- Job ID
Cfo job at Zodiac Aerospace in
Description, duties, responsibilities
Plans organizes and directs the Finance Accounting Contracts Administration and Data Processing activities of Engineered Arresting Systems Corporation and takes actions with CEO and his staff to assure achievement of financial goals business objectives and plans.
Annual Sales: $130 million
Annual Payroll: $ 20 million
Employees Supervised: 15
Total Employees: 240
NATURE AND SCOPE:
This position reports to operationally to the President and CEO of the Zodiac Arresting Systems Division and functionally to the Aerosafety branch CFO (located in Paris area France). Reporting to this position are the Controller/General Accounting Manager the Finance Manager for the Logan BU the Manager of Management Information Systems (MIS) and the Director of Contracts Administration and Intellectual Property.
The incumbent’s department contributes to the overall objectives in three areas. The accounting group provides reports analyses and forecasts covering a variety of financial matters which support both fiduciary duties (accounting and reporting in compliance with IFRS and US GAAP for local tax filing) and Planning Budgeting and other forward-looking activities from business cases to arranging letter of credit and other instruments thus serving decision-making throughout the Company. The Management Information Department provides information processing and systems development. The Contracts Administration/IP Department oversees contract negotiation and execution all partnership agreements and administration of Intellectual Property
The CFO’s primary function is to direct the Accounting MIS and Contract activities. In so doing the incumbent is responsible for the integrity of all internal and external financial reporting including but not restricted to forecasts annual budgets long-range plans actual results bid rates and pricing data processing services and systems analysis and contract terms/compliance. The incumbent provides financial policy and direction to the entire Company. This involves the appraisal and interpretation of operating results costs budgets and business plans. The focus throughout is assurance of the achievement of the Company’s financial goals and business plans.
Position Guidelines Page 2 of 4
Position: Chief Financial Officer
The incumbent has designated areas of responsibility for each of the positions reporting directly as listed below:
Responsible for compliance accounting: closing the books cost accounting payroll accounts payable accounts receivable fixed asset records balance sheet profit and loss statements. Prepares budgets forecasts long-range plans and financial statements. Responsible for government accounting activities (bid rates for proposals and pricing) and management of government audits.
Position: Manager Management Information Systems (MIS)
Responsible for the maintenance and operation of ongoing data processing systems information collection and processing to service the entire Company. Also responsible for the analysis and development of new systems to meet the needs of users in all departments. Maintains Company database and coordinates personal computer growth and proliferation throughout the facility.
Position: Director Contract Administration and Intellectual Property
Responsible for oversight of contract negotiation/execution/ITAR Compliance Also responsible for negotiating partnership agreements including Non-Disclosure terms. Also oversees administration of Intellectual Property process.
Significant portions of the CFO’s time is spent advising the ESCO President and CEO on financial issues analyzing budgets cash flow and forecasts interfacing with customers and the Company’s agents on financial issues and the government on pricing and audit matters.
The incumbent’s principal challenge is to ensure the accurate appraisal interpretation and analysis of financial results while providing an accurate explanation and justification of budgets forecasts and long-range plans. The development of creative pricing policies which maximize profit in the context of increased scrutiny and decreased flexibility of government regulatory agencies both within the United States and the various overseas governments presents another substantial area of challenge. Finally the CFO must direct a continuing review of the Company’s accounting practices to ensure their correctness appropriateness and conformance to generally accepted accounting principles (GAAP) Federal Acquisition Regulations (FARs) and the tax laws.
As a member of the Executive Staff the CFO operates within the overall objectives and budgets of the Company. The incumbent receives guidance from Federal Acquisition Regulations Financial Accounting Standards Board the Cost Accounting Standards Board Zodiac auditors and Zodiac Corporate Finance. Within the parameters as set forth by Zodiac Corporate The CFO is given a large amount of autonomy to develop the financial policy and direction of the organization and to
Position Guidelines Page 3 of 4
Position: Chief Financial Officer
make policy related decisions. The successful fulfillment of this position’s responsibilities involves a high degree of self-motivation and self-direction.
The position may also from time to time be required to undertake tasks on behalf of the Parent Zodiac which are not specifically covered by these guidelines.
1. Manage the Finance organization and the finances of the Company to ensure the custody maintenance and safeguard of the Company’s assets.
1. Coordinate the development analysis interpretation and reporting of all financial and pricing information to accurately report financial results and ensure the Company’s compliance with existing government regulations.
3. Provide expert financial input on a variety of subjects and to a wide variety of disciplines to assist in the general business planning and execution of business activities of the Company.
4. Develop creative and flexible pricing policies to result in bid rates and proposals that maximize the Company’s profitability and are allowable under current government regulations.
5. Support the assessment of the financial impact of new product and business development plans to ensure future growth and profitability of the Company.
6. Set guidelines for balance sheet elements and provide reinforcement management across Company as required to ensure that targets are met.
7. Provide Company leadership for awareness of cost improvement opportunities and provide financial data to track progress.
8. Serve as lead financial fiduciary for the profit sharing and 40l(k) plans.
9. Signature responsibilities include all legal and contractual documents requiring the Corporate Seal certification of current costs and other government documents which carry declarations of both personal and/or corporate liability.
10. Establish credit policy and enforce collections. Manage any security risks to zero ones.
Position Guidelines Page 4 of 4
Position: Chief Financial Officer
I. Education or Basic Knowledge Required
+ Required: Bachelors degree in Accounting with CPA certification. Preferred: MBA.
II. Experience Required
+ 10 years or more of successful financial management experience in industrial environment preferably with significant experience w/ government contracting including:
+ Demonstrated experience in leading a quality finance team in terms of process integrity improvement and personnel leadership
+ Demonstrated experience in handling complex financial topics preferably gained as Big 4 auditor
+ Experience and effectiveness in working at management level in reporting and communicating in an international and multicultural environment in operating in multiple countries;
III. Complexity of Duties
+ Ability to detail and execute appropriate financial approach in complex regulatory environment (US GAAP IFRS CAS) with a broad understanding of contractual matters?
+ Above average oral and written communication skills.
+ Evidence of the practice of a high level of confidentiality.
+ Excellent organizational skills.
IV. Responsibility for Errors
+ Errors in accounting compliance could affect the integrity of the Division as well as prove costly to the organization.
+ Untimely reporting could jeopardize various programs for all employees and place the Division in a potentially detrimental financial situation.
V. Responsibility for Relationships With Others
+ Demonstrated ability to serve as a successful participant on the executive leadership team that provides company leadership and direction.
+ Demonstrated ability to interact effectively with the parent company stakeholders.
VI. Type of Supervision
+ Demonstrated ability to lead and develop department staff members.
VII. Extent of Supervision
+ Three direct reports approximately 10 indirect reports.
Equal Employment Opportunity and Affirmative Action Statement
It is the policy of Zodiac Aerospace to provide equal employment opportunity to all individuals regardless of their race color religion sex pregnancy age national origin disability military or veteran status citizenship status genetics or any other characteristic protected by applicable federal state and local laws. We are strongly committed to this policy and believe in the concept and spirit of the law.
Zodiac Aerospace Company Overview
You experience Zodiac Aerospace each time you step aboard an aircraft. You experience Zodiac Aerospace each time you step aboard an aircraft. We design and manufacture products for your comfort and your safety. Our inventions are everywhere: economy, business and first class seats, food & beverage trolleys, oxygen masks, evacuation slides, inflight entertainment systems, VIP interiors, avionics systems (electrical, fuel etc.) and so much more! By joining us, you become part of a world leader in aviation, and provide the travelers of the world with an award winning and safe environment. At Zodiac Aerospace, you will have the opportunity to contribute your talents within a market leader who is constantly evolving toward operational excellence. Whether you work in Asia, Africa, the Americas or Europe, you will find Zodiac Aerospace embodies respect, humility, realism and an entrepreneurship spirit. These values shapes our culture and guide all our actions and decisions. Are you someone who thrives on pioneering change and making a difference? Then be part of the change and join us. We look forward to welcoming you aboard. Zodiac Aerospace, SHARE THE ADVENTURE & SHAPE THE FUTURE.