Join to apply for the CFO role at MTE Corporation 1 week ago Be among the first 25 applicants Join to apply for the CFO role at MTE Corporation Since its founding in 1982, MTE Corporation has established itself as a recognized leader in power quality solutions. By combining the expertise of Milwaukee Transformer Co., Transformer Design Inc., and Milwaukee Electronics Corp., we pioneered innovative technologies like AC reactors and passive filters. Our acquisition of TEAL Electronics in 2016 has further enhanced our offerings, enabling us to provide industry-leading power quality and conditioning solutions. With more than 100 years of combined experience in design and operations, our team utilizes cutting-edge tools and technology so that new designs and products meet the latest compliance standards and our customers’ needs and while improving their bottom line. At MTE, we know power quality because power quality is all we do. At MTE, we believe in people, quality, customers, and teamwork. We invest in our employees' growth, maintain high standards of product excellence, and work closely with our customers to exceed expectations. Collaboration and innovation drive us forward, making MTE a place where you can thrive. Join us – a 2024 Top Places to Work award winner – and be part of a value–driven team! MTE Purpose: We maximize our customers’ productivity by enabling more resilient and sustainable systems through power quality innovation MTE Values Teamwork We cultivate an atmosphere where people can learn, grow, and have fun. We create an inclusive environment where employees can bring their whole selves to work. We build on each other’s strengths and succeed by working together. Respect We respect our customers, employees, and the environment. We value diversity, equity, and inclusion. We adopt a safety-first mindset with no compromises. Integrity We believe in acting ethically and honestly always. We conduct ourselves transparently with our customers and employees. We take measured risks and manage consequences to create success. Commitment We honor our commitments and are accountable for our actions. We enable an environment that celebrates bold ideas and continuous improvement. We are agile and respond quickly to our customers through innovative products and services. Overview Under the direction of and reporting to the company President, the Chief Financial Officer (CFO) directs the company financial, accounting, and information technology practices and is a strategic growth partner to the senior leadership team. The CFO is expected to understand market trends, customer dynamics, products, and factory financials to help the President and the leadership team grow the business. KEY Responsibilities Financial Management: Lead preparation of the annual operating plan and 5-year strategic plan financials Preparation of monthly financial forecasts Preparation of various financial models and forecasts Manage overall cash flow with emphasis on Accounts Receivable, Inventory, Accounts Payable and Capex Development of MTE’s overall financial management strategy and contribution to overall strategic plan Financial Analysis and Reporting Preparation and analysis of monthly financial statements to the senior leadership team and Steel Partners Preparation of Monthly Operating Reports (MOR) Preparation of quarterly financial reports for Steel Partners Compliance: Ensure accounting and IT compliance with Steel Partners internal and external auditors Support quarterly and annual financial and IT audits and requests for documentation Ensure compliance with US federal and state reporting requirements and tax filings Ensure compliance with Mexico Government reporting and tax filing requirements Ensure compliance with US and Mexico customs requirements and agency filings Risk Management: Assess MTE’s overall financial risk and develop strategies to mitigate (FX, commodity costs, inflation, theft, etc.) Ensure an adequate level of business insurance coverage while minimizing cost Information Systems: Responsible for the design, development and implementation of MTE’s information system (software applications, infrastructure system and IT support) Manage IT budget and overall investment in IT systems Requirements
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