What are the responsibilities and job description for the Chief Financial Officer position at Precision Metal Works?
Oversee the organization’s overall financial structure, policies and accounting practices, Treasury, risk management, insurance, budgeting, audit, tax, growth/expansion plans and other accounting activities for the corporation.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Overall responsibility for all accounting and financial matters including management of accounts, financial accounting, reporting, and auditor assessment and liaison.
Directs and manages quality and performance of all accounting department, information technology and purchasing personnel.
Manages financial accounts, ensuring accurate forecasts of business performance and working capital requirements are available. Ensures all cash inflows (trading, bank loans, invoice discounting) are always adequate to meet liabilities.
Oversees administration of employee payroll and benefits.
Manages company’s business licensing and filing requirements.
Oversees corporate IT infrastructure, maintaining data integrity, system availability and data security.
Directs and participates in development of corporate strategy, being actively involved in the process and preparation of the overall company strategy and organization. Provides advice, counsel and guidance to senior management on all operations and strategic issues. Provide advise on possible acquisition targets, scrutiny of acquisition candidates and assist in commercial negotiations and due diligence.
Works with legal council, brokers and insurance carriers managing action and claims made by or against the company
Change and develop department operations, with the goal of decreased turnaround times, streamlined work processes, and optimized efficiency and productivity in team-oriented initiatives.
All other duties as assigned
EDUCATION and/or EXPERIENCE
- BS or equivalent advanced degree
- 7-10 years progressive finance and accounting management experience in a manufacturing environment
- Advanced knowledge of Information Technology Systems.
REQUIRED KNOWLEDGE, SKILLS, AND ABILITIES
- Ability to read, analyze, and interpret business correspondences, Safety Notices, Control Plans, Quality Alerts, and Packaging instructions. Ability to respond to common inquires or complaints from customers.
- Ability to add, subtract, multiply, and divide in all units of measure using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.
- Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization exits. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
PHYSICAL DEMANDS
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job the employee is frequently required to stand, walk, sit, use hands to touch, reach with hands and arms, climb or balance, stoop, kneel, crouch, crawl, and talk or hear. The employee must frequently lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly exposed to vibration and works near moving mechanical parts. The employee is regularly exposed to varied temperatures due to working in a non-air-conditioned facility. In addition, the employee is regularly exposed to dust, odors, oil, fumes and a very loud noise environment.
PERSONAL ATTRIBUTES REQUIRED
The CFO is required to carry out a large scope of tasks. He/she will be required to possess a behavioral set that can support the level of flexibility the position demands. i.e.
- Be flexible with personal schedule to meet business needs.
- Be polite, patient and empathetic with team members always.
- Be conscious of supporting and adding value to all business processes.
- Be precise while carrying out all duties.
- Be able to always act as the conscience of “the customer”.
- Be reactive in line with re-prioritization as and when required.
- Possess strength in character that will safeguard the integrity of the manufacturing processes within Precision Metal Works.