expectation of taking over CFO. Also ask about any past or current litigation, you’ll find huge red flags there if there’s any.

I used to work for a small firm (peaked at 12 employees) lawsuits that the company initiated drove it to bankruptcy and ultimately litigation. Other than that, ask about culture, it’s much more important at a small firm. Are people genuinely friends with each other? Do they have each others backs?

Also find out who the principal owner(s) is(are) and what their plans for the business are (I.e. their working relationship and succession plans, whether they have key man insurance, etc). the place described above had two principal owners and in the end they detested each other and were making decisions independent of one another. It was clearly a recipe for disaster.

likehelpful

You might to spend a couple hundred dollars and do a lexis nexus on the company

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