CFO/Controller, distribution and manufacturing

General Description

 

Directs the overall financial planning and accounting practices of the Parent company and its U.S. based subsidiaries.  Directly responsible for financial and accounting system and controls and ensures the timely preparation of financial reports and  budgets,Provides top management with analysis of financial performance and recommends changes to improve systems, operations and financial performance. 

 

Responsible for the design, execution and effectiveness of a system of internal monitors and controls which provide reasonable assurance that the Steren Group and its individual business unit operations are effective and efficient, their assets are safeguarded, their financial information is reliable, timely and compliant with applicable laws, regulations, policies and procedures.

 

This position requires a CPA certification and 7 to 10 years of relevant experience.

 

Primary Responsibilities

 Supervise Parent and subsidiary accountants and both exempt and non-exempt accounting staff as well as the Human Resources department manager Oversee and direct daily operation of the Parent and subsidiary financial organizations and recruit, train and evaluate department staffs.Create, coordinate and evaluate the financial programs and supporting information systems of the business units including: budgeting, tax planning, cash management, and conservation of assets.Establish and maintain appropriate internal control safeguardsDirect and coordinate Parent and subsidiary financial planning and budgeting and budget management functions, including financial outlook and financial forecasts.Coordinate the preparation of monthly and annual financial statements for the business units and Group in a timely manner.Monitor and analyze monthly operating results against budget.Individual business unit and Group performance against budget, including analysis of variancePerformance against benchmarks (Industry and past performance based)Analyze cash flow, inventory levels, accounts payable and receivable, cost controls and expenses for each business unit to pinpoint potential weak pointsGenerate financial reports, special analyses, and information reports as required or requested by Corporate and business unit Operating Officers.Improve the visibility of financial and operational information through the creation of daily, weekly and monthly Flash Reports and scheduling and chairing of monthly meetings with Corporate and business unit operating officers to review the financials. Develop and implement finance, accounting, credit, billing and collection procedures and policies.Approve and coordinate changes and improvements in automated financial and MIS systems, . Manage banking relationships and direct and coordinate debt financing and debt servicing payments with external entities.Direct financial audits and provide recommendations for procedural improvements.Prepare financial analysis for business unit contract negotiations, capital equipment purchase and payback and the cost justification for new product development programs.Ensure compliance with local, state and federal budgetary reporting requirements.Oversee and insure timely registration and tax filing in multiple states as required by the business unitsWork with Operating Management, consultants and CPA firm in tax planning, currency hedging, short term investment and other Treasury functions.Evaluate sourcing options including out-sourcing and shared services to reduce the cost of routine functions and services.analyze acquisition and expansion prospects and manage the accumulation of capital to fund expansion.Other duties as assigned.




Skills/ Qualifications

 Master's degree in accounting, finance or business administrationC.P.A. Designation preferred.Strong working knowledge of ERP, database and accounting/reporting systems, JD Edwards One World experience preferred.Eight+ years of experience in financial management in distribution and/or manufacturing businesses.Excellent analytical. organizational and communication skills.