Chief Financial Officer

Chief Financial Officer

Reports To:

President

Reports: (4 Direct, 36 Indirect)

Position Location:

Silco Cincinnati - In Office (occasional travel to other Silco locations)

Apply:

Company Overview

Silco Fire & Security isn't just a company, it's a mission. Every day, our team plays a vital role in protecting people and property for over 45,000 businesses across Ohio, Kentucky, and surrounding states. We design, install, maintain, and monitor fire protection and security systems that keep people safe and businesses compliant.

As the market leader in the Midwest, Silco is a growing, family-owned company with over 500 employees working from our headquarters in Cincinnati and branches in Dayton, Columbus, Toledo, Akron, Cleveland and Louisville. Recognized as a Top Workplace and named to the Inc. 5000 list of fastest-growing private companies, we have a long-standing track record of success and ambitious goals for the future.

Our impact extends beyond fire alarms and sprinklers; we provide peace of mind to the communities we serve. At Silco, you're not just doing a job, you're making a difference.

Expected Transformation

This is a transformational CFO role focused on scaling systems, improving cash flow, strengthening operational finance, and enabling aggressive growth across a multi-branch service and construction organization.

At present, the biggest opportunities and focus areas are:

• Our recent successful implementation of  for all sales and service operations has made a large impact throughout the company. However,  is integrated into a legacy ERP system. The next phase is to replace this ERP system working closely with IT and other departments to improve reliability and scalability, increase efficiency, and provide better financial data and reporting.
• Our installation / construction division has grown substantially over the last 3 years. There is a significant opportunity to reduce complexity, increase accuracy, and improve cash flow by improving accounting processes.
• Our DSO is above industry benchmark and there is large opportunity to increase cash while minimizing bad debt.
• Over the last 3 years, we have revamped our compensation systems. There is a substantial opportunity to improve payroll processes to reduce payroll errors, increase scalability, while enhancing employee satisfaction.

Responsibilities

• Be an integral member of Silco's Senior Leadership Team, participating in the development of the company's strategic plan and the effective execution of that plan. Help the other senior leaders and their departments succeed.
• Oversee all accounting functions (General Accounting/FP&A, AR, AP, Billing, Inventory, Payroll).
• Ensure period financial statements are accurate, timely, and prepared in accordance with GAAP.
• Create and implement short- and long-term strategies to maximize cash flow, keeping a watchful eye on:
  • Accounts Receivable (DSO)
  • Bad Debt
  • Inventory (DOH)
  • Capital Expenditures
  • Operating Expenses
  • Project/Construction Billing
• Oversee and prepare the company budget helping set challenging yet achievable financial goal. Accurately forecast cash flow.
• Provide insightful financial analysis to help the business leaders identify and prioritize opportunities for improvement.
• Ensure preparedness for financial review/audit by the outside accounting firm, 401k audit, insurance audits, potential state or IRS audits, and any other audits.
• Work with IT on the selection and implementation of the company's technology platforms. Be an integral part of story refinement, backlog prioritization, and training/adoption.
• Implement and monitor internal controls to protect assets, prevent fraud, ensure accurate financial reporting, and comply with regulations.
• Review acquisition opportunities to determine financial viability and impact. Conduct due diligence to verify financial records.
• Oversee the company's banking relationship, ensuring we are using services to increase efficiency and security. Prepare and submit any reporting required by the bank.
• Complete all required registrations and filing, including all necessary tax returns.
• Improve purchasing practices and procedures. Identify and implement processes to reduce cost.

What it takes…