Chief Financial Officer - Manufacturing at Myrtle Management Consultants

Job Descriptions
Strategy, Planning, and Management:

• Act as Chief Financial Officer and strategic business partner to the senior executive leadership team.
• Assess and evaluate the financial performance of the organization about long-term operational goals, budgets, and forecasts.
• Provide insight and recommendations to both short-term and long-term growth plans of the organization.
• Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.
• Communicate, engage and interact with the Board of Directors, CEO, COO, and Executive Leadership Team.
• Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
• Select and engage consultants, auditors, and investors.
• Recruit, interview and hire finance, accounting, and payroll staff as required.
• Serve as a key member of the executive leadership team and round table discussion panel.
• Participate in pivotal decisions as they relate to strategic initiatives and operational models.
• Interact with and bring the department into line with the Board of Directors’ plans, initiatives, and recommendations.
• Implement policies, procedures, and processes as deemed appropriate by the senior leadership team.

Financial Analysis, Budgeting, and Forecasting:

• Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
• Review and analyze monthly financial results and provide recommendations.
• Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
• Develop and maintain the monthly operating budget and annual company operating budget.
• Manage the financial planning and analysis department. Supervise the creation of reports, software implementation, and tools for budgeting and forecasting.
• Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team.
• Accounting, General Ledger, Administration and Operations:
• Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
• Review and ensure the application of appropriate internal controls, compliance, and financial procedures.
• Ensure timeliness and accuracy of financial and management reporting data for federal funders, foundations, investors and the company’s board of directors.
• Oversee the preparation and communication of weekly, monthly and annual financial statements.
• Oversee the preparation and timely filing of all local, state and federal tax returns.
• Ensure compliance regarding all financial functions.
• Work with Human Resources to ensure appropriate legal compliance.
• Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
• Oversee preparation of monthly, quarterly and annual financial statements.
• Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
• Enhance and implement financial and accounting systems, processes, tools and control systems
• Hire, develop and manage accounting directors, managers and staff
• Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
• Coordinate and strategize methods used to attain team goals with Chief Accounting Officer and Regional Controllers.

Financial Management:

• Manage the cash flow planning process and ensure funds availability.
• Oversee cash, investments, and asset management area.
• Explore new investment opportunities and provide recommendations on potential returns and risks.
• Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
• Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.

Financial Relations and Policies:

• Engage finance committee and / or board of directors to develop short term and long term plans, projections and budgets.
• Represent the company to banks, financial partners, institutions, investors, public auditors, and officials.
• Remain current on audit best practices as well as state, federal and local laws regarding company operations.

Finance and Accounting Team Management:

• Mentor and develop a team of 10 senior managers and/or directors, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.
• Guide larger, cross-divisional teams outside of direct span of control within the three main company divisions.

Cash Management:

• Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs
• Supervise Accounts Receivable management and provide guidance relating to the collection process

Qualifications and Experience

• Bachelor’s Degree in Accounting or Finance and MBA is required
• CPA Required
• In-depth experience in the manufacturing industry is very critical
• Background in Big 4 Public Accounting
• 6 years minimum experience as a CFO in a large ($500 million+), publicly traded corporation.
• 14+ years of total accounting or finance experience
• Outstanding knowledge and understanding of GAAP, IFRS, SOX compliance and SEC reporting.
• Background coordinating with I.T. staff to manage and/or upgrade the accounting system. Systems implementation experience strongly preferred.
• “Hands-On” ERP Systems Experience – SAP, JD Edwards or PeopleSoft experience preferred
• Outstanding communication and presentation skills.
• Demonstrated leadership ability, confidence, and executive presence – ability to motivate staff.
• Excellent analytical, reasoning and problem-solving skills
• Significant experience working with external auditors, internal controls and compliance-related issues.
• Strong systems, process, and best practices experience.
• Well organized and self-directed.

Required Skills:

• Financial planning and strategy
• Managing profitability
• Strategic planning and vision
• Quality management
• Promotion of process improvement
• Forecasting
• Corporate finance
• Budget development