Primary Position Responsibilities
The CFO position is a critical position accountable for the administrative, financial, and risk management operations of the Company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Principal accountabilities are:
- Participate in key decisions as a member of the executive management team
- Maintain in-depth relations with all members of the management team
- Manage the accounting, finance, tax, audit and treasury departments along with investor relations
- Oversee the financial operations of subsidiary companies and foreign operations
- Manage any third parties to which functions have been outsourced
- Oversee the company’s transaction processing systems
- Implement operational best practices
- Oversee employee benefit plans, with emphasis on maximizing a cost-effective benefits package
- Supervise acquisition due diligence and negotiate acquisitions
- Assist in formulating the company’s financial strategy, planning and forecasts; conferring with CEO, Executive Staff and General Managers
- Monitor and direct the implementation of strategic business plans
- Develop financial and tax strategies
- Manage the capital request and budgeting processes
- Develop performance measures that support the company’s strategic direction
- Study, analyze and report on trends, opportunities for expansion and projections of future company growth.
- Oversee the timely and accurate issuance of the US GAAP management reporting required to properly manage the company’s business.
- Provide accurate, meaningful, well-articulated business analysis for every business unit.
- Personally review and approve all financial statements to be generated in accordance with U.S. GAAP and the Securities and Exchange Commission in case an IPO is desired in the future.
- Report financial results to the board of directors
- Manage the financial risks and understand and mitigate key elements of the company’s risk profile
- Monitor all open legal issues involving the company, and legal issues affecting the industry
- Construct and monitor reliable control systems
- Maintain appropriate insurance coverage
- Ensure that the company complies with all legal and regulatory requirements
- Ensure that record keeping meets the requirements of auditors and government agencies
- Report risk issues to the audit committee of the board of directors
- Maintain relations with external auditors and investigate their findings and recommendations
- Supervise the investment and raising of funds
- Monitor cash balances and produce weekly cash forecasts
- Reconcile actual cash to budget and share with responsible executives
- Arrange for debt and equity financing
- Invest funds
- Invest pension funds
Third Party Relationships
- Participate in conference calls with the investment community
- Maintain banking and audit relationships
- Represent the company with investment bankers and investors
Desired Leadership Qualities
- Accountability: Makes a personal and sincere commitment to goals and effectively deals with consequences of both success and failures. Possess the ability to develop stretch goals which are objective, easily understood and tied to high integrity metrics. Effectively communicates goals to their team and the broader organization. Inspires team to meet or exceed the stated goals and effectively deals with under performers and appropriately recognizes those who meet or exceed their goals.
- Responsibility: Possesses an attitude of ownership for not only their goals and functional area, but also the entire enterprise. Readily goes beyond what is necessary to succeed in their specific role and does whatever is necessary to move the entire business forward. Has a strong commitment to continuous improvement and readily takes the initiative to address challenges and capitalize on opportunities to move the business forward.
- Transparency: Embraces the concept of total openness of information and action. Effectively collaborates with all levels of the organization by engaging in effective dialogue within the business and with external stakeholders.
Qualifications & Experience
Candidates will need to have a combination of the following experience and personal attributes:
- 20-25 years of overall experience
- A four-year degree in accounting, finance or a related field is required.
- Ideally 5+ years as a CFO of a public company that manufactures and distributes products, ideally consumer goods, globally and has overall sales of at least $750 Million. The top financial executive within a $2 Billion plus international division or subsidiary of a public company that manufactures and distributes products, ideally consumer goods, globally will also be considered so long as they have prior corporate office experience.
- A proven and extensive track record in delivering on profitability goals and objectives of a large and complex international organization;
- International financial and business experience in a multi division operations environment and determination to deliver a financial strategy and structure to support strategic growth plans across multiple business units;
- Experience negotiating strategic alliances and partnerships with banks, lenders, financial institutions, insurers, auditors and others which will further enhance the Company’s value proposition and support the financial strategy and structure;
- Experience acquiring, merging and integrating businesses and assets;
- Experience in managing cash globally.
- Possesses some practical knowledge of investor relations and the nature of responsibilities of a financial leader of a publicly-held corporation in case the company pursues an IPO;
- Is viewed as a business leader with a track record of developing a vision for the financial management organization, tactically executing the vision and accountable for the results.
- A Master’s degree in Accounting or Business Administration is highly desirable.
- A professional accounting designation (CPA or equivalent) is highly desired.