Summary:
The CFO is responsible for all financial management aspects of the company operations. This position will also provide leadership and coordination in the administrative, business planning, accounting, and budgeting of the company. Participate as a member of the senior management team by recommending and contributing to the decisions that impact the present and future well-being of the organization.
Essential Duties and Responsibilities:
- Prepare monthly statements of income, balance sheets and cash flow of company.
- Prepare budgets and forecasts in partnership with other members of senior management.
- Analyze cash flow, cost controls and expenses and effectively communicate to managers to identify weak areas.
- Work with the CEO and the board to maintain banking relationships.
- Manage A/P and A/R function.
- Approve credit for new customers.
- Create accurate, relevant, and timely financial reports.
- Create daily, weekly, monthly, and annual reporting as needed to run the business.
- Create analysis tools (KPI’s) to measure and assist in improving sales, COS, operating expenses etc.
- Manage and coordinate Physical Inventory.
- Prepare documentation for annual audit, federal and state tax as state sales tax returns.
- Develop and implement metrics (KPI’s) to assist in management decisions.
- Prepare calculations to support and ensure compliance with all bank lending covenants.
- Participate in weekly, monthly and quarterly meetings as well as Board of Directors meetings.
- Assist in the review and analysis of company insurance policies.
- Work with Human Resources with duties including payroll, company compliance with Federal and State laws and benefits administration.
- Assist in the oversight of IT functions including the current ERP system (Made2Manage) and to manage financial information needed to run the business including but not limited to: inventory, COGS, sales, purchasing, etc.
Qualifications:
- Must have experience and background in accounting with companies in the manufacturing industry.
- Excellent computer skills with a proficiency in the standard Microsoft Office applications.
- Demonstrated strong leadership skills, results driven, and action oriented.
- Effective communicator, both written and oral.
- Works constructively with all employees to achieve desired results (peers, direct reports and other members of the management team).
- Works constructively with vendors and end-users to support company goals and objectives.
- Willing and able to handle difficult situations even if it involves managing conflict.
- Embraces company-wide initiative for continuous improvement and will actively engage in solving problems even outside of primary area of responsibility.
- Makes and owns decisions, even when controversial, and is effective at influencing and encouraging others to take positive action.
- Leads by example; understands the impact and utilizes the power of demonstrated commitment.
- Excels at managing multiple priorities.
- Capable of carrying out tasks at detail level without compromising need for visioning and leadership.
- Must be willing to physically do detail work to deliver accurate, relevant, and timely financial reports and information.
Education and/or Experience:
- B.A. Accounting; CPA preferred, but not required.
- At least 7-10 years work experience in Accounting or Finance.
- Prior experience in manufacturing ERP systems is much preferred.
- Manufacturing experience, preferably in a job shop.
Physical Demands:
- Ability to frequently to sit, stand, talk, and hear.
- Ability to use hands to finger, handle, or touch objects or controls.
- Ability to stand and walk and occasionally stoop, bend, or reach above the shoulders.
- Specific vision abilities to include close and distant vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This position is primarily an office-based position with regular visits to the shop floor. The noise level in the immediate office area is quiet. The shop floor noise is low to moderate.
The above statements reflect the general details necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work that is involved in this position.
- Employee Acknowledgement: Date: