SVP, Deputy Chief Financial Officer
Brentwood, TN, USA | Delek
Industry:Energy / Renewable Energy / Oil & Gas
Functions:Accounting / Control
Job Description:55 people have viewed this job
The Deputy Chief Financial Officer role is strategic in nature and is responsible for directing the financial and accounting functions of two public companies, Delek US Holdings Inc. (NYSE:DK) and Delek Logistics Partners LP (NYSE:DKL). The Deputy CFO will have primary responsibility for overseeing middle office and supporting general accounting, treasury, and Business Process Optimization. The Deputy CFO will be an integral part of Delek US Holdings’ and Delek Logistics’ Executive Teams and possess high energy, capacity and ability to translate transformative experiences into actions. He/she must have the business and professional pedigree to command respect and lead cross-functional teams through complex and strategic transactions. The role will be based at the companies’ headquarters located in the greater Nashville, Tennessee area.
Provide strategic support to the CFO in the formulation of the companies’ strategic direction and supporting tactical initiatives.
Provide recommendations to strategically enhance financial performance and build balance sheet strength to support business opportunities.
Provide leadership and management of two publicly traded companies, of $750MM to $3.0 billion market cap each, total revenue of ~$10 billion.
Direct and oversee all aspects of the Middle Office and in support of General Accounting, Tax, Treasury, and Business Process Optimization.
Ensure the credibility of the Finance group by providing timely and accurate analysis of budgets, financial trends and forecasts.
Provide strategic leadership and demonstrate creativity in capital structures, investment options and forecasting.
Manage processes for financial forecasting, budgets and consolidation and reporting results to the Company.
Identify, acquire and implement systems and software to provide critical financial and operational information to the business units.
Ensure that effective internal controls are in place to ensure compliance with GAAP and applicable federal, state and local regulatory laws and rules for public company financial and tax reporting.
Maintain banking relationships.
Participate in presentations to and conference calls with the investment community.
Personally review and approve all Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission.
Understand and mitigate key elements of the Company’s risk profile.
Maintain relations with external auditors; review their findings and recommendations; and report findings, activities, and remediation activities to the Audit Committee of the Board of Directors.
Monitor cash balances and cash forecasts, and maintain adequate liquidity to support ongoing operations of the business.
Arrange for debt and equity financing to support day-to-day operations and strategic initiatives.
Prepare and communicate key information to banks and rating agencies in support of company goals and activities
Plan, manage, and conduct financing activities including asset-backed facilities, revolving credit facilities, high yield offerings and public debt offerings.
Plan, manage, and conduct equity financing activities including initial public offerings, shelf offerings, options, warrants, etc. including coordination with other departments for appropriate supporting document development (S-1, S-3, etc.).
Participate in the selection, evaluation, negotiation, and integration of mergers and acquisitions, as well as supporting divestiture activities.
Coordinate and manage processes regarding inter-company activities between DK and DKL, including analysis and execution of drop down transactions, interaction with Conflicts Committees and other activities as needed.
Lead and manage a staff of [two-three] key direct reports and an indirect staff of ~ employees.
Maintain in-depth relationships with all members of the Executive Teams; participate in key decisions as a member of the Executive Teams.
Key Priorities for the Next 12-24 Months
In the first 12 months, the new Deputy CFO will need to become grounded in the businesses but must get off to a fast start. Key priorities requiring the Deputy CFO’s leadership and attention include:
Develop strong relationships across the existing Executive Teams and become a visible leader within the companies.
Play a meaningful role in developing the organizational transition of structure and capabilities, with particular focus on the finance and accounting functions and new systems, necessary to manage the increasing complexity of the companies and efficient organization.
Build and lead a well-organized communication plan for key stakeholders including the CFO and banking partners in this period of significant change.
Support CEO and the CFO in evaluating merger and acquisition (M&A) transactions.
The successful candidate will be a strategically-oriented, experienced finance leader with a proven track record of driving change and financial results with a good reputation in the investment community. The Deputy CFO must have a strong grasp of the financials of the companies and the energy to drive progress in achieving business results. It is important to note that one of the companies’ strategic advantages is the ability to develop and manufacture product tailored to different customers’ specifications. As such, there is much more complexity in product development, contracting/pricing and supply chain management than is typically found in a large manufacturing company. To be effective and a valued business partner, this person must be a high energy, hardworking, and highly collaborative leader who puts the success of the organization ahead of their own ego. Our successful candidate should also be a strong communicator, negotiator and capable of extending influence beyond core finance and accounting topics.
The ideal candidate will have successfully demonstrated the roles and responsibilities outlined above and should possess the following knowledge and technical experience:
The successful candidate will also have the following performance and personal competencies:
Demonstrating Delek’s Core Values
Provides a visible example and embodiment of Delek’s core values; recognizes and acknowledges exemplary core value demonstrations by team members; leads from the front, and sets examples for others.
Getting Work Done Through Others
Manages people well; gets the most and best out of the people on the team; sets and communicates guiding goals; measures accomplishments; holds people accountable and gives useful feedback; delegates and develops; keeps people informed, provides coaching for today and for the future.
Focusing on Action and Outcomes
Attacks everything with drive and energy with an eye on the bottom line; not afraid to initiate action before all the facts are known; drives to finish everything he/she starts; ignores artificial obstacles to the completion of work or obtaining desired outcomes.
Managing Work Processes
Is an effective process, work flow and systems designer; is good at figuring out what to measure to track progress; sets up systems that can require limited management time to function; is a master at the effectiveness and efficiency of work systems; can quickly diagnose and fix a work flow problem; always looks for incremental process improvement.
Is skilled at getting individuals, teams and an entire organization to perform at a higher level and to embrace change; negotiates skillfully to achieve a fair outcome or promote a common cause; communicates a compelling vision and is committed to what needs to be done; inspires other; builds motivated, high-performing teams; understands what motivates different people.
Being Open and Receptive
At ease and relaxed; easy to talk to and to get to know; listens attentively; is an open book; has a positive sense of humor; deals calmly with stress and gives people a chance to catch up.
Demonstrating Personal Flexibility
Open to lifelong, continuous personal improvement; aware of self and impact on others; responsive to feedback; is very flexible; can act in ways that seem contradictory and is adaptable to demand characteristics of different situations.
Executive presence; Can immediately command respect; credible problem-solver with the ability to analyze problems carefully and conceptualize solutions; ability to be viewed as a resource or expert for internal and external stakeholders.
It is the practice of owning everything in your world, to an extreme degree. It means you are responsible for not just those tasks which you directly control, but for all those that affect whether or not your mission is successful.
Ability to Multi Task
Employees who multitask effectively must be able to rotate their concentration smoothly and entirely from one activity to another. In order to multitask successfully, employees must be able to prioritize tasks and address the most critical and pressing demands first.
Is the act of taking care of the customer's needs by providing and delivering professional, helpful, high quality service and assistance before, during, and after the customer's requirements are met.
Polished; good listener; excellent written and oral communication skills.
A hard work ethic and high energy level; honest and straightforward; outstanding integrity.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin, disability status, protected veteran status, or any other characteristic protected by law. Equal Opportunity Employer/Disabled/Veterans.
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