Position: Chief Financial Officer
Compensation Package: 225K to 260k Base + bonus (entire cash commitment must be no higher than $325k) plus equity.
Location: Regional to Northeast NC / SE Virginia
Reports to: Board of Directors – Private Equity
About Employer
Employer is a 40+ year old privately held business that provides industrial equipment maintenance & repair services, supporting a broad range of customers through a self-contained in-field repair division, and a full-service machine and fabrication facility.
Employer currently supports markets in North Carolina, Virginia, Pennsylvania and beyond, from the primary locations in NC & PA.
Employer can create, repair or rebuild any specialized part, design and manufacture any job, and even store and schedule delivery to customers. Dedicated equipment and buildings for Parts, Burn Table & Plates, CNC Machinery, Fabrication, Sandblasting, Powder Coating, Gear Box Rebuilding, Auto Mechanics and general warehouses truly differentiate Employer from other fabrication companies.
Additionally, Employer also has vehicles & a field service team - providing services of all types. Product assembly, custom parts fabrication & installation, repairs and replacements are all part of the work the company provides. In addition to this equipped truck fleet, Employer also has multiple cranes and boom trucks to handle rigging projects of up to 60 tons.
Position Responsibilities
This leader works directly with senior company officers and Employer’s PE-backer and ensures financial reporting compliance, accuracy, while preventing and detecting fraud, and aiding in moving the business forward.
Essential Duties & Responsibilities
Financial Management & Reporting
- Overseeing the preparation of financial statements (balance sheet, income statement, cash flow, etc.), Work in Progress (“WIP”) file, monthly reporting package, and management discussion and analysis
- Ensuring compliance with Generally Accepted Accounting Principles (“GAAP”) or
- International Financial Reporting Standards (“IFRS”)
- Overseeing the month-end and year-end closing processes
- Overseeing monthly and quarterly lender reporting requirements
- Ensure the year-end audit is completed promptly
- Reviewing financial reports for accuracy and identifying trends or discrepancies
- Assisting in the preparation of board presentations and related documents
Budgeting & Forecasting
- Assisting in the development of budgets and financial forecasts
- Monitoring financial performance and providing variance analysis
- Recommending cost-saving initiatives and financial improvements
Internal Controls & Compliance
- Implementing and maintaining internal controls and policies to prevent fraud and errors
- Ensuring compliance with financial regulations, tax laws, and company policies
- Coordinating audits and responding to audit findings
Cash Flow & Treasury Management
- Monitoring cash flow and ensuring liquidity for business operations
- Overseeing banking relationships and overseeing financial transactions
- Controlling expenses and optimizing working capital
Leadership & Team Management
- Leading the accounting team and ensuring efficiency in financial operations
- Hiring, training, and mentoring finance staff
- Collaborating with other departments to align financial goals with business strategies
Tax & Regulatory Compliance
- Overseeing tax planning and ensuring timely filing of tax returns
- Overseeing sales tax, payroll tax, and corporate tax obligations
- Keeping up with changes in tax laws and financial regulations
Technology & Process Improvement
- Implementing accounting software and financial systems
- Automating processes to improve efficiency and accuracy
- Recommending new financial tools or technologies
Strategic Financial Planning
- Providing financial insights to support expansion, acquisitions, or investments
- Evaluating financial risks and opportunities
- Evaluating and planning for capital expenditures and analyzing ROI payback
Minimum Qualifications
- Accounting or Finance degree, supplemented with an optional CPA or CMA, or equivalent experience level
- Experience with manufacturing, industrial services and / or contractor accounting, specifically with comfort with job costing, percentage of completion method of accounting, and working with WIP and JIP files
- Experience with GAAP compliance, completing year-end third-party audit requirements,
and filing traditional federal, state, and employment tax filings
- Experience working with private equity is preferred, but not mandatory
- M&A integration experience is preferred
- Excellent organizational, communication, and MS Office suite skills
- Sound judgment and problem-solving skills
