Chief Financial Officer - Machining Div

Lean Focus

  • Toledo, OH
  • Permanent
  • Full-time
  • 2 months ago
Chief Financial OfficerPOSITION: Chief Financial Officer (CFO)LOCATION/TRAVEL: Toledo, OH areaREPORTS TO: President and CEOTRAVEL: Up to 15% domesticPOSITION SUMMARY:Our client is seeking a Chief Financial Officer to join their machining business in the Toledo area! The right candidate will be a data-driven thought partner who works cross-functionally to help teams dive deeper into their financials. The CFO will be a key player in transforming the organization into a market-leading platform in precision components manufacturing. Backed by a robust commercial and operational strategy, our client is targeting $60M in revenue and 25%+ EBITDA within three yearsJOB RESPONSIBILITIES:
  • Develop and execute forward-looking financial strategy to support business transformation and scale revenue from $32M to $60M.
  • Drive EBITDA margins to 25%+ through disciplined financial management, pricing optimization, and cost efficiency.
  • Partner with President to align capital allocation with strategic priorities, including CapEx, automation, and Lean.
  • Build data-driven FP&A framework to enable proactive decision-making.
  • Develop and maintain robust forecasting, budgeting, and financial modeling tools.
  • Monitor key metrics:
  • Revenue Growth Rate
  • EBITDA Margin
  • Operating Expense Ratio (<25%)
  • Working Capital Efficiency (DSO, DPO, Inventory Turns)
  • Capex ROI
  • Maintain strong liquidity to support operational growth, M&A, and facility investments.
  • Optimize working capital via strategic inventory, receivables, and payables management.
  • Lead CapEx planning to align with business scalability.
  • Lead cost reduction and margin expansion with operations and supply chain.
  • Optimize product and customer-level profitability through dynamic pricing.
  • Identify and drive margin expansion in core verticals: medical, aerospace, automation.
  • Lead financial due diligence and modeling for strategic acquisitions targeting $5M EBITDA.
  • Ensure seamless post-merger financial integration: systems, reporting, and cost structures.
  • Capture synergies across acquired platforms to drive value creation.
  • Uphold financial integrity with strong controls, accurate reporting, and audit readiness.
  • Ensure compliance with regulatory, tax, and investor requirements.
  • Lead enterprise risk management focused on market volatility, supply chain, and financial exposures.
EDUCATION AND EXPERIENCE:
  • Bachelor’s degree in finance, accounting, economics, or a related field.
  • MBA with a focus on finance or accounting is preferred.
  • 10+ years of progressive financial leadership, with at least 5 years as a CFO, VP of Finance, or equivalent in a manufacturing or industrial business.
  • Proven experience scaling a mid-market company (preferably private equity-backed) to $50M+ in revenue.
  • Deep expertise in FP&A, cost accounting, working capital management, and M&A execution and a demonstrated ability to build FP&A discipline, processes, and teams from the ground up.
  • Familiarity with Lean manufacturing environments, ERP systems, and financial reporting standards.
  • Continuous Improvement (CI) Expertise with a proven track record of driving continuous improvement in top-tier business systems.
  • Track record of achieving measurable improvements in gross margin, operating expenses rationalization, and working capital reduction.
  • Extensive experience managing multiple acquisitions from diligence through integration.
  • Professional certifications like CPA or CFA are highly valued.
Lean Focus LLC is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, sexual orientation, disability, or protected Veteran status.COMPANY DESCRIPTION:At Lean Focus, we help businesses overcome their biggest challenges by transforming them for the better, and for the long-term. A "who's who" of global leaders in every industry, our clients include some of the world's most respected brands and several members of the Fortune 1000.

Lean Focus