Chief Financial Officer - Leading Packaging Company 
Location: US, TX, Houston
Employment type: Full-time
Required experience: Executive
Required education: Bachelor's Degree
Industry: Packaging and Containers
Function: Finance
Company profile: ABOUT VERTO Verto Partners is a premier corporate performance acceleration firm that works with middle market companies - between $10M to $1B in revenue - across 28 industry sectors. Verto works with or on behalf of management, Boards of Directors, or investors to effect transformative changes in companies facing challenges such as high growth, stagnant performance, or decline. Verto's services include strategy, operations transformation, interim management, deal support, business development, capitalization, and human capital.   #URL_c9847e5a3b1d35edc0cb45391a3165ba47e17069e405f17eb811877ac37227a7#
Description: Verto Partners has been retained by one of our clients, a $300M, family-owned packaging company, to assist in finding a highly capable, dynamic Chief Financial Officer (CFO).  The CFO will oversee all aspects of the client’s accounting functions, while designing and coordinating a wide range of financial reporting.  The CFO role is additionally accountable for strategic planning disciplines and active management of the client’s aggressive growth as a member of the Executive Management Team.  The CFO is a direct report to the President.  The ideal candidate is currently a technical CFO or a very strong Controller of a larger organization in the packaging industry.Our client is an American success story, built from scratch over several decades into one of the sector-leading manufacturers of many of the products it produces.
Requirements: Responsibilities of the Role – The CFO will be responsible for overseeing all aspects of the Company’s Accounting function, including general accounting, financials, treasury management, and cost control, to include monitoring ongoing expense reporting and budgeting by department.  In addition, the CFO will supervise the A/R, A/P, and Payroll functions of the Company.  The CFO will also, in a timely manner, develop, prepare, validate, and deliver accurate and comprehensive financial and statistical reports.  The CFO will work closely with Sales & Marketing to ensure adequate profit margins and will work closely with Production in the control of costs and inventory, taking an aggressive and authoritative posture in these domains as necessary to ensure financial responsibility of selling activities.  Additionally, the CFO will ensure that the Company maintains tax compliance and takes advantage of tax credits.  Furthermore, the CFO will aggressively manage cash flow while coordinating financing activities with banks and other external agents.  Finally, the CFO will actively work to maximize the return on all Company assets and the Company’s investment portfolio.Requisite Capabilities, Credentials, and Characteristics – First and foremost, the CFO must have in-depth expertise in Cost Analysis/Management and manufacturing, followed closely by experience in the packaging industry.  Although not essential, ideally the CFO will also be conversant in/familiar with the Radius ERP system.  In addition, the CFO must be extremely analytical.  S/he must have held IT management reporting responsibility and must possess extensive reporting experience in a corporate finance setting – preferably at least once in a leading packaging company – with the proven ability to develop and adapt meaningful metrics to capture all performance aspects of the business.  The CFO will have experience developing forecasting models and will have experience-tested aptitude for strategic planning.  The CFO must be a strong advocate for process improvement and will be able to cite specific examples of achievements validating this capability.  Finally, while possessing a MBA and/or CPA is preferred, the CFO must have at least a bachelor’s degree with at least 15 years of experience in corporate finance.Special consideration will be afforded those candidates who, in addition to the essential capabilities noted above, also have exposure to commodity hedging practices, advanced treasury cash management strategies, and tax minimization strategies and that have demonstrably employed these practices with success.The CFO must carry her/himself with a collegial and collaborative style of working with other Executive Team members, must be able to be firm where appropriate, and must be comfortable reporting to and working with the President in Owner/President-structured companies.Finally, this is a family-owned business that takes pride in its winning culture and dedicated team.  The CFO would be a key leader and cross-functional team builder in this environment.  As such, it is important to embrace the management principles on which the Company was founded.  This has been an important part of the Company’s competitive advantage.
Benefits: Compensation – The position will provide a base salary in the range of $200,000.  Additionally, the position will pay a bonus, subject to performance against annual incentive plan criteria to be developed in conjunction with the President.  A strong package of standard benefits will be provided, including health care coverage.  Location – The position is based in the Houston metropolitan area.  While preference will be given to qualified local candidates, well-qualified candidates possessing strong credentials will be considered from across the continental United States.  Relocation assistance will be offered to a successful candidate who is presently located outside the local area, and such a candidate will be expected to relocate upon starting in the role.
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