- Position: Chief Financial Officer
- Company: Aerospace & Commercial Manufacturing Client
- Location: Phoenix, AZ
- Reporting to: CEO
BSG has commenced an executive search for Chief Financial Officer (CFO) for our client, an aerospace and commercial manufacturing company. This individual will be responsible for the day-to-day administrative, financial and risk management operations of the company.
Opportunity Overview
Chief Financial Officer
THE COMPANY
Our client is a family owned manufacturing company that provides machined component parts of all different types, as well as small assembled components to the Aerospace and commercial industries.Our client was founded in the 1970’s and over the years, has continually evolved its capabilities, members, equipment and facilities to achieve vertical integration and to be a “one stop shop” for its customer base.
Their aerospace centers of excellence and systems support their customer needs around the world. Likewise, their systems also support the need for international supply chain to meet the demands of their industry.
At our client, their members, equipment and systems facilitate the ability to deliver thousands of orders every month at the highest quality, while meeting the expedited delivery needs of their customers when called upon.
At the core of their business is their family/relationship-oriented approach to doing business. They partner with both their customers and vendors through long term contracts and working together as a team on a day to day basis. That same principal is also applied internally, as they believe in building a team first, and friendly work environment for their members. SAFETY is their #1 key to success and it starts with their dedication to their member’s safety and positive work environment.
THE OPPORTUNITY
Reporting to the Chief Executive Officer (CEO), the Chief Financial Officer (CFO) will be responsible for the day-to-day administrative, financial and risk management operations of the company. This includes the development of a financial and operational strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.
It is also expected that the CFO will serve as a strategic advisor and partner to the CEO and company leadership, helping to drive the company’s performance by providing fact-based analysis and strategic financial direction. As an integral member of the Executive Team, the CFO will support the organization in improving sales growth through financial analysis.
Responsibilities:
- Ensure that financial information, analysis and reporting is accurate, timely, reliable and relevant, in order to assist the Board, CEO, and Executive Team in effectively performing their responsibilities.
- Manage financial and business performance by developing appropriate metrics on which to measure the Company’s business, monitoring variances to forecasts, and developing action plans to address variances. Work with operating team to identify and address trends, implement corrective actions and performance improvement actions.
- Participate in monthly review of work in process that is the basis of revenue recognition for the financial statements.
- Monitor capital requests and expenditures to ensure within budget and plan.
- Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate Generally Accepted Accounting Principles and regulatory requirements.
- Maintain internal control safeguards and coordinate all audit activities.
- Ensure that the Company is in continuous compliance with all statutory, regulatory, banking, import, tax, and other external and internal operating, reporting and record keeping requirements to which the company is subject.
- Manage tax statement preparation by CPA for all related companies and shareholders.
- Maintain key relationships with insurance broker, ensuring awareness of all significant business developments and maintenance of appropriate coverage.
- Understand and mitigate key elements of company’s risk profile.
- In conjunction with legal counsel, monitor all open legal issues involving the company and analyze their potential financial impact.
- Maintain key banking relationships, ensuring bank is aware of all significant business developments and partner on strategies to ensure company is adequately funded at all times.
- Analyze and value opportunities to sell or acquire business units. Facilitate due diligence reviews should these transactions proceed beyond initial review, facilitating smooth transition should transaction close.
- Oversee budgeting and the implementation of budgets so as to monitor progress and present financial metrics internally.
- Mentor and develop a small team of finance, accounting, IT and administrative professionals, managing work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic.
- Provide strategic and creative financial advice and leadership on decision making issues affecting the organization (e.g., new business opportunities, alliances, acquisitions).
- Provide assistance to the CEO and Executive Team in the development and execution of operating policies and procedures as needed.
- Support all company initiatives by process and procedure as communicated.
- Other duties as assigned.
Qualifications:
The CFO will be a seasoned and mature leader with at least 8-10+ years of broad finance experience. With a background in FP&A, this individual should have significant experience gathering and evaluating financial information and making actionable recommendations to senior leadership in a privately-held, Private Equity backed environment. The CFO will have experience managing the finance and accounting function (accounting, budgeting, control, and reporting) within a diverse entity. The successful candidate will have the ability to function on a broad-based, strategic level and see the “big picture”, whilst also being hands-on and capable of diving into the details and data when needed.
The CFO will have the following experience and attributes:
- Bachelor’s degree in Finance, Accounting or Business Administration.
- Strong working knowledge of financial planning and analysis, budgeting and forecasting, accounting, risk management, and tax and treasury.
- Advanced Excel and PowerPoint skills.
- Demonstrable passion for driving results.
- Hands-on manager with integrity and a desire to work in a dynamic environment.
- Strong analytical skills and experience interpreting a strategic vision into an operational model.
- Past experience successfully managing additional functions such as IT and administrative.
- An effective communicator at all levels in the organization, with strong oral and written skills and a willingness to share information.
- A collaborative and flexible style, with a strong service mentality.
- Ability to travel occasionally travel (<10% of time).
- Experience and comfort managing banking relationships and external vendors.
- Experience within a private equity-owned business strongly desired.
- CPA strongly desired.
Ideal Candidate Profile
A summary of key competencies required to be successful include the following:
- FUNCTIONAL Experience
- Forecasting
- Cash management (AR/AP)
- Board reporting
- FP&A modeling
- GAAP compliance
- Audit & regulatory management
- Operating and capital budget creation/management
- Lender and bank covenant management
- M & A relationship management (buy & sell-side), diligence, financials and integration impact
- Accounting and monthly close
- Tax
- Financial dashboard creation and management of KPIs
- Vendor Management
- Professional and educational certifications: CPA desired
- INDUSTRY—Manufacturing Industry
- Durable Goods Manufacturing
- Highly engineered parts preferred
- Military as a significant customer preferred
- Durable Goods Manufacturing
- CORPORATE STAGE
- Builder leader and optimizer leader
- Private company experience in career background
- $25-150M+ company revenue experience
- Builder leader and optimizer leader
- MANAGEMENT & LEADERSHIP EXPERIENCE
- Experience reporting to CEO in past
- Experience leading team of 8-10+
- Experience reporting to CEO in past
TEAM
Our client’s staff currently numbers approximately 300 employees, with plans for strategic growth both organic and inorganic in the future. This role will report to the CEO.
COMPENSATION
Compensation is competitive with the position’s requirements. In a performance-based environment, this will include base salary, bonus structure based on corporate qualitative and quantitative strategic KPIs, and a stakeholder opportunity in the company.
To Submit Resume:
