CFO Benelux region
Context of the recruitment

Trescal is a major player in calibration services and provides “one-stop shop” services on test and measurement (T&M) equipment including verification, calibration and repair.
The Group realizes nearly €530 M of sales in Europe, the Americas and in Asia Pacific. It aims to double its size by 2027, organically and by acquisitions.
It has historically built a leadership position in Belgium and Netherlands reaching €54 M sales and €12 M EBITDA. It intends to continue growing in the zone both in Sales and EBITDA organically and via external acquisitions.
Ambition is to reach €70 M of revenues by the year 2027.
Trescal is now looking for a new CFO to provide financial support to the General Manager and to continuously improve our finance department.

Primary purpose of the Role

Responsible for all financial aspects of BNL operations;

• Ensure all local statutory compliances are executed in due time (accounting, tax, legal, and social in coordination with the HR manager);
• Provide leadership and coordination in the finance department, analyse and interpret financial and operational data trends and provide insight and recommendations to Trescal BNL management.
• Insure proper management of cash across the zone
• Insure a rapid integration of all new acquisitions, from a finance perspective;

Reports to BNL General Manager but with a strong dotted line to the Chief Financial Officer of the Northern Europe Region;

Main roles and responsibilities

Accounting & Financial Controls and Compliance:

• Ensure all statutory and contractual obligations are properly fulfilled and that changes in local regulations are properly anticipated and implemented;
• Ensure Group accounting policies and procedures are enforced in all countries;
• Ensure any additional required policies and procedures are developed, as needed, in coordination with Trescal Corporate Finance;
• Oversee the coordination and activities of external auditors and the preparation of the annual financial statements is in accordance with local GAAP and IFRS;
• Overall, you ensure compliance with anti-fraud, anti-sanctions, …procedures, as listed by the Group or required locally in all Countries

Organization:

• Bring clarity to the roles and responsibilities of the Finance team
• Cost optimization of the structure - ensure effectiveness of the shared service centre implemented in Belgium covering the region
• Train the Finance teams and other operational staff across the region to raise awareness and knowledge of financial management matters;

Transformation of finance procedures:

• Optimising financial procedures and implementing possible RPA solutions (including the automation, of the invoicing process)
• Implement Microsoft Business Central (Exact system used today in 3 legal entities)
• Participate or take the lead on the extension of the shared service center covering countries outside of the BNL zone, within Northern Europe

Planning, monitoring and reporting:

• Analyse and report on trends, opportunities for EBITDA and FCF growth;
• • Pinpoint potential weak areas and implement corrective action plans;
  • Implement strong controls and understanding of staff cost variations;
• Guarantee preparation of all reporting for all countries/entities of the BNL region:
• • Statutory, contractual and internal recurrent or ad hoc reporting;
  • Monthly P&L, Balance Sheet, Free Cash Flow and non-financial KPIs reporting to the Group;
  • Quarterly reporting for Consolidation purposes;
• Prepare monthly Business Review with assistance / cooperation of local Finance teams and Business Managers;

Cash Management:

• Ensure a strong and robust cash management process exists across all entities of the BNL region, including a cash flow forecast
• Manage the Working Capital Requirement, with a strong focus on DSO, ensuring actions are taken to permanently optimize DSO

Acquisitions:

• Ensure that all acquisitions are rapidly integrated into the Trescal Finance systems and comply with internal policies;
• • Perform all integration steps in total autonomy or coordinate the support of external auditors to whom it would be delegated (completion accounts, opening balances, historical trial balances, …);
• Assist / lead management in operation integration;

Operations:

• Participate in key decisions as a member of the Management Committee team;
• Interact regularly with other managers of the management team to provide support and initiatives through financial analyses, reports, and recommendations;

Risk Management:

• Be the interface to the Nothern Europe CFO and Group Finance Department (CFO , FP&A, Legal Manager and Treasurer) to ensure all information is shared so that the local entities comply with all legal requirements, statutory and Internal;
• • To support local Management in contractual review according to Group procedures
  • To help the Group Finance team to mitigate key elements of the company's risk profile;
  • To help the Group Finance team to monitor all open legal issues involving the company and maintain appropriate insurance coverage;
  • To train employees on legal contractual matters to ensure compliance with Group risk policy

Experience and Skills

• Minimum 10 years of Controlling / Business Partner experience in divisions of a large international group
• • First experience in an audit firm (Big 4) strongly preferred
  • Experience as statutory CFO in a company > €40 M is mandatory

• Analytical aptitude. Advanced analytics to fuel decision-making

• Business Intelligence

• Comfortable with most recent analytical tools

• Leadership skills: Ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects;
• • Strong level of written and oral communication skills with ability to participate in and facilitate transverse projects;
  • Strong intercultural skills as this is a multicultural role;

• Languages: Dutch and English, French is a plus but not mandatory

• Master Degree in Finance, MBA or equivalent required;

• 20% travel required (mostly Benelux region)

• References required;

Package
Salary + bonus plan
Company car
Meal vouchers
Pension plan
Hospital insurance
Cell phone and laptop

Trescal Be Ne Lux

• Headquartered in Antwerp
• More information on the Trescal website trescal.be
• Interested in this position? apply online or send your resume to jointheteam.benelux@trescal.com