Group Chief Financial Officer (CFO)
COMPANY:
A private equity-backed multinational holding company of specialty packaging and ingredient manufacturing.
REPORTS/RELATIONSHIPS:
The CFO reports to the Chairman of the Board.
BASIC FUNCTIONS:
The CFO will be responsible for leading all finance and accounting activities of the company and will serve as a key business partner to the Board of Directors, CEO, and the senior management team.
Specific duties will include, but not necessarily be limited to:
- The ideal candidate ensures timely, accurate, and consistent financial reporting, partners with management on product costing and margin improvement, works with management to improve working capital management, is mindful of tax risks and compliance issues, puts systems and people in place to upgrade the finance function, enhances financial efficiency such as cash and debt management, etc. The CFO should be experienced in a high sales growth environment and business process development.
- The CFO manages consolidation of the financial reporting, budgeting, and business forecasts for the global businesses. The company is decentralized, and it has been challenging to get timely information from the various local finance teams. The CFO, therefore, needs to evaluate the organization structure, reporting lines, and professional competencies of the finance and accounting teams in the four offices and develop a more effective function with a more centralized finance function.
- One of the priorities is for the CFO to focus on cost management. The company can achieve higher growth with a better understanding of the costing and profitability of the products.
- The CFO must improve capital expenditure investment decisions and fixed asset management to create value. Tight cash management and working capital management are needed to facilitate business growth and dividend payments.
- The CFO must develop relationships with external stakeholders, such as banks, to provide better facilities. The CFO will also be responsible for optimizing tax planning and implementation.
- The CFO is responsible for the IT function of the group, and he/she must ensure continuous improvement of the IT landscape and digital value creation.
- The CFO will ensure that the updated ERP system is successful, works smoothly, and is further enhanced to serve the business better.
- He/She will be responsible for subsidiaries across multiple geographic locations and will be able to put internal controls and risk management procedures in place to prevent fraud and steer clear of crises.
- The CFO needs to work well with the chairman and CEO as well as the top management team.
REQUIREMENTS:
- Proven experience as CFO or key financial leader, preferably of a growth-oriented private equity-backed manufacturing business.
- As the company is expanding in the North American market, the CFO must have knowledge of local markets and be able to work with colleagues of different nationalities and diverse cultural backgrounds.
- The CFO is the subject matter expert and leader who helps the board and management to make well-informed decisions.
- Strong experience in IT, systems, and infrastructure leadership.
- Experience in working in an unstructured environment and building processes and policies to create a strong foundation for the business to grow.
- Knowledge of manufacturing businesses and capital equipment investment is a must.
- An analytical mind that is comfortable with numbers and data-driven decision making.
- Fluent in spoken and written English.
- Bachelor’s degree required, concentration in accounting or finance preferred; MBA or CPA preferred.
COMPENSATION:
An attractive compensation package including basic salary, performance bonus, and long-term incentives like equity participation will be offered to the right candidate.
CONTACT INFORMATION:
Joy Abbott
[email protected]
704-377-0362