Industrial Distribution | Oil & Gas Services | Investment-Backed Company
Location: Houston, Texas
Direct Hire
Dagen is partnering with an established, investment-backed industrial supply company to identify a Chief Financial Officer (CFO) to lead its finance and accounting functions and support the company's next stage of growth.
This is an excellent opportunity for an experienced financial leader to take ownership of the company's financial operations, strengthen internal processes and controls, and work directly with the CEO and ownership to drive business performance and profitability.
The company serves the energy and industrial markets and is focused on building the financial infrastructure, systems, and processes needed to support long-term growth.
The Opportunity
Reporting directly to the CEO, the CFO will have full responsibility for finance, accounting, financial planning and analysis, cash management, and financial reporting.
This is a hands-on leadership position for someone who understands the financial complexities of an industrial distribution or manufacturing business, particularly those involving inventory, working capital, and lender relationships.
The successful candidate will play an important role in improving financial visibility, strengthening controls, managing cash flow, and providing the financial insight needed to support business decisions.
Key Responsibilities
Finance & Accounting Leadership
- Lead all finance and accounting activities, including monthly, quarterly, and annual financial close and reporting.
- Ensure accurate financial statements and compliance with U.S. GAAP.
- Oversee revenue recognition, inventory costing, accounts receivable, accounts payable, and working capital.
- Develop and manage annual budgets, financial forecasts, and financial performance reporting.
- Establish and improve accounting policies, procedures, and internal controls.
- Manage annual audits and coordinate tax compliance with outside advisors.
- Build, lead, and develop a strong finance and accounting team.
Financial Planning & Business Performance
- Provide financial analysis and insight to support strategic and operational business decisions.
- Monitor revenue, margins, profitability, expenses, and overall financial performance.
- Develop financial models and reporting to support pricing, customer profitability, product performance, and inventory decisions.
- Identify opportunities to improve profitability, cash flow, and operational efficiency.
- Establish key financial metrics and reporting processes for executive leadership and ownership.
Cash Management & Banking Relationships
- Oversee cash management, treasury, and working capital, including receivables, payables, and inventory investment.
- Develop cash flow forecasts and ensure appropriate liquidity.
- Manage lender reporting, borrowing base requirements, and financial covenant compliance.
- Serve as the primary financial contact for the company's senior lender.
- Support financing activities and capital planning in coordination with ownership.
Executive Leadership & Ownership Reporting
- Work closely with the CEO and senior leadership team to support business strategy and growth initiatives.
- Provide regular financial reporting, forecasts, and updates to ownership and the Board.
- Identify financial risks and recommend strategies to improve business performance.
- Establish financial processes and controls that support a growing organization.
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field.
- 12+ years of progressive finance and accounting experience, including at least 5 years in a CFO, VP of Finance, or Controller role.
- Experience in industrial distribution, manufacturing, oil and gas services, or a related industry.
- Strong understanding of inventory accounting, costing, working capital, and cash flow management.
- Direct experience working with senior lenders, financial covenants, and borrowing base reporting.
- Strong knowledge of U.S. GAAP, internal controls, financial reporting, and audit management.
- Experience developing budgets, forecasts, financial models, and management reporting.
- Demonstrated ability to build, lead, and develop a finance and accounting team.
- Advanced Excel skills and experience with ERP and financial management systems.
Preferred Qualifications
- CPA certification.
- Previous experience with a private equity- or family office-backed company.
- Public accounting experience earlier in career.
- Experience working directly with ownership, a Board of Managers, and senior lenders.
Why Consider This Opportunity?
This is an opportunity to join an established, investment-backed business at an important stage of growth. The CFO will work directly with the CEO and ownership, have a meaningful voice in business decisions, and play a key role in strengthening the company's financial operations and positioning it for continued success.
