Chief Financial Officer

Harvest CFO Executive Search has been retained to deliver a highly skilled Chief Financial Officer (CFO) for an industry leader in the design, manufacture (assembly), installation and supply of water treatment equipment and services. The company’s broad portfolio of custom and standard products includes reverse osmosis, deionizers, filters, softeners, cooling tower filters and complete water treatment systems for hemodialysis, sterile processing and various industrial applications. Products are duly certified and meet the most stringent FDA, ISO, Health Canada, Seismic and IEC / UL standards. Headquartered in Dayton, Ohio, this company has a wide network of dealers located across the USA, Mexico and Canada, providing installation and services.

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 will also play a key leadership role for M&A activities including add on acquisitions and an eventual company sale process.

The CFO is expected to be a true “business partner” with the leadership team, operations and the Board in the execution of the strategic plan. This role provides a competitive compensation and benefits package, as well as equity participation with the opportunity for substantial upside potential.

Harvest CFO Executive Search is the premier executive search partner for the CFO role for private equity portfolio companies.

Desired Competencies

• Direct industry experience in a manufacturing / assembly business environment preferred. Engineered industrial or medical equipment 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 / assembly 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 for evaluating potential add-on opportunities, including leading portions of due diligence and post-acquisition integration, including monitoring progress towards targeted synergies and cost savings.
• Partners with the Sales, Supply Chain, Production Planning and overall 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.