What are the responsibilities and job description for the CHIEF FINANCIAL OFFICER position at RCO Engineering?
Who we are : RCO Engineering is a family-oriented company who invests in their associates focusing on a healthy work / life balance and continuous growth. Founded 51 years ago, we specialize in solving problems in the diverse industries that include trains, planes, automobiles, defense primes and one offs that come through our sales door. With over 500,000 ft2 of manufacturing space RCO continues to grow our Design & Engineering, Prototyping, Testing & Validation, and Low Volume-High Mix Production Services while continually investing in our Capabilities; Metal Stamping & Fabrication, Injection Molding, Molded & Milled Foam, Compression Molding, Additive manufacturing, Tooling, Cut & Sew and CNC Machining. Position Overview : The Chief Financial Officer is responsible for the overall management of all corporate wide finance and accounting systems and resources and is a final authority on the decisions within the scope of RCOs fiscal reporting. Productive cross functional leadership and support of financial and manufacturing operations is essential for the continued success of the company. The CFO reports to the executive board and has 3 direct reports. Responsibilities : Manage all aspects of the Finance and Accounting functions of the organization. Proactively bring strategic finance thought partnership through financial expertise to ongoing tactical and strategic business initiatives as well as insights from industry. Working with the owners and business leaders, utilize the companys ERP data as well as other information to create forward-looking models and activity-based analyses to provide greater financial insight into the companys plans and operating budget and bring greater visibility of individual department performance. Set financial and / or performance goals for each department in the finance area which are aggressive, achievable, and tied to long-term strategic goals. Monitor department performance against performance goals to ensure that progress is being made within the organization. Support special projects and initiatives through the financial analysis and planning of project scope, capacity, business model, and trends. Abide by GAAP and maintain compliance in all financial federal state, and local regulatory laws, rules, and guidelines for financial tax reporting. Mitigate Risk through management programs and assessments to safeguard corporate / financial assets, through insurance and concrete legal / contractual agreements. Report on all strategic and tactical matters as they relate to GAAP, accounting functions, budget management, cost-benefit analysis, compliance, and forecasting. Prepare or direct the preparation of reports which summarize and forecast business activity and the companys financial position in areas of income, expenses, earnings, and cash flow with continuous evaluation of short and long term financial objectives. Incorporates essential duties and responsibilities that involve reviewing past performance, management of daily and monthly activities, and financial forecasting. Manage and oversee Accounts Payable and Accounts Receivable, ensuring adequate cash flow to meet the companys needs. Maintain company credibility by providing timely and accurate preparation and analysis of budgets, financial trends, and forecasts. Manage and oversee the production of monthly reports as well as financial statements and cash flow projections and KPIs. Represent the company with banks and other financial institutions, CPAs, attorneys, insurance and benefits providers, and other business stakeholders. Direct and train Accounting and Finance staff raising awareness and knowledge of accounting and financial-related matters and best practices. Lead the finance team promoting efficient departmental and system operations. Requirements : 15 years of experience in the Manufacturing and / or Heavy Industrial Industry. Experience working in a privately held or family-owned business. 15 years of experience in senior-level finance positions with the day-to-day financial operations of an organization of at least $100M in annual sales. Possess a do what it takes to get the job done mindset while dedicated to the timely delivery of work. Hands on work within an automated financial and accounting reporting system; Direct experience with ERP systems implementation (Epicor a plus) and integrating reporting. Proactive with creative problem-solving skills. Knowledge of contracting, negotiating, and financial management. Proven experience assisting operations with inventory management, WIP accounting, and BOM. Proven ability in finance, accounting, budgeting, and cost control principles including GAAP. Must be able to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects. Strong work ethic, e.g., roll-up your sleeves leader. Highly focused on execution and results, organized and analytical; initiates as opposed to reacts. Successful experience with the financial management of labor and operational planning costs. Direct experience evaluating and building strong Finance and Accounting teams. Forecasting, budgeting, and management of banking relationships. Established and maintained processes for accurately closing the books within 5 business days of month-end. Soft Skills : Displays stamina, and energy and is committed to personal growth and development for self and others. Doesnt take oneself too seriously, can work in a lively small company atmosphere without the resources of a large company. Passionate about coaching and mentoring a team. Effective at setting, evaluating, and inspiring individual and team goals that develop people to promote a result-driven culture. Education : Bachelors degree in in Business, Accounting, Finance, or related fields. MBA preferred. CPA, CMA or equivalent with practical experience preferred.
Salary : $100