Chief Financial Officer

My client is a Manufacturing firm located in Toledo, Ohio. They were a distressed firm, but is witnessing a turnaround and will be seeking a CFO to help navigate the full recovery. The three industry focus areas are Industrials & Manufacturing, Transportation & Logistics.

 

Role Requirements: 
CFO – operationally oriented senior finance executive with multiple stints as CFO in distressed / turnaround environments. The CFO should be a very strategic CFO with real operational experience and will interface more broadly across an organization and drive operational change.  The CFO should also be comfortable managing stressed organizations, attracting and retaining key talent, have familiarity working in levered environments (high levels of debt), and be metrics / KPI oriented. Industry experience in our sectors is key. Able to manage junior resources and leverage their capabilities is critical as well.

 

Controller – seasoned / capable resource at managing liquidity / treasury functions of a company, comfortable with stressed liquidity environments, familiar with and power user of diverse set of accounting software systems / ERPs, strong financial modeling / forecasting capabilities, can manage accounting / finance team. Industry expertise is less critical here. 

 

Managed companies through challenging operational environments (executed turnarounds with tough market conditions, balance sheet dynamics, challenging stakeholders, etc.). Proven capability to develop a restructuring plan to fix a company, create buy in with other key employees and stakeholders, and drive the company through successful execution of the restructuring plan.

Supervisory Responsibilities:

• Oversees Accounting department, budget preparation, and audit functions.
• Works with other department heads to monitor each department and make recommendations.

 

Duties/Responsibilities:

• Directs the preparation of all financial statements, including income statements, balance sheets, shareholder reports, tax returns, and governmental agency reports.
• Compares sales and profit projections to actual figures and budgeted expenses to actual expenses; makes or oversees any necessary adjustments to future projections and budgets.
• Reviews planning process and suggests improvements to current methods.
• Analyzes operations to identify areas in need of reorganization, downsizing, or elimination.
• Works with the President and other executives to coordinate planning and establish priorities for the planning process.
• Studies long-range economic trends and projects their impact on future growth in sales and market share.
• Identifies opportunities for expansion into new product areas.
• Oversees investment of funds and works with investment bankers to raise additional capital required for expansion.

Required Skills/Abilities:

• Excellent management and supervisory skills.
• Excellent analytical and organizational skills.
• Proficient in database and accounting computer application systems.
• Excellent written and verbal communication skills.

 

Education and Experience:

• Master's degree in Business Administration, Accounting, or Finance required.
• Certified Public Accountant designation preferred.
• Eight to ten years of experience in financial management required.

 

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