Chief Financial Officer (CFO)
Western, NY
JK Executive Strategies has been retained to identify a new CFO to be a senior member of the executive management team of a well-respected manufacturing firm in the Western, NY area. The qualified candidate must possess a proven track record with extensive experience as a manufacturing finance leader, preferably within the consumer goods category.
The CFO will report to the President/CEO and will be responsible for all financial leadership, treasury, accounting, legal, and information technology functions. The successful candidate will be a strategic individual who can also balance hands-on duties and forge strong internal and external partnerships to help drive an already growth-oriented culture.
Responsibilities:
- Directing all aspects of accounting operations, overseeing all transactions related to general ledger, receivables, payables, payroll, and monthly/quarterly/annual financial reporting.
- Providing strategic guidance around capital financing options to support company growth needs.
- Analyzing the company's financial results with respect to profits, trends, costs, and compliance with and development of budgets/forecasts. Issue regular status and ad-hoc reports to senior management and the Board of Directors. Work with other team members to understand revenue and cost drivers and define appropriate reports for tracking.
- Managing cash flow at a detailed level, including coordination with lending institutions on the borrowing base underlying the line of credit.
- Leading banking relations, including day-to-day operating activities, as well as credit and loan activities and reporting requirements.
- Developing and maintaining all necessary accounting policies and systems, including general ledger and financial reporting. Ensuring that records are maintained in accordance with generally accepted accounting principles. Oversee contract bookkeeper.
- Coordination of all legal activities with attorneys including litigation and intellectual property matters.
- Managing relationships with insurance brokers/providers, including coordination of annual policy renewals and any claims thereto, and ensuring compliance.
- Coordination of corporate consolidation in accordance with US GAAP on a monthly, quarterly, and annual basis, including annual audit by outside CPA firm.
- Joint management with an outside CPA firm of all tax planning and compliance with all required federal, state, local, payroll, property, and other applicable taxes.
- Interacting with the Board of Directors at regular meetings, and on an ad-hoc basis regarding projects or any questions that may arise.
- Other finance and administrative duties as required.
Requirements:
- Bachelor s degree in Accounting, Finance or Business required. CPA/CMA and/or MBA preferred.
- Substantial and successful leadership experience (at least 10 years) in finance, accounting, and information technology in a manufacturing company environment.
- Substantive experience in the standard cost accounting function, including allocation of corporate and multi-plant overhead costs in establishing machine level and product standard costs.
- Substantive experience in general ledger and financial accounting as well as functions of accounts receivable, credit and collections, accounts payable, sales operations and customer invoicing, and financial reporting.
- Recent experience scaling a multi-location manufacturing operation, including international considerations, with at least $150 million in annual revenues.
- Experience in information technology management including networking concepts in a virtual technology, multi-plant environment, file backups, and disaster recovery plans. In addition, must be proficient in managing and driving efficiencies through ERP systems.
- Experience in M&A activities including due diligence activities, purchase negotiations, and bank financing.
- Strong organizational skills, attention to detail, ability to prioritize, and meet deadlines.
- Ability to multi-task in a fast-paced hands-on environment with fluctuating priorities and deadlines.
- Ability to work without direct supervision, and efficiently manage tasks and time.
Salary Range:
$230K to $265K annually + variable compensation
JK Executive Strategies is an Equal Opportunity Employer. It is the policy of JK Executive Strategies to provide equal opportunity in employment and conditions of employment to all individuals regardless of age, race, color, religious beliefs, national origin, sexual orientation, gender identity, sex, veteran or military status, disability, pregnancy-related condition, predisposing genetic characteristics, genetic information, marital status, familial status, prior arrest, domestic violence victim status, non-job related convictions, participation in lawful activities outside of our workplace, or any other status protected by law.