CFO (custom manufacturing)
B. Riley Farber Executive Search
Location
Concord, ON | Canada
Job description
Are you looking for a great opportunity as a CFO to help a multi-generational, family-run business continue to succeed? Do you enjoy working in a fast-paced, inspiring and entrepreneurial environment? Do you possess extensive expertise as a financial leader, particularly in the realm of custom manufacturing? Are you well-versed in job costing and adept at managing inventory? Additionally, do you bring valuable experience in navigating the distinctive dynamics associated with family-run businesses? If so, then you will be very excited about this CFO role.
Our client is a successful, well-established, and privately-owned Canadian industrial company, located just north of Toronto (Concord, ON), and are a leader in their industry vertical. As a custom manufacturer with a rich legacy of crafting bespoke solutions for clients, they continue to grow, respond and change to the needs of their customers. Being highly respected by their employees, their partners and customers, they strive for excellence and satisfaction. Their hands-on approach, from initial consultation to project completion, sets them apart in the industry and dedicated to bringing inspiration and excellence to every project.
With over 50 years of consistent success and sustained growth, the business is thriving and embarking on a new chapter. In line with the growth, our client is actively seeking a CFO to assume a pivotal role in sculpting the financial trajectory of the company. Collaborating closely with the ownership team, the ideal candidate will bring a distinctive amalgamation of financial acumen, strategic foresight, and an in-depth comprehension of custom manufacturing intricacies. Including an adeptness in job costing, and a sincere and humble approach to organizational collaboration. The company is looking for a true business partner – someone to collaborate with and help guide, shape, align, and propel the business toward continued success.
As a seasoned and dynamic CFO poised to integrate into the leadership team, you will hold a pivotal position in charting the financial strategy of the organization. Your role will be instrumental in upholding fiscal responsibility, and your contributions will be integral to the overarching success of the company.
Key responsibilities will include: - Financial Reporting: Oversee the preparation and presentation of financial reports to the executive team and stakeholders, ensuring transparency and accuracy.
- Budgeting and Forecasting: Lead the budgeting process and provide accurate financial forecasts. Monitor and analyze financial performance against budgetary expectations
- Financial Strategy: Develop and implement financial strategies that align with the company's long-term goals and objectives.
- Risk Management: Identify financial risks and implement effective risk management strategies. Provide insights and recommendations to mitigate financial exposures.
- Cash Flow Management: Manage cash flow effectively to support the company's operations and growth initiatives.
- Financial Compliance: Ensure compliance with relevant financial regulations and standards. Stay abreast of changes in financial laws and regulations affecting the industry.
- Collaboration: Collaborate with other departments to align financial strategies with operational objectives. Provide financial insights to support decision-making.
- Team Leadership: Lead and mentor the finance team, fostering a culture of excellence, innovation, and continuous improvement.
- Strategic Partnerships: Collaborate with external partners, financial institutions, and stakeholders to optimize financial opportunities and strengthen business relationships.
What you bring to the table: - Humble Leadership: Possess a humble and approachable leadership style, fostering a collaborative and inclusive work environment. The ability to listen, learn, and engage with team members at all levels is essential.
- Custom Manufacturing Experience: Demonstrate a solid understanding of custom manufacturing processes, preferably within the home/building solutions industry. Experience in navigating the intricacies of bespoke manufacturing and delivering financial strategies that align with the unique challenges of custom production is highly valued.
- Private or Family Business Background: Previous experience working in a private or family-owned business is crucial. Familiarity with the dynamics, priorities, and challenges inherent in such organizations is essential to integrate seamlessly into our family-run company culture.
- Job Costing Expertise: Possess a comprehensive understanding of job costing methodologies. Ability to implement and refine job costing systems to ensure accurate and detailed financial analysis for each project.
- Inventory Management: Demonstrated proficiency in inventory management, optimizing stock levels while minimizing carrying costs. Experience in developing and implementing effective inventory control strategies tailored to the nuances of custom manufacturing.
The skills and qualifications you have for the role: - Bachelor's degree in Finance, Accounting, or a related field; CPA preferred.
- Proven experience as a CFO or a senior financial leadership role, preferably within the industrial manufacturing, custom-home furnishing, construction, or building industries are preferred
- Strong financial acumen with a track record of successful financial strategy development and implementation.
- Exceptional analytical and problem-solving skills.
- Excellent communication and interpersonal abilities.
- Demonstrated leadership experience, with a focus on team development and collaboration.
A CFO with these qualifications will not only contribute to the financial success of the company, but will also resonate with the values of humility, craftsmanship, and familial collaboration which are fundamental within the business.
If you feel like you meet these criteria and are excited about the prospect of leading the financial strategy of a family-run business, we highly encourage you to apply and be a key part of the next generation of the company and legacy of excellence.
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