Divisional CFO
Deanna Nesbit & Associates, Inc., LLC
Job Description
Job Description
Job Title: Divisional CFO (Foodservices)
Location: Cincinnati, OH (within 60 miles)
Required Industry Experience: Retail or Distribution
Summary:
As the Divisional CFO, you will serve as the senior financial architect responsible for the division's financial accuracy, stability, and long‑term strategic health. Reporting directly to the Division President, with regular interaction with the Corporate CEO and CFO, you will oversee all aspects of financial reporting, internal controls, performance steering, treasury, and risk management. You will drive margin improvement, working‑capital optimization, and commercial decision support, while ensuring compliance with both IFRS (for group reporting) and GAAP (for operational practices). Leveraging strong analytical insight, ERP optimization experience, and deep knowledge of KPI management, you will guide the organization through continuously evolving business conditions in the food services sector.
Responsibilities:
- Serve as a strategic advisor to the Division President, converting financial insights into clear, actionable recommendations that support decision‑making.
- Lead the stabilization and long‑term strengthening of divisional financial performance, ensuring operational viability and resilience.
- Manage complete and timely financial reporting in alignment with group deadlines, ensuring full compliance with IFRS and maintaining GAAP integrity in operational accounting.
- Oversee treasury operations, cash conversion cycle, liquidity management, and working‑capital strategies to optimize cash flow.
- Develop, maintain, and continuously improve a robust corporate steering system for key financial and commercial KPIs, creating transparency into performance drivers and countermeasures.
- Lead the annual budget cycle, rolling forecasts, and long‑range planning; produce scenario models and variance analysis against prior year, plan, and forecast.
- Drive margin improvement initiatives and partner with Operations and Supply Chain to mitigate material, labor, and cost volatility.
- Build and refine sophisticated financial models to evaluate performance, stress‑test scenarios, and support strategic priorities.
- Monitor and report on essential KPIs, including COGS, labor cost %, waste/shrinkage, cashflow, working‑capital metrics, and profitability measures.
- Ensure strong internal controls, documented processes, and compliance with federal, state, and local financial regulations.
- Lead internal and external audit activity, preparing audit documentation and ensuring findings are resolved quickly and accurately.
- Oversee accounting functions including expense management, AP, vendor program reconciliation, and margin/gross‑profit analysis.
- Manage relationships with external auditors, tax advisors, banks, and other financial partners.
- Mentor, develop, and integrate the divisional Finance and Accounting teams, fostering a high‑performance culture focused on accuracy, speed, and continuous improvement.
- Support alignment with parent company governance, communication, and reporting expectations.
- Other duties as assigned.
Qualifications:
- Bachelor's degree in finance, Accounting, or a related field required.
- MBA in Finance or Accounting is strongly preferred.
- CPA and/or CFA credentials desired.
- Extensive experience leading financial teams in corporate or matrix environments.
- Demonstrated success in financial stabilization, cost containment, and cash‑conversion improvement.
- Sector experience in food services, multi‑unit operations, or perishable inventory management strongly preferred.
- Advanced skills in financial modeling, treasury management, and KPI reporting.
- Experience designing, optimizing, or integrating ERP systems.
- Deep knowledge of internal controls, risk management frameworks, audits, and regulatory compliance.
- Strong leadership capabilities with the ability to influence cross‑functional partners and drive accountability.
- Data‑driven mindset with a commitment to automation, transparency, and scalable processes.
Organization is an Equal Employment Opportunity (EEO) employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or genetic information.
We are committed to providing reasonable accommodation for individuals with disabilities. If you require accommodation during the application or interview process, please contact Human Resources.
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