JOB SUMMARY:
The Chief Financial Officer (CFO) will establish and drive Edesia's financial policies, strategies, and overall financial direction while being a key partner in shaping the organization's strategy, modeling, and financial analysis. The CFO will be responsible for managing effective financial systems that optimize production costs, support scaling operations, and ensure compliance with industry standards. As a senior executive team member, the CFO will contribute to strategic planning, professional development, and representing Edesia externally in financial matters.
RESPONSIBILITIES AND DUTIES:
Financial and Operational Management
- Oversee budget planning and implementation, monitoring financial progress and reporting metrics to both internal stakeholders and external partners.
- Ensure compliance with Generally Accepted Accounting Principles (GAAP) and other financial regulations relevant to food production.
- Manage cash flow forecasting, ensuring alignment with production cycles and capital expenditure needs, while overseeing departmental and project-based accounting.
- Lead preparation and presentation of financial statements, ensuring transparency and accuracy for board members and external stakeholders.
- Oversee audits, ensuring adherence to internal controls and food safety regulations.
- Demonstrates commitment to EEO and Affirmative Action Programs and responsibilities.
Treasury and Risk Management
- Oversee cash flow management to ensure availability of funds for both operational and strategic initiatives, including large capital investments in manufacturing facilities and equipment.
- Lead treasury functions, including cash investments, asset management, and maintaining banking relationships.
- Implement risk management strategies to safeguard financial health in a sector known for fluctuating demand, commodity prices, and supply chain disruptions.
Strategic Financial Leadership
- Partner with the CEO and COO on all strategic and operational issues related to financial performance, offering recommendations informed by financial analysis, industry trends, cost identification, allocation, and revenue/expense forecasting.
- Collaborate in the strategic planning process, serving as a core member of the leadership team.
- Lead long-term financial planning and cost management strategies to ensure alignment with Edesia's mission.
- Work closely with departments to align financial management with operational goals, ensuring continuity of business operations, particularly in production, supply chain, and logistics.
- Provide insight into trends and changes affecting financial performance within the food manufacturing sector, including commodity prices, labor costs, and regulatory compliance.
Compliance and Industry-Specific Financial Oversight
- Ensure all financial and accounting processes meet the specific regulatory requirements of the food manufacturing industry, including compliance with all US, and international food safety standards.
- Monitor costs associated with raw materials, production efficiency, and waste management to optimize profitability.
- Drive improvements in production costing models working alongside the operations team to reduce costs without compromising product quality.
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