Vice President of Working Capital Management presso MISTRAS Group, Inc.

The VP/Director of Working Capital Management plays a crucial role in optimizing a Company's working capital, ensuring efficient cash flow, and improving overall financial performance, through the effective management/oversight of the order-to-cash cycle (O2C) and procure-to-pay cycle (P2P). This would be achieved by strategically overseeing and tactically managing, short-term assets and liabilities, in order to optimize liquidity, improve cash flow, and enhance profitability. A key focus area is days sales outstanding (DSO) optimization, by minimizing unbilled Work-in-process (WIP), and minimizing trade Accounts Receivable (AR).   Accounts Payable (AP) management, Inventory Purchasing, and Vendor Financing/Capital Expenditures - the procure-to-pay (P2P) cycle are within scope as well for this role, but are of a lower priority than the order-to-cash cycle (O2C).    

MAJOR RESPONSIBILITIES/ACTIVITIES:

Key responsibilities within O2C cycle:

• Oversee End-to-End O2C Process: Optimize the entire order-to-cash process, including order entry, credit management, billing, collections, and cash application.
• Optimize Working Capital: Implement strategies to enhance cash flow and reduce Days Sales Outstanding (DSO) and other key metrics related to working capital.
• Drive Process Improvement & Transformation: Identify inefficiencies and lead initiatives to streamline O2C processes, leverage automation, and implement best practices to improve efficiency and accuracy.
• Team Leadership & Development: Lead, mentor, and develop a high-performing team of Finance and O2C professionals, fostering a culture of accountability and continuous improvement.
• Cross-Functional Collaboration: Partner with Operations, Sales, Finance, IT and other departments to ensure smooth operations and alignment with business objectives.
• System Optimization: Support the optimization and implementation of ERP systems and other technologies related to order processing, billing, and collections.
• Reporting & Analysis: Develop and analyze key performance indicators (KPIs), generate reports for senior leadership, and provide insights into trends, risks, and improvement initiatives.
• Compliance: Ensure adherence to internal controls, company policies, and relevant financial regulations. 

Overall Working Capital Optimization:

• Develop and implement strategies to optimize management of accounts receivable, accounts payable and inventory.
• Analyze cash conversion cycles and identify opportunities to improve efficiency.
• Partner with other departments (Sales, Procurement, Operations) to implement improvements and achieve working capital objectives.

Cash Flow Management and Forecasting:

• Assist with developing and managing cash flow forecasts and budgets, including trend and seasonal analysis.
• Monitor cash balances and ensure sufficient liquidity to meet short-term obligations.
• Identify potential risks and gaps in working capital management and recommend mitigation strategies.

Accounts Receivable Management:

• Develop and implement credit policies and collection practices to expedite cash inflows.
• Monitor accounts receivable aging and proactively addressing overdue accounts.
• Collaborate with Operations to resolve problematic accounts and improve collection rates.

Accounts Payable Management:

• Manage obligations to suppliers and optimize payment terms.
• Explore opportunities for early payment discounts and negotiating favorable terms.
• Build strong relationships with suppliers to ensure flexibility and optimize working capital.

Inventory Management:

• Work with Operations and Procurement to help optimize inventory levels and turnover ratio.
• Implement efficient inventory management strategies.

Purchasing, Vendor Financing and Capital Expenditures

• Collaborate with Finance, Operations and Procurement to optimize outflows related to Purchasing, Vendor Financing and Capital Expenditures

Financial Analysis and Reporting:

• Analyze financial data to identify trends, patterns, and anomalies related to working capital.
• Prepare and present financial reports to senior management, highlighting key trends and issues.

Leadership and Team Management:

• Lead and develop a team of finance professionals focused on working capital management.
• Foster a culture of continuous improvement and data-driven decision-making within the team.
• Build strong working relationships with all stakeholders to drive alignment and achieve financial goals. 
• Assist in the preparation of budgets and forecasts.

Participate in special projects, at the direction of management

MISTRAS Group, Inc. is committed to equal employment opportunity. Employment decisions including initial hiring and all matters involving the terms and conditions of employment will be made without regard to any protected class under applicable law. If hired, the employment relationship is “At-Will,” which means that employment can be terminated at any time, and for any reason, at the option of either the Company or the employee.  Please direct questions about these policies to a MISTRAS Group, Inc. Human Resources representative. 

By submitting & signing , I hereby understand and agree to the terms and conditions of employment as outlined above.  I certify that the responses and information provided in this application (including any other supporting documentation such as a cover letter, resume, or transcript) are true and accurate to the best of my knowledge. I understand that misrepresenting or omitting information requested is cause for dismissal at any time, without notice. I hereby give the Company permission to contact schools, previous employers (unless otherwise indicated), references, and others disclosed in my application. 

Note to Applicants:

Smoking is prohibited in all indoor areas of the Company.  Employees may use designated smoking areas (if established) in accordance with applicable state and local law.

Rhode Island Applicants: The Company is subject to Chapters 29-38 of Title 28 of the General Laws of Rhode Island, and is therefore covered by the state’s workers’ compensation law.

Initial (if applicable):    Massachusetts Applicants: I understand that it is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Initial (if applicable):    Maryland Applicants: I UNDERSTAND THAT UNDER MARYLAND LAW, AN EMPLOYER MAY NOT REQUIRE OR DEMAND, AS A CONDITION OF EMPLOYMENT, PROSPECTIVE EMPLOYMENT OR CONTINUED EMPLOYMENT, THAT ANY INDIVIDUAL SUBMIT TO OR TAKE A POLYGRAPH OR SIMILAR TEST. AN EMPLOYER WHO VIOLATES THIS LAW IS GUILTY OF A MISDEMEANOR AND SUBJECT TO A FINE NOT EXCEEDING $100.

Mistras Group, Inc. is an Equal Opportunity Employer/Veterans/Disabled: