What are the responsibilities and job description for the Chief Financial Officer position at More Than A Bakery 360 Inc?
Description
CHIEF FINANCIAL OFFICER
Summary/Objective
The Chief Financial Officer (CFO) is a key strategic leader responsible for shaping and executing the company’s financial and operational strategy with a strong emphasis on financial discipline, liquidity, and capital stewardship. Working in close partnership with ownership, the CFO plays a central role in setting enterprise strategy, evaluating growth opportunities, allocating capital, and ensuring disciplined execution across the organization. This role extends well beyond traditional financial oversight—serving as a trusted thought partner to the CEO, ownership and Executive Leadership Team, actively managing cash flow and working capital, and maintaining strong, transparent relationships with lenders and financial partners to support the company’s long-term objectives and financial resilience.
Essential Functions
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Financial Strategy & Executive Partnership
- Develop and execute financial strategies aligned with the company’s growth, margin, and capital objectives.
- Serve as a trusted strategic partner to the CEO and Executive Leadership Team, providing data-driven insights and recommendations.
- Lead long-range planning, scenario modeling, and enterprise risk assessments.
- Support pricing strategy, customer profitability analysis, and channel expansion decisions.
Financial Planning, Analysis & Reporting
- Oversee annual budgeting, rolling forecasts, and multi-year financial plans.
- Provide profitability analysis by product, customer, route-to-market, and facility.
- Ensure clear, timely, and actionable financial reporting for management and lenders.
Accounting, Controls & Compliance
- Ensure accurate and timely monthly, quarterly, and annual financial statements in accordance with GAAP.
- Maintain strong internal controls, policies, and procedures appropriate for this size organization.
- Oversee tax compliance, audits, and regulatory filings.
Cash Flow, Treasury & Risk Management
- Manage cash flow, liquidity, and working capital with a focus on inventory turns and disciplined receivables management.
- Lead banking relationships, credit facilities, and covenant compliance.
- Develop risk mitigation strategies related to commodity volatility, interest rates, and supply chain disruptions.
Team Leadership, Systems & Process Improvement
- Build, mentor, and lead a high-performing finance and accounting team.
- Drive continuous improvement in ERP, reporting systems, and data analytics capabilities.
- Foster a culture of accountability, collaboration, and financial discipline across the organization.
Manufacturing, Cost & Operational Finance
- Oversee cost accounting systems including standard costing, variance analysis, and inventory valuation (raw materials, WIP, finished goods).
- Partner closely with operations to improve throughput, capacity utilization, yield, and overhead absorption.
- Drive initiatives to reduce COGS, waste, spoilage, and inventory obsolescence in a high-volume manufacturing environment.
Supply Chain & Procurement Finance
- Partner with purchasing and supply chain leaders to manage commodity cost volatility and supplier negotiations.
- Support hedging, pricing, or contractual strategies to mitigate input cost and logistics risk.
- Monitor freight, logistics, and supply chain cost drivers affecting margins.
Capital Planning, M&A & Board Support
- Evaluate and support capital investments including facilities, equipment, automation, and capacity expansion.
- Lead financial due diligence and analysis related to acquisitions, divestitures, or strategic investments.
- Prepare and present board-level financial materials, performance metrics, and strategic analyses.
Competencies
- Financial Management.
- Technical Capacity.
- Communication Proficiency.
- Ethical Conduct.
- Time Management.
- Ability to understand mathematical concepts to effectively analyze statistics regarding internal data such as throughputs, productivity, scrap and percent to goal calculations.
- Strong written, verbal and interpersonal skills are essential.
- Significant experience and skills using Excel.
Supervisory Responsibility
Direct supervision of the accounting/finance team.
Requirements
Required Education and Experience
Bachelor’s degree in Finance, Accounting, or related field; MBA and/or CPA preferred.
10 years of progressive finance leadership experience, including manufacturing or capital-intensive operations.