JPS Composite Materials · 3 hours ago
Chief Financial Officer
Anderson, SC
Full-time
Onsite
Director/ExecutiveJPS Composite Materials is a manufacturer of high-performance fabrics servicing various markets, and they are seeking a Chief Financial Officer to join their senior management team. The CFO will provide financial counsel to the President, lead financial reporting and forecasting, and drive profitability and efficiency improvements across the organization.
Advanced MaterialsAerospaceIndustrialManufacturing
Responsibilities
Provide accurate and timely submission of JPS financial reporting and forecasting to Steel Partners
Lead the annual budget process
Provide insight into the business and sound financial analysis for senior management
Identify new profit opportunities within the existing business
Support expansion efforts in existing and new markets; this will come from a combination of organic growth and a robust acquisition strategy
Maintain the financial integrity of the organization with Generally Accepted Accounting Principles (GAAP) and adequate financial controls that are established and maintained in accordance with SARBANES OXLEY and corporate guidance
Help the management team drive the profitability of the business
Drive improvements in efficiency and effectiveness through the development and utilization of system tools and the automation of processes
Develop talent and processes within the JPS finance organization to meet the requirements of the business, changes in accounting standards and strong internal controls
Provide overall strategic direction to the Accounting, Purchasing, IT and Transportation organizations, in conjunction with the respective area manager
Support annual Strategy Deployment Process (SDP) and general business planning by recommending objectives that will result in financial growth and stability while identifying profit and growth opportunities
Lead budget and forecasting process at both corporate and departmental levels. Support Sales & Operations Planning with accurate financial forecasting
Advise on trends and regulations in the financial and general manufacturing industries to ensure effectiveness and compliance
Participate with President in developing overall plans for the direction of the businesses by being a key leader in the SDP
Drive the Steel Partners Business System throughout all areas of responsibility using the Steel Business System tools
Develop and recommend cost containment strategies to improve profitability
Maintain or implement improved internal reporting and information systems to provide best support to division management in making decisions about the business, including budgets, financial reporting, forecasting, and special analysis
Provide strong analysis and communication to senior management on matters related to areas of responsibility
Benchmark financial performance against plan and advise and implement effective strategies to effect change/resolve issues, as necessary
Provide routine forecasting to identify and monitor key business drivers and variances - advising and implementing appropriate action when necessary
Develop and maintain accurate and effective financial statements
Assure compliance with Steel financial policies, procedures, control requirements and reporting systems
Ensure adequate financial controls and all Sarbanes Oxley-related processes are established and maintained. Maintain proper controls over assets including working capital, fixed assets, capital expenditure/justifications approvals, budgets, audits
Coordinate and oversee internal and external audit procedures
Provide efficient, effective basic accounting systems, including general ledger, cost accounting, credit and collection, and accounts payable, payroll
Work with President, relevant operating managers, and SP financial, IT and/or general management to develop information, propose courses of action and implement reporting and control systems to help resolve operating problems
Communicate business trends and material changes in financial performance to JPS and SP senior management on a timely basis
Support SPLP IT initiatives to address opportunities to increase security and effectiveness of software and hardware
Provide transparency to financial performance and controls to Steel Services and SPH leadership
Build a highly technical and efficient Finance organization, which may require the recruitment of new talent
Develop team to meet changing JPS and corporate needs, ensuring timely performance reviews and retention and advancement of key staff
Oversee the operations of the Accounting, IT, Purchasing and Transportation departments, including the design of an organizational structure adequate for achieving each department's goals and objectives
Develop bench strength for key roles in each area of responsibility and build a high-performance team skilled in lean principles
Qualification
Required
Experience in financial management and reporting
Strong understanding of Generally Accepted Accounting Principles (GAAP)
Experience with Sarbanes-Oxley compliance
Proven ability to lead budget and forecasting processes
Experience in strategic planning and business partnership
Ability to provide financial analysis and insights to senior management
Experience in identifying profit opportunities and supporting expansion efforts
Strong leadership skills to develop talent within the finance organization
Experience in driving improvements in efficiency and effectiveness
Ability to maintain financial integrity and controls
Experience in managing internal and external audit procedures
Strong communication skills to convey financial performance and trends
Experience in developing and maintaining financial statements
Ability to coordinate with various departments including Accounting, IT, Purchasing, and Transportation
Experience in building and leading a high-performance finance team
Company
JPS Composite Materials
JPS Composite Materials provides manufacturing services of high-strength composite reinforcement fabrics.
Founded in 1988
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Klaus Meierdierks
Chief Financial Officer
Latanya Dye
HR Business Partner
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