Chief Financial Officer - Houston, United States - Finatal

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.