ABOUT THE ORGANIZATION:
Edesia is a nonprofit, social enterprise on a mission to end malnutrition globally. Since we opened our doors in 2010, we have reached over 24 million children across 62 countries with the life-saving foods we make here in Rhode Island in partnership with UNICEF, World Food Programme, and USAID. Our dedicated team of over 150 hails from over 26 countries. Every day we work together to reach children caught in humanitarian crises worldwide and need mission-driven, energetic, passionate problem solvers to join our team.
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.
QUALIFICATIONS:
- A minimum of 10 years of broad financial management experience, with at least 3 years in a CFO-level role in a food manufacturing or similarly complex industry.
- Proven track record in managing finance (accounting, budgeting, control, and reporting), particularly within $100MM+ manufacturing environments.
- Bachelor's degree in Finance, Accounting, or a related field; CPA/CMA required, MBA is a plus.
- Hands-on experience in cost accounting, supply chain finance, and capital expenditure analysis, ideally within the food production space.
- A collaborative, proactive leader with the ability to communicate financial insights and influence operational decisions.
- Commitment to Edesia’s mission of improving nutrition, with experience in nonprofit or social enterprises preferred.
WORKING CONDITIONS:
- General office environment. High utilization of office equipment, phone, computer, etc.
The requirements described are representative of those that must be met to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.
#J-18808-Ljbffr
