Chief Financial Officer

Chief Financial Officer

• The Company is a dynamic, rapidly growing international manufacturer and distributor of components for the automotive marketplace.
• We are seeking a forward-thinking individual who will be a key business partner to the CEO and leadership team to drive financial performance of the corporation in accordance with our strategic plan.
• Be integral to the development of the strategic plan
• Lead financial evaluation for new product development (NPD), acquisitions, capital expenditures, investments, real estate and insurance
• Act as strategic business partner to Divisional, Regional and Functional leadership teams providing insight and recommendations on both short-term and long-term growth plans of organization
• Provide accounting integrity and financial controls to support achieving revenue, profit, and ROA goals
• Financial Planning and Analysis including yearly budgeting, reporting and forecasting
• Oversee cash, foreign currency hedging program, investments and asset management
• Explore new investment opportunities and provide recommendations on potential returns and risks
• Maintain strong banking relationships and strategic alliances with vendors, auditors and business partners
• Mentor and develop accounting/finance team managing work allocation, training, performance evaluations, and the building of an effective and efficient team dynamic
• Be an integral part of the companies M&A activity which may include ?providing financial analysis of potential acquisition targets
• lead negotiator on acquisition targets working with Divisional/Regional leaders
• leading due diligence or integration process
• Manage cash flow, recognizing the need to increase scrutiny as necessary. Assume check signing and account management privileges as necessary.
• Prepare monthly financial statements; reconcile all Balance Sheet accounts to sub-ledgers, prepare and enter journal entries, calculate WIP, Inventory value, compare to budget and analyze variances in a standard cost environment.
• Maintain banking and business insurance relationships. Provide annual budget and timely monthly results.
• Lead budgeting efforts. Prepare annual budget, report results, variances and corrective actions to assure budgeted goals are achieved.
• Prepare for and manage annual audit.
• Responsible for federal and state tax issues, tax estimates, sales and use tax filings, audits by federal and state authorities, and 5500’s for employee benefit plans.
• Perform credit and collection function and maintain DSO.
• Assure the stability, security and use of the ERP system company-wide. Keep software releases up-to-date and identify opportunities/lead efforts to more fully integrate the ERP system into all facets of company operations
• Issue work orders, review capital purchase requests for management approval, maintain supporting documentation.
• Direct and administer company’s MIS, IT and telecommunications functions. Manage external service providers as required.
• Negotiate annual service contracts and coordinate with external 401 (K) and payroll service providers as required. Serve as administrator of 401K plan.
• Maintain company business insurance policies.
• Directs & controls company employees and outsourced services in financial and IT matters. The Chief Financial Officer / CFO will have a significant impact on the company’s success by maintaining a high level of financial control and analysis, developing programs to support a professional work environment to attract and retain high-caliber employees, and enhance and maintain a fully functioning IT infrastructure to support the company’s business needs.
• Financial Reporting, Planning, and Analysis ?Provide analysis, insight and advice on operational performance to the CEO, COO and Business Line Leadership for sound decision making
• Lead the annual and long-term planning, budget and financial strategy processes
• Support CEO in developing and measuring annual performance metrics
• Communicate financial performance and trends to all stakeholders
• Compliance/Risk Management ?Oversee the treasury function and cash management strategies
• Ensure compliance with all applicable federal, state, local, and client reporting and audit requirements
• Maintain effective relationships with external auditors, banks, and other third parties
• Develop and maintain systems to ensure adequate internal controls; maintain financial reporting systems and records to comply with management, government and client requirements
• Strategy and Governance ?Work closely with the CEO to provide due diligence and analysis of potential acquisitions and new business opportunities
• Administer elements of the shareholder stock purchase program and ESOP; liaison with outside vendors on annual valuation
• Work with CEO and Director of HR on financial management and oversight of employee benefit and compensation plans
• Develop and implement effective tax planning strategies
• Support CEO and Board of Directors in governance and committee participation
• Information Technology ?Partner with leadership and department heads to identify technology requirements for the business
• Actively involved in evaluation and implementation of software applications
• Ensure appropriate platform for hardware, connectivity, and collaboration tools
• Management, Staffing, and Process Improvement ?Supervise the Controller and IT Manager
• Build high performing Finance and IT teams that scale with the growth and increased complexity of the business
• Prioritize and execute strategic Finance and IT initiatives
• Implement operational best practices for Finance and IT

Qualifications:

• A bachelor’s degree in Accounting or Finance
• A minimum of 12 years of accounting and finance experience
• Experience in valuing acquisition targets and experience going through the evaluation-purchase-integration cycle
• Solid technical accounting knowledge and thorough understanding of GAAP
• Extensive knowledge and experience in financial statement preparation, consolidations, and maintaining automated financial systems
• Knowledge and expertise in multiple currencies
• Ability to travel internationally

Preferred

• International work experience
• MBA or advanced degree
• CPA/CFA
• A proven leader and manager with current/recent experience at the Controller level
• Demonstrated P&L Responsibility
• Industry Experience
• In depth knowledge of IFRS
• Directs & controls company employees and outsourced services in financial and IT matters.
• The Chief Financial Officer / CFO will have a significant impact on the company’s success by maintaining a high level of financial control and analysis, developing programs to support a professional work environment to attract and retain high-caliber employees, and enhance and maintain a fully functioning IT infrastructure to support the company’s business needs.
• This is a “shirt sleeve” environment utilizing a staff of four employees-must be willing to perform all finance operations as needed. Reports to the President and is a key member of the senior management team.