Chief Financial Officer

Insero Talent Solutions is recruiting a Chief Financial Officer for a dynamic and innovative optical manufacturing company in Rochester, NY.

Reports to: Chief Executive Officer

Position Overview:

We are seeking a detail-oriented and experienced Chief Financial Officer to join our dynamic team. The ideal candidate will be responsible for overseeing the financial health of the business, ensuring the accuracy of financial records, and providing strategic and analytical insights to support our growth and operational efficiency. This role includes financial planning, risk management, budgeting and compliance and requires a proactive leader with strong analytical and problem-solving skills.

Key Responsibilities:

Planning

• Assist in formulating and budgeting the company's future strategic direction and supporting tactical initiatives
• Monitor and direct the implementation of strategic business plans
• Identify revenue generating opportunities and cost savings opportunities
• Develop financial and tax strategies
• Manage the capital request and budgeting processes
• Develop performance measures that support the company's strategic direction

Operations

• Participate in key decisions as a member of the executive management team
• Maintain in-depth relations with all members of the leadership management team providing analytical support
• Oversee the company's Enterprise accounting systems
• Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits and healthcare package
• Supervise acquisition/divestiture due diligence

Financial Information

• Oversee the compliance and issuance of all financial information
• Personally review and approve all financial statements
• Ensure that the company complies with all legal and regulatory requirements
• Report financial results to the board of directors and any related stakeholders

Risk Management

• Understand and mitigate key elements of the company's risk profile
• Construct and monitor reliable control systems around lawsuits and litigation
• Maintain appropriate insurance coverage and negotiate improved terms, annually
• Report any financial or risk issues to the executive management team and board of directors

Funding

• Monitor cash balances and cash forecasts
• Identify need for and arrange for additional or alternative debt and or equity financing
• Manage banking relationship and debt facilities

Third Parties

• Participate in visits and or conference calls with the Board members
• Maintain banking, accounting and auditor relationships

Key Process Improvement Metrics:

• Inventory weeks on hand – less than 8 weeks
• DSO – maintain less than 10 days
• Annual bad debt under .1% of revenue
• Financial process improvement
• Provide timely and accurate metrics on a monthly and quarterly basis for internal and customer QBRs
• Close periods in 5-7 business days
• Exceed all debt covenants on a quarterly basis
• Improvement on current budgeting and forecasting process
• Understand key industry trends to seek opportunities and manage risk
• Identify key process improvements and lead further efficiency
• Automation
• System development
• IT Re-engineering
• Improve data quality

Qualifications:

• Bachelor’s degree in accounting, finance, or a related field; MBA, CPA or CMA certification preferred.
• Minimum of 10 years of progressively responsible experience in accounting or finance, with at least 4 years in a controller or CFO role.
• Understanding of the role of a private company CFO as a fiduciary with responsibility for reporting, bank covenant compliance and Board interface.
• Strong understanding of GAAP and financial reporting requirements, taxation and bank compliance
• Proficiency in accounting software (e.g., QuickBooks, SAP) and MS Office Suite, particularly Excel.
• Experience in partnering with an executive team
• Excellent analytical, organizational, and problem-solving skills.
• Strong attention to detail and accuracy.
• Ability to work independently and as part of a team.
• Excellent communication and interpersonal skills.
• Experience in the manufacturing or polymer optics industry is a plus.