Chief Financial Officer

Wow Bao•Chicago, IL

4d•$220,000 - $250,000•Onsite

About The Position

Wow Bao is seeking a Chief Financial Officer (CFO) to serve as a strategic business partner to the CEO/President and executive leadership team, responsible for all financial aspects of Wow Bao. Additionally, the CFO will provide financial leadership, drive business performance, support growth initiatives, and ensure the financial health of the organization. This role requires extensive experience within the Consumer Packaged Goods (CPG) industry including food manufacturing, supply chain, inventory management and scaling high-growth brands. The CFO will lead financial planning and analysis, accounting, treasury, risk management, forecasting, budgeting, strategic planning, banking relationships, and investor communications, while supporting operational excellence across the organization. This position will report directly to the CEO/President and requires 5 days a week on-site in the office.

Requirements

12+ years of progressive financial leadership role (CFO, VP Finance, Corporate Controller or equivalent)
Experience within the food manufacturing, consumer packaged goods (CPG), or related industry required.
Bachelor’s degree in Finance, Accounting, or related field required; MBA or advanced degree is preferred; CPA is required.
Strong understanding of manufacturing accounting, cost accounting, inventory management, and supply chain finance.
Experience leading ERP implementations or systems optimization projects.
Familiarity with multi-channel distribution including retail, grocery, club channels.
Experience with private equity-backed organizations.
Sense of urgency and focus on results.
Proficient with Microsoft Excel
Maintain complete knowledge of and comply with all policies, procedures and standards as outlined in the Employee Handbook and Handbook Supplements.
Partake in a professional and positive work environment.

Nice To Haves

Experience with large retail partners such as Walmart, Target, Costco, Kroger, or regional grocery chains
Advance proficiency in ERP systems and Microsoft Excel
Experience with managing retail deductions, trade spend, rebates, chargebacks, and gross-to-net revenue accounting

Responsibilities

Partner with the CEO/President and executive team to develop and execute the company’s strategic growth plans, annual capital/operational plans, and budgets.
Provide financial insights and recommendations to drive profitability, cash flow, and long-term value creation.
Support expansion initiatives, new product launches, and channel growth strategies.
Build, maintain, and update financial analyses and tools to continuously monitor performance and health of all business channels.
Manage cash and working capital through proper planning and forecasting.
Build financial forecasting models to evaluate impacts of strategic and operational initiatives including new product launches, supply chain improvements, etc.
Analyze business performance and recommend actions to improve profitability and efficiencies.
Prepare financial reporting to investors and Board of Directors.
Participate in pivotal decisions as they relate to strategic initiatives, operational models, and manufacturing capacity expansion.
Work with all company departments, to help manage and monitor spend, return on invested capital (ROIC), and other key operational metrics.
Perform ad-hoc analysis to help drive decision-making on strategic and/or tactical initiatives.
Monitor and help manage pricing of Wow Bao’s products through its various revenue channels.
Find, recommend, and collaborate with other team members to execute margin improvement initiatives.
Work with the accounting team to oversee all accounting functions, including general ledger, accounts payable, accounts receivable, payroll, and tax compliance.
Coordinate external audits and tax filings.
Work as a liaison between Wow Bao and the company’s product manufacturers and distributors.
Lead cross-functional strategic plan and annual budget process.
Develop and maintain internal controls and financial policies.
Oversee insurance programs, risk mitigation strategies, and corporate governance practices
Manage cash flow, working capital, and liquidity strategies.
Maintain outstanding banking relationships and other strategic relationships with vendors and business partners.
Optimize inventory investment, vendor payment strategies, and capital expenditures.
Monitor manufacturing performance, product costing, gross margin optimization, cash and inventory controls.
Lead financial analysis of inventory management, procurement, warehousing, and logistics operations.
Partner with our manufacturing operations, procurement, and supply chain team to improve efficiencies and reduce costs.
Build, develop, and mentor high-performing accounting team.
Foster a culture of care, accountability, collaboration, and continuous improvement.
Assist with responsibilities and duties in other departments and as assigned by leadership.
Perform calmly and effectively in an extremely busy and fast-paced work environment.
Travel to our manufacturing facility in Forest City, North Carolina as needed.
Other tasks and projects assigned on an as needed basis.