ITU AbsorbTech is seeking a Chief Financial Officer (CFO) to join our team in New Berlin, WI.
Summary of Position:
This position is responsible for the entire range of financial activity for ITU AbsorbTech including the treasury and accounting functions and information technology. Responsibilities include banking and accounting firm relationships, credit extension, capital expenditures, legal matters, leases, tax planning, acquisition due diligence and S-Corp family related matters including stock redemptions and life insurance portfolio management.
Essential Job Functions:
Serve as a member of the Strategic Sustainability Planning and senior management team. Responsible for Strategic Planning and development of financial and accounting systems and contributing to overall organizational strategic objectives.
Manage all aspects of cash flow for ITU AbsorbTech
Assure accurate payment of multi-state sales & use tax and corporate filing/registration compliance
Manage credit and collection process including related legal matters
Serve as a key participant in the evaluation of acquisition prospects and related due diligence
Lead and execute the managerial/cost accounting function for multiple production plants to yield external and internal (cross-charges) pricing analysis
Provide accurate analysis of profitability across product lines and regions
Establish financial objectives and direct and control through the forecasting and budgetary process
Provide financial analysis, solutions and ROI for capital expenditures to bridge the gap between Finance and Operations
Manage day-to-day operational activities of accounting and information technology
Develop financial reporting and analytical tools to support the decision-making process for tactical and strategic initiatives.
Leads annual and ongoing Finance and IT strategic planning
Education and Experience:
A bachelor's degree in accounting and 15-20 years of experience in a managerial role and a Certified Professional Accountant Certificate (CPA) is required. Previous experience in public accounting, financial planning, commercial real estate and system implementation strongly preferred.
Skills:
Strong working knowledge of accounting procedures in accordance with GAAP and managerial/cost accounting.
Written and verbal communication skills.
Analytical and problem-solving skills.
About ITU AbsorbTech
ITU AbsorbTech was founded in 1908 as an industrial laundry company. Now, based in New Berlin, WI, it's one of the oldest family-owned industrial laundries in the country. We have 15 facilities across the eastern US, servicing thousands of manufacturers by providing reusable uniforms, mops, towels, and mats. Since the mid-1990s, we've been the top choice in environmental services by offering launderable absorbents, replacing disposable products. Each year, we recover over 200,000 gallons of oil and solvents from our customers' used products.
ITU AbsorbTech is an equal opportunity employer and does not discriminate against otherwise qualified applicants on the basis of race, color, religion, age, sex, national origin, disability or handicap, military status or any other basis prohibited by federal, state, or local law.