Chief Financial Officer is responsible for developing an organization's overall financial policies. Provides strategic direction of all financial functions including accounting, budget, credit, insurance, tax, and treasury. Being a Chief Financial Officer ensures that proper financial controls are in place and that financial transactions support the overall business strategy while conforming with applicable laws and regulations. Requires an advanced degree. Additionally, Chief Financial Officer may require the Certified Public Accountant (CPA) credential. Typically reports to chief executive officer (CEO) or chief operating officer (COO). Responsible for the development of functional or business unit strategy for the entire organization. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals. (Copyright 2024 Salary.com)
As a key member of the company’s Executive Team, the Chief Financial Officer helps steer the company’s strategy and operations. The CFO is a trusted and skilled counsel to the CEO and President in matters related to the development of the business and the organization. The CFO’s business judgment, analysis, and department resources are crucial to the short term and long-term success of the enterprise. Key contributions include analysis, projections, insights, creative solutions, and external resources for making decisions and resolving issues. The CFO reports directly to the President and dotted line report to the Corporate Services CFO.
Reporting to the CFO are administrative departments: Finance, Accounting, Credit, Inventory Control, and Purchasing.
Responsibilities:
Financial management to run the business for optimum performance.
Accounting and financial controls to protect the company and shareholders.
Cost control management to help maximize operating results.
Forecasting to allow the best possible decision making.
Risk and liability services to protect the company and shareholders.
Shareholder services and support of all Board of Directors matters as required.
Credit services to preserve customer relationships and increase profit at acceptable risk.
Services in areas such as strategic planning, legal, and acquisitions.
Supports Corporate Services CFO (dotted line report) on an as needed basis with regards to financial reporting and analysis.
Requirements
Minimum ten years’ experience in a mid-sized company, including divisional CFO responsibility or other senior financial management roles, in a distribution business preferred.
Minimum five years’ hands-on experience with P&L management (pricing, margin and expense management) and Balance Sheet / Working Capital management (accounts receivable, inventory, accounts payable and debt management).
Experience managing multiple departments and ten or more employees.
Experience in companies whose operations included warehousing and logistics with a large hourly work force.
Previous experience with an ERP implementation in a distribution business preferred.
Experience restructuring and consolidating finance and accounting teams.
Knowledge and understanding of restructuring financial processes such as general ledger integration, accounting policy standardization and financial control standardization.
Proven ability to manage the delivery of the annual audit report working with external public auditors.
Experience executing acquisitions to include valuation, due diligence, and integration.
Professional with natural business acumen and excellent verbal and written communications skills
Capability to provide trusted and creative insight and counsel in a variety of fields.
Discipline and organization skills to establish and maintain work processes.
Ability to coordinate collaborative multi-department efforts.
Skilled collaborator in an executive team setting who can complete strategic as well as tactical tasks within the role.
“Roll-up your sleeves” mentality to work as a team player and coach to get the job done.
Concern for employees and strong shareholder values.
Advanced skills in business software such as Word, Excel, and Power point.
Bachelor’s degree required; business discipline preferred. Master’s degree is a plus.
Evening and some weekend work are frequently required. Up to 30% travel required.