CFO

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CFO

Gooseneck Implement

icon Minot, ND, US, 58701

iconFull Time

icon7 November 2024

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Department: Accounting
Reports to:    CEO
Supervises:   Controller, Director of Risk Management

Purpose:

The CFO plays a pivotal role in ensuring the financial health and sustainability of the business, making sound financial decisions, supporting the overall strategic direction of the organization. The CFO is responsible for overseeing all financial activities, managing financial risks, and providing financial leadership to support the organization's growth and profitability. This role involves strategic financial planning, budgeting, financial analysis, and compliance with financial regulations.

Responsibilities:

  • Manages financial aspects of the business including finding and managing all lines of credit and making recommendations to appropriate level of management.
  • Supervises investment of funds and manages cash flow. May work with banks and/or investment banks to raise capital as required for immediate operational needs and/or expansion.
  • Meets regularly with each department to keep them informed and to offer guidance/counsel.
  • Forecasts requirements for capital, land, buildings, and changes in the work force
  • Studies long-range economic trends and evaluates company prospects for future growth in overall sales through mergers/acquisitions and other expansion opportunities.
  • Directs the preparation of all financial reports including income statements, balance sheets, reports to stakeholders, tax returns, and reports for governmental regulatory agencies.
  • Reviews reports to analyze projections of sales and profit against actual figures, reviews budgeted expenses against actual totals, and suggests methods of improving the budget planning process as appropriate.
  • Analyzes company operations to identify opportunities and areas that need to be reorganized, down-sized, or eliminated.
  • Oversees the Accounting Department, budget preparation, and audit functions.
  • Assists with recruiting and employee development activities for the Accounting Department

Experience, Education, Skills and Knowledge:

  • Bachelor's degree in finance, accounting, or a related field (master’s degree, CPA, or CMA required).
  • Extensive experience in financial management, with a minimum of 7+ years in a leadership role.
  • Proficient with financial concepts such as budgets, Return on investment (ROI), Discounted Cash Flow (DCF), and Net Operating Return on Assets (NORA).
  • Knowledge of financial principles required for budgeting and strategic planning.
  • Understands the integrated systems of internal control and the relationships to disclosure and financial reporting.
  • Knowledge of the agricultural industry and dealership operations is a plus.
  • Strong analytical and problem-solving skills.
  • Excellent communication and leadership abilities.
  • Proficiency in financial software and systems.