Transcat, Inc. Chief Financial Officer in Rochester, New York
Transcat, Inc. is seeking a Chief Financial Officer to direct and oversee the financial and administrative functions of the organization and serve as a key member of the executive leadership team. Transcat’s corporate offices are in Rochester, NY and this position will report to the President and CEO.
Transcat is a world class employer where ingenuity and excellence are welcome. We are a National leader in Calibration, Validation, and Compliance services in the Life Sciences Sector. For over 50 years, Transcat has been refining our systems and the delivery of specialized services to the Biotechnology, Pharmaceutical, and Medical Device Industries. Through our distribution products segment, Transcat markets and distributes national and proprietary brand instruments to approximately 10,000 global customers. At Transcat, you will be challenged to be innovative and encouraged to apply your talent and knowledge in an environment that values teamwork, integrity, and diversity. Join us now! Your Ingenuity is welcome! (EOE/AA Employer) To learn more about Transcat, visit us at http://www.transcat.com
Roles and Responsibilities include but are not limited to:
Strategy, Planning, and Management
As the CFO, serve as a strategic business partner to the executive leadership team.
Assess, evaluate, and analyze financial performance of the organization regarding long-term operational goals, budgets, and forecasts.
Identify and secure capital and/or debt funding required to establish and grow the organization.
Communicate, engage, and partner with CEO and Executive Leadership Team.
Create and establish yearly financial objectives that align with the company’s strategic goals.
Participate in pivotal decisions as they relate to strategic initiatives and operational models.
Participate in acquisitions and identify potential risks during due diligence phase.
Financial Analysis, Budgeting, and Forecasting
Prepare and present monthly financial budgeting reports including monthly profit and loss, forecast vs. budget, etc.
Review and analyze monthly financial results and provide recommendations.
Identify, develop, and execute analysis of business initiatives and/or new service offerings.
Develop and maintain annual company operating budget.
Prepare required SEC filings in accordance with regulations and ensure compliance in all SEC related matters.
Prepare and develop Proxy materials.
Ensure compliance with Sarbanes Oxley requirements as it relates to FP&A responsibilities
Accounting, General Ledger, Administration, and Operations
Ensure the proper use and functioning of all systems, databases, and financial software.
Review and ensure application of appropriate internal controls, compliance, and financial procedures.
Oversee the preparation and timely filing of all local, state, and federal tax returns.
Oversee the month-end close process, review procedures, and eliminate inefficiencies.
Oversee preparation and communication of monthly, quarterly, and annual financial statements.
Review all month-end closing activities including general ledger accounts, balance sheet accounts, and overhead cost allocation.
Enhance and implement financial and accounting systems, processes, tools, and control systems
Manage cash flow planning process and ensure funds availability.
Explore new investment opportunities and provide recommendations on potential returns and risks.
Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.
Financial Relations and Policies
Engage leadership team to develop short-term and long-term plans, projections, and budgets.
Develop and implement policies, procedures, and processes.
Remain current on audit best practices as well as state, federal, and local laws regarding company operations.
Financial and Administrative Team Management
Mentor, teach, and develop internal infrastructure teams including Finance, Accounting, Human Resources, and Facilities and build an effective and efficient team dynamic.
Minimum of 10 years’ experience in accounting and financial management required, including experience with a publicly held company
Bachelor’s degree in Accounting or Finance required. MBA preferred
Exceptional analytical, reasoning, and problem-solving skills
Demonstrated leadership ability, confidence, and executive presence
Strong written and verbal communication skills.
Transcat, Inc. is committed to equal opportunity for all, without regard to race, religion, color, national origin, citizenship, sex, age, veteran status, disability, genetic information, or any other protected characteristic. Transcat, Inc. will make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodation would impose an undue hardship on the operation of our business.
Street: 35 Vantage Point Dr