CFO

Company: Foster Caviness
Location: Colfax
Posted on: August 24, 2024

Job Description:

About Foster:
Having over 120 years of stability and growth, Foster offers a unique opportunity for those that share the same vision that if you put people first, good things will follow. With that vision, we developed our four Core Values of Promoting Trust, Purposeful Collaboration, Positively Impactful and Progressive Action. As a growing supply chain leader in the Mid-Atlantic, we continue to service customers in the perishables and other industries, serve as a 3PL, and continue to find full service solutions utilizing our physical refrigerated sites as well as our vast transportation network. We do this through our Foster brands of Foster Freight, Foster 360, and/or Foster Foodservice divisions, giving you the opportunity to learn and grow as we do.
Who are we looking for?
As we continue on our journey, we are in need of a progressive and visionary Chief Financial Officer (CFO) to lead the financial aspects of our current 10 year plan and beyond. The CFO is a senior member of our executive leadership team who serves as a business partner to the CEO and executive team in the overall management of the company. Reporting to the CEO, this role has the primary responsibility for the planning, implementation, managing and controlling of the accounting, treasury and finance activities, including budgeting, forecasting, strategic/long range business planning and negotiations. The role also includes functional management of the Accounting and Information Technology Departments, as well as corporate administrative oversight, regulatory compliance, external communications, authorization of all legal commitments, real estate management, risk management and general assistance to the Chief Executive Officer.
How you'll help grow the family:
Be a key player, decision-maker and have continual interaction with the CEO/Ownership, executive team, as well as other leadership within the company, as well as external advisors as needed.
Provide strategic analysis and recommendations to the CEO and advise on long-term business, financial and administrative strategies as a key strategic executive team member and company fiduciary.
Be the subject matter expert on company financial matters and key contributor in business discussions, impacts and initiatives.
Create/Direct/Approve policy and processes for AR, Credit/Collections, AP and Fixed Assets.
Manage the processes for financial forecasting and planning, budgets, and oversee the preparation of all financial reporting.
Develop, implement, and maintain accurate, timely and robust systems for financial planning, budgeting, forecasting, reporting and control.
Ensure system output is well-structured, reliable and easily understood.
Monitor and assess on-going performance against company financial objectives.
Oversee the coordination of financial reporting and the proper filing of tax returns.
Actively monitor financial risks and ensure that risk mitigation strategies are in place.
Provide monthly communications and required presentations to the CEO.
Coordination of corporate consolidation in accordance with US GAAP on monthly, quarterly, and annual basis, including annual audit by outside CPA firm.
Manage Treasury, Financing, Cash Management, and Banking relations, including day-to-day operating activities, as well as credit and loan activities and reporting requirements.
Responsibility for the corporate costing methodology. Maintain the standard cost accounting function integrity, including allocation of corporate and plant overhead costs in establishing machine level and product standard costs. Work closely with operations to ensure costs are consistent and appropriate for the business and that they comply with all appropriate accounting standards. Work closely with cost accounting personnel in maintaining accurate product cost standards and the updating of these costs at least annually for the business plan.
Provide leadership, direction and management of the Accounting/Finance and Information Technology teams, including approval of related processes and procedures.
M&A activities, including due diligence, recommendations on purchase negotiations, and acquired entity integration.
Develop and deploy enterprise wide ESG standards.
Establish corporate policy and procedures to ensure regulatory reporting and internal control compliance in all areas of the company.
Review, prepare and negotiate supplier, customer, service provider, and Health, Property and Casualty insurance contracts and related claims.
Establish and develop relations with external professional partners in private and public sectors.
Assist sales executives by reviewing significant customer pricing programs.
Oversee 401(k) Plan advisors and investment options on behalf of participants, as fiduciary of the Plan.
Accountable to ensure that all data and protected information always remains confidential and is available only to those who have a need to know.
Ensure stewardship of financial resources- that they are used wisely while protecting the assets of the corporation, to further the purpose of the corporation and produce benefits commensurate with the size of the expenditure, investment and the level of risk.
Provide retrospective and projected business analysis to gain insight into corporate decisions.
Provide leadership in the corporate strategic planning process and its outcome,
Advise and assist others in their efforts to implement and accept change,
Maintain an example of dedication, commitment, and integrity for all with whom they work.
Responsibility for maintaining a competitive and cost-effective employee benefit program, including 401(k), 401(k) matching, Health& Welfare Insurances, Employee Assistance Program, Flexible Spending Account, Paid Time Off, etc.
Management and involvement in large scale company project s.
What You'll Bring to the Family:
A Bachelors degree in Finance, Accounting, or another relevant field is required; along with an MBA, CPA, or equivalent experience.
Proven experience as CFO, finance officer or relevant role, preferably within a company in the $75M - $100M revenue range.
Proven track record of successfully scaling companies.
In depth knowledge of corporate financial law and risk management practices.
Excellent knowledge of data analysis and forecasting methods.
Ability to strategize and solve problems.
Strong leadership and organizational skills.
Excellent communication and people skills.
Knowledge of MS Excel and financial management software.

Keywords: Foster Caviness, High Point , CFO, Executive , Colfax, North Carolina