The Evolving Landscape of Finance Talent in Private Equity-Backed Businesses

In today’s fast-paced and ever-changing financial landscape, private equity (PE) firms are facing unprecedented challenges in attracting and retaining top finance and accounting talent. With increased competition for skilled professionals, rising expectations for financial leadership, and evolving regulatory environments, the need for high-caliber finance professionals has never been greater.

Why Finance & Accounting Talent is Critical for PE-Owned Businesses

Private equity-backed companies operate in a high-stakes environment where financial discipline, strategic growth, and operational efficiency are essential for success. Strong finance leadership can make or break an investment by ensuring:

• Accurate financial reporting and compliance with evolving regulations.
• Data-driven decision-making to optimize profitability and scalability.
• Seamless M&A integration for portfolio expansion and efficiency.
• Operational improvements and cost efficiencies to drive EBITDA growth.

As PE firms look to maximize returns on investment, the role of finance professionals is becoming increasingly strategic rather than transactional. The traditional CFO is no longer just a number-cruncher but a key business partner who collaborates on growth initiatives and value creation strategies.

Current Hiring Trends in PE-Backed Finance & Accounting Roles

1. The Rise of Interim and Project-Based CFOs

Many PE firms are turning to interim CFOs and fractional finance leaders to navigate complex transitions, such as M&A activity, restructuring, or IPO readiness. These professionals bring specialized expertise without the long-term commitment, allowing firms to maintain agility.

2. Demand for Finance Professionals with Operational Expertise

Beyond technical accounting skills, PE firms are increasingly seeking finance leaders with strong operational experience. CFOs and controllers who understand how to drive efficiencies in manufacturing, SaaS, healthcare, or other key industries are in high demand.

3. Technology and Data Analytics as Must-Have Skills

With finance automation, ERP implementations, and AI-driven analytics transforming the sector, firms are prioritizing candidates with tech-savvy financial acumen. Finance professionals who can leverage data insights to streamline processes and support strategic decision-making have a competitive edge.

4. Compensation & Equity Structures Evolving to Attract Talent

To remain competitive, PE firms are offering more performance-based incentives, equity participation, and flexible compensation structures. This shift helps attract top talent who are motivated by long-term value creation rather than just base salary.

How to Attract and Retain Top Finance Talent in 2024

With demand for finance and accounting professionals at an all-time high, PE-backed businesses need to rethink their talent acquisition and retention strategies. Here’s how:

• Offer clear career progression: High-performing finance professionals are looking for opportunities to advance into CFO roles or other strategic leadership positions. Show a clear path for growth.
• Emphasize culture and mission alignment: Candidates want to work for organizations where they can make an impact. Highlight how their role will contribute to value creation.
• Speed up the hiring process: The best finance talent is off the market fast. Ensure your recruitment strategy is streamlined to avoid losing top candidates to competitors.
• Partner with specialized recruiters: Working with a finance and accounting recruiting firm that understands the unique needs of PE-owned businesses can give you access to top-tier candidates faster.

Final Thoughts

The landscape for finance and accounting talent in private equity-backed businesses is evolving rapidly. Companies that stay ahead of hiring trends, invest in the right talent, and create compelling career opportunities will have a competitive edge in 2024 and beyond.

At Torrey & Gray, we specialize in connecting top-tier finance and accounting talent with private equity-backed companies looking for transformative leadership. If you’re ready to build a high-performing finance team, let’s talk!

Contact us at 312-492-4080 or cb@torreygray.com to learn how we can help you find the right talent to drive your business forward.