Chief Financial Officer (ID:45741)

Our client, Dakotaland Manufacturing (Based in Sioux Falls, SD), has retained Versique to find a dynamic and strategic CFO to join their executive team. The CFO will lead the company's financial strategy during this high-growth phase. In 2023, Dakotaland became a portfolio company of the Vermilion Group, a private equity investment office of Mortenson Companies. Vermilion builds on its companies' foundation, reputation, and legacy, working in partnership to enable great and sustainable business and community outcomes. The company works outside traditional funding cycles and takes a patient, long-term investment approach.

Code: 45741

Posted: 2024-09-06

Category: Executive Leadership

The Chief Financial Officer (CFO) partners with the CEO and executive team in creating strategy and guiding decision-making to advance the business. In this newly created role, the CFO will provide executive oversight for all business's financial functions, including monitoring cash flow, protecting profitability, collaborating with capital partners, and continually assessing the company's financial position against growth objectives. This position leads high-performing Finance and Accounting teams to ensure sound, accurate, and timely reporting.

The ideal candidate is a big-picture operational finance leader with proven success working as a partner to the business and as CEO to drive growth. S/he will be a strategic student of the industry, identifying relevant market trends and building financial preparedness for emerging opportunities and challenges. This person will have a strong grasp of the Accounting and Finance functions and a successful record in hiring and developing high-performing teams.

Roles and Responsibilities:

Advise senior and operational management members on financial priorities, policies, and initiatives.
Develop and direct financial plans from the strategic business plan to enable continued growth and ensure the organization is poised to capitalize on market opportunities.
Maintain executive responsibility for financial operations, including working capital, capital expenditures, debt levels, taxes, budget, and general accounting.
Manage finance and banking, insurance, and shareholder equity relationships.
Manage processes for financial forecasting, budgets, consolidations, planning, and analysis.
Ensure reporting tools are in place to continually monitor results, enhance efficiencies, and provide feedback on strategic initiatives.
Establish and maintain stable cash flow management policies and procedures, ensuring cash resources are available daily.
Set up and oversee all financial and operational controls, internal audit processes, and organizational performance metrics.
Play a lead role in expansion activities, including investments, corporate alliances, and acquisitions.
Prepare, review, and file federal, state, third-party, and other financial reports to ensure compliance with GAAP, SEC, IRS, and other taxing entity and regulatory requirements.
Lead, develop, mentor, and train the existing team.
Hire and develop additional qualified financial professionals motivated to achieve common goals and maintain the organization's highest levels of trust and integrity.
Work closely with production leaders to optimize operational efficiencies and grow their skills in using financial data to guide business decision-making.

Required Skills and Experience:

BS in Accounting or Finance required; CPA or MBA preferred.
20+ years in progressively responsible financial leadership roles
Experience in manufacturing is preferred, ideally to include custom build settings
Demonstrated success as an operational vs. accounting CFO. - Knowledge of and experience in treasury requirements
Proficiency in cash and tax management
Experience working with private equity-backed businesses is preferred
Successful history in managing banking relationships and risk management
Experience with EOS preferred

About Versique:

At Versique, we believe people are more than a resume. People invent, propel, unearth, and build. They transform teams, markets, industries, and bottom lines. People do more than fill an open position. They open greater potential. We're here to help fill your human potential and build your human capacity. The Versique brand represents a powerful combination of "versatile" and "unique," hinting at the concept of "search" in its pronunciation.

In 2023, Versique made the Inc. 5000 list of fastest-growing private companies and the Minneapolis-St. Paul Business Journal's Fast 50 list for fastest-growing private companies in Minnesota. Additionally, for the past four years, Versique has been recognized as a Star Tribune Top Workplace and awarded a Best Place to Work in 2022 by the Minneapolis/St. Paul Business Journal, which speaks to the incredible culture we've fostered.

We believe people are the ultimate business advantage. Let's find your people together. And make the best possible.

Versique is an equal-opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.

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