The Chief Financial Officer of PSF Mechanical will have ultimate responsibility for all accounting and financial activities of the organization and for proactively providing the CEO and other members of the management team with effective advice, counsel, analysis and interpretation of financial and operational performance data that will assist with achieving the Company s mission and living up to its values, while maximizing return to owners.
Specific responsibilities will include:
Strategy
" Providing the overall financial framework for decision making.
" As part of the senior management team, assisting and collaborating in the development of operational, marketing and HR strategies.
" Working closely with the senior leadership team, help to determine the future direction of the Company and its strategic alternatives.
" Working closely and supporting the CEO with financial expertise for decision-making and advice.
" Recommending financing strategy, including asset allocation guideposts.
" Ensuring continual review of capital allocation.
Financing
" Sourcing, structuring and securing creative financings.
" Representing the Company to financial institutions and ensuring the Company has adequate access to debt capital at all times, while maintaining a relatively conservative approach to leverage. Develop positive relationships with all key external financial stakeholders.
Process Improvements
" Continuing to provide enhancements to internal processes and drive greater efficiencies in the operating divisions.
" Continuing to develop financial systems, processes and reports that enable the management team to make more informed business decisions and provide a robust infrastructure in support of future growth.
Oversight
" Managing a finance team that provides thorough, accurate and helpful financial information to the operating divisions as well as one that performs all regulatory reporting requirements.
" Developing and mentoring direct reports to further advance their skills, capabilities and professional development.
" Maintaining integrity of financial statements through the exercise of best accounting practices and application of GAAP, including all appropriate external reporting in compliance with current regulations.
" Overseeing insurance and risk management for the Company.
" Providing leadership and creative thinking around minimizing the Company s tax exposure and overseeing tax functions.
" Overseeing the operating plan and budgeting process.
Acquisitions (PSF is looking to further diversify the business through growth in new markets potentially through acquisition)
" Guiding acquisition activity and ensuring that the proper capital is in place to execute transactions on a timely basis.
" Providing guidance and assistance to the operating divisions in structuring complex transactions as well as specific help when necessary.
" Evaluating and advising on acquisitions and divestitures that support the overall strategic goals.
Search Criteria:
Musts:
1) 10 or more years accounting and finance experience, with at least 3 years in a CFO role in small to mid-sized company.
2) Previous experience in partnering with a President/CEO in tactical and strategic planning.
3) Extensive experience with capital planning, capital sourcing strategies, capital allocation decisions, short and long range cash forecasting and cash management.
4) Exceptional experience in forecasting, sensitivity analysis and forward-looking modeling.
5) Successful experience in developing cost and profitability analysis.
6) Exceptional interpersonal and communications skills to include: strong oral and written skills, presentation skills, the ability to listen actively and the ability to communicate appropriately to a wide variety of internal and external customers (peers, subordinates, bankers, auditors). Must demonstrate the ability to explain sometimes complex data in clear, concise and understandable ways.
7) Experience with and a preference for working productively with front-line manufacturing managers and supporting them with analysis and suggestions for productivity/ profit improvement.
8) Demonstrated excellence at managing, coaching and leading a professional staff in a collaborative, action-oriented environment.
Preferred:
1) Experience with project cost tracking and management a plus. Experience with manufacturing or construction.
2) Previous experience working for a company with activity in multiple states and Canada.
3) Experience working in companies with multiple divisions/profit centers.
4) Exposure to and an understanding of Lean Manufacturing principles.
Company Culture PSF Mechanical proactively works on establishing and maintaining a culture characterized by a premium on doing the right thing for the business, customers and employees. Integrity, advocacy, reliability, and collaboration guide our decision making, while at the same time valuing long-term relationships over short-term profits. The executive team places high value on approaching their business with humility and minimal personal ego.
Initial Expectations:
AFTER 6 MONTHS:
Strategy:
" Understand and assimilate the company vision, how this vision has been translated thus far into a plan of action, and how that plan is being executed at the divisional level.
" Collaborate with divisional leaders to learn their business and assist them in establishing key metrics that will aid in effectively managing their segment of the business.
" Work with the executives of the business to accomplish a complete overhead analysis that will drive improvement to net profit.
" Become familiar with existing forecasting tools, enhance existing tools or develop new ones that improve projection accuracy and cash flow protection.
" Establish productive relationships with banking, bonding, insurance and legal professionals.
" Collaborate with the Service Division to evaluate Spectrum as an appropriate, effective or insufficient tool for the service business.
" Partnering with departmental leaders, evaluate, modify and create an effective forecasting and budgeting procedure.
Operations:
" Visit multiple job sites with PSF business leaders to understand what kind of jobs PSF undertakes,
" Understand the operations and financials on shop production.
" Become familiar with the PSF Mechanical project management process for cost standards, job costing, cost to complete, and the various contract types (ie. Lump-sum, fee, T&M, etc.).
Management:
" Proactively establish a trusting relationship with the management team and be considered a contributing partner in leading the business.
" Establish a positive and trusting relationship with the Controller and accounting team.
AFTER 18 M0NTHS:
Strategy:
" Successfully partnered with the CEO and Executive Team to establish 5-year company goals and execution plan.
" Successfully partnered with the CEO, Executive Team and Divisional Leaders to establish 5 year divisional goals and execution plan that coordinates with overall company goals
" As a result of contributions to planning and execution, company profitability has increased from recent levels of 3% to 6% or greater.
" Has instituted an improved process/system of project tracking and forecasting, and has effectively integrated the system with estimating.
" In partnership with the CEO, has established positive relationships with peer financial leaders at major clients.
" Determine, track and communicate appropriate metrics to members of the leadership team.
Operations:
" Understand the project types well enough to assist division leaders with sales targets designed to reach financial goals.
" Successfully partnered with CEO, executive team and divisional leaders to minimize company financial risk during next construction down cycle.
Behavioral Traits
& Skills:
¢ Someone who is confident but not hard-headed and stubborn.
¢ A person who radiates a calm, centered, respectful and well modulated approach to business, with an ego that drives excellence but not self-aggrandizement.
¢ An honest and thoroughly authentic person whose actions and behaviors comport completely with his/her words.
¢ A person who demonstrates through action and words that he/she is committed to continuous learning and professional improvement, and who inspires others to make similar commitments.
¢ Committed to promoting a positive, forward looking attitude and approach.
¢ Someone who has a high EQ (emotional quotient) and demonstrates a skill and preference for collaboration across divisions and disciplines.
Compensation: A competitive base salary, incentive bonus and comprehensive benefit package will be offered. Relocation expenses provided if necessary.
Corporate Strategies and Development
Seattle, WA
The Chief Financial Officer of PSF Mechanical will have ultimate responsibility for all accounting and financial activities of the organization and for proactively providing the CEO and other members of the management team with effective advice, counsel, analysis and interpretation of financial and operational performance data that will assist with ...
The Chief Financial Officer of PSF Mechanical will have ultimate responsibility for all accounting and financial activities of the organization and for proactively providing the CEO and other members of the management team with effective advice, counsel, analysis and interpretation of financial and operational performance data that will assist with achieving the Company s mission and living up to its values, while maximizing return to owners.
Specific responsibilities will include:
Strategy
" Providing the overall financial framework for decision making.
" As part of the senior management team, assisting and collaborating in the development of operational, marketing and HR strategies.
" Working closely with the senior leadership team, help to determine the future direction of the Company and its strategic alternatives.
" Working closely and supporting the CEO with financial expertise for decision-making and advice.
" Recommending financing strategy, including asset allocation guideposts.
" Ensuring continual review of capital allocation.
Financing
" Sourcing, structuring and securing creative financings.
" Representing the Company to financial institutions and ensuring the Company has adequate access to debt capital at all times, while maintaining a relatively conservative approach to leverage. Develop positive relationships with all key external financial stakeholders.
Process Improvements
" Continuing to provide enhancements to internal processes and drive greater efficiencies in the operating divisions.
" Continuing to develop financial systems, processes and reports that enable the management team to make more informed business decisions and provide a robust infrastructure in support of future growth.
Oversight
" Managing a finance team that provides thorough, accurate and helpful financial information to the operating divisions as well as one that performs all regulatory reporting requirements.
" Developing and mentoring direct reports to further advance their skills, capabilities and professional development.
" Maintaining integrity of financial statements through the exercise of best accounting practices and application of GAAP, including all appropriate external reporting in compliance with current regulations.
" Overseeing insurance and risk management for the Company.
" Providing leadership and creative thinking around minimizing the Company s tax exposure and overseeing tax functions.
" Overseeing the operating plan and budgeting process.
Acquisitions (PSF is looking to further diversify the business through growth in new markets potentially through acquisition)
" Guiding acquisition activity and ensuring that the proper capital is in place to execute transactions on a timely basis.
" Providing guidance and assistance to the operating divisions in structuring complex transactions as well as specific help when necessary.
" Evaluating and advising on acquisitions and divestitures that support the overall strategic goals.
Search Criteria:
Musts:
1) 10 or more years accounting and finance experience, with at least 3 years in a CFO role in small to mid-sized company.
2) Previous experience in partnering with a President/CEO in tactical and strategic planning.
3) Extensive experience with capital planning, capital sourcing strategies, capital allocation decisions, short and long range cash forecasting and cash management.
4) Exceptional experience in forecasting, sensitivity analysis and forward-looking modeling.
5) Successful experience in developing cost and profitability analysis.
6) Exceptional interpersonal and communications skills to include: strong oral and written skills, presentation skills, the ability to listen actively and the ability to communicate appropriately to a wide variety of internal and external customers (peers, subordinates, bankers, auditors). Must demonstrate the ability to explain sometimes complex data in clear, concise and understandable ways.
7) Experience with and a preference for working productively with front-line manufacturing managers and supporting them with analysis and suggestions for productivity/ profit improvement.
8) Demonstrated excellence at managing, coaching and leading a professional staff in a collaborative, action-oriented environment.
Preferred:
1) Experience with project cost tracking and management a plus. Experience with manufacturing or construction.
2) Previous experience working for a company with activity in multiple states and Canada.
3) Experience working in companies with multiple divisions/profit centers.
4) Exposure to and an understanding of Lean Manufacturing principles.
Company Culture PSF Mechanical proactively works on establishing and maintaining a culture characterized by a premium on doing the right thing for the business, customers and employees. Integrity, advocacy, reliability, and collaboration guide our decision making, while at the same time valuing long-term relationships over short-term profits. The executive team places high value on approaching their business with humility and minimal personal ego.
Initial Expectations:
AFTER 6 MONTHS:
Strategy:
" Understand and assimilate the company vision, how this vision has been translated thus far into a plan of action, and how that plan is being executed at the divisional level.
" Collaborate with divisional leaders to learn their business and assist them in establishing key metrics that will aid in effectively managing their segment of the business.
" Work with the executives of the business to accomplish a complete overhead analysis that will drive improvement to net profit.
" Become familiar with existing forecasting tools, enhance existing tools or develop new ones that improve projection accuracy and cash flow protection.
" Establish productive relationships with banking, bonding, insurance and legal professionals.
" Collaborate with the Service Division to evaluate Spectrum as an appropriate, effective or insufficient tool for the service business.
" Partnering with departmental leaders, evaluate, modify and create an effective forecasting and budgeting procedure.
Operations:
" Visit multiple job sites with PSF business leaders to understand what kind of jobs PSF undertakes,
" Understand the operations and financials on shop production.
" Become familiar with the PSF Mechanical project management process for cost standards, job costing, cost to complete, and the various contract types (ie. Lump-sum, fee, T&M, etc.).
Management:
" Proactively establish a trusting relationship with the management team and be considered a contributing partner in leading the business.
" Establish a positive and trusting relationship with the Controller and accounting team.
AFTER 18 M0NTHS:
Strategy:
" Successfully partnered with the CEO and Executive Team to establish 5-year company goals and execution plan.
" Successfully partnered with the CEO, Executive Team and Divisional Leaders to establish 5 year divisional goals and execution plan that coordinates with overall company goals
" As a result of contributions to planning and execution, company profitability has increased from recent levels of 3% to 6% or greater.
" Has instituted an improved process/system of project tracking and forecasting, and has effectively integrated the system with estimating.
" In partnership with the CEO, has established positive relationships with peer financial leaders at major clients.
" Determine, track and communicate appropriate metrics to members of the leadership team.
Operations:
" Understand the project types well enough to assist division leaders with sales targets designed to reach financial goals.
" Successfully partnered with CEO, executive team and divisional leaders to minimize company financial risk during next construction down cycle.
Behavioral Traits
& Skills:
¢ Someone who is confident but not hard-headed and stubborn.
¢ A person who radiates a calm, centered, respectful and well modulated approach to business, with an ego that drives excellence but not self-aggrandizement.
¢ An honest and thoroughly authentic person whose actions and behaviors comport completely with his/her words.
¢ A person who demonstrates through action and words that he/she is committed to continuous learning and professional improvement, and who inspires others to make similar commitments.
¢ Committed to promoting a positive, forward looking attitude and approach.
¢ Someone who has a high EQ (emotional quotient) and demonstrates a skill and preference for collaboration across divisions and disciplines.
Compensation: A competitive base salary, incentive bonus and comprehensive benefit package will be offered. Relocation expenses provided if necessary.