What are the responsibilities and job description for the Chief Financial Officer position at Meridian Group Partners?
We are partnered with a PE backed, midcap, prefabricated steel module manufacturer that is looking to add a CFO to their team.
The CFO will partner with the President & CEO and the COO to lead the Company to achieve the strategic goals of the PE investment thesis. This position requires a collaborative CFO that welcomes and will seek out their partnership.
The CFO is an integral member of the senior leadership team and provides Financial, Operational and Strategic leadership and direction in matters relating to the general management of the business. The CFO has responsibility for all aspects of Finance including Accounting, Reporting, Treasury, Tax, Credit and Planning/Budgeting. The CFO will also be responsible for developing the finance team and partner to build cross functional consensus throughout the organization.
Responsibilities:
• Provide financial/operational leadership in determining strategic business direction.
• Serve as a key member of the company's executive team and provide financial leadership, planning, guidance, and analysis across all major initiatives of the company, especially with regards to strategic transactions, major customer and vendor transactions, and strategic partnerships.
• Provide deal/strategic analysis (financial projections, negotiations, contract reviews, etc.).
• Provide direction and policy on product and service pricing, costing, and financial analysis.
• Lead the annual forecast development and associated communication.
• Provide financial direction as part of modeling process for all business development activities.
• Lead the planning process including capital and asset planning with the executive team.
Capital & Risk:
• Ensure access to capital and optimize capital structure. Advise management of capital structuring and borrowing options.
• Manage all treasury operations of the company, including cash flow management, cash forecasting, securing and managing credit, establishing and implementing credit and collection policies, and risk management activities.
• Develop and manage outside relationships with investors, commercial banks, law firms, investment bankers, tax advisors, auditors and other outside service providers appropriate to the financial function.
• Design, implement and monitor the company's system of internal controls.
• Work with Auditors to ensure that internal controls are adequate to safeguard assets.
• Confer with outside auditors on accounting regulations and interpretations of the company financial practices.
• Produce timely and accurate financial statements and disclosures in accordance with GAAP.
• Capture, summarize, analyze, and report financial results and related disclosures to management, the Board of Directors, and other stakeholders.
• Direct and participate in the timely and accurate preparation of all Company financial returns
dashboard benchmarks and related financial operational performance analysis.
• Lead monthly financial review discussions with the management team.
• Direct and participate in the preparation of quarterly forecasts and narrative reports, and coordinate and participate in quarterly reviews with investors.
• Balance capabilities, costs, and service levels to fulfill the finance organization's responsibilities.
• Build an effective, strategically sound, financial function for the company with a goal of continuous improvement.
• Provide input to the IT team to improve the quality and efficiency of the Company's IT operating
capabilities.
• Maintain an effective finance organization through evaluation, selection, training and development of financial and operational personnel.
Regulations & Governance:
• Monitor regulations and ensure compliance of financial policies and practices are in accordance with federal, state and diagnostic industry regulations and guidelines.
• Oversee the conduct of the annual audit.
• Work closely with the President & CEO, the COO, and the senior executives to drive the company to superior levels of performance - with emphasis on increased profitability, lower operating costs, and cash flow management.
• Design and monitor enterprise performance metrics to measure success against strategic plans.
• Work closely with the board and investors by providing responsive financial feedback and business insight.
• Establish appropriate business controls to engender a "results and accountability focus" in all decision making.
• Influence corporate strategy through financial insight and acts as a catalyst to stimulate behaviors across the organization to achieve strategic and financial objectives.
• Encourage enterprise-wide adoption and execution of financial strategy.
Personality & Workstyle:
• Fact basis decision maker with an attention to detail.
• Growth oriented.
• Confident and self-assured-willing to deliver "bad news".
• Able to express complex issues easily.
• Demonstrates desire to "walk the floor", interacting with all levels of employees to learn the business.
• Likes to "run lean" and dedicated to financial goals.
Required Experience:
• 15 years of financial experience with at least 5 years of manufacturing experience in a strong
operational environment.
• Ability to provide decision support to operational and sales leadership and act as a true Business
Partner.
• Former CFO experience within a PE backed company that has managed an exit, experienced multiple acquisitions and integrations.
• Strong experience with ERP systems; integration experience is a must.
• Working experience with project accounting and POC reporting
• Deep understanding of financial controls, IT systems, and financial reporting
• Experience contributing to the overall corporate direction and strategies
Education & Certifications:
• Bachelor's degree in Finance or Accounting.
• MBA and/or CPA strongly desired.