What are the responsibilities and job description for the Chief Financial Officer position at PE Backed Manufacturer?
Harvest CFO Executive Search has been retained to deliver a highly skilled Chief Financial Officer (CFO) for a leading manufacturer of advanced composites and armor solutions. Currently generating more than $50MM in annual revenues with solid profitability, and backed by a well-regarded private equity firm, this company has a strategic plan to grow towards $100MM in annual revenues through both organic market expansion and add on acquisitions (M&A).
This CFO role is a key strategic executive leadership position partnering with the CEO, management team, and the PE sponsor to achieve the strategic plan. The CFO reports to the CEO and has primary day-to-day “hands-on” responsibility for planning, implementing, managing, and controlling all financial and operational reporting. This includes direct responsibility for accounting, finance, forecasting, FP&A, capital expenditure analysis, working capital management, treasury, tax, insurance, budget and audit functions. The CFO will partner with the management team and operations to assess financial performance across all revenue streams and implement initiatives toward improving profitability, cash flow, and liquidity. The CFO is responsible for managing ongoing bank relationships and reporting requirements and is expected to maintain robust systems and controls to safeguard corporate assets and ensure corporate policies are followed. The CFO will play a key leadership role in implementing improvements in systems and processes. The CFO will also play a key leadership role for M&A activities including add on acquisitions and an eventual company sale process.
Desired Competencies :
- Direct industry experience in a manufacturing business environment preferred. Aerospace, defense industry, department of defense (DOD), performance / engineered materials experience is a plus.
- Successful experience :
- as a financial leader who is both “hands-on” and “scalable” in a commercial operations environment with revenues of at least $30MM with proven ability to manage growth;
- in a financial leadership role in a private equity portfolio environment or similar experience;
- managing manufacturing costing systems / processes, including costing and inventory management;
- partnering with the management team to implement pricing best practices to improve revenue and profit opportunities;
- developing a high performing financial planning and analysis (FP&A) function;
- implementing / managing initiatives to optimize cash flow and working capital, including forecasting and liquidity planning;
- as a change leader / manager advancing financial management best practices across the business;
- working as a business partner across all functions of an organization;
- in a leadership role as to evaluation, improvements, and implementation of ERP systems;
- managing lender relationships and requirements contained within credit agreements, including financial reporting, cash forecasting, borrowing base, and covenant reporting;
- as a business partner with the management team and PE Firm to achieve targeted results and development and execution of the strategic plan;
- in a leadership role as to acquisition due diligence and post-acquisition integration, including monitoring progress towards targeted synergies and cost savings;
- playing a key leadership role in a company sale process.
- Partners with the Sales and Operations teams, reports to the CEO, and interfaces with Board Directors and private equity sponsors.
- Reporting to the CFO - Accounting and Finance, IT and HR.
- CPA license and / or MBA is preferred but not required.
Salary : $50 - $100