Group Chief Financial Officer - Manufacturing Firm

Group CFO

Job Purpose:

- This position will be responsible for taking on a leadership role in financial decision-making and will provide strategic financial input to senior management.

- While keenly overseeing the overall accounting process, the successful CFO will play a key role in developing and implementing financial procedures to improve and maintain the financial health of the organization by being a business partner with strategic & operational focus and to be catalyst for driving business transformation

Skills, Knowledge:

- In depth knowledge of corporate financial law and risk management practices

- Excellent knowledge of data analysis and forecasting methods

- Significant experience working with external auditors, internal controls and compliance-related issues.

- Ability to strategize and solve problems

- Strong leadership and organizational skills

- Outstanding communication and presentation skills.

- Demonstrated leadership ability, confidence and executive presence - ability to motivate staff.

- Excellent analytical, reasoning and problem-solving skills

- Results-oriented, strategic thinker and planner

Key Accountabilities:

Strategy, Planning and Management:

- Act as Chief Financial Officer and strategic business partner to senior executive leadership team.

- Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts.

- Provide insight and recommendations to both short-term and long-term growth plan of organization.

- Communicate, engage and interact with Board of Directors, CEO, and Executive Leadership Team.

- Create and establish yearly financial objectives that align with the company's plan for growth and expansion.

- Serve as a key member of executive leadership team.

- Participate in pivotal decisions as they relate to strategic initiatives and operational models.

- Interact with and bring department into line with Board of Directors' plans, initiatives and recommendations.

- Implement policies, procedures and processes as deemed appropriate by 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 analyse monthly financial results and provide recommendations.

- Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.

- Develop and maintain monthly operating budget and annual company operating budget.

- Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting.

Accounting, General Ledger, Administration and Operations:

- Review and ensure application of appropriate internal controls, SOX compliance and financial procedures.

- Ensure timeliness and accuracy of financial and management reporting data.

- Oversee preparation of monthly, quarterly and annual financial statements.

- Enhance and implement financial and accounting systems, processes, tools and control systems

- Hire, develop and manage accounting managers and staff

- Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.

Financial Management:

- Manage 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 to develop short term and long term plans, projections and budgets.

- Represent 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 senior managers, 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 all the entities in company.

Cash Management:

- Oversee weekly cash management and AP Department, approve large payables, sign checks.

- Supervise Accounts Receivable management and provide guidance relating to the collection process

Key Result Areas/Key Deliverables:

Finance or Business Deliverables:

- Achievement of Budgeted EBITDA;

Process Excellence:

- Review current Capital Structure and Debt adequacy levels and consider actions for raising resources for organic & Inorganic Growth

- Strengthen Internal Controls and create capability to monitor, review and strengthen on a continuous basis.

- Formalize a delegation of authority for the group

- Strengthen Balance Sheet & Cash flow reviews and plan for reduction of working capital cycles

People:

- To develop successors up to 2 levels.

- To ensure the subordinates are trained as per their training need analysis.