CFO

Our client is a long-standing, US-based manufacturer specializing in a wide variety of inks & coatings. Reporting directly to the President and CEO, this position will be based at corporate headquarters in the greater Los Angeles area. The CFO will oversee the company's financial planning & analysis, tax, insurance, treasury, accounting and control, human resources, and information technology (IT) functions. The CFO will partner with the President and CEO to execute its strategic plan:

Day-to-Day Accounting:

  • Provide hands-on oversight of daily accounting transactions and preparation of monthly accrual basis financial reports, including Balance Sheet, P&L Statement, Cash Flow Statement, general ledger, accounts receivables and payables, fixed assets and depreciation schedules;
  • Reconciliation of all chart of accounts, contra accounts, and journal entry adjustments necessary to lead month-end close for 25+ profit-centers;
  • Oversee A/R collection, monitor unusual payment trends and looming credit risks;
  • Manage semi-monthly A/P check runs; conduct routine cross-checks to ensure accurate disbursements;
  • Approve and sign company checks; authorize outgoing ACH and wires;
  • Perform bank statement reconciliations;

Payroll & Benefits

  • Oversee the in-house processing of bi-weekly payroll (Ceridian HR/Payroll) with corresponding deductions and payments of multi-state payroll taxes, 401(k) contributions, company match, loan repayments, and timely reporting of Form 940 & 941, including DE9, and all other required state filings;
  • Prepare company state-by-state payroll job classifications and related financial records for Worker Compensation audit;
  • Serve as Fiduciary for company 401(k) Plan; responsible for the selection of prudent and diversified investments suitable for company's demographics, benchmark service provider's fees; safeguard the passing of Actual Deferral & Actual Contribution Percentage (ADP & ACP) tests, ensure compliance with ERISA rules, governmental reporting, and ongoing participant disclosures;
  • Design compensation plans and performance-based incentive programs;

Financial Reporting & Management

  • Report and process various county and state use/sales, excise, and property taxes, business licenses and permit fees;
  • Interface with government auditors;
  • Translate financial results into easily understood highlights, including contribution analyses and other ad hoc reports for strategic planning and budgetary discussions;
  • Manage year-end audit/review and income tax compliance with company auditors/CPAs;
  • Nurture ongoing relationship with company CPAs and auditors; provide timely company financials necessary for tax planning and filings;
  • Compile financial data for submission to company CPAs for state, federal, and certain local income tax filings (Form 1120 for corporation, Form 1065 for LLC, multi-state composite tax returns, and K-1s);
  • Manage year-end 401(k) 5500 audit, perform Non-Discrimination Testing (NDT), certify and file appropriate Form 5500 report with Department of Labor (including Form 5500 for health benefit plan);
  • Report required quarterly/annual filings to U.S. Bureau of Labor Statistics, U.S. Department of Commerce, U.S. Census Bureau, and Equal Employment Opportunity Commission;

Systems & Controls

  • Lead department with relevant training with emphasis on establishing controls and delegating appropriate responsibilities;
  • Experienced with ERP software (Microsoft Dynamics 365 / NAV ERP suite and Sage Fix Assets depreciation software);
  • Manage hardware and software systems implementation and integration for all accounting and financial modules;
  • Oversee the ongoing development and maintenance of in-house Enterprise Resource Planning software, technical infrastructure projects, networks, telecommunication systems, disaster recovery systems, and data processes to ensure optimal performance across entire enterprise;
  • Make appropriate systems and program decisions to streamline internal operations

Cash Management

  • Oversee the operation of cash flows and working capital activities, manage financial plans and capital expenditure;
  • Preparation of sales analysis and reporting of costs, inventory, revenues and volume, as well as sales commissions reports for monitoring sales targets;
  • Structure commission programs commensurate to established contribution margin goals and compensation plans;
  • Determine appropriate methods of allocating company product and service costs (direct and indirect labor, general and administrative expenses, variable and semi-fixed costs);
  • Preparation of contribution/profitability analysis by item, by customer, by location, by sales person, by product segmentation;
  • Establish strategic pricing for all product and customer segmentations;
  • Perform net present value (NPV) analyses to ensure proposed business ventures can meet required internal rate of return (IRR);
  • Evaluate all capital expenditures to ensure they meet company's strategic return on invested capital (ROIC) objectives;

Treasury & Credit Relations

  • Establish, build, and maintain relationships with major insurance underwriters and brokers; study company loss-run data and market trends to determine the most cost-efficient ways to protect against potential losses and claims; review and negotiate rates for all general liability, property-casualty, umbrella, EPLI, automobile, worker compensation, medical, dental, vision, and life insurance;
  • Cultivate relationship and maintain open line of communication with bank/banker on a regular basis; provide and review required financial documents, secure and negotiate appropriate lines of credit sufficient for required working capital and longer-term assets;
  • Invest and manage company stock portfolio (consisting of publicly-traded securities).

EXPERIENCE AND QUALIFICATIONS:

The ideal candidate will be a disciplined, respected and effective leader / communicator and senior financial professional with at least 15-20 years of overall experience, including at least one stint as a standalone CFO of a successful company. The successful candidate will combine effective hands-on day-to-day financial management with innate curiosity, insightful strategic thinking, refined analytical competencies and superior management skills.

EDUCATION:

BA / BS in Math, Finance, Accounting, Business Administration or other quantitative discipline is highly preferred. MBA is a plus. CPA is highly preferred.

Published 4 days ago
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