Vice President Finance

Company: Republic Steel
Location: Canton
Posted on: August 6, 2022

Job Description:

Republic Steel is North America's leading supplier of Specialty Bar Quality (SBQ) steel, which customers utilize in a wide range of products that directly impact lives around the world, including automotive, heavy machinery, agricultural, and defense applications. Every day you or someone you know uses a product built with our steel. We are looking for a talented Quality Assurance Process Engineer that wants to be part of a company and industry that built the modern world.

We're everywhere!

Our steel goes into everything from bicycles and hand tools to bulldozers and automobiles. Odds are you've seen our steel at work!

POSITION BACKGROUND AND SCOPE

As a key member of the Executive Management team, the Vice President of Finance (VP Finance) will report to the COO and assume a strategic role in the overall management of the company. The VP will have primary day-to-day responsibility for planning, implementing, managing and controlling all financial-related activities of the company. This will include direct responsibility for accounting and projections supporting, Finance, forecasting, strategic planning, product/job costing, Legal, deal analysis and negotiations.

The VP will be the primary accounting officer accountable for all corporate financial accounting, including insuring conformity with General Accepted Accounting Principals (GAAP) and generation of financial reports. They will participate in filing of external SEC reporting in compliance with SEC Rules and Regulations. This role will require participation in identification, development and compliance with financial internal controls.This individual will direct and oversee accounting business wide and be a member of the team driving planning and inventory control. In addition, this individual will be accountable for all financial planning and budgeting including establishing and monitoring departmental budgets and financial analysis supporting the long range corporate strategic plan.

OUTCOMES/ PRIMARY RESPONSIBILITIES

* Participate in Corporate Governance and provide Board with financial information, controls, capital structure, audit information, CEO/CFO certifications, section 404 compliance, etc.
* Participate in the development of the corporation's strategic direction/plans and vision. Analyze, recommend and implement strategies such as acquisitions, divestitures, joint ventures, etc. Participate in structuring the business for optimum ROI.
* Devise tax and treasury strategies to minimize cost of capital for the corporation while minimizing tax exposure.
* Establish a capital structure to provide financial flexibility and liquidity for future growth.
* Reduce exposure in accounts receivable and improve payables while maintaining relationships with customers and vendors.
* As a member of the corporate leadership team, enhance or develop, implement, and enforce policies and procedures of the organization that will improve the overall operation and effectiveness of the corporation.
* Provide leadership in the development for the continuous evaluation of short and long-term strategic financial objectives.
* Ensure credibility of Finance group by providing timely and accurate analysis of budgets, financial trends and forecasts.
* Develop an annual business plan and reviews actual versus plan weekly.
* Develop updated projections (monthly, quarterly, and annually) as required.
* Take hands-on lead position of developing, implementing, and maintaining a comprehensive job cost system.
* Direct and manages staff: select, hire, train, coach, evaluate, and assure performance goals are met. Maintain positive employee relations, an atmosphere of teamwork and cross-training and set performance improvement objectives.
* Evaluate and advises on the impact of long range planning, introduction of new programs/ strategies and regulatory action.
* Communicate corporate sales/operational/financial performance to external entities.
* Provide business leadership with advice on the financial implications of business programs activities/actions.
* Manage processes for financial forecasting, budgets and consolidation and reporting.
* Primary responsibility for plant controllers and corporate finance for the purpose of assuring accurate data and forecast data.
* Coordinate and prepares the Company accounting records for quarterly review and annual audit by external auditors. Accountable for accuracy and correctness of company financial data for the purpose of auditors to determine that the Company's financial statements require no material modifications and conform to GAAP.
* Drive/support continuous improvement initiatives.

PERSONAL ATTRIBUTES

* Able to define and align with the company's culture and values; a visible leader as perceived by colleagues
* Champions a culture of accountability, urgency and follow-through
* A professional who demonstrates a "take charge" spirit, moves others to action planning, motivating, organizing and driving an aggressive timeline with the work to be done
* Fosters professional development of subordinates through coaching and feedback on results; shares personal knowledge and experience; moves decisively on performance problems
* Values and capitalizes on diversity of backgrounds and thought processes. Leads by example
* Results oriented
* Demonstrated industry understanding: operations, customers, suppliers, business climate.

REQUIREMENTS

* MBA Preferred and active CPA license is required; at least 15 years of applicable business experience of which 10 must be in a financial leadership role.
* Seasoned executive leadership experience in industry.
* Experience in industrial firms is required. Preferred understanding of metal industries processes and products. Demonstrated industry understanding: operations, customers, suppliers, business climate, etc.
* Ideally experienced in both private and public sectors (with Sarbanes-Oxley compliance).
* Full knowledge FASB, working knowledge of IFRS, basic knowledge of SEC regulations. Ability to interpret rules as they relate to company accounting.
* Experience with, and deployment of, ERPs such as Oracle and SAP is desired.
* A strategic visionary with demonstrated technical skills, analytical ability, good judgment, strong operational focus and creative thinking.
* Ability to navigate through complex financial situations to maximize results.
* Strong systems, process and best practices experience.
* In-depth interpersonal skills: ability to relate to all types of people; foster trust and integrity. Ability to process high volume confidential and accurate information.
* Demonstrated understanding/knowledge of financial modeling and planning, taxes, payroll, and general accounting principles, practices, regulations, and procedures.
* In-depth written and oral communication skills; ability to write, implement, and train policies and procedures; demonstrated listening skills; stand-up presentation skills.
* Decisive with a "big picture" perspective.

PHYSICAL DEMANDS

* Ability to see, communicate, hear and utilize electronic communication devices.
* Office work environment; incumbent occasionally subject to plant working conditions (hazardous, subject to weather and temperature extremes).

Republic Steel is proudly an Equal Opportunity and E-Verify employer

Keywords: Republic Steel, Canton , Vice President Finance, Executive , Canton, Ohio