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The Modern CFO: Scott Engler on How to Master the Most Important Role in the Company

In many companies, the CFO is more important than the CEO — and the majority of PE-backed CFOs are not up to par. Scott Engler joins the Run the Numbers podcast to explain why, and what separates the best from the rest.
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Scott EnglerSync Executive Partners · 2025-09-04

In many companies, the CFO is more important than the CEO. And the majority of private equity-backed CFOs are actually not up to par.

In this episode of the Run the Numbers podcast, CJ Gustafson is joined by Scott Engler — CEO and co-founder of Sync Executive Partners and co-founder of PE-Xcelerate — to explain why he believes these statements to be true.

What the Conversation Covers

The Evolving Role of the CFO

Scott shares insights on the many hats the modern PE CFO wears — and which ones they should prioritize. The CFO role has moved decisively beyond financial stewardship into enterprise leadership, and the gap between CFOs who understand this and those who don't is widening.

Navigating Stakeholder Relationships

How to navigate your relationship with the CEO, the PE sponsor, and other key stakeholders. The dynamics are unique to the PE environment — and most CFOs coming from non-PE backgrounds underestimate how different the operating environment actually is.

Social Profiling and Assessment

Social profiling hacks that help CFOs and the teams hiring them assess fit more accurately. The conversation covers the benefits of upside-down reviews — and why not having a recommendation can sometimes be the smartest move in a hiring process.

Getting a CFO Role at a PE-Backed Company

The best way to position for and land a CFO role in a PE-backed company — and how to negotiate equity packages once you're in the process. The equity conversation is one where most CFO candidates leave significant value on the table.

Listen to the Full EpisodeRun the Numbers Podcast — Apple Podcasts

Scott Engler on LinkedIn: linkedin.com/in/scottengler
Sync Executive Partners: syncexecutivepartners.com
PE-Xcelerate: pexcelerate.com
CFOPodcastMediaPrivate EquityPE-Xcelerate

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GovCon Fractional CFO → Interim CFO Services → CFO Deployment Models → GovCon CFO Diagnostic →

Frequently asked questions

How do you match a CFO to the right stage of a PE-backed company?

The right CFO level is determined by environmental complexity, not revenue. Score ten domains — organizational complexity, capital events pipeline, stakeholder intensity, forecast risk, finance maturity, systems and controls, data quality, team depth, cross-functional leadership, and compliance — against behavioral anchors. The weighted total determines the level: Controller, VP Finance, SVP Finance, or CFO. Engagement type — permanent, fractional, interim, or advisory — is a separate axis.

When should a PE-backed company deploy a fractional CFO instead of hiring permanently?

A fractional CFO is right when the need is real but not full-time, or when a specific capital event needs senior judgment scoped to that work. A company with a signed LOI closing in 60 days should not wait 90 to 120 days for a permanent search. A fractional CFO engaged for the transaction delivers the right expertise at the right moment without the full-time overhead.