78237 - Cheif Financial Officer

Employer: TMEIC
Job Location: Roanoke, Virginia
Category: Engineering/Electrical/Mechanical
Employment Type: Full Time
Last Updated: 3/13/2019
Closing Date: 3/29/2019
TMEIC Corporation, headquartered in Roanoke, VA, designs, develops and engineers advanced automation, large AC and DC motors, photovoltaic inverters and variable frequency drive systems. TMEIC Corporation specializes in the Renewable Energy, Metals, Material Handling, Oil & Gas, Mining, Testing and other industrial markets worldwide. We drive industry. https://www.tmeic.com/

Job Description  
TrueNorth Executive Search, Inc. is our sole recruitment source for this position. 
To be considered an applicant for this position, email your resume to tnesapplications@truenorthsearch.com and include the position code 78237 in the subject line.
Job #78237

Job Title Chief Financial Officer     Office Location Roanoke, VA
Business Unit/Department Finance     Sales Territory, if applicable N/A

General Role Description
Ensure integrity in the design, development and stewardship of the TMEIC Corporation financial systems to meet short term (1-3 years) and long term (3-7 years) business requirements and the needs of internal and external stakeholders.  Provide a financial perspective on innovation and short term and long term profitable growth of the Company, over a rolling 7 year time horizon.

Role Accountabilities
  • Build and lead a world-class team by promoting and instilling a culture of superior performance, ethical conduct, professional development, and personal learning, through effective managerial leadership
  • Ensure the team has a clear and compelling vision of 'what great looks like' and a plan to achieve it
  • Ensure each function’s structure, processes, technology, services and products is designed to deliver the strategic intent of the function
  • Guide the efforts of direct reports in the development and implementation of current and long-range objectives, policies, and procedures
  • Position the team to support the achievement of the Company’s vision, strategic initiatives, and business strategy and objectives on a global basis, by collaborating with business leadership to define requirements for achievement
  • Provide counsel, as principal Company financial resource, to company business leaders, to identify business opportunities and provide meaningful financial and business insights, leveraging this perspective to improve risk-awareness, strategic decision-making and performance management integration
  • Ensure development, maintenance and continuous improvement of the system (structure, processes, technology, services, and products) capable of providing accurate and timely financial information, including financial planning and analysis and reporting of actual results which will enable the international, multi-entity, multi-currency company to meet its business commitments
  • Lead the financial activities of the company, such as corporate finance, accounting and reporting, forecasting, treasury and cash management, tax and regulatory compliance and planning,
  • Ensure responsible financial management and compliance of employee benefit plans
  • Build and sustain productive relationships with Company, Group Company and Parent Company contacts to ensure timely and accurate communication of issues, concerns, and requests for assistance are acknowledged and subsequently addressed
  • Cooperate with Company, Parent Company and other Group Company executive leadership to develop and execute global business strategies and initiatives
  • Build and sustain a world-wide executive network of contacts to influence and maintain a favorable business climate
  • Prepare financial aspects of semi-annual Mid-Range Plans (MRP)
  • Develop and manage relationship with outside auditors and other tax service providers, including negotiation of engagement agreements to ensure timely and cost-effective audits are performed 
  • Ensure Company routines and controls are adequate to ensure annual audit reports are issued without exceptions
  • Ensure appropriate risk mitigation from a financial perspective through systematic risk assessment and risk mitigation tools and processes
  • Formulate and execute Company strategic objectives and initiatives, as a member of the strategic process team 
  • Develop strategies for financing business acquisitions, capital expenditures and other investment initiatives
  • Provide financial and regulatory guidance as needed to support the international expansion of the Company and Parent Company
  • Ensure the Company’s import and export strategies and policies comply with all applicable laws and regulations of the US and all other countries with import and export control laws applicable to the Company 
  • Proactively and positively promote and exemplify the TMEIC brand to internal and external contacts, and the general public
  • Ensure compliance with all Company and Parent Company policies, practices, and procedures, and all regulations and laws in all areas where the Company operates
  • Plan and execute projects to aid in improving and growing the Company and Parent Company to meet goals set by the Company and Parent Company executive leadership

General Employee Accountabilities
  • Bring full effort to bear on tasks assigned by manager
  • Give manager best advice
  • Give earliest notice when work cannot be delivered as specified
  • Cooperate and collaborate with peers and interact cross-organizationally as specified by manager
  • Comply with all Company policies, practices, and procedures and all regulations and laws
  • Formulate recommendations for improvement proactively
  • Ensure effective utilization of business tools and processes

Manager Accountabilities
  • Build and lead a team of committed and capable employees
  • Plan for, appropriately assign, resource, and integrate the work of the team
  • Lead, expect, and implement continuous improvement
  • Own the output of the team
  • Exercise effective managerial leadership to include
  • Two-way managerial team working
  • Fair and just treatment of direct reports
  • Context setting
  • Planning
  • Task assignment
  • Ongoing performance management
  • Coaching
  • Selection and orientation
  • De-selection and dismissal

Manager-Once-Removed Accountabilities
  • Ensure effective leadership and fair and just treatment for direct reports-once-removed
  • Ensure talent pool development at the direct report-once-removed level
  • Decide appeals initiated by direct reports-once-removed

Minimum Qualifications
  • Bachelor’s degree in accounting or finance or equivalent via education and/or work experience
  • CPA or MBA
  • 10 years’ experience in CFO role
  • Demonstrated finance experience in an international, multi-entity, multi-currency, for-profit environment.
  • Demonstrated successful management of a financial planning and analysis process
  • Proficiency in financial aspects of Oracle ERP system or equivalent
  • Demonstrated experience in a manufacturing environment
  • Proficiency in Excel, Word, Outlook and Windows
  • Demonstrated successful management of financial aspects of foreign affiliates and related accounting processes
  • Demonstrated knowledge of US and foreign taxes regarding business operations, including structuring transactions to minimize negative impacts and manage overall levels of taxation and compliance
  • Demonstrated knowledge of applicable legislation and regulatory guidelines and their impact on business processes and strategy
  • Demonstrated success developing, implementing, measuring, and improving effective systems
  • Demonstrated continuous improvement in areas of responsibility
  • Demonstrated successful and positive personal leadership, interpersonal, organizational, administrative, and communication skills
  • Demonstrated successful working relationships with clients, suppliers, and other internal and external contacts
  • Availability to travel domestically and internationally, approximately 15%

Preferred Qualifications
  • Experience in a business with foreign ownership, preferably Japanese
  • Experience in a business which measures results principally by project and by levels of overall support costs
  • Experience with international trade compliance

Link to TMEIC Corporation website:  https://www.tmeic.com/.  In order to be considered for a job opening, all applicants must complete an on-line job application, in full, for each job opening.  A resume can be attached to the on-line application but is not considered a substitute for the information in the application.  Applications are not accepted for positions not posted.  Current job listings, along with our application, can be found on our website.  Select “Career Opportunities” on the “Careers” tab of our website. Please, no telephone calls.
EEO/AA/M/F/Vet/Disability Employer
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