Wednesday, August 5, 2009

Chief Financial Officer - Medical Devices - Indianapolis

A well established manufacturer is seeing a CFO with a strong manufacturing background, cost accounting experience, and strength in developing departmental budgets and driving performance.  Experience in M&A is a plus.

Chief Financial Officer
500 Employee Medical Device Manufacturer
Indianapolis, Indiana

REPORTS TO:   Chief Executive Officer

I  POSITION SUMMARY: This is a full-time position that directs the fiscal functions of the corporation in accordance with generally accepted accounting principles issued by Financial Accounting Standards Board, the London Stock Exchange, International Financial Reporting Standards (IFRS), and other regulatory and advisory organizations in accordance with financial management techniques.  Serves as business partner to the operating board and senior leadership team in setting and achieving long-term goals as well as annual objectives.
•        Monitor and assess business financial performance against annual budget, long-term strategic plan and prior year data.  Develop information packs to provide clear, timely and practical  financial and operational information to senior leadership team and operating board. 
•        Support the CEO in driving a performance culture through the business with accountability for financial performance transferred to the operational management alongside support and the provision of excellent information systems in order to ensure that the cost/revenue owners are aware of performance.
•        Drive a proactive cost culture through the business with systems and behaviours aligned to a constant process and performance improvement.

•        Work seamlessly with the Group CFO and corporate finance function to ensure that group reporting and compliance objectives are met and that the division is an effective part of the Group performance culture
•        Interact with other managers to provide support to planning initiatives.  Be aware of business issues and provide information or tools to support decision making.  Make recommendations on both strategy and operations.  Ensure that early compliance with group requirements does not delay operational effectiveness.
•        Ensure proper administration of all accounts, ledgers and reporting systems, guaranteeing compliance with appropriate principles, regulatory requirements, and audit requirements.  Direct the preparation of all financial reports, including income statements, balance sheets, reports to operating board, tax returns and reports for government agencies.  Maintain internal control safeguards and coordinate all audit activities. 
•        Oversee budgeting and the implementation of budgets, forecasts and long term plans so as to monitor progress and present financial metrics both internally and externally.
•        Develop, implement and maintain methodologies and systems for determining unit cost of products and classifying production costs into wages, material and overhead.
•        Mentor and develop accounting and finance team, managing work allocation, training, problem resolution, performance evaluation and the building of a high-performing customer focused team dynamic. 
•        Participate in merger and acquisition activities to include assessing transaction opportunities, preparing and assessing financial, qualitative and valuation analyses, leading due diligence efforts, and managing post-close merger integration projects. 
•        Ensure records systems are maintained in accordance with generally accepted auditing standards.
•        Produce written documentation in compliance with document control procedures.
•        Follow the Company Non-Disclosure/Confidentiality agreement at all times.
•        Respond to problems, ideas, and solutions presented, in conjunction with corporate needs and policies.
•        Utilizing standard computer equipment/keyboard, perform computer entry functions.
•        Perform verbal communication with various employees and external parties.
•        Achievement of divisional budget operating performance
•        Achievement of divisional budget cash flow
•        Flawless compliance with legislation and avoidance of material control weaknesses

•        Ten to fifteen years experience with progressively greater responsibility in the area of accounting, finance, and/or mergers and acquisitions.  A CPA is preferred.
•        Operational experience – driving cost systems, process improvement and new structures across manufacturing business.
•        Business acumen and strategic thinking, ability to learn all functional areas of the organization as well as their interrelationships; ability to identify business opportunities and minimize limitations
•        Quantitative, analytical skills and proactive business planning capabilities with evidence of having worked as a true business partner to interpret a strategic vision into an operational model.
•        Influencing and interpersonal skills, with a willingness to share information.
•        Capable of supporting a dual reporting line in an open and constructive manner
•        International business experience helpful
•        The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
•        While performing the duties of this job the employee is regularly required to sit; use hands to write and keyboard.
•        The employee is occasionally required to stand; walk and reach with hands and arms.
•        The employee must regularly lift or move up to 10 pounds.
•        Specific vision abilities required by this job include close vision, distance vision, color vision, depth perception and ability to adjust focus.

Base salary and performance bonus commensurate with experience.  Full benefits package includes Major Medical, Life, Dental, and 401K with matching.

A thirty year old, $65+ million manufacturer of thermoplastic products for healthcare applications.  With 500 employees in two locations, the company has retained a family oriented atmosphere.  Over the next decade the company plans to continue its growth through continuous improvement and strategic acquisition.

This company is not using a national corporate recruiting strategy and prefers to focus on the local market with a custom recruiting approach.

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