Vice President, Finance & Accounting Position Profile
ABOUT PRECISION EDGE SURGICAL PRODUCTS
Precision Edge is a world-renowned contract manufacturer of fine surgical components, cutting tools, and accessories. As a surgical cutting tool manufacturer, they pride themselves in their technical versatility and ability to assist their customers. They understand the fundamental requirement of superior performance from a surgical instrument and their team takes extreme pride in building quality products that provide a competitive edge for customers.
Since the beginning in 1989, their goal has been creating and manufacturing products of the highest quality and with the sharpest cutting edges in the industry. When surgeons are using one of their products, they want them to have full confidence in its performance.
Precision Edge employs talented people who design, develop and manufacture burs, blades, drills, reamers, taps, screws, rasps, instrumentation, and other surgical accessories for the orthopedic, ENT, neurology, podiatry, arthroscopy, and plastic surgery disciplines. They put forth the effort in making sure their products are the best!
Mission
Precision Edge Surgical Products is dedicated to the design and manufacture of surgical tools and accessories that are second to none in quality while providing exceptional value for our customers.
Facilities
Precision Edge has three locations in beautiful Northern Michigan and Northern Indiana: Sault Ste. Marie, located in the Upper Peninsula on the St. Mary's River connecting Lake Superior and Lake Huron, Boyne City, located in the Northern Lower Peninsula just two hours South on the shores of Lake Charlevoix, and Angola, Indiana, located an hour North of Fort Wayne on the Indiana-Michigan border.
Precision Edge is a wholly owned subsidiary of Marmon Holdings, Inc., a Berkshire Hathaway company. Marmon Holdings, Inc. may be the biggest company you’ve never heard of; it comprises 11 groups and more than 100 autonomous businesses with a total annual revenue of $10 billion. Marmon’s 20,000-plus team members serve diverse industries and markets worldwide. As a member of the Marmon team, you have access to career opportunities across the entire organization.
The Marmon Method
Marmon is built on trust. They believe their companies can do their best when they have the consulting and financial support they need. They believe their people can do their best when they are empowered to build their careers.
We’ve Partnered with Precision Edge!
At Comhar Partners, we are thrilled to collaborate with Precision Edge, a leading global manufacturer and supplier of high-quality precision-engineered components for various industries. As the organization continues to rapidly expand, we are proud to take the helm in the search for a highly skilled Vice President, Finance & Accounting. Precision Edge has earned global recognition for its unwavering commitment to delivering exceptional surgical engineering solutions, and extensive knowledge-sharing.
Certifications
Backing Up Quality with Certifications:
Their whole business is built on quality, but it’s easy to make that claim. It’s not easy to get the proper certifications to back it up. At Precision Edge, they stand behind their products and are proud to have the certifications to prove it.
Precision Edge has been certified by BSI to ISO 13485:2016 under certificate number FM 67209
Precision Edge is registered with the United States Food and Drug Administration (FDA).
Quality
Fine Surgical Cutting Tools & Instruments:
Since their inception, they have been about quality–the fundamental requirement of performance from a surgical instrument. Customers need it to do their job, so Precision makes it their job.
The Precision Edge Quality Policy:
Precision Edge Surgical Products Company LLC strives to become the supplier of choice for precision surgical products used in the Orthopedic Market. They are committed to customer satisfaction by meeting or exceeding all customer and regulatory requirements while maintaining the continued suitability, adequacy, and effectiveness of the Quality Management System (QMS), as well as medical safety and performance. They are dedicated to providing a safe work environment for their employees while protecting the environment for their community. They will achieve this while providing the highest quality products delivered on time and with exceptional service.
RECENT NEWS
POSITION OVERVIEW
The Vice President, Finance & Accounting is responsible for providing effective financial leadership for the company to grow responsibly. This role also oversees the company’s information systems strategy and sets IT direction based on business needs. This position manages the financial, risk, and information technology functions and is responsible for driving and building strong teams with a customer-service mindset. The successful candidate will also ensure the adequacy of internal controls and provide advice to all levels of management. As a vital member of the senior leadership team, the Vice President, Finance & Accounting will be responsible for properly informing the business on key financial metrics and partnering with senior leaders and business unit managers to advise on sustainable growth strategies.
Exciting Incentives
Precision Edge operates within the Marmon Medical group, a subsidiary of Marmon under the esteemed Berkshire Hathaway conglomerate. The new Vice President, Finance & Accounting will be integral to their dynamic and rapidly expanding organization, poised to effect immediate and substantial change. In this pivotal role, the successful candidate will actively lead financial and strategic initiatives, spearheading efforts to optimize plant operations, streamline processes, and enhance overall efficiency which will shape the future success of Precision Edge.
If you are ready to be a partner and make an impact in bringing Precision Edge to the next level, we want to speak to you!
ROLE & RESPONSIBILITIES
- Responsible for sustaining the health of the organization. Identify, onboard, and retain top talent, providing leadership and professional development for the finance and IT team. Develop and coach employees to achieve maximum potential. Sustain a culture of innovation, high energy, and performance.
- Analyze current operating results and business operations in terms of costs, budgets, policies of the organization, and trends as it relates to future business plans and increased profit opportunities.
- Oversee all financial, IT, and risk management activities for Precision Edge, including direct supervision of the departments.
- Coordinate the preparation of financial statements, financial reports, and supporting analyses (both defined and ad hoc), along with meaningful commentary to explain results to various levels with Precision Edge, Colson, and Marmon. Ensure that financial reporting requirements to corporate/sector/internal company deadlines and criteria are met.
- Ensure compliance with Marmon’s Standard Practice Instructions, Sarbanes Oxley internal controls, and FCPA. Ensure that financial and IT SOX documentation is maintained in a current manner. Coordinate and support internal/external audits.
- Oversee and modify for optimum efficiency and effectiveness the financial processes and supporting information systems of the Company including budgeting, forecasting, and financial reporting.
- Ensure compliance with Marmon, Colson, local, state, and federal reporting requirements.
- Ensure that the company general ledger, fixed asset, payroll customer billing, accounts receivable and payable, inventory systems, and routines operate effectively and efficiently.
- Responsible for review and approval of all contracts negotiated on behalf of the company.
- Provide general supervision and management of the day-to-day financial, risk, and IT affairs of the company.
- Interact with the management team to provide consultative support for business improvement initiatives through financial and management information analyses, reports, and recommendations.
- Ensure financial records & systems are maintained in accordance with generally accepted auditing standards.
- Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems.
- Provide assistance in managing/measuring working capital and pricing changes.
- Constantly maintain and drive a customer service mindset throughout teams; encourage cross-functional working relationships to enhance the delivery of the best possible service to internal and external users.
- Properly disseminate appropriate financial data within Precision Edge, Colson, and Marmon to aid corporate decision-making and planning.
- Manage the direction of information technology, directly overseeing the Manager of IT and assuring timely support to all areas of the company. Plan for the enhancement of existing systems, processes, and procedures as needed to meet the requirements of the business.
- Manage the risk department, ensuring ongoing company compliance to mitigate company risk.
- Provide proactive corporate development programs, including the modeling of various financial structures, restructuring, due diligence, and modeling of M&A activities.
- Direct the annual budget and quarterly forecast processes.
- Manage the relationship with outside auditors; direct the audit processes and ensure beneficial tax outcomes.
- Work in partnership with the Precision Edge leadership team to set and deliver strategy and operating results.
EXPERIENCE REQUIREMENTS
- Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles in a manufacturing environment.
- Knowledge of automated financial and accounting reporting systems and experience streamlining reporting for more efficient and effective results.
- Ability to analyze financial data and prepare financial reports, statements, and projections.
- Experience in strategic planning and execution.
- Knowledge of contracting, negotiating, and change management.
- Work requires strong professional written and verbal communication skills.
- Ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects.
- Ability to participate in and facilitate group meetings.
- Supervisory experience and strong influential management skills and interpersonal skills with a customer-service mindset is a must.
- Ten years of experience in a progression of accounting/financial positions, including five of these years in a senior level position.
- Bachelor’s degree in accounting or financial related field required.
- Master’s degree in Finance or Accounting / MBA is a plus.
- CPA or CMA preferred.
- Audit experience preferred.
- Must be able to travel as business requires.
CRITICAL COMPETENCIES FOR SUCCESS
Mission Driven
This individual must be intellectually sharp and clearly capable of thinking on their feet while demonstrating outstanding business judgment. The Vice President, Finance & Accounting will possess the analytical skills to improve overall productivity and elevate the company’s operations efforts as a point of differentiation in the marketplace.
Results Oriented
The new Vice President, Finance & Accounting must be performance-driven and able to provide measurable results. The successful candidate will be resourceful, action-oriented, and possess a proactive sense of urgency and the ability to overcome obstacles to produce results in a timely fashion. This individual will be comfortable in working in a lean organization and rolling up their sleeves to get things done.
Communication
The successful candidate should be comfortable, articulate, and dynamic in front of both external and internal audiences including employees, corporate leadership, and customers. The Vice President, Finance & Accounting will be direct, candid and possess strong conflict resolution skills. This will include effective negotiation skills with all constituents within and outside the company.
Perspective
This individual will provide a worldly perspective of macro and industry influences to assist in guiding the company in new directions. The ideal candidate will provide perspective coming in from outside the organization to aid in the collective leadership team’s understanding and acceptance of trends, insights, changing business perspective, and management strategies.
FOR MORE INFORMATION PLEASE CONTACT:
Title: Managing Director
Email: pmeder@comharpartners.com
Direct: (312) 313-8452
Mobile: (312) 203-8526
Title: Senior Associate
Email: tperdue@comharpartners.com
Direct: (312) 313-8463
Mobile: (352) 213-8500
