| Chief Financial Officer Position Announcement |
Seeking a strategic role in an evolving industry and business with national reach? Ready to serve as a trusted strategic partner to the CEO? Bring strong financial management skills and HR leadership experience? Thrive best in an entrepreneurial environment?
…If so, we want to talk to you! Headquartered within 40 miles of St. Louis, Missouri, Jim’s Formal Wear (JFW) is the world’s largest wholesaler of men’s rental formalwear. JFW boasts a network of 7 distribution centers, 11 regional delivery hubs and 450 team members. Our customer base includes approximately 5,000 independently owned retailers as well as a national chain that operates over 500 stores. Established in 1964, we are proud of our collaborative and service-oriented culture and we enjoy the benefits of being an “open book management” company. Learn more about us at www.jimsformalwear.com. JFW is now seeking a dynamic Chief Financial Officer to drive the organization’s financial and HR strategies and to collaborate closely with our CEO and regional operations team. We are looking for someone ready to serve as a strategic partner who brings best practices and demonstrated success in helping to grow an entrepreneurial organization.
Reporting directly to our CEO, the ideal candidate will: ...SERVE AS A TRUSTED LEADER: Serve as a key advisor to the CEO and valued member of JFW’s Management Team while directing the organization’s financial goals, objectives and budgets. Collaborate with the CEO to guide future investments, facilitate growth opportunities and evaluate solutions and technologies that create value and solidify competitiveness. Partner with the Board on banking relationships and present quarterly financials to JFW’s Board. Ensure profit is maximized in a manner consistent with the company’s culture. Serve as lead representative in business partnerships such as banking, legal, audit and insurance. ...SET OUR FINANCIAL STRATEGY: Set JFW’s financial strategy and implement plans to achieve success through oversight of financial team members in all accounting, financial reporting, and performance analysis functions. Proactively research, identify, and interpret market trends and performance analytics. Supervise cash management activities and work closely with operations and business development. Communicate strategic objectives enabling team to move in a unified direction in a productive and profitable manner. ...LEAD OUR PEOPLE STRATEGY: Accomplish HR strategies through close partnership with our HR Director, including oversight for compensation and benefits, payroll administration, performance management, policy development, workers compensation, and professional development. Communicate strategic objectives enabling teams to move in a unified direction in a productive and profitable manner. Foster a culture that promotes employee engagement and teamwork. Coach and enable staff to effectively interact with all departments and ensure policies and procedures are established and clearly communicated. ...ADVISE ON GROWTH & EXPANSION OPPORTUNITIES: Collaborate with Management Team to assess and evaluate growth opportunities. Lead evaluation and pursuit of acquisitions providing the necessary cash flow analysis and all financial modeling. Assist in upfront due diligence and integration process. Drive the negotiation process with banks on covenants and loan agreements. ...MANAGE RISK, COMPLIANCE & LEGAL: Identify, analyze and manage risk, including review of leases, contract review, and partnerships with outside legal counsel. Establish improved security and controls on accounting practices if necessary. Ensure that the company is in compliance with all finance, accounting and business requirements. LOCATION: Position will be based in our corporate office in Trenton, Illinois. Relocation to the local St. Louis area is required for this role. Qualifications: