Why Choose Us?
Novolex is a leading manufacturer of food, beverage, and specialty packaging that supports multiple industries including foodservice, restaurant delivery and carryout, food processing, grocery and retail, and industrial sectors. Novolex manufacturing and sourcing expertise spans a diverse range of substrates including resin, paper, molded fiber, aluminum and more. We provide customers a broad array of stock and customized solutions with 120 product categories, 250 brands and over 39,000 SKUs.
Our Sustainability Commitment
The Novolex sustainability vision is built upon three pillars: our products, our operations and our people. Each is critically important to our growth and future as a business. These pillars form the foundation of our company-wide commitment to sustainability, helping us achieve our ambitious goals through our wide-ranging initiatives.
Position Summary
Job Description
The Chief Financial Officer for our International, Industrial & Beverage Business Unit will provide leadership of all aspects of finance and accounting for this global business. She/He will serve as a key strategic partner to both the Novolex Chief Financial Officer and the Business Unit President. This position will support efforts to provide better solutions, expand margins and generate strong cash flow. The individual will maintain a financial reporting/internal control system that will provide management with the appropriate financial and operating information. She/He will develop, analyze and interpret statistical and accounting information in order to appraise operating results in terms of profitability, performance, operational excellence and other criteria that directly reflect the fiscal soundness and operating effectiveness of the segment. She/He will be expected to lead efforts to enhance financial capabilities and transition to a more commercially and operationally focused function integral to driving performance.
Key Responsibilities
- Participate as a key business partner to the Business Unit President. Contribute to business strategy development and operational execution of business plans that drive growth, while simultaneously continuing efforts to fully integrate a business built though acquisition.
- Work with the operational and commercial teams to analyze business performance, highlight areas of opportunity and remediation, and help drive coordinated action plans.
- Provide strategic financial leadership and support on the evaluation of potential mergers, acquisitions, investments and/or other issues affecting the business. Perform special analyses to support strategic business decision making - this can include financial analysis in support of M&A, capital investments, changing business models, pricing models, etc.
- Drive accurate, concise and useful financial reporting across the Business Unit. Facilitate the preparation of monthly financial reports including monthly profit and loss, forecast vs. budget and periodic cash flow by operating company. Provide guidance on how to increase revenue, reduce costs, and improve overall operating efficiency.
- Develop and lead a strong finance team by recruiting, selecting, developing and retaining high performing talent. Provide career development and coaching/mentoring. Develop management reporting capabilities, ensuring cross-functional alignment and communication, with a focus on actionable and forward-looking information.
- Effectively and clearly communicate potential risks to appropriate stakeholders in a timely manner.
- Monitor and confirm the segment's financial condition by supporting activities of internal and external auditors. Protect assets by establishing, monitoring, improving, and enforcing internal controls.
- Collaborate with corporate finance and accounting teams to coordinate a timely and accurate closing, budgeting & forecasting cycle; ensure alignment around accounting and reporting policies. Work collaboratively with corporate colleagues (i.e., treasury, tax, audit) in improving financial processes, implementing policy changes, and executing strategies and initiatives.
- Ensure best-in-class financial governance through the management of Business Unit accounting and control functionality, including all balance sheet reconciliations and period end activities.
- Ensure legal and regulatory compliance and accurate and timely reporting of the financial results, budget analysis and financial reviews.
Ideal Experience
Senior finance executive leadership experience in an industrial manufacturing environment.
15+ years in finance roles with increasing responsibility including a division CFO role in a complex manufacturing business of relevant scale and complexity; global scope preferred.
Team leadership.
Leadership or responsibility for a geographically distributed team of at least 20, ideally in a complex, matrixed organization.
Process Improvement Experience.
Continuous improvement mindset and experience building best-in-class finance process and capabilities, including leveraging technology to improve efficiency.
M&A Experience.
Mergers and acquisitions experience; has previously led complex integration(s).
Education and credentials.
Strong academic credentials, including a required bachelor’s degree in accounting, finance, or a relevant field. An MBA or CPA is preferred.
Critical Leadership Capabilities
Driving Results
- Acts to surpass goals, seizing opportunities to push the envelope.
- Sets continually higher goals that are ambitious but realistic for self and team, geared to organizational objectives.
- Focuses on new business opportunities that enable business development targets to be exceeded.
Collaborating and Influencing
- Negotiates with a genuine give-and-take approach, where both act as true peers and decisions are shared.
- Spends time identifying all stakeholders necessary and meets or connects with all of them, neglecting no one to shape a collective consensus.
- Identifies opportunities to build relationships that will help others achieve their objectives and reaches out to those people or new people.
Other Personal Characteristics
- High level of integrity and dependability with a strong sense of urgency and results-orientation.
- A professional stature that commands respect and credibility inside and outside the company.
- Collaborative team player and partner, with superior interpersonal and communication skills and the ability to relate to diverse internal and external audiences/constituencies.
- Personal drive, energy and the ability to work effectively in a fast-paced environment with high expectations for responsiveness.
- An executive who values and promotes a culture of accountability—both for himself/herself and for others.
- Customer-centric; focuses on key issues important to the customer (quality, delivery, lead time).
- Strong communication skills; able to convey a message that is clear and concise, linking business issues, financial results and strategy.
- A dynamic leader; known for his or her ability to develop, motivate and build strong financial teams that achieve superior levels of performance.
- Willingness/ability to travel approximately 25% of the time.
A reasonable estimate of the current range is $250,000 - $300,000 + bonus + benefits. The range displayed on each job posting reflects the minimum and maximum target salaries for the position across all US locations. Within the range, individual pay is determined by job-related skills, experience, and relevant education or training. At Novolex, it is not typical for an individual to be hired at the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case.
The benefits for this role include 401(k) plan with company match, comprehensive medical, dental, and vision insurance, flexible spending and health savings accounts, paid vacation and sick days, paid parental leave, paid holidays and wellness program.
#INDSalaried
Company Benefits
What You'll Get From Us Benefits
With safety as our top priority and a commitment to employee well-being an important focus, we offer comprehensive and competitive benefits that include medical, dental and vision insurance as well as a variety of other well-being resources focused on mental, physical and financial health. Specific benefits and well-being programs may vary depending on where you work.
Community Engagement
At Novolex, giving back to the local communities that support us is important. Our Focused Giving Program prioritizes support for organizations whose missions promote sustainability initiatives or address food and hunger needs. We also encourage facility level support of activities in the communities where our employees live and work.
Training and Development
We offer constant opportunities for advancement. From skills development to advanced education programs, training and development programs and courses are available through MyLearning. Programs include company and industry training curricula, support for formal education through the Tuition Reimbursement Program (Non-Union), and a Learning Management System that supports and enhances employee skills at all levels of the organization.
Novolex is committed to providing equal employment opportunity in all employment practices, including but not limited to selection, hiring, promotion, transfer, and compensation to all qualified applicants and employees without regard to age, race, color, national origin, sex, pregnancy, sexual orientation, gender identity, religion, handicap or disability, genetics, citizenship status, service member or veteran status, or any other category protected by federal, state, or local law. Any individual who, because of his or her disability, needs an accommodation in connection with an aspect of the Company's application process should contact myHRservices@novolex.com .
Formerly Pactiv Evergreen
