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Chief Financial Officer

Company: Preston Hunter
Location: Cleveland
Posted on: January 16, 2022

Job Description:

Private equity firm is seeking a CFO for their $55 million manufacturing portfolio company based in Cleveland. This portfolio company has locations in both Ohio and Indiana and designs and manufactures large complex mechanical systems used by other manufacturers in their manufacturing processes. The company is growing fast and is profitable although their growth was impacted in 2021 by the significant increase in material prices. The company has forecasted continued growth over the next two years as they position themselves for a potential sale in the next 2-3 years. The CFO will manage a strong team and have full responsibility for all financial matters for the company, reporting to the CEO. We are looking for a hands-on CFO and the PE firm is requiring that the CFO be very strong in Percentage of Completion Accounting Method, as their products take months to complete and this the key area of managing the company's financials.The CFO will also work closely with the CEO as they develop internal and external strategic plans as well as identify potential bolt-on acquisitions and new market opportunities.Experience guiding the integration of acquisitions that may be on rudimentary accounting systems to the company's ERP system would be helpful. In addition, the CFO must be hands on enough to lead the financial team improving monthly closing procedures and producing GAAP compliant financial statements on a monthly basis.The company will also need the CFO to be strong in cash flow planning, budgeting, and forecasting.Proficiency in ERP systems would be very helpful. (The company runs Epicor)This a great opportunity for a strong equity play that should come to fruition in 2-3 years.

Keywords: Preston Hunter, Cleveland , Chief Financial Officer, Accounting, Auditing , Cleveland, Ohio

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