The Position:
Recognized by Canadian Manufacturers and Exporters Elmer’s Manufacturing celebrated the Export Award in 2023 for their outstanding excellence in expansion numerically and geographically. At Elmer’s, they’ve been equipping farmers with innovative solutions for over 40 years. Owning and operating their own farm they understand what farmers need and want out of their products and company. They strive to provide customers with products that will effectively handle even the toughest environments. Harvest after harvest, their mission is to produce world-class farm equipment for the needs of the progressive farmer.
On their behalf, Summit Search Group is currently recruiting their next Chief Financial Officer (CFO). A member of the leadership team, the CFO will be responsible for overseeing all financial activities and strategies for our client and their affiliated companies. You will use your strong breadth of operational experience in a manufacturing environment as it relates to financial systems, accounting, financial forecasting, treasury management, taxation, risk management and corporate development to provide vision and strategic direction to continue the profitable growth of the company.
Responsibilities:
- Develop and execute financial planning strategies to meet the company’s short-term and long-term financial goals. This involves analyzing financial data, forecasting future financial performance, and providing strategic recommendations to the CEO and senior leadership.
- Develop efficient systems and tools to proactively coordinate accurate and timely financial reporting, including key financial and operational metrics, developing a sound understanding of overall business operations.
- Identify and mitigate financial risks by implementing effective internal controls, financial policies, and procedures. Monitor market trends, economic indicators, and industry developments to anticipate potential risks and opportunities.
- Manage the company’s capital structure, including debt and equity financing, to optimize the cost of capital and support business growth initiatives. Evaluate investment opportunities, mergers, acquisitions, and divestitures to maximize shareholder value.
- Lead the annual operating budget process and rolling monthly forecasting activities to allocate resources efficiently and achieve financial targets. Monitor variances between actual and budgeted performance and take corrective actions as needed.
- Work with the CEO to develop long-term financial plans, including capacity plans, capital needs and business acquisition strategies.
- Maintain optimal cash flow levels to support daily operations, investment activities, and debt service obligations. Develop weekly cash flow forecasts and liquidity management strategies to ensure the company’s financial stability and solvency.
- Evaluate and implement efficient, effective processes and supporting systems to streamline financial processes, improve data accuracy, and enhance decision-making capabilities.
- Serve as a primary liaison with the CEO, auditors, and financial institutions to communicate the company’s financial performance, strategies, and objectives.
Qualifications:
- 10+ years’ experience in a financial management role, with progressively increasing levels of responsibility.
- Previous experience working at a multi-million-dollar revenue manufacturing company.
- CPA Designation is required.
- Strong analytical skills and financial acumen to interpret complex financial data, assess financial performance, and develop actionable insights and recommendations.
- Proven leadership abilities with the capacity to lead and motivate cross-functional teams, drive change initiatives, and foster a culture of accountability and excellence.
- Strategic thinking and vision to align financial goals with broader business objectives, anticipate market trends, and capitalize on emerging opportunities.
Their facility is conveniently situated near Altona, MB – 36km east of Winkler, and only 100km south of Winnipeg. Altona is an attractive, caring, and progressive community with abundant cultural, recreational, and educational opportunities for all ages. With amenities and opportunities that rival much larger municipalities, there’s no better place to be.
Interested candidates should apply in confidence to Gail Eckert – Director, Recruitment at Summit Search Group by emailing [email protected]
Summit Search Group has a strong commitment to Diversity, Equality, and Inclusion. We strive for continuous development, modeling, inclusive behaviors and proactively managing bias throughout our process.
