Job #1877: Chief Financial Officer - NJ (6/15/2023)

Franco Manufacturing is a leading international producer of whimsical and fun home fashions including sheet sets, comforters, decorative pillows, bath ensembles, beach towels and accessories. Franco products are distributed nationally through mass merchants, discounters, chain stores, online retailers, and other similar channels. Our popular juvenile licensed merchandise features Disney, Nickelodeon, Warner Brothers other iconic and popular characters.

Franco Manufacturing was founded in 1952 and continues to be a privately held corporation. Now in its third generation, we remain committed to our well-established legacy of product innovation, quality, and service with continued focus on evolving our business to fit the modern landscape.

We are seeking a Chief Financial Officer to oversee and manage all Finance and Administration functions of the business including Accounting, Financial Planning, Human Resources, Information Technology, Import logistics, and Distribution Operations. There will be an initial phase-in period to work with our current CFO who will be retiring. Duties include:

• Develop and oversee the company's financial planning and analysis process, including budgeting, forecasting, and financial modeling.
• Develop and implement financial policies and procedures that align with the company's overall goals and objectives and ensure compliance with legal and regulatory requirements.
• Directs the financial aspects of inventory management and capital expenditures in accordance with approved policies.
• Ensures the company is compliant with all import regulations and requirements including customs classification and valuation for the proper payment of duty in the US and Canada. Maintains accurate records of all import transactions.
• Oversee import logistics, including negotiating freight rates, tracking shipments, monitoring transit times and controlling costs.
• Formulates and recommends for approval, proposals on banking and borrowing arrangements. Establishes and maintains an advantageous relationship with banks and other segments of the financial community.
• Oversee the management of the company’s insurance programs, including property and casualty, liability, ocean cargo, and other corporate insurance policies.
• Identify and mitigate financial risks to the business, including credit risk, market risk, and operational risk.
• Ensure the company is compliant with all tax regulations and optimize the company's tax position through effective tax planning.
• Directs Security programs and oversees required actions to safeguard Corporate assets.
• Directs the activities of Information Technology in its development and review of systems, its Data Processing operations and research, and its review of Management Information requirements.
• Directs Corporation’s Human Resources program, develops, recommends, for approval and implements personnel policies and procedures for the organization.
• Directs Distribution operations for owned and third-party facilities. Oversees all aspects the distribution centers including inventory management, order fulfillment, shipping and receiving and warehouse operations.
• Oversees the legal review of all the company’s contracts and ensures that contracts are reviewed and negotiated in a timely and effective manner.

• Bachelor's degree in finance, accounting, or a related field; Master's degree or CPA strongly preferred.
• 10+ years’ experience as a Senior Financial Executive for a consumer products company selling to mass merchants, specialty stores and/or department stores with sales volume over $100M.
• Previous oversight of bank relations and financing, corporate accounting, financial planning and budgets, taxation, risk management, strategic planning and distribution.
• Experienced in compliance with import regulations and customs compliance.
• Prior experience in import logistics including negotiating freight rates, optimizing transit times and managing costs.
• Previous experience in managing distribution facilities for distribution to retail customers.
• Proven experience in managing complex financial operations and developing and implementing financial policies and procedures.
• Experience working for a private company in an entrepreneurial environment desirable.
• Experience managing Human Resources and Information Technology a plus.
• Excellent communication and interpersonal skills.
• Strong leadership and team management skills.