As a member of the Senior Leadership Team, the CFO will be the strategic business partner to the President in driving value creation.
Reporting directly to the President, the mission of the CFO is to be a highly valued business advisor to the senior leadership team. The CFO will be accountable for maintaining accurate, relevant, and timely financial reports and records, as well as managing all aspects of the financial process. The CFO will direct multi-location accounting teams to ensure the effective and efficient utilization of the materials, human capital, and asset base of the company, while maintaining appropriate internal controls to guarantee compliance with generally accepted accounting principles while safeguarding company assets.
Roles & Responsibilities:
- Financial management; financial reporting, budgeting, audit, tax, legal, working capital optimization, treasury/cash and risk management.
- The use of existing processes and systems, but when necessary develop and establish new processes and/or systems as business needs require.
- Included with classic finance and accounting functions, also critical will be a strong operational orientation. The CFO will support the President and other senior leaders, focused on improving the performance of the overall business.
- The CFO will also be expected to work hand in hand with operations leadership to refine the company’s performance metrics and drive continuous improvement in operational efficiency.
- The CFO will be responsible for navigating the company’s complex international businesses.
- Responsible for exchange rate exposures and compliance outside of the U.S. with applicable laws and regulations.
- Responsible for leading by example with strong teamwork within the company’s senior leadership team. Accordingly, the CFO must be able to make his or her case in a strong, fact-based way, but also collaborate effectively with other senior team members.
- The CFO will also bring best practices in finance and operational management from his/her previous positions, and effectively introduce them to the organization as appropriate.
Fluency in Managing Lender Relationships:
- The CFO will be responsible for forecasting the intermediate-term liquidity needs and long-term capital requirements of the company and developing strategies that ensure those needs are met while judiciously tracking the company’s financial performance relative to the terms of financing agreements in place.
- The CFO will also work closely with all lender relation matters and assist in working directly with banks, investors, and advisors to provide adequate, cost-effective capital solutions to meet the company’s and needs.
Mergers & Acquisitions:
- The CFO will work closely with the company’s advisors and outside professionals in evaluating and executing potential merger and acquisition activities.
- The CFO will be responsible for supporting the deal evaluation and due diligence process as well as post close integration, and ultimate exit.
Private Equity Portfolio:
- Responsible for maintaining relations with private equity shareholders and other institutional capital stakeholders, including financial institutions.
Required Skills & Experience:
- Work history to include a minimum of 15 years relevant experience and a four-year undergraduate degree in Accounting or Finance, as well as a CPA. While an MBA is not required for this position, it will be a strong differentiation.
- Manufacturing industry experience to include cost accounting and standards allocation.
- Strong experience in a manufacturing business, possessing a similar business model, with organizations ranging in size of approximately $100 – 300 million in annual revenue. This work history can be combined with experience in a larger organization.
- Whether gained in a private equity setting or otherwise, the CFO must possess a private equity mindset, managing the business to the expectations of owners and outside stakeholders.
The CFO must present a strong executive presence, inspiring confidence from colleagues and the Board of Directors, and engendering respect in the community because of professional experiences and abilities. The person in this role must view themselves and function as a true business partner with the President and senior leadership team.
The CFO will be results driven, striving for continuous improvement, setting high performance expectations, and holding others accountable for the expected results. They will follow through on others’ expectations. They will display the courage to come forward with problems, proactively bringing solutions to those problems. The CFO will be a hands-on leader, truly leading by example.
The CFO must possess a winning attitude, demonstrated by a can-do approach, instilling in the senior leadership team a passion for winning. Resilient, persistent, high energy and with a commitment to achieving goals. Superior intellect coupled with a dynamic personality that quickly gains professional respect. The CFO will act with a sense of urgency that transcends the comfort zone of others and be willing to embrace change needed to adapt to new circumstances.
The CFO must possess strong communication skills, both written and verbal, cultivating a collaborative, no surprises relationship with the senior leadership team. They will uphold the highest standards of honesty, integrity, and ethics.