What are the responsibilities and job description for the CFO position at ALCOM LLC?
Company Overview:
A dedicated team has driven ALCOM’s impressive growth and is committed to producing the highest-quality aluminum trailers across every category. From our beginnings with a single flagship facility in Winslow, Maine, we’ve expanded to four manufacturing plants across the country. This strategic growth not only strengthens our dealer network but also creates valuable career opportunities, fosters innovation, and enhances our ability to deliver top-tier products with faster turnaround times and lower freight costs
Our team proudly manufactures 160 standard trailer models, covering a wide range of applications—including cargo, personal watercraft (PWC), horse and livestock, car haulers, snowmobile, landscape and utility, ATV, and motorcycle trailers. We don’t just build trailers; we customize solutions, ensuring our dealers receive open and enclosed models tailored to their customers' needs
At ALCOM, we take pride in what we build and how we build it. Our success is the result of hardworking, skilled employees who share our passion for craftsmanship and innovation.
Lead the annual forecast development and associated communication.
▪ Provide financial direction as part of the modeling process for all business development activities.
▪ Lead the planning process, including capital and asset planning, with the executive team.
▪ Lead and manage other corporate functions as assigned by the CEO, including potentially IT, HR, Legal and Procurement.
Capital & Risk
▪ Ensure access to capital and an optimal capital structure. Advise management on current and future capital structuring and borrowing options.
▪ Manage all treasury operations of the company, including cash flow management, cash forecasting, securing and managing credit, establishing and implementing credit and collection policies, and risk management activities.
▪ Manage the Company’s treasury and cash management functions to optimize cash flow.
▪ Develop and manage outside relationships with investors, commercial banks, law firms, investment bankers, tax advisors, auditors, and other outside service providers appropriate to the financial function.
Protect and preserve the company’s assets
▪ Design, implement and monitor the Company’s system of internal controls.
▪ Work with auditors to ensure that internal controls are adequate to safeguard assets.
▪ Confer with outside auditors on accounting regulations and interpretations of the Company financial practices.
Produce timely and accurate financial statements and disclosures in accordance with GAAP
▪ Capture, summarize, analyze, and report financial results and related disclosures to management, the Board of Directors, and other stakeholders on a timely basis.
▪ Direct and participate in the timely and accurate preparation of all Company financial statements; annual budgets; tax returns; dashboard, benchmark, and related financial/operational performance analyses.
▪ Lead monthly financial review discussions with the management team, VRIP and other investors.
▪ Direct and participate in the preparation of quarterly forecasts and narrative reports, and coordinate and participate in quarterly reviews with investors.
▪ Present quarterly financial results, performance to budget and forecast updates to the board of directors.
Balance capabilities, costs, and service levels to fulfill the finance organization’s responsibilities
▪ Build an effective, strategically sound, financial function for the company with a goal of continuous improvement.
▪ Work with others on the management team to build effective and efficient cross-functional integration.
▪ Provide input to the IT team to improve the quality and efficiency of the Company’s IT operating capabilities.
▪ Maintain an effective finance organization through the evaluation, selection, training, and development of financial and operational personnel.
Regulations & Governance
▪ Monitor regulations and ensure compliance with financial policies and practices are in accordance with federal, state and industry regulations and guidelines.
▪ Manage reporting to the required governance bodies.
▪ Oversee the completion of the annual audit.
▪ Establish internal control mechanisms and proactively manage company financial performance to adhere to all credit policies and debt covenant requirements.
▪ Ensure all administrative and regulatory filings are maintained in good status across all three Alcom-related business entities: the OpCo, HoldCo and InvestCo. Maintain the investor capitalization table and vesting schedules.
Stimulate behaviors across the organization to achieve strategic, financial, and operational objectives
▪ Work closely with CEO and the operating executives to drive the company to superior levels of performance with emphasis on increased profitability, lower operating costs, and cash flow management.
▪ Design and monitor enterprise performance metrics, including manufacturing / operational metrics, to measure success against strategic plans.
▪ Deliver information needed to make after-tax business decisions.
▪ Work closely with the board and investors by providing responsive financial feedback and proactive business insight.
▪ Establish appropriate business controls to engender a “results and accountability focus” in all decision-making across functions and at all levels of the organization.
▪ Influence corporate strategy through financial insight and act as a catalyst to stimulate behaviors across the organization to achieve strategic and financial objectives.
▪ Encourage enterprise-wide adoption of the strategy and execution of the financial strategy.
IDEAL CANDIDATE
▪ The successful candidate should have prior CFO experience in the private sector or a private equity-backed company of engineered, manufactured products that had a track record of consistently strong growth, preferably in a multi-plant organization. Background in the transportation/automotive product industry is not essential but would be considered a plus.
▪ This CFO should have considerable experience operating as a key member of a company’s leadership team and should have engaged in considerable board-level interface with regularity.
▪ Experience managing a major business transaction of scale is also a plus. This may involve a sale or an acquisition of a company whereby the candidate helped to lead aspects of the early analysis, business valuation, buyer/seller engagement, due diligence, financing, and integration. Has served in a position that required skill and gravitas in engaging with external investors and other constituents.
▪ The most suitable candidate will have early finance training in an “academy” corporation, ideally a
branded products business, coupled with subsequent extensive experience in a smaller private company
environment, working collaboratively with management and board-level constituents.
▪ Early experience in public accounting is not necessary, but the right candidate will have demonstrated
sound capability in managing the complete scope of CFO responsibilities, including the technical side of
the role.
▪ Has experience in improving financial systems and processes and has an eye for promoting continuous
improvement in the finance operations, as well as all other areas of the business.
▪ Has served as a CFO in a business with a considerable number of SKUs and markets/channels. Experience in businesses that have both B2B and B2C marketing and sales would be a plus.
INTERPERSONAL AND LEADERSHIP QUALITIES
Most critically, from the standpoint of capability, business acumen and first impression, the ideal CFO possesses exceptional communication skills, both verbal and written, and is adept at delivering presentations to both internal and external audiences. He/she is widely considered as someone deep in business acumen; is an executive with a great business mind. And, relevant to working with others, the CFO exhibits exceptional leadership qualities in developing a performance-driven “winning team” culture. The CFO has experience building and shaping a team; can navigate an organization, build relationships, and promote a healthy culture, while
instilling sensible talent development processes. On a personal level, this is an executive of obvious humility who takes a sleeves rolled-up approach to all aspects of the CFO role, and who demonstrates empathy, high EQ, outstanding character, and unimpeachable integrity.