About Us:
Machine Solutions is the premier provider of advanced equipment and services for the medical device, biopharmaceutical, and blood- and plasma-collection industries. We support our customers’ needs and growth by delivering quality and value through a wide breadth of products. Machine Solutions provides proprietary mechanical solutions to a variety of complex process, testing and device design challenges. Our equipment has become the industry standard for stent crimping, balloon catheter pleating and folding, catheter braiding and medical device manufacturing applications. As a pioneer in radio frequency technology, the company has continued to develop advancing technology for thermal forming, molding and welding plastic for medical manufacturing, biopharmaceutical, and blood- and plasma-processing applications. Our experienced team of engineers has been instrumental in automating manual processes that enable our customers to increase production volumes and profit margins, and we believe in providing a superior customer experience by designating resources to a dedicated aftermarket team that is always ready to provide technical service and process support. Machine Solutions is privately owned by BW Forsyth Partners, a Barry-Wehmiller company.
BW Forsyth Partners is the investment arm of multibillion-dollar global manufacturing and engineering consulting firm Barry-Wehmiller. Established in 2009, BW Forsyth Partners blends Barry-Wehmiller’s unparalleled legacy of value creation and people-centric culture development with keen investing experience to help companies realize their true potential. With a focus limited to areas known well, BW Forsyth Partners seeks to partner with leadership teams to acquire small- to middle-market companies in the capital and component equipment, and professional services sectors. In each of our operating companies, BW Forsyth Partners deploys operational improvements and strategy development without compromising the autonomy, strategic vision and entrepreneurial spirit of their leadership teams.
Job Description:
The Chief Financial Officer (CFO) is a forward-looking executive leader responsible for stewarding the financial health of the organization while enabling growth, operational excellence, and strategic decision-making. Serving as a strategic partner to the CEO and Executive Leadership Team, the CFO provides insight into performance drivers, capital deployment, and value creation.
ESSENTIAL FUNCTIONS & RESPONSIBILITIES
- Oversee the analysis and evaluation of financial results, trends, fluctuations, and ratios that will drive higher levels of financial performance, improvement initiatives, and growth. Assist in analyzing the financial impact of major business decisions and operational issues affecting the organization. Tell the story behind the numbers; determine what is driving current business performance and what is likely to predict future performance.
- Own the annual budget, rolling forecasts, and multiyear financial plans; analyze trends and variances; and provide forward looking financial insights to support strategic decision making.
- Lead the annual external audit; ensure accurate, compliant financial statements; maintain strong internal controls; and serve as primary liaison with auditors
- Manage banking and lending relationships; oversee cash flow and liquidity; negotiate credit facilities and financing arrangements; and ensure sufficient capital to support operations and growth.
- Work collaboratively with the CEO and Executive leadership team to develop the strategic plan to advance the organization’s mission and business objectives.
- Support acquisition decisions through assessment of strategic alignment, assignment of resources, and analysis in targeting and diligence of prospects that leads to developing and executing a comprehensive acquisition and integration plan. Provide leadership of finance integration of acquired businesses, including implementation of processes and systems and accounting implications.
- Develop the budget and pull together the annual EVA plans throughout the platforms to identify and lead global investment decisions and performance improvement plans. Develop and implement the Capital Structure and related financing requirements.
- Provide oversight of accounting, financial reporting and compliance. Steward financial reporting, accuracy and consistency, the development and maintenance of effective internal control systems.
- Responsible for tax, risk management, legal and related areas.
- Help prioritize and quarterback opportunities initiated by the collective team with quantified and verified financial objectives and returns. Lead teams and direct initiatives to optimize business processes, evaluate services, enhance usage of IT systems, leverage IT resources, and drive improved overall financial performance.
- Develop the capabilities of leaders and broader finance, accounting and IT team members and foster a culture with a balance of people and performance. Build teams across functional areas to support growth and performance improvement.
- Focus on continuous improvement, identifying opportunities for synergy and integration.
- Establish credibility throughout the organization, with Forsyth Partners, Barry-Wehmiller leaders and company officers as an effective leader/developer of solutions to business challenges.
- Attend and represent the company at industry events, conferences, etc.
- Travel on a periodic basis to meet the needs of internal customers, external customers and team members throughout the world.
QUALIFICATIONS
- Bachelor’s degree in Finance or Accounting required; MBA and/or CPA preferred.
- 10+ years of progressive finance experience, including significant leadership at the CFO, VP Finance, or divisional finance leader level.
- Experience with long lead-time, engineered to order capital equipment.
- In-depth knowledge of manufacturing financial regulations, cost accounting, and industry-specific financial management best practices.
- Deep understanding of capital-intensive business models and related ROI frameworks.
- Strong communication and leadership skills with the ability to work effectively at all levels and across all organizational lines.
- Demonstrated success driving growth through M&A and capital investment decisions.
- Track record of increasing value in companies and growing businesses/scaling companies.
- Strong executive presence with the ability to communicate complex financial concepts clearly.
- Experience operating in global or international environments is strongly preferred.
WORK ENVIRONMENT
This position is primarily office-based and closely associated with manufacturing operations. The CFO must comply with all safety requirements and PPE usage when present in manufacturing areas.
KEY COMPETENCIES
- Financial Acumen – Interpreting and applying understanding of key financial indicators to make better business decisions.
- Strategic Mindset – Seeing ahead to future possibilities and translating them into breakthrough strategies.
- Builds Effective Teams – Building strong identity teams that apply their diverse skills and perspectives to achieve common goals.
- Drives Results – Consistently achieving results, even under tough circumstances.
- Manages Complexity – Making sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.
- Instills Trust – Gaining the confidence and trust of others through honesty, integrity and authenticity.
- Organizational Savvy – Maneuvering comfortably through complex policy, process and people-related organizational dynamics.
- Develops Talent – Developing people to meet both their career goals and the organization’s goals.
- Collaborates – Building partnerships and working collaboratively with others to meet shared objectives.
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At Barry-Wehmiller we recognize that people come with a wealth of experience and talent beyond just the technical requirements of a job. If your experience is close to what you see listed here, please still consider applying. We know that our differences often can bring about innovation, excellence and meaningful work—therefore, people from all backgrounds are encouraged to apply to our positions. Please let us know if you require reasonable accommodations during the interview process.
Barry-Wehmiller is an equal opportunity employer. M/F/D/V This organization uses E-Verify.
Applicants may be subject to pre-employment screening which may include drug screening, reference checks, employment verifications, background screening and/or skills assessments.
Company:
Machine Solutions, Inc.