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Chief Financial Officer (CFO)

Company: 99Degrees Custom
Location: Lawrence
Posted on: May 16, 2022

Job Description:

We are Makers. We make what hasn't been made before, including a new model of US manufacturing.
Come help us make our future!

This position is one of several added in conjunction with our expansion in Lawrence!
We are looking for individuals with an entrepreneurial spirit and willingness to roll up their sleeves to help build a future model of US manufacturing. If you love building processes and systems, working with a diverse and multilingual workforce, and learning how things are made from the inside, then you would be right at home at 99Degrees!

Lawrence MA-based, 99Degrees was founded in 2013 to transition US manufacturing into an advanced manufacturing industry through speed, agility, technology and a commitment to our region and workforce. We are a US contract manufacturer who produces technical activewear and wearable technologies for the most forward thinking global and high growth brands. We incubate advanced concepts, develop, prototype and sample, and produce in the US with unprecedented speed and agility. We have been recognized with top prizes from MIT's Inclusive Innovation Competition, MassChallenge and EforAll business accelerators and have been featured on NPR, PRI, MSNBC, and in the Boston Globe.

Our Values

  • Innovation: We pursue technologies that benefit us all. We change, adapt, and learn to capture and execute cutting edge and game changing ideas. We approach challenges with solutions.
  • Inclusivity: We celebrate diversity as a strength. We ensure that we all have a voice. We foster systemic inclusivity and equal opportunity.
  • Integrity: We are honest, fair, and principled. We do what is right even when it is difficult.
  • Quality: We work with purpose to set new standards for our industry, for US manufacturing, and for business.
  • People: We prioritize and invest in family, community, and wellness so that we all may pursue full and happy lives.

    This position plays a key role on 99Degrees' Executive Team. The CFO will work with the CEO, EVP, Operations and Board of Directors to develop and implement financial strategies to drive sustainable growth, expansion, profitability and corporate value. This role leads 99Degrees' Finance and IT departments with responsibility for the systems and controls that ensure accurate and timely KPI monitoring, financial analysis, reporting, data visibility and integration with operations. This role provides expert external stakeholder relations support to advance our vision and works collaboratively with internal stakeholders to drive performance management.

    Executive Leadership

    • Partner with the Executive Team and Board of Directors to develop and implement a multi-year strategic growth plan. Provide financial insight, perspective, and guidance.
    • Lead the development of values-based financial strategies to grow market leadership, support sustainable growth, and build corporate value.
    • Serve as a management liaison to external stakeholders including banks, investors, accounting and auditing firms, insurance agencies, customers, vendors, government organizations, etc. Build strong collaborative business relationships. Negotiate contracts to achieve business targets. Manage due diligence during capital raises.
    • Monitor and update leadership on economic conditions, trends, and business risks. Conduct market research to support internal financial analysis.

      Financial Leadership

      • Ultimately responsible for financial practices and audits. Accountable for compliance with government regulations and other contractual requirements.
      • Set annual financial goals and lead the development of capital and operating budgets to ensure optimal utilization of financial resources. Ensure that the budget is accepted and thoroughly understood throughout the organization. Monitor and analyze performance against budget.
      • Lead the selection and implementation of our ERP. Ensures that the system meets internal financial and operational requirements.
      • Oversee the preparation of timely and accurate financial reports, performance and variances analyses, and cash flow models. Responsible for reporting results and analyses to the Executive Team and Board of Directors.
      • Drive performance management by tracking key metrics and indicators and proactively reporting and communicating gaps and actions needed to management.
      • Instill a culture of fiscal integrity, transparency, consistency, and accountability; use accounting systems, policies, and controls to ensure accuracy and data validation.

        Management + Team Development

        • Lead and manage Finance and IT departments.
        • Establish a people-centric culture that fosters professional development, continuous improvement, and a culture of high performance.
        • Mentor and develop staff using a supportive and collaborative approach; establish priorities, set objectives, assign accountabilities, and monitor and evaluate results.
        • Monitor staff performance and development goals; conduct annual performance appraisals, and administer salary adjustments.
        • And any other related task deemed to be necessary to effectively lead 99Degrees' Finance and IT departments.

          Our ideal candidate will share our vision for the future of apparel manufacturing, will be a champion of our culture and our values. We are problem solving, collaborative, inclusive and evolving. If you are too---
          and have the following qualifications:

          • Bachelor's degree in Finance, Accounting, Economics or a related field.
          • Minimum 10 years progressive financial management experience, ideally with both external audit and senior in-house financial management experience gained in a high-growth organization.
          • Experience optimizing corporate financing, brings strong working relationships with the banking community.
          • Experience overseeing an ERP/MRP selection and implementation.
          • Experience in manufacturing, apparel/footwear, or a related field.
          • Past experience with investor relations and due diligence
          • Expert proficiency in MS Office (Excel, Powerpoint, Word)
          • Proven experience translating business goals into clear performance plans for the different departments.
          • Ability to assess resource requirements and financial impacts of new business initiatives (e.g., new products, geographic expansion, pricing), weighing in on which initiatives should have priority and partnering with the executive team to execute.
          • Experience in re-engineering processes and implementing controls to prevent financial error. Understand data flow between financial and operating systems to maximize efficiency and accuracy of information.
          • Experience presenting and involving different departments in the business metrics, dashboards, and reporting. Monitor and create visibility on departments' performance against budget.
          • Experience anticipating and mitigating risks. Ability to think beyond 3 year plan strategy.
          • A proactive problem solver with exceptional communication skills and the flexibility to be both a doer and a leader.
          • Excellent judgment and creative problem-solving skills including negotiation and conflict resolution skills.
          • Proven track record of success facilitating progressive organizational change and development within a growing organization.
          • Strong mentoring, coaching experience to a team with diverse levels of expertise. Ability to influence and engage direct and indirect reports and peers.
          • Entrepreneurial team player who can multitask.
          • Exceptional written, oral, interpersonal, and presentation skills and the ability to effectively interface with senior management, board of directors, and staff.
          • Ability to operate as an effective tactical as well as strategic thinker


            • MBA preferred.
            • Chartered Professional Accountant (CPA) designation.
            • Experience working in a growing start-up environment is strongly preferred.

              99Degrees Custom is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws. 99Degrees Custom strictly prohibits and does not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, sex (including pregnancy), age, national origin or ancestry, ethnicity, religion, creed, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, training, promotion, discipline, compensation, benefits, and termination of employment.

Keywords: 99Degrees Custom, Lawrence , Chief Financial Officer (CFO), Accounting, Auditing , Lawrence, Massachusetts

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