Chief Financial Officer - Manufacturing

Kreischer Miller's Human Capital Resources group takes a highly personalized and collaborative approach to executive recruiting. We work directly with owners of privately-held and family-owned companies to help build their leadership teams. Our goal is to find the best fit for your organization – top-tier executives who will make an immediate and long-term positive impact on your company. Our Human Capital Resources group has a proven track record of locating talented senior-level executives. We are proud to be a perennial name on Philadelphia Business Journal’s list of Top 10 Retained Search Firms.

Summary

Our client is a mid-market, family-owned, third-generation manufacturing company who has been operating for more than a century and desires a Chief Financial Officer. This position is a key member of the executive leadership team. The CFO is a collaborative leader accountable for the administrative, financial and risk management operations of the company. As the financial leader for the company, primary responsibilities include the development of financial and operational strategies, management of strategic and day-to-day financial and risk functions, providing accurate and relevant financial reporting and ensuring the safeguarding of company assets through development and monitoring of control systems.

The CFO will report to the Vice President & General Manager and be closely involved with the President of the company as well as additional executive leadership team members. Mentoring a team of two direct reports along with a support staff is required.

Responsibilities

Strategy, Planning and Management

• Demonstrate a commitment to continuous improvement in managing and developing robust financial reporting methodologies to increase organizational efficiency, accountability, transparency, and decision-making.
• Drive and engage leadership team on long term strategic planning, risk assessment, business development and company growth strategies.
• Ensure effective communication of key financial and operational results across the organization.
• Lead a collaborative strategic planning and budgeting process for the business and ensure alignment with strategic objectives.
• Participate in Advisory Board activities and meetings, ensuring timely and accurate reporting of financial and strategic performance.
• Contributing member of the Executive Leadership Team (ELT), providing financial visibility, insight, and guidance for all strategic and operational results.
• Proactively perform financial performance analysis and forecasting, related variance, and business analysis, ensure leadership visibility and initiate corrective actions.

Accounting and Finance

• Manage and oversee the relationship with the independent accountant, including periodic audits and review of financial statements.
• Ensure accounting and finance functions interface and interact with all departments effectively and efficiently.
• Manage all accounting activities including accounts payable, accounts receivable, production reporting, and ensure timely monthly and annual financial reporting.
• Perform forecasting and financial analysis to provide organizational awareness and promote leadership decision making.
• Ensure accurate and timely preparation of monthly, quarterly, and year-end financial statements and analyses of financial results.
• Ensure accuracy and integrity of product inventory and related internal controls.
• Manage all cost accounting related activities ensuring standard cost system integrity, including budget development and related proactive business and cost analysis.
• Manage the capital request and expenditure process.

Financial and Risk Management

• Manage company’s risk program including P&C, WC, GL, EPL Auto and health coverages, conduct carrier and broker evaluations, renewals, analysis, and ensure captive insurance related activities are represented and reported.
• Maintain credit policies to effectively manage credit terms and collection efforts.
• Oversee financial policies, procedures, and internal controls and ensure compliance with all GAAP, tax, and bank financial reporting requirements.

Cash Management, Finance, Treasury

• Manage banking and credit relationships including negotiating bank facilities, funding capital strategies, and ensuring financial covenant compliance.
• Manage company capital structure and provide related strategic planning.
• Oversee all cash management activities and related reporting.
• Perform cash flow forecasting to ensure the availability of funds and covenant compliance and provide strategic guidance accordingly.
• Maximize financial strength through effective cash flow management and appropriate investment strategies.

Tax compliance and planning

• Ensure compliance, accuracy, and timely filing of all local, state, federal tax returns and oversee the handling of any tax audits.
• Interact extensively with outside accounting professionals in all tax planning, compliance, and funding activities for all entities.

Other Functions

• Ensure compliance with company policies and procedures.
• Provide guidance, input, and oversight of employee benefit plans to ensure cost effectiveness and alignment with company objectives.
• Manage corporate records and records retention compliance.
• Serve as the trustee of the company 401k and discretionary plans and manage all related activities including the annual audit process.
• Ensure the integrity of the company financial software systems and applications, and proactively evaluate and recommend potential solutions.
• Drive company energy strategy, analysis, and related strategic hedging.
• Maintain close working relationships with legal counsel and serve as company primary representative and liaison for all agreements and contracts.

Qualifications And Requirements

• Judgment Willingness to make decisions; exhibit sound, accurate judgment and make timely decisions.
• Bachelor's degree required – with significant coursework in economics, accounting or business preferred. MBA or CPA preferred.
• Financial audit experience.
• Management skills Include staff in planning, decision-making, facilitating and process improvements; be available to staff; provide regular performance feedback; develop subordinates' skills and encourage growth.
• Local Candidates only please
• Cash management and banking experience strongly preferred.
• Federal, state, and local tax working knowledge and experience with related authorities.
• Strong cost accounting knowledge and experience.
• Minimum of 10-20 years of progressively responsible experience, including 5+ years leading an accounting department.
• Strong knowledge of GAAP, tax, internal controls, and financial reporting.
• Experience with financial accounting software and ERP systems (industry specific, Amtech {ERP} and QuickBooks helpful).
• Demonstrated group presentation skills and ability to conduct productive meetings.
• Strong people skills collaborating with other executive leaders and associates at all levels.
• Demonstrated success working in a smaller, entrepreneurial, fast-paced culture.
• Personality traits positive, personable, energetic, professional, enthusiastic, take initiative, strategic thinker, detail-oriented, team player, collaborative.
• Able to synthesize complex and diverse information providing insight for financial decision-making. Demonstrated skills with financial reports that drive strategic planning.
• Delegation of work assignments Give authority to work independently and set expectations and monitor delegated activities.
• Must be legally eligible to work in the United States without sponsorship
• Solid computer skills in Excel, Word, and PowerPoint.
• Planning/Organizing Prioritize and plan work activities; use time efficiently and develop realistic action plans; strong organizational skills.
• In Hatboro, PA facility 5 days a week
• Debt procurement and management experience.
• Experience with risk management and related insurance.
• Leadership Inspire and motivate others to perform well; accept feedback from others.
• Manufacturing industry experience strongly preferred.
• Strategic planning and budgeting experience.
• Proactively identify and resolve issues in a timely manner; gather and analyze information skillfully. Understand issues affecting other departments and collaboratively work to resolve them.