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Chief Financial Officer

Company:
Finatal
Location:
Houston, TX
Posted:
April 25, 2024
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Description:

Chief Financial Officer

Manufacturing

Houston, Texas

c.$300,000

JH54176

I am partnered with a mid-market private equity fund who are searching for a best-in-class CFO for one of their growing portfolio companies. The business is a manufacturing business ($50m) in the Oil & Gas space that has recently been carved out from a large public company and now needs an expert CFO to lead the business through the divorce and build a best-in-class finance & accounting function. With 3 years until exit, a strategic CFO is required to work closely with the c-suite, PE house and banks and deploy long term strategic plans through the financial lens.

Responsibilities:

Collaborate with the CEO and executive team to develop long-term financial strategies aligned with the company's vision and objectives.

Manage the ABL.

Lead the annual budgeting and forecasting process, providing insightful financial analysis and identifying opportunities for cost optimization and revenue growth.

Develop and implement financial models to assess investment opportunities, pricing strategies, and potential acquisitions.

Oversee the timely and accurate preparation of financial statements, ensuring compliance with GAAP and other regulatory requirements.

Provide regular financial performance updates to the executive team and private equity investors, highlighting key performance indicators (KPIs) and financial trends.

Conduct in-depth financial analysis, risk assessments, and scenario planning to support strategic decision-making.

Monitor and manage cash flow, working capital, and liquidity to ensure the business's financial stability and to optimize capital allocation.

Establish and maintain relationships with financial institutions to secure financing and banking services that align with the company's needs.

Implement and maintain robust internal financial controls and policies to safeguard company assets and ensure compliance with financial regulations.

Work with the audit and compliance teams to facilitate external audits and ensure adherence to all reporting and regulatory requirements.

Act as the primary liaison with private equity investors, providing financial updates, responding to inquiries, and building strong relationships to instil confidence in the business's financial management.

Lead financial due diligence for potential acquisitions, assessing their financial viability and alignment with the company's growth strategy.

Support M&A transactions, including valuation, negotiation, and integration activities.

Identify and manage financial risks, implementing risk mitigation strategies to protect the business from potential adverse impacts.

Build and lead a high-performing finance team, fostering a culture of collaboration, innovation, and continuous improvement.

Provide guidance, mentorship, and professional development opportunities to team members.

Requirements:

Bachelor's degree in finance, accounting, or a related field. An MBA or advanced degree is a plus.

Experience as CFO in a private equity backed business.

Proven experience as a CFO or senior finance executive in a manufacturing business, preferably with exposure to private equity-backed environments.

Strong financial acumen and strategic thinking skills, with a track record of driving financial performance and contributing to business growth.

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