Jim's Formal Wear LLC hiring Vice President Finance in Trenton, Illinois, United States | LinkedIn (2024)

Position Announcement

We are seeking a seasoned and dynamic individual to join our team as the Vice President of Finance at our Trenton, IL headquarters. The Vice President of Finance will play a pivotal role in shaping and executing the financial strategy of the company. This strategic leader will be responsible for overseeing all financial operations, providing insightful analysis, guiding financial decision-making, and ensuring compliance with regulatory requirements. The successful candidate will possess a strong blend of financial expertise, leadership skills, and strategic vision to drive the company's financial success.

About Us:

Established in 1964, we are proud of our strong family and service-oriented culture. Headquartered within 40 miles of St. Louis, Missouri, Jim’s Formal Wear (JFW) is the world’s largest wholesaler of men’s formal wear. JFW boasts a network of 7 distribution centers, 11 regional delivery hubs and over 450 team members.Our customer base includes approximately 5,000 retail locations.

Strategic Direction:

• Develop and execute a clearly defined financial strategy to support consistent business growth.
• Lead financial efforts companywide, fostering collaboration and teamwork across departments.
• Align financial functions with corporate direction to achieve growth and profitability goals.
• Collaborate cross-functionally with other departments to align financial strategies with operational goals.

Executive Leadership:

• Serve as a key advisor to the executive team, providing financial insights and guidance.
• Collaborate with executive leadership in strategic planning to shape future investment strategies.
• Work with the Board of Directors to align financial strategies with company goals.

Financial Management:

• Drive the budgeting and forecasting process, incorporating key business drivers and market trends.
• Prepare accurate and insightful financial reports to support informed decision-making.
• Provide financial due diligence for potential mergers, acquisitions, or partnerships.
• Assist in structuring and negotiating financial terms of transactions.
• Monitor financial performance against targets and provide timely insights to the executive team.
• Analyze financial data, trends, and metrics to identify opportunities for optimization and cost efficiencies.
• Coordinate data to assist in forecasting the future financial impact of projections.
• Optimize working capital and financing strategies to maximize capital efficiency.
• Manage cash flow to ensure adequate liquidity for ongoing operations and strategic initiatives.

Risk Management and Compliance:

• Identify and assess financial risks, proposing effective mitigation strategies.
• Ensure compliance with financial regulations, reporting standards, and internal controls..
• Develop financial models to support scenario planning and risk assessments.
• Identify and assess financial risks, proposing strategies to mitigate these risks effectively.
• Build strong relationships with external partners, including financial institutions, auditors, and legal advisors.

Team Leadership:

• Lead and mentor a high-performing finance team, fostering professional growth and development.
• Set clear performance goals, provide regular feedback, and assess team members' contributions.

Preferred Qualifications:

• Bachelor's degree in Finance, Accounting, Economics, or a related field (Master's degree preferred).
• CPA, CFA, or equivalent professional certification is a plus.
• Experience working with lower middle market private equity backed portfolio firms is a plus.
• Proven experience (8+ years) in progressively responsible finance roles, with at least 3 years in a senior leadership position.
• The candidate that accepts the position will report to and collaborate with the current CFO, who intends to retire in the next two years.
• Strong financial modeling, analytical, and problem-solving skills.
• In-depth knowledge of financial regulations, tax and compliance, accounting principles, and best practices.
• Excellent communication and presentation skills, with the ability to convey complex financial concepts to non-financial stakeholders.
• Experience in strategic financial planning, budgeting, and forecasting.
• Proficiency in financial software and ERP systems.
• Strategic thinker with the ability to translate financial insights into actionable strategies.
• Results-oriented with a track record of driving financial performance and growth.
• Exceptional leadership and team-building skills.
• High ethical standards and integrity.
• Adaptability and ability to thrive in a dynamic and fast-paced environment.

Qualified applicants can apply onlinewww.jimsformalwear.com