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CFO Chief Financial Officer

Confidential Marquette, MI

  • Expired: over a month ago. Applications are no longer accepted.
Job Description

Growing industrial manufacturer is looking for an experienced CFO. This person can work remote several days a week and go into the Michigan location three times a week. Company will pay for hotel/travel expenses if the person is not local or does not want to relocate.

Requirements:

Must be a CFO for a private equity backed manufacturer and must have had experience going through the sale process.

The CFO position is accountable for the administrative, financial, and risk management operations of the company. This will include overseeing and improving the Company’s current financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

Principal accountabilities are:

Planning

1. Assist in formulating the company's future direction and supporting tactical initiatives;

2. Monitor and direct the implementation of strategic business plans;

3. Develop financial and tax strategies;

4. Manage the annual budgeting processes including monthly updates throughout each year, measuring variances and identifying potential areas of concern or opportunity;

5. Develop performance measures that support the company's strategic direction.

Operations and Analysis

1. Develop comprehensive pricing and costing analyses to allow management to efficiently identify areas for profit enhancement via cost reductions and pricing improvements;

· Emphasis on manufacturing overhead absorption;

· Analysis of appropriate overhead hourly rates for costing and pricing purposes.

2. Prepare analyses for all capital request decisions showing return on investment timeframe and magnitude;

3. Participate in key decisions as a member of the executive management team;

4. Manage the accounting, human resources, shareholder reporting, legal, tax, and treasury departments;

5. Manage any third parties to which functions have been outsourced (including all vendors);

6. Oversee the company's transaction processing systems;

7. Assist management in identifying opportunities to improve cash flow via inventory management, vendor terms and overall profit enhancement;

8. Implement operational best practices;

9. Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package.

Financial Information

1. Oversee the issuance of financial information;

2. Report monthly financial results to the board of directors.

Risk Management

1. Understand and mitigate key elements of the company's risk profile;

2. Monitor all open legal issues involving the company, and legal issues affecting the industry;

3. Construct and monitor reliable control systems;

4. Maintain appropriate insurance coverage;

5. Ensure that the company complies with all legal and regulatory requirements;

6. Ensure that record keeping meets the requirements of auditors and government agencies;

7. Report risk issues to the audit committee of the board of directors;

8. Maintain relations with external auditors and investigate their findings and recommendations.

Funding

1. Monitor cash balances and cash forecasts;

2. Arrange for debt financing as needed.

Company Description
industrial products distributor

Confidential

industrial manufacturer

Address

Marquette, MI
USA

Industry

Finance and Insurance

View all jobs at Confidential