Chief Financial Officer
Reports To: President
Reports: (4 Direct, 36 Indirect)
Position Location: Silco Cincinnati - In Office (occasional travel to other Silco locations)
Apply: https://silcofs.com/careers/
Company Overview
Silco Fire & Security isn’t just a company, it’s a mission. Every day, our team plays a vital role in protecting people and property for over 45,000 businesses across Ohio, Kentucky, and surrounding states. We design, install, maintain, and monitor fire protection and security systems that keep people safe and businesses compliant.
As the market leader in the Midwest, Silco is a growing, family-owned company with over 500 employees working from our headquarters in Cincinnati and branches in Dayton, Columbus, Toledo, Akron, Cleveland and Louisville. Recognized as a Top Workplace and named to the Inc. 5000 list of fastest-growing private companies, we have a long-standing track record of success and ambitious goals for the future.
Our impact extends beyond fire alarms and sprinklers; we provide peace of mind to the communities we serve. At Silco, you’re not just doing a job, you’re making a difference.
Expected Transformation
This is a transformational CFO role focused on scaling systems, improving cash flow, strengthening operational finance, and enabling aggressive growth across a multi-branch service and construction organization.
At present, the biggest opportunities and focus areas are:
- Our recent successful implementation of salesforce.com for all sales and service operations has made a large impact throughout the company. However, salesforce.com is integrated into a legacy ERP system. The next phase is to replace this ERP system working closely with IT and other departments to improve reliability and scalability, increase efficiency, and provide better financial data and reporting.
- Our installation / construction division has grown substantially over the last 3 years. There is a significant opportunity to reduce complexity, increase accuracy, and improve cash flow by improving accounting processes.
- Our DSO is above industry benchmark and there is large opportunity to increase cash while minimizing bad debt.
- Over the last 3 years, we have revamped our compensation systems. There is a substantial opportunity to improve payroll processes to reduce payroll errors, increase scalability, while enhancing employee satisfaction.
Responsibilities
- Be an integral member of Silco’s Senior Leadership Team, participating in the development of the company’s strategic plan and the effective execution of that plan. Help the other senior leaders and their departments succeed.
- Oversee all accounting functions (General Accounting/FP&A, AR, AP, Billing, Inventory, Payroll).
- Ensure period financial statements are accurate, timely, and prepared in accordance with GAAP.
- Create and implement short- and long-term strategies to maximize cash flow, keeping a watchful eye on:
- Accounts Receivable (DSO)
- Bad Debt
- Inventory (DOH)
- Capital Expenditures
- Operating Expenses
Project/Construction Billing
- Oversee and prepare the company budget helping set challenging yet achievable financial goal. Accurately forecast cash flow.
- Provide insightful financial analysis to help the business leaders identify and prioritize opportunities for improvement.
- Ensure preparedness for financial review/audit by the outside accounting firm, 401k audit, insurance audits, potential state or IRS audits, and any other audits.
- Work with IT on the selection and implementation of the company’s technology platforms. Be an integral part of story refinement, backlog prioritization, and training/adoption.
- Implement and monitor internal controls to protect assets, prevent fraud, ensure accurate financial reporting, and comply with regulations.
- Review acquisition opportunities to determine financial viability and impact. Conduct due diligence to verify financial records.
- Oversee the company’s banking relationship, ensuring we are using services to increase efficiency and security. Prepare and submit any reporting required by the bank.
- Complete all required registrations and filing, including all necessary tax returns.
- Improve purchasing practices and procedures. Identify and implement processes to reduce cost.
What it takes to succeed (skills, behaviors)
- Be an integral part of Silco’s Senior Leadership Team helping your teammates and the company achieve its goals.
- Embrace the company’s values and exhibit leadership behavior in alignment with these values.
- Learn the culture and operations of the company by spending time with employees in various job functions.
- Hire and develop an exceptional team.
- Decisive and seeks results aggressively; Change-agent; Acts with urgency; Communicates with clarity and precision; Persuades through both reasoning and emotion; confident; optimistic.
- Ability to set ambitious goals and consistently find ways to achieve them.
- Embrace the company’s execution methodology to make financial and operational KPI improvements.
- Broad experience in people development, communication skills, business acumen, and exemplary work ethic.
- Exceptional data analysis and reporting skills. Advanced in excel and other Microsoft office applications. Continuous Improvement Experience. Ideally, certification in Lean, Six Sigma or other process improvement methodology.
Education & Experience
- Bachelor’s degree in accounting. CPA and MBA not required but preferred.
- 10 Years’ Accounting experience, with at least 3 of those years being at an Accounting Director or CFO level, ideally within a company with an annual revenue of approximately $100-$500 million or comparable complexity or growth profile.
Work Environment and Physical Requirements
Work is performed in an office setting with occasional required travel. This position requires the ability to sit or stand at a workstation for extended periods of time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Travel
Travel between Silco locations is required, with the goal of being in each office at least quarterly.
Benefits:
In addition to a competitive compensation package, Silco offers a wide range of benefits such as medical, dental, vision, Aflac, and a Flexible Spending Account (FSA). Silco offers company paid short-term disability and life insurance, as well as company paid training. The Company also boasts a 401(k) program with company matching and tuition reimbursement. Silco provides paid holidays and generous paid time off.
Employment at Silco is contingent upon completing and passing a background check and drug screen. Silco is an Equal Opportunity Employer.
Note: Silco does not accept external recruiter calls regarding this position currently.
