Chief Financial Officer

Fives ST Corp actively seeking a Chief Financial Officer to join its teams in Wadsworth, OH.

At Fives, we are all driven by a common calling, to prove that industry can do it! We work together daily to make industry an answer to all of the major technological, environmental, social and economic challenges of our time.

How do we do that? For over 200 years, we've invented and designed the solutions and technologies that substantially and sustainably improve everyone's daily life.

Fives ST Corp., based in Wadsworth, OH, is a member of Fives Group of companies (www.fivesgroup.com) and an international player in Process Engineering, Consultation and Process System Supply. The company specializes in coil finishing lines that include surface treatment systems, as well as reheating furnaces, cold rolling mills, and digital solutions for the metal processing industry all over the world.

It is with you, that industry can do it!

We are currently seeking a Chief Financial Officer who has the same desire to prove that industry can do it!

Essential duties include, but are not limited to the following:

General Accounting and Financial Reporting

• Performing and supervising the monthly balancing of the books and account reviews; preparing monthly financial statements;

• Communication as necessary to answer questions and inform senior management concerning financial performance and business issues;

• Fives financial reporting - ensuring the timely completion and accuracy of Fives BFC monthly/quarterly financial reporting requirements for actual, budget and forecast;

• Supervision of contract accounting, payroll, accounts payable and accounts receivable;

• Sets up procedures relating, among others, to contract accounting & revenue recognition, accounts receivable, accounts payable, expense reports and timekeeping, and makes sure that they are correctly followed;

• Sets up procedures related to intercompany transactions, accounts receivable, accounts payable, expense reports and timekeeping, and makes sure that they are correctly followed and all balances are reconciled

Contract accounting and reporting

• Sets up the internal audit tools to follow contracts (project budgets and estimation of costs to complete) and overhead costs;

• Controls invoicing, considering contractual conditions, and taking care of correct taxation and tax retentions done by customer;

• Controls receipt of payments from customers, including direct contact with customers for follow-up;

• Controls payments to suppliers, considering contractual conditions and taking care of correct tax retentions;

• Identifies potential exchange risks;

• Follows all projects under warranty and their corresponding reserves

• Works in close collaboration with the project management team to understand the state of each project and to guide the company in risk management

• Participate to monthly Project Review meetings

Budgeting and Forecasting

• In coordination with the CEO and senior management team, is responsible to prepare quarterly orders, P&L and cash budgets and forecasts;

Cash management

• Ensures daily cash management and fills in the monthly cash reports within the requested deadlines;

• Controls and issues bank guarantees.

Taxes

• Works with the Fives US Tax Manager providing all the necessary documents to ensure that taxes are filed;

• Ensures timely payment and filing of payroll, sales and other entity administered taxes (CAT) and returns;

Qualifications:

• Bachelor's degree in Accounting, Finance, or Business. CPA or MBA preferred.

• 10+ years of experience in a senior financial managerial position with a proven record of success.

• Extensive experience with ERP systems, specifically SAP Saphir.

• Strong leadership skills, with steadfast resolve and personal integrity.

• Exceptional communication and interpersonal abilities.

• A solid understanding of financial statistics and accounting principles.

• Working knowledge of all statutory legislation and regulations.

• Proficient user of finance software.

• Strong analytical and problem-solving skills.

• Experience in a global or multinational company, preferably in the steel or manufacturing industry.

Why come to Fives?

By becoming part of Fives, you will be joining an international group that will provide you access to numerous opportunities for growth and mobility, in a wide number of fields. We will give you room to learn, grow and develop, both professionally and personally. Indeed, you will be able to benefit from a hybrid work mode, and enjoy a number of other benefits including 401k matching and Wellness program.