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Executive Vice President & CFO

Company: CALAMP Incorporated
Location: Irvine
Posted on: September 23, 2022

Job Description:

Overview
CalAmp provides flexible solutions to help organizations worldwide monitor, track, and protect their vital assets. We enable transportation and logistics, government, industrial and vehicle manufacturers to improve efficiency, safety, visibility, and compliance using best-in-class SaaS solutions tailored for their business.
The CFO is a member of the executive management team, reporting directly to the CEO. - As a true business partner, the CFO establishes and monitors fiscal and accounting control systems, interprets and reports financial data, evaluates capital assets, provides required SEC information, manages commercial banking relationships, ensures compliance with all governmental reporting and tax requirements, and provides leadership to the treasury and accounting activities. - The CFO supervises a Finance Department staff of approximately 70 individuals directly and indirectly through the SVP Finance Planning & Analysis, VP Corporate Controller, and Senior Director of Tax.
The CFO will play an integral role in setting the strategy for the organization, supporting Investor Relations activities and will help drive the process of setting the strategy and realizing the vision set by the CEO.
Responsibilities


  • Manage, organize and direct the finance and accounting functions to accommodate future growth and significantly improve management reporting and analysis while simultaneously continuing to respond to the numerous corporate wide demands.
  • Collaborate with the CEO and the executive team to implement a fiscal plan and strategy to support the sustained growth of CalAmp's businesses.
  • Provide executive management and the Board of Directors with timely reporting of financial results, including analytical commentary of significant trends, financial fluctuations, and key operational issues. Work with business unit managers for financial planning and analysis and identify problem issues.
  • Coordinate the preparation and monitoring of annual operating budgets and periodic financial forecasts and confer with executive management and operating unit managers concerning performance to budget.
  • Assume a proactive view and position regarding the application and use of various accounting strategies to optimize financial reporting efficiency, anticipate year-end and/or quarterly issues, and provide a perspective on operational alternatives.
  • Direct all treasury management functions for the Company.
  • Implement best practices and business process improvement initiatives and strategies.

    Financial planning and analysis functions:

    • Oversee preparation of annual operating plan, rolling 4 quarter financial forecasts and multi-year strategic planning projections.
    • Supervise financial planning & analysis function; own reporting and analysis of variances between actual and budget/forecasted results.
    • Prepare combined financial projections including acquisition targets.
    • Oversee financial-related due diligence for acquisition candidates.

      Internal financial reporting functions:

      • Establish and/or maintain internal accounting and operating controls to safeguard Company assets and ensure integrity of financial data.
      • Oversee consolidation of monthly financial results.
      • Develop and manage KPIs for the business - thorough implementation of dynamic dashboards at the executive and corporate business unit levels.
      • Assess and evaluate performance of organization utilizing financial and operational metrics and analytics. Develop forward-looking, predictive models to identify business issues, risks and drive good decision-making.

        External financial reporting functions:

        • Review and edit draft quarterly 10-Qs, annual 10-Ks and 8-Ks for filing with the SEC.
        • Review and edit draft press releases and conference call scripts.
        • Prepare timetable and action plan for year-end financial reporting process, including annual proxy statement filing
        • Draft proxy statement for annual shareholders meeting.

          Treasury functions:

          • Oversee cash flow planning and ensure availability of funds as needed.
          • Manage Company's commercial banking relationships, including term loans, lines of credit and cash management.
          • Manage capital raising activities, e.g., convertible debt financing.
          • Oversee risk management function and insurance coverages.

            Qualifications

            • Bachelor's Degree in Accounting, Finance or related field from an accredited institution required. MS, MBA and/or CPA strongly preferred.
            • Financial management experience with international technology companies with revenues of $300 million or larger.
            • 10 years of direct experience in executive level financial management positions with public companies required.
            • Ideal candidate is a sitting CFO for a publicly traded company with revenue $300M or higher.
            • Foundational experience in B2B SaaS is essential;
            • Proven history of transforming an organization from a one that is reactive to proactive, coupled with experience transitioning from selling single transactions to selling ongoing service and customer engagement;
            • Experience in high growth environments through organic initiatives as well as M&A.
            • Experience with M&A integration of companies $200M+

              LEADERSHIP PRINCIPLES

              • A dynamic and engaging personality who is able to articulate a clear vision and create focus around what is most important; ability to inspire others and persuade and influence key stakeholders through a fact-driven and clear approach;
              • Execute with discipline and urgency;
              • Highly intelligent with a good business mind; comfortable with data and financials;
              • A driven executive with an innate intellectual curiosity; a leader who proactively applies new concepts driving the business;
              • Inspires and engages others;
              • Collaborative; comfortable driving change;
              • Superior communication and influencing skills;
              • Zero ego; unflappable and patient but with a keen ability to foster productive debate.
              • Demonstrated ability to cultivate and lead high performing marketing teams.

                CULTURE FIT AND IMPACT

                • Self-starter approach: Proactive mentality, with demonstrated track record of good judgment and sound decision making;
                • Team-building focus: Attracts and retains strong leaders, and has a track record of motivating, energizing and listening to others;
                • Integrity: Demonstrates the highest level of integrity; a values-based leader who can build and maintain a high integrity culture that motivates people to do the best work of their lives.

                  CORE VALUES
                  Inclusion
                  They believe in the integrity, honesty, and trust of their employees. These are key ingredients to collaboration and inclusion. They listen to what others have to say, valuing their opinion, and speaking the truth in a positive manner. They take personal responsibility for their actions and are committed to building diverse teams with fairness and respect for all.
                  Innovation
                  They are committed to transforming ideas into new and improved products and processes. They respond resourcefully to demands and challenges in order to advance, compete, and differentiate themselves successfully in the marketplace and bring value to their customers as well as their teams.
                  Customer Success
                  They are driven to establish, develop, and build strong relationships with their customers. They are focused on understanding their respective organizations and helping them to meet and surpass their goals while facilitating the successful implementation of their services and their products.
                  Execution
                  They seek to understand, anticipate, and be responsive to their customers' needs by working hard to achieve measurable results. They achieve total customer satisfaction by understanding what the customer wants and delivering it flawlessly. Satisfied customers are essential to their success.

Keywords: CALAMP Incorporated, Irvine , Executive Vice President & CFO, Accounting, Auditing , Irvine, California

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