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Cobalt is delighted to announce the return of James Wakefield as Executive Chair, effective 1 December.

Cobalt Appoints James Wakefield as Executive Chair

what-really-is-finance-transformation-how-can-you-leverage-it-effectively-183

Cobalt Recruitment’s US Managing Director, Nick Louca, was recently joined by renowned finance transformation specialist, Jasmine Ahmed, for a wide-ranging interview on finance and business transformation, its best uses and potential pitfalls, and the key ingredients to make transformation effective within an organization.Placed by Nick 11 years ago at Dentsu, Jasmine’s distinguished track record has seen her work closely with CFOs and other business leads at PwC, Pfizer, Coca-Cola, and other global names across sectors on their finance transformation journeys. See what her experience has taught her about finance transformation below.What actually IS Finance Transformation?As Nick says, the term ‘finance transformation’ takes on a different guise, depending on the CFO and sector you’re speaking to.You may already be in a phase of finance transformation without knowing it, according to Jasmine. If you’re in a role and department that’s centered on optimizing people, processes, technology and data, and how the finance function – and overall business – is using them, you’re probably somewhere on your finance transformation journey already.It’s not just about new tech or offshoring; it’s about reimagining how the finance function creates value in a changing business environment and asking, “What do I need to look like as a function to deliver value in the future?”.Technology and AI’s roles in transformationThese are often the first things that come to mind when people think of ‘transformation’. While generative AI (GenAI) presents a fantastic opportunity to enhance a business, and is ‘the pathway for non-technical people to start implementing technology into their processes’, Jasmine cautions organizations to get the basics right first, with 2 core messages:Without strong data hygiene, governance, and foundational systems, GenAI can't scale effectively.Leaders must not view GenAI as a plug-and-play solution, but rather as part of a broader transformation journey.Conclusion: True transformation doesn't start with tools; it starts with vision and the right foundation from a company’s leadership. This was something Jasmine saw as particularly strong at Dentsu, and at Pfizer, this culture allowed the transformation of the department to happen organically.    Offshoring: Looking beyond cost-cuttingOffshoring is often misunderstood as just a cost-cutting tactic when it comes to business and finance transformation. Jasmine is all for reframing it as a value-creation resource instead.Her argument is that cost-cutting will only get you so far – and that, before embarking on an offshoring strategy, looking at how it's going to help you on your trajectory to:Unburden teams so they can focus on strategic objectivesAccelerate your innovation agendaUtilize GenAI more in your processes…is where you’ll see true value from it. WHO can help realize your transformation?We’ve talked about offshoring, but before that, according to Jasmine, it’s important to take a WHOLE look at your finance and other teams that’ll be involved in the transformation.By looking at your organizational design and internal talent pool, you can spot gaps – including those areas where those from other backgrounds may be able to offer the greatest assistance. i.e. the potential employee who may not have been a Financial Controller in your industry before, but who does have a solid understanding of accounting, business processes AND, importantly, the combination of creative and analytical capabilities that can help bring your transformation strategy to life. Solving problems differently to others who stick with the status quo, might give you the competitive advantage.  For more advice on finance and business transformation from Jasmine’s heralded career, for her ‘one thing that people aren’t talking about’ when it comes to transformation, or her ‘biggest piece of advice for CFOs embarking on a transformation strategy’, see the videos below or watch the full interview at the bottom of the page. Heading must be equal in lengthHeading must be equal in length   Thank you to Jasmine for her time – you can get in touch with her here, or to discuss how other organizations are developing their transformation journeys, and learn more about the talent they’re hiring to make it possible, get in touch with Nick Louca here.

What really is finance transformation, and how can you leverage it effectively?

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See our success story in hiring an SVP, Capital Strategies, for non-profit affordable housing and community revitalization finance company, CPC.

Success Story - Community Preservation Corporation

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With bonus season in most organizations now behind us, is your business ready for what happens next?

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A core area of the Cobalt business since 2001, our finance &amp; accounting recruitment has grown from beginnings in real estate to working with SMEs, start-ups and Fortune 500 businesses in several sectors across the US.

The Real Estate team has an extensive and successful 23-year history of recruiting for the global real estate and development sectors.

The people to build and develop the US.

Working closely with specialist and multidisciplinary engineering firms, housing developers, property agents, and architectural practices, we find talented, highly-skilled individuals to fill permanent and temporary positions. We have the contacts, experience and resources to help you get to your goals faster.

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<h5>&nbsp;</h5><h5>We're specialist recruiters, recruiting specialists in our specific fields of expertise - meaning we&rsquo;re connected to the biggest opportunities with the best businesses in these specialist fields. Our 24+ years of experience helps us understand what makes one organisation or role the right fit for you and your career aspirations over another.</h5><h5>Whether you&rsquo;re looking for finance and accounting vacancies in New York, real estate jobs in Florida or construction opportunities in Texas, find your next role across the US below.</h5><h5> <a href="/cm/team" title="talk toa recruiter">Talk to a recruiter&nbsp;</a> &nbsp; &nbsp;|&nbsp; &nbsp; &nbsp;<a href="/cm/submit-cv" title="Resume drop">Resume drop&nbsp;</a></h5>

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The Cobalt Group is a multi-brand recruitment company, primarily specialising in the built environment.&nbsp;<h3>Cobalt Recruitment</h3>Where it all began. As our flagship business, Cobalt has continued to specialise and further develop its reputation across these same core sectors that we originally started within &ndash; real estate, construction, and finance recruitment, partnering with local clients across the world to become the trusted partner of choice from its 11 offices across the UK, Germany, and the US.&nbsp;<h3>Comanos</h3>Renewables recruitment specialists.&nbsp;<a href="https://comanos.de/en/" target="_blank" rel="noopener">Comanos</a> is The Cobalt Group&rsquo;s newest arm in mainland Europe and the UK, specialises in providing permanent and interim recruitment solutions to the renewable energy sector. Comanos was founded due to the demand of our real asset clients transitioning into the renewable energy space. Comanos&rsquo; expertise encompasses a range of roles, including M&amp;A and Corporate Finance to Project Development, Construction, Asset Management, and Operations &amp; Maintenance. The team are dedicated to connecting industry leaders with the best and brightest talent in the solar, offshore, onshore and offshore wind, battery storage, and hydrogen energy sectors, ensuring the continued growth and innovation of renewable energy.

Our philosophy is simple: build recruitment solutions that meet our clients&rsquo; needs.Solutions tailored to your specific requirements, with flexibility in mind. We support you to hire and retain the best talent, and scale up or down when you need us to. We build strong partnerships to act as an extension of our clients&rsquo; businesses, creating seamless, inclusive processes across the recruitment cycle.Whether this is for a one-off recruitment need for that critical, immediate hire, or in the development of a wider employee attraction program for multiple permanent or interim hires, we can support your wide range of recruitment needs to help you get to your goals faster.&nbsp;&nbsp;&nbsp;<h2>How we can recruit for you</h2><h3>Exclusive recruitment</h3>Our most popular way of working with the sectors. Our exclusivity model allows us to source candidates from a wide talent pool &ndash; including a dedicated, deep search for those passive candidates not actively looking for a new role at the time. This method has an incredibly high success rate and comes at a low cost that is only paid on the successful placement of the right candidate with you.&nbsp;<h3>Retained recruitment</h3>Our retained model, which includes a minimal upfront engagement fee, and has near 100% fill rate, anfd allows us to think outside the box for you. Working with you to identify the most suitable candidates for your positions, this includes direct and discrete approaches to these high-potential candidates. This more consultative approach provides a market overview and enhances the diversity of your candidate pool.&nbsp;<h3>Contingent recruitment</h3>Our contingent approach supports you when you need it most, when you have a vacancy to fill now. This method can be deployed quickly, and you will only pay if we are successful in placing the right candidate with you.&nbsp;<h3>A recruitment partnership</h3>Through a Partnership agreement, we can create a customised package that suits your requirements. This model allows us to work as a true partner with your organization when you have multiple vacancies, whether they&rsquo;re across your whole business, a single department, or various locations. This is a cost-effective recruitment method that includes everything above plus more. Your dedicated, specialist Cobalt team will not only find the best possible candidates for your vacancies but also partner with you throughout the full recruitment lifecycle with our offering of consultative services below.&nbsp;<h2>Our Consultancy Services</h2>Our 23+ years of working with the sectors has given us real insight into what clients want to know when they&rsquo;re trying to attract employees, and what candidates want to see. We use this knowledge to offer our clients more than &lsquo;just&rsquo; recruitment services. We&rsquo;re proud to be an extension of their talent attraction strategy encompassing everything from research through to market mapping and branding, so to be able to help our clients stand out to the best talent in a competitive market. Contact us via&nbsp;<a href="mailto:us@cobaltrecruitment.com">us@cobaltrecruitment.com</a>&nbsp;to find out more, or speak to your Cobalt Consultant.&nbsp;

See why we're the most trusted recruitment partner to the clients we service.

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<h3>We&rsquo;re a team of specialists, each focused on a specific, key part of the built environment. It&rsquo;s just one of the reasons we stand out from the crowd.</h3>

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Please read these terms of use carefully before you start to use the site. By using our site, you indicate that you accept these terms of use and that you agree to abide by them. If you do not agree to these terms of use, please refrain from using our site.These Terms refer to the use of our website and are, in addition to, not a substitution for, our standard commercial Terms of Business. For hiring clients, we will provide our commercial Terms of Business when their first hiring requirements are discussed. For Interim candidates, we will provide the appropriate contract of engagement at the point of securing an interim role. For all other candidates, registration forms will be provided as appropriate during the recruitment process and your attention is drawn to the relevant Privacy Notices and Cookie policies.Information about uswww.cobaltrecruitment.net is operated by Cobalt Consulting, Inc. is a Corporation registered in Delaware, US. DOS ID: 5687313. Office: 21 W. 46th Street, Suite 905, New York, 10036, USAAccessing our siteAccess to our site is permitted on a temporary basis, and we reserve the right to withdraw or amend the service we provide on our site without notice (see below). We will not be liable if for any reason our site is unavailable at any time or for any period.Intellectual property rightsWe are the owner or the licensee of all intellectual property rights in our site and in the material published on it. Those works are protected by copyright laws and treaties around the world. All such rights are reserved.You may print off one copy, and may download extracts, of any page(s) from our site for your personal reference and you may draw the attention of others within your organization to material posted on our site.You must not modify the paper or digital copies of any materials you have printed off or downloaded in any way, and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text.Our status (and that of any identified contributors) as the authors of material on our site must always be acknowledged.You must not use any part of the materials on our site for commercial purposes without obtaining a license to do so from us or our licensors.If you print off, copy or download any part of our site in breach of these terms of use, your right to use our site will cease immediately and you must, at our option, return or destroy any copies of the materials you have made.Our site changes regularlyWe aim to update our site regularly and may change the content at any time. If the need arises, we may suspend access to our site, or close it indefinitely. Any of the material on our site may be out of date at any given time, and we are under no obligation to update such material.Our liabilityThe material displayed on our site is provided without any guarantees, conditions or warranties as to its accuracy. To the extent permitted by law, we, and third parties connected to us hereby expressly exclude:<ul><li>All conditions, warranties and other terms which might otherwise be implied by statute, common law or the law of equity.</li><li>Any liability for any direct, indirect or consequential loss or damage incurred by any user in connection with our site or in connection with the use, inability to use, or results of the use of our site, any websites linked to it and any materials posted on it, including, without limitation any liability for:</li><ul><li>Loss of income or revenue;</li><li>Loss of business;</li><li>Loss of profits or contracts;</li><li>Loss of anticipated savings;</li><li>Loss of data;</li><li>Loss of goodwill;</li><li>Wasted management or office time; and</li><li>For any other loss or damage of any kind, however arising and whether caused by tort (including negligence), breach of contract or otherwise, even if foreseeable, provided that this condition shall not prevent claims for loss of or damage to your tangible property or any other claims for direct financial loss that are not excluded by any of the categories set out above.</li></ul></ul>This does not affect our liability for death or personal injury arising from our negligence, nor our liability for fraudulent misrepresentation or misrepresentation as to a fundamental matter, nor any other liability which cannot be excluded or limited under applicable law.Information about you and your visits to our siteWe process information about you in accordance with our&nbsp;<a href="/cm/privacy">Privacy Policy</a>. By using our site, you consent to such processing and you warrant that all data provided by you is accurate.Viruses, hacking and other offencesYou must not misuse our site by knowingly introducing viruses, trojans, worms, logic bombs or other material which is malicious or technologically harmful. You must not attempt to gain unauthorized access to our site, the server on which our site is stored or any server, computer or database connected to our site. You must not attack our site via a denial-of-service attack or a distributed denial-of-service attack.By breaching this provision, you would commit a criminal offense under the Computer Misuse Act 1990. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use our site will cease immediately.We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our site or to your downloading of any material posted on it, or on any website linked to it.Links from our siteWhere our site contains links to other sites and resources provided by third parties, these links are provided for your information only. We have no control over the contents of those sites or resources and accept no responsibility for them or for any loss or damage that may arise from your use of them. When accessing a site via our website we advise you check their terms of use and privacy policies to ensure compliance and determine how they may use your information.AccessibilityCobalt are fully committed to ensuring our websites are accessible and easy to use for all users, including people with disabilities. We regularly review our websites and aim to continually improve the user experience for everyone and how we apply the relevant accessibility standards, based on the guidelines provided by the W3C Accessibility Initiative.FeedbackDeveloping the accessibility of our websites is an ongoing process, and we welcome your feedback. Please let us know if you encounter any accessibility barriers or user experience issues:Phone:&nbsp;+1 (646) 969 9780E-mail:&nbsp;us@cobaltrecruitment.comPostal address:&nbsp;21 W. 46th Street, Suite 905, New York, 10036Jurisdiction and applicable lawThe English courts will have non-exclusive jurisdiction over any claim arising from, or related to, a visit to our site.These terms of use and any dispute or claim arising out of or in connection with them or their subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the law of England and Wales.VariationsWe may revise these terms of use at any time by amending this page. You are expected to check this page from time to time to take notice of any changes we made, as they are binding on you. Some of the provisions contained in these terms of use may also be superseded by provisions or notices published elsewhere on our site.Your concernsIf you have any concerns about material that appears on our site, please contact&nbsp;<a href="https://us@cobaltrecruitment.com/">us@cobaltrecruitment.com</a>

It’s not what you know, it’s who you know". Or so the saying goes - but that's certainly true in our business!

Referrals

<h2 align="start">It&rsquo;s not what you know, it&rsquo;s who you know".&nbsp;Or so the saying goes - but that's certainly true in our business! If we're assisting you in your job search, chances are that's built on 23+ years of us knowing the right people in the right places.</h2>We're rightly proud of our extensive network - but we know we can't do it without great candidates referring us to other great candidates.So if you know anyone working in the accounting &amp; finance, real estate, construction and development, or renewables spaces, who would benefit from our help in their job search &ndash; why not pass on our details?And to say thank you, we'll give you $500 worth of vouchers for those we successfully place.&nbsp;<h2 align="start">​Ready to refer someone?</h2>Send them through to us at <a href="mailto:us@cobaltrecruitment.com" title="us@cobaltrecruitment.com">us@cobaltrecruitment.com.</a>Or, ask them to submit their details directly with us - simply remind them to tell us your name when they <a href="/cm/submit-cv" title="register here">register here</a>.Remember, you can make unlimited referrals - we just ask that they are not already registered with us.

As part of our Equal Opportunities Policy and Procedure, Cobalt strives to understand all potential modern slavery risks related to the business.

Modern Slavery Act Statement

<h3>Current Modern Slavery Act 2015 Statement</h3><div class="wysiwyg">As part of our Equal Opportunities Policy and Procedure, Cobalt strives to understand all potential modern slavery risks related to the business.Cobalt recognises that it has a responsibility to take a robust approach to slavery and human trafficking and is absolutely committed to preventing slavery and human trafficking in its corporate activities, and to ensure that its supply chains are free from slavery and human trafficking.New Modern Slavery Act 2015 Statement for 2020Organisational Structure<ol><li>The organisational structure of Cobalt Recruitment (referred to as &ldquo;The Company&rdquo;) comprises of offices in five (5) different countries.</li><li>Cobalt Recruitment is controlled by a Board of Directors. Cobalt Recruitment&rsquo;s Head Office is located in London, with other UK offices located in London and Manchester. It also has offices overseas in Germany and USA.</li><li>Cobalt Recruitment is predominately a leading specialist recruitment provider to the Property, Construction &amp; Engineering and Financial Services &amp; Accounting sectors. We recruit professionals from our offices in the UK, Europe, and America for clients ranging from large corporate organisations to niche entrepreneurial entities, as well as into the public sector. business and legal services to other businesses in both telephone, email and face to face consultancy formats. It offers a 24-hour advisory service for which demand is consistent throughout the year.</li></ol>DefinitionsCobalt Recruitment considers that modern slavery encompasses:<ol><li>Human trafficking&ndash; involves transporting, recruiting or harbouring people for the purpose of exploitation, using violence, threats or coercion.</li><li>Debt bondage or bonded labour &ndash; the world&rsquo;s most widespread form of slavery, when people borrow money they cannot repay and are required to work to pay off the debt, then losing control over the conditions of both their employment and the debt.</li><li>Descent-based slavery &ndash; where people are born into slavery because their ancestors were captured and enslaved; they remain in slavery by descent.</li><li>Child slavery &ndash; many people often confuse child slavery with child labour, but it is much worse. Whilst child labour is harmful for children and hinders their education and development, child slavery occurs when a child is exploited for someone else&rsquo;s gain. It can include child trafficking, child soldiers, child marriage and child domestic slavery.</li><li>Forced labour, through mental or physical threat, against their will</li><li>Being owned or controlled by an employer through mental or physical abuse or the threat of abuse;</li><li>Being dehumanised, treated as a commodity or being bought or sold as property;</li><li>Being physically constrained or to have restriction placed on freedom of movement.</li><li>Forced and early marriage &ndash; when someone is married against their will and cannot leave the marriage. Most child marriages can be considered slavery.</li></ol>Commitment<ol><li>Cobalt Recruitment acknowledges its responsibilities under the Modern Slavery Act 2015 and is committed to preventing slavery and human trafficking within its own businesses and in its supply chains. Cobalt Recruitment understands that this requires an ongoing review of both its internal practices in relation to its labour force and its supply chains.</li><li>The labour supplied to Cobalt Recruitment in pursuance of the services it provides is carried out wholly in the countries where those services are provided i.e. United Kingdom, Germany and USA as appropriate.</li><li>Cobalt Recruitment has a zero tolerance policy towards modern slavery. It will refrain from entering into business, and/or will discontinue any current business with any other organisation which knowingly supports or is found to involve itself in servitude, slavery, and forced or compulsory labour.</li><li>No labour provided to Cobalt Recruitment in the pursuance of the provision of its own services is obtained by means of slavery or human trafficking. Cobalt Recruitment strictly adheres to the minimum standards required in relation to its responsibilities under relevant employment legislation in the United Kingdom, Germany and USA as appropriate, and in many cases exceeds those minimums in relation to its employees.</li><li>Cobalt Recruitment offers employment contracts on a guaranteed hours basis only; no offers of employment are made on a zero hours basis.</li><li>Part-time and fixed-term employees within Cobalt Recruitment are provided with the same pro-rata contractual entitlements as full-time and permanent employees. If these are not offered, Cobalt Recruitment is able to rely on objectively justifiable grounds.</li><li>Group employees are offered a competitive remuneration package and Cobalt Recruitment prides itself on the additional benefits it is able to offer its employees on a wide variety of platforms. It conducts staff surveys on an anonymous basis to give employees a voice on their individual employment, their department and Cobalt Recruitment company as appropriate. Commitment to creating career progression in a supportive environment has been rewarded by being ranked in the top 100 of the Sunday Times Best 100 Companies to Work for in 2015 and 2016.</li></ol>Potential Coverage and Steps<ol><li>Cobalt Recruitment considers its coverage to modern slavery to be limited. Nonetheless, it has taken steps to ensure that such practices do not take place in its business nor the business of any organisation that supplies goods and/or services to it.</li><li>Cobalt Recruitment carries out due diligence processes in relation to ensuring slavery and/or human trafficking does not take place in its supply chains.</li><li>Cobalt Recruitment has not, to its knowledge, conducted any business with another organisation which has been found to have involved itself with slavery and/or human trafficking.</li><li>Cobalt Recruitment encourages use of its Whistleblowing Policy to report any concerns regarding modern slavery and will investigate any complaints thoroughly.</li><li>To ensure effectiveness in combatting modern slavery, Cobalt Recruitment maintains an accurate supplier list including contact details. It will ensure action is taken in response to reports of modern slavery in its supply chains and any complaints made via the Whistleblowing Policy will be responded to in accordance with the policy.</li><li>Following a review undertaken for Cobalt Recruitment&rsquo;s statement of the previous financial year, Cobalt Recruitment confirms its supplier list is up to date for the current financial year.</li><li>As in the previous financial year, there have been no reports that any of Cobalt Recruitment&rsquo;s suppliers have been involved in activities covered by the Modern Slavery Act.</li></ol>Training<ol><li>Upon commencement of employment, all employees undergo a structured onboarding process. All employees are made aware of Cobalt Recruitment policies relating to standards of behaviour that it requires from them. Cobalt Recruitment also provides training on awareness of modern slavery to those within Cobalt Recruitment who have been identified as having responsibilities in this regard, namely those involved in finance and procurement. Cobalt Recruitment ensures that annual update training is provided.</li></ol>PolicyA Whistleblowing Policy is in place which encourages the reporting of any wrongdoing which is in the public interest.Data Protection and Compliance OfficerCobalt Recruitment has a Group Data Protection &amp; Compliance Officer, to whom all concerns regarding modern slavery should be addressed. Cobalt Recruitment Data Protection &amp; Compliance Officer undertakes an annual review of Cobalt Recruitment&rsquo;s obligations towards eradicating modern slavery within its organisation and supply chains.ReviewThis statement is made in pursuance of Section 54(1) of the Modern Slavery Act 2010 and applies to all companies within and associated to Cobalt Recruitment. It is reviewed for each financial year.This statement relates to the 2023/2024 financial year and was approved by:Jonathan Page, Group Finance DirectorOn 2nd January, 2025.</div>

I am one of the rare people that fell into recruitment immediately after graduating from college in 2004. Since then, I have never looked back and have successfully recruited a number of key professionals and run high performing teams across various industry sectors in vastly competitive markets in the US, UK &amp; Australia.I oversee the US branch for Cobalt and we focus on finding top-tier talent across the Construction &amp; Development, Real Estate, Property Management and Finance &amp; Accounting verticals. We are incredibly authentic and pride ourselves on building long-term relationships rather than being solely focused on the quick win.Believe it or not, after 20 years in recruitment I still get a massive kick out of not only making placements for my clients, but also seeing my team members do the same. There is nothing more gratifying than solving a critical business need, while at the same time watching your team flourish and build their own success too.Outside of work, my wife and I really like to travel whenever possible. This being said, it has become increasingly difficult with young toddlers at home, but we are making it our mission to ensure he is the most well traveled person for his age in NYC.

Nick Louca

Team Member

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Insights by Nick Louca

Cobalt Appoints James Wakefield as Executive Chair

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