Chief Financial Officer (CFO)
$500M Industrial Manufacturing Company | Northwest Austin, TX
Position Summary
The Chief Financial Officer (CFO) directs the financial management of a $500M industrial manufacturing company located in Northwest Austin, Texas, and its related entities, with responsibility for treasury, cash flow, working capital, banking and surety relationships, accounting, financial reporting, and financial controls. The CFO ensures adequate liquidity to support operations and growth, optimizes working capital, manages financing and bonding capacity, and maintains visibility into financial performance and risk.
The CFO oversees financial operations across manufacturing, fabrication, construction, and government contracting, including project accounting, cost controls, inventory management, and profitability analysis. The role also provides executive oversight of ERP strategy and IT operations.
Key Responsibilities
Treasury and Working Capital
- Manage cash flow, liquidity, treasury operations, and short- and long-term cash forecasting.
- Manage banking relationships, credit facilities, financing arrangements, and lender reporting.
- Optimize working capital through effective management of receivables, payables, inventory, collections, and vendor terms.
- Monitor cash requirements, funding needs, and financial commitments associated with large contracts and business growth.
- Manage the company's surety and bonding relationships, bonding capacity, and financial reporting required to support contract pursuits and execution.
Accounting and Financial Reporting
- Lead accounting, financial reporting, tax, payroll, and related financial administration across the company's entities.
- Oversee monthly close, financial statements, account reconciliations, and consolidated reporting, as applicable.
- Maintain GAAP-compliant accounting policies, internal controls, and financial procedures.
- Coordinate audits, tax compliance, and external financial reporting requirements.
Project and Manufacturing Finance
- Oversee project accounting, job costing, WIP reporting, percentage-of-completion accounting, and cost-to-complete forecasts.
- Monitor project billing, collections, retainage, contract cash flow, and profitability.
- Oversee manufacturing cost accounting, inventory valuation, work in process, and cost-of-goods-sold reporting.
- Maintain effective controls over purchasing, receiving, inventory, material usage, and work-order closeout.
- Partner with operations, procurement, and project management to improve cost control, margins, inventory turnover, and cash conversion.
Financial Planning and Business Support
- Provide financial analysis and recommendations to executive leadership on operating performance, pricing, capital allocation, and strategic opportunities.
- Monitor financial results, cash flow, working capital, profitability, and key performance indicators.
- Evaluate major contracts, capital expenditures, financing needs, and potential acquisitions.
- Identify opportunities to improve profitability, preserve cash, and strengthen financial controls.
ERP and IT Oversight
- Direct ERP strategy, system improvements, and integration across related entities.
- Oversee IT infrastructure, cybersecurity, business continuity, technology vendors, and IT spending.
- Ensure financial and operational systems provide reliable information and support accounting, manufacturing, inventory, and project management.
Insurance and Leadership
- Oversee company insurance programs, evaluating coverage, premiums, claims, and financial exposure.
- Lead and develop the finance and accounting team and establish consistent policies, procedures, and accountability.
- Partner with executive leadership and operating managers to resolve financial and operational issues and support profitable growth.
Qualifications
- 10+ years of progressive financial leadership experience, preferably in manufacturing, construction, government contracting, or industrial businesses.
- Strong experience in treasury, cash flow, working capital, banking, credit facilities, and surety relationships.
- Thorough knowledge of GAAP, financial reporting, internal controls, and accounting operations.
- Experience with manufacturing cost accounting, inventory management, job costing, WIP, and percentage-of-completion accounting.
- Experience managing multiple entities and complex project-based operations.
- Proven ERP leadership and experience overseeing IT operations, cybersecurity, and systems integration.
- Strong analytical, communication, leadership, and problem-solving skills.
- CPA preferred; MBA a plus.
- Government contracting and rapid-growth business experience preferred.
Leadership Characteristics
- Strong financial judgment and understanding of liquidity, working capital, and capital requirements.
- Hands-on, analytical, and accountable, with attention to detail and business priorities.
- Proactive in identifying financial risks, improving controls, and resolving operational issues.
- Effective at working across executive leadership, manufacturing, procurement, project management, and field operations.
