Chief Financial Officer

Company: Earthlite
Location: Vista
Posted on: January 15, 2022

Job Description:

Earthlite LLC Chief Financial Officer
Position Description
About Earthlite
Headquartered in Vista CA, Earthlite is a dynamic, forward thinking global product manufacturing leader in the spa, massage, and pedicure segments of the $3.7 trillion wellness industry. Our diverse, award-winning product line is manufactured to the highest quality standards. Earthlite products can be found in the finest spas and health facilities in over 120 countries worldwide. We are looking for a sophisticated, dynamic, "roll-up-the-sleeves" type CFO with extensive experience in manufacturing to drive our financial performance and lead critical functions of our organization.

Duties And Responsibilities

Develops and executes an optimized financial strategy for the Company, in alignment with business objectives.
Provides both budget and business forecasts in support of Company growth plans.
Collaborates with other executives to execute on the annual business planning process.
Provides advice and guidance to business leaders regarding financial strategies of business operations and planning.
Develops and utilizes pro-forma modeling and forecasting tools to provide insight into Company operations, business plans, and initiatives.
Ensures proper tools, metrics, policies and procedures are in place to facilitate achievement of financial strategy.
Oversees analysis of Company operations to identify cost savings opportunities. Proposes initiatives that promote efficiency and/or effectiveness.
Oversees the Human Resource and Information Technology functions, and leads the Company's efforts in such areas as information security, data and digital transformation.

Ensures timely and accurate budgeting and financial analysis is conducted and provides statutory, GAAP and tax reporting for all units across the Company.
Oversees all accounts, ledgers and reporting systems, ensuring compliance with GAAP, Statutory Accounting Principles and FASB rules.
Leads the Company's annual budgeting and planning process and ensures that proper periodic review and reporting is conducted in the business units.
Provides regular reporting to the Company Board of Directors, Lender, and CEO and provides expertise in interpretation and analysis of results.
Develops and maintains capital budget.
Maintains internal control safeguards and coordinates all audit activities.
Oversees all tax liability ensuring that returns are filed completely, accurately and timely and all tax obligations are properly managed.
Ensures regulatory and legal compliance for all finance, human resources, information technology, and accounting functions.

Directs Corporate Treasury activities with consideration for risk and liquidity.
Oversees the capital structure including the ratio of debt, equity and overall balance sheet structure.
Manages the organization's cash position ensuring a reliable cash flow projection process and proper reporting and controls are in place. and cash is available as needed and maximized.
Maintains positive relationships with banking and other financial vendors and initiates proper strategies to enhance cash positions.

Develops and leads Finance team and manages the Finance Department in its daily operations.
Provides day to day, hands-on direction to approximately 10 direct Finance, Information Technology, and Human Resources Departments reports, including China.
Establishes and maintains the overall work cadence, ensuring excellence in delivery and customer experience. Promotes team engagement, encouraging development, recognition and retention of staff.
Establishes and holds managers accountable to hiring criteria, on-boarding and training requirements for incoming staff.
Oversees the performance management and development process for the department.
Acts as a resource for Finance leaders and team members to answer questions and solve complex problems.
Manages department budget, technology and other resources, workload and customer requests for Finance, IT, and HR. Ensures adherence to all Company policies and procedures and compliance responsibilities.

Oversees the investment and other financial activities of the Company
Leads the Company's M&A activities, in coordination with Company's private equity partner, including target identification, financial modeling, and legal and financial due diligence.
Works with private equity partner and financial institutions to raise capital as required for expansion.

Serves as a Leader and Role Model in the Company
Develops a strong fiscal framework and infrastructure for disciplined execution.
Champions fiscal responsibility and promotes financial discipline across the Company.
Communicates Mission, Values and other organization operating principles to direct and indirect reports.
Provides leadership and/or sponsorship for cross-company projects and initiatives.

Education And Experience
Undergraduate degree in finance or accounting with a CPA (preferably with MBA) required.
Extensive background in manufacturing and international operations strongly preferred.
An accomplished manufacturing finance professional with a career demonstrating increasing responsibility as a senior financial leader, typically with 15 or more years of relevant experience. Highly effective in strategic development, controls and systems, corporate finance, and treasury activities.
Solid working knowledge of statutory accounting rules, GAAP and other legal requirements (e.g., FASB, IRS, etc.) as they pertain to manufacturing and international manufacturing operations. Strong background in industrial cost accounting.
Demonstrated leadership ability at the senior level in an organization with strong sense of urgency and drive. Successful track record of executing on major initiatives and as a major contributor to the senior management team of the Company.

Knowledge And Skills
Highly developed financial skill sets in the areas of financial analysis, budgeting and forecasting, as well as financial systems and reporting.
Extensive working knowledge of Microsoft Dynamics GP, and/or other ERP applications is a must.
Strong mastery of cost accounting, international operations, intercompany transactions, and foreign currency issues.
Highly credible and effective people manager and organizational champion, with strong collaboration skills.
Excellent communication and presentation skills, combined with outstanding interpersonal skills.
Must demonstrate a strong sense of integrity and commitment to ethical behavior and be able to hold others accountable to those standards.

Compensation
Earthlite offers this position competitive compensation including base salary, an executive performance bonus plan, medical, dental, and 401k benefit plans, and equity incentive options.

Location & Travel
This full-time position is located at Earthlite's Vista, California headquarters. A modest amount of travel is required, including travel to the Company's China and Illinois operations.

Keywords: Earthlite, Vista , Chief Financial Officer, Accounting, Auditing , Vista, California