Chief Financial Officer

Company: Confidential
Location: Cincinnati
Posted on: June 25, 2022

Job Description:

Position SummaryWe are looking for a dynamic Chief Financial Officer (CFO) to provide strategic leadership, coordination, and focus for financial activities across all business units and be an active participant in the development of the company's Mission, Vision, Strategy and Culture. The CFO position reports to the company President, and is based at our headquarters in Cincinnati, Ohio. The CFO will be a member of the Executive Team, directing and overseeing the accounting and financial activities of our company.The CFO is responsible for the financial well-being of the organization including the accounting, treasury, and risk management. The CFO will research and understand key economic and business trends and utilize financial analysis in the development of the organization's overall financial strategy. The CFO will develop the metrics needed to monitor and support this strategy and develop the control systems designed to preserve company assets and report accurate financial results. The CFO is responsible for building effective teams and partnering with executive leadership in the development of new products, services, and offerings Situation OverviewOur Client is a privately held company with a long history of success and revenue in the $300M range. The company is growing, profitable and has a positive and energetic employee culture. Given our growth trajectory, we are adding the CFO position to help optimize this growth well into the future. Today the company has a strong accounting and finance team who report to this position. These reports are highly capable in their respective areas of expertise and, overall, the accounting and finance team are a professional and well-run organization.The President is looking for a right-hand partner regarding all facets of the company's financial and business strategy. Someone who will work with the Executive Team helping them to make optimal business decisions that align with and support the strategic and business plan initiatives of the company. Ideally, the CFO will have a passion for innovation given the significant financial aspect to our products and services. There is low relative turnover in the management staff and the company is looking for someone with a long-term view of this opportunity for their career.This is an outstanding opportunity for the right CFO candidate because:

• They will be joining a highly complex company at a time of significant growth where they can make a major impact.
• They will be joining a company with a long history of success, a highly recognizable brand, and an exceptional growth outlook.
• They will be challenged to keep up with, and stay ahead of, the continued rapid growth of the Business.
• They will report directly to the President as a key strategic partner/advisor and be a member of the Company's Executive Team.
• The company is looking for someone who wants a long-term career with the Client and will grow with them. They are not looking for someone who will see this as just a job.1. Strategy, Planning and Management
  • Act as Chief Financial Officer and strategic business partner to executive and senior and leadership team.
  • Participate in pivotal decisions as they relate to strategic initiatives and operational models.
  • Assess and evaluate financial performance of organization with regards to long-term operational goals, budgets, and forecasts.
  • Provide insights and recommendations to both short-term and long-term growth plans of organization.
  • Manage critical banking relationships, consultants, and auditors. Represent company to banks, financial partners, institutions, investors, public auditors, and officials.
  • Implement policies, procedures and processes as deemed appropriate by senior leadership team.
  • Act as a change-agent and an engaging mentor/coach who builds confidence in and empowers his/her teams; one who builds a culture of accountability, shares authority and removes obstacles to success.
  • Develop KPIs that enhance the focus and performance of the Finance and Treasury and Risk Management teams.2. Financial Analysis, Budgeting and Forecasting
    • Partner with the Executive team in the creation and management of plans to achieve sustainable, profitable growth.
    • Create and establish yearly financial objectives that align with the company's plan for growth and expansion.
    • Develop and maintain monthly operating budget and annual company operating budget.
    • Prepare and present monthly financial budgeting reports including monthly profit and loss by business unit, forecast vs. budget by business unit and weekly cash flow by division.
    • Review and analyze monthly financial results and provide recommendations.
    • Partner with the Executive Team in the identification, assessment, definition, and development business initiatives, product launches and/or new service offerings.3. Accounting, General Ledger, Administration and Operations
      • Lead the accounting department to ensure the proper functioning of all systems, databases, and financial software.
      • Enhance and implement financial and accounting systems, processes, tools, and control systems.
      • Review and ensure application of appropriate internal controls, compliance, and financial procedures.
      • Further strengthen the accounting and finance team over time and continuously support development of the team's skills and knowledge.4. Treasury and Risk Management
        • Manage cash flow planning process and ensure funds availability.
        • Oversee cash, investments, and asset management.
        • Explore new investment opportunities and provide recommendations on potential returns and risks.
        • Utilize forward-looking models and activity-based analyses to provide financial insight into the organization's plans and operating budgets.
        • Remain current on audit best practices as well as state, federal and local laws regarding company operations.5. Cash Management
          • Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs.
          • Supervise Accounts Receivable management and provide guidance relating to the collection process.Position Requirements
            • Bachelor's degree in Business or related field, advanced degree such as an MBA is preferred
            • Certified Public Accountant (CPA) strongly preferred.
            • 10+ years of senior level financial management experience required and a minimum of 3 years as a CFO
            • Preferred experience in privately held business
            • Experience working with and presenting to board of directors, the investment community, shareholders & professional service partners preferred
            • Exceptional leadership and communication skills, with an ability to develop and foster strong relationships with internal and external stakeholders.
            • High levels of familiarity with the use of financial data, and a demonstrated ability to utilize it to validate/challenge underlying assumptions and develop effective solutions.
            • Excellent interpersonal skills. A demonstrated track record supporting a collaborative environment and successful relationship building.
            • Intellectually curious. Dynamic change agent capable of initiating and influencing accelerated evolution in support of aggressive business objectives.
            • Highly analytical with the ability to tell the story based on the data and analytics.
            • Strong executive management and operations skills. Able to plan, control, direct and assess business operations.
            • Strong problem-solving abilities. Able to solve problems and deal with a variety of variables in situations where only limited standardization exists. Able to analyze risks and take appropriate action.
            • Ability to adapt and prioritize in a deadline-driven environment.
            • Strong computer skills which include Microsoft Word, Excel, and PowerPoint.
            • Demonstrated proficiency with Enterprise Resource Planning (ERP) software (NetSuite preferred).TravelApproximate 5% travel required.

Keywords: Confidential, Cincinnati , Chief Financial Officer, Executive , Cincinnati, Ohio