What are the responsibilities and job description for the CFO position at Advanced Input Systems?
At AIS, we're excited about what the future of the Human Machine eXperience (HMX) offers and are directly influencing this with our diverse portfolio of electro-mechanical assemblies and immersive products across virtual reality, electronic wearables, infection control products, medical & industrial display interfaces and touchscreens.
Job Summary
Partnering with the CEO and the private equity sponsor, the CFO will provide financial leadership to guide the evolution of the Company’s business and support its continued, profitable, rapid growth. They will be a key member of the leadership team, collaborating to develop and implement strategies to drive business and financial results within the Company.
The CFO will support the Company in achieving financial targets that deliver value, while maintaining integrity and a strong internal control environment. They will be equally counted on to drive execution and provide strategic leadership. This executive will also continue to improve the finance function across the company, assessing current practices and partnering with finance and organizational stakeholders to quickly drive improvements in key areas. A champion of organizational excellence, the CFO will develop and govern financial tools, processes, and systems to enable the Company to achieve growth while increasing profitability.
The CFO must provide leadership and judgment in identifying and supporting value creation activities across the enterprise. They will have influence across all operating areas to find opportunities and drive results across the business, ensuring that the business operates with effective controls and processes in place. He/she will drive the financial and operational reporting for the company, as well as the planning and analysis that supports the company’s initiatives and strategies for profitability. They must personally earn the trust and respect of the company’s leadership team and become integrated in the operations. This position will also be a conduit for information between the company and the PE firm.
Primary Responsibilities:
Financial targets and results: Support the CEO and executive team in achieving financial targets that are consistent with private-equity investor’s investment thesis. Drive accountability for financial performance from the CFO seat.
- Increase revenue and organically increase EBITDA in line with Company growth
- Implement tracking to measure progress against targets, monitor ongoing performance, and identify/capture opportunities to course-correct in real time.
- Focus on cash flow generation and drive a cash focus at all levels of the organization.
- Quickly analyze the business, develop actionable priorities to drive performance, translate the priorities into clear next steps and accountabilities for business leaders.
Team Leadership: Support the CEO and work closely with other business and functional leaders in transforming the company into one integrated business with a shared vision and strategy, and promote a culture that embraces collaboration, change, and commercial courage.
- Embrace and support the transformation of the company’s organizational structure and management processes and cascade the vision and strategy to the centralized Finance team.
- Evaluate the current Finance organization and develop an organizational structure and transition plan required. Ensure each direct report has a successor in place.
- Build, lead and develop a small but high-performing direct team of A players
- Set clear priorities and direction then hold team members accountable for delivering on their objectives.
- Strike the right balance between delegation and oversight to keep multiple workstreams moving forward in parallel.
Finance function: Flawlessly deliver on core functional responsibilities, including systems upgrades; accurate, timely, and actionable reporting, forecasting, and FP&A support; and effective cash management. Provide profitability metrics by product and segment and enable and promote data-driven decisions.
- IT: Deliver on the next phase of systems upgrades. Ensure current systems are being tapped to provide all information/reporting possible; implement additional ROI-positive systems upgrades as appropriate.
- Financial reporting: Produce accurate and timely financial statements, including product and segment profitability. Develop an understanding of the drivers of performance vs. simply reporting financials.
- FP&A: Conduct planning and budgeting processes and ensure accurate forecasts. Provide the business with KPIs and analyses to track performance, get out ahead of challenges and opportunities, and make data-driven decisions.
- Treasury and capital structure: Actively manage cash and liquidity. Partner with PE sponsors as needed to support financing activities.
- Regulatory and tax: Ensure clean audits and “bulletproof compliance” (e.g., with FCPA, etc.) with all statutory and tax reporting requirements.
- M&A: Lead financial aspects of the diligence and integration of accretive add-on acquisitions.
Business partnership: Support the CEO and work closely with other business and functional leaders in transforming company into one integrated business with a shared vision and strategy, and promote a culture that embraces collaboration, change, and commercial courage.
- Embrace and support the transformation of the company’s organizational structure and management processes into one integrated business. Operate with a sense of urgency to achieve value creation levers, and effectively prioritize and focus efforts.
- Build productive relationships with business and functional leaders and partner with them to enable and promote data-driven decision making and drive cash flow.
- Bring analytical rigor to evaluating changes to commercial and operational models, investments, and expenditures.
- Define the metrics and leading indicators leaders can use to monitor ongoing performance and get out ahead of issues, opportunities, and challenges.
- Serve as strategic partner working with the CEO in preparing the company for a successful exit
Partner with PE Sponsor: Partner effectively with PE sponsor.
- Align company values with sponsor values.
- Provide ongoing reporting of metrics/KPIs on financial and operational performance as agreed on with PE sponsor. Be able to communicate critical takeaways while also demonstrating a command of relevant detail.
- Think and act like an owner – manage cash flow and capital spending decisions.
- Be forthcoming and transparent with both the good news and the bad. Ensure no surprises.
- Collaborate with the Board in preparing for an eventual exit.
Qualifications
- An undergraduate degree in business, finance, accounting, or related field. MBA preferred.
- At least 15 years of experience at a senior financial level, with substantial management and operational exposure.
- Experience serving as a corporate-level CFO, trusted advisor and strategic partner to a CEO and Board within a global, growth-focused industrial company (manufacturing experience preferred)
- Experience in finance, tax, financial planning, analysis, and reporting, M&A, management information systems, cash management, budgeting, forecasting, project management, and development, implementation, and presentation of related reports and statements.
- Experience building and leading high-performing finance and accounting teams, as well as administrative functions such as IT and legal
- Demonstrated experience helping a company grow and evolve through acquisitions and a financial, operational build-out to support rapid growth and future expansions.
- Experience working in a private equity-backed portfolio company that experienced a successful exit.
- Strong organizational leadership abilities with a willingness to “get hands dirty,” and act as both a player and a coach.
- Ability to excel in a fast-paced environment with a tenacious focus on results.
- Strategic with the ability to apply a solid grasp of finance, accounting, and operational principles in the context of the Company’s structure and business.
- Excellent people and team building skills, and management capabilities.
Advanced Input Systems, AIS, located in Coeur d’Alene, Idaho, is a leading design and manufacturer of Human Machine eXperience (HMX) Products and Solutions for a broad range of markets and applications. Our culture values winning through empowered, innovative, teams that solve problems together to delight our customers. We seek engaged and motivated employees with an entrepreneurial spirit to support the ‘startup-like’ mindset of our mid-sized company. AIS designs and manufactures Standard Products and OEM Custom Solutions consisting of electro-mechanical assemblies in a variety of medical and industrial HMI applications; to more complex immersive HMX products where people are much more integrated with the machines or robots they control in both physical and virtual environments (AR/VR).
Equal Opportunity Employer M/F/Disability/Protected Vet
Please note: this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.