Chief Financial Officer

Steel Partners is a private company that engages in multiple businesses through consolidated subsidiaries, associated companies, and other interests. It owns and operates businesses and has significant interests in leading companies in various industries, including diversified industrial products, energy, defense, supply chain management and logistics, banking, and youth sports. Together, Steel Partners’ businesses generate over $2.0 billion in revenue and employ more than 5,000 people in multiple countries.

JPS Composite Materials (JPS, ) is a wholly owned operating company within the Steel Partners Diversified Industrial Segment. JPS is a manufacturer of high-performance fabrics servicing the aerospace, military, commercial, and industrial markets. The company’s materials are used in a multitude of composite matrix applications including commercial aircraft interiors, radomes for commercial and military aircraft, ballistic applications for military vests and vehicles, and electronic applications including automobile sensors and telecommunication antenna.

JPS has over 60 years of experience in our markets and is the primary supplier of these products in North America. The administrative headquarters is in Anderson, SC and manufacturing facilities are in North and South Carolina.

The Reporting Structure

The CFO will report directly to Keith Bendyk, President of JPS. Direct reports include JPS Controller, IT Manager, and I-5 Systems Manager.

Performance Profile

The CFO is an integral part of the JPS senior management team, serving as a true business partner and financial counsel to the President involving strategic planning, policy development and implementation, compliance and reporting in support of corporate objectives. Specifically, the Director of Finance will proactively:

• Provide accurate and timely submission of JPS financial reporting and forecasting to Steel Partners.
• Lead the annual budget process.
• Provide insight into the business and sound financial analysis for senior management.
• Identify new profit opportunities within the existing business.
• Support expansion efforts in existing and new markets; this will come from a combination of organic growth and a robust acquisition strategy.
• Maintain the financial integrity of the organization with Generally Accepted Accounting Principles (GAAP) and adequate financial controls that are established and maintained in accordance with Sarbanes-Oxley and corporate guidance.
• Help the management team drive the profitability of the business.
• Drive improvements in efficiency and effectiveness through the development and utilization of system tools and the automation of processes.
• Develop talent and processes within the JPS finance organization to meet the requirements of the business, changes in accounting standards and strong internal controls.
• Provide overall strategic direction to the Accounting, Purchasing, IT and Transportation organizations, in conjunction with the respective area manager.

The CFO holds full accountability for the integrity of JPS’s financial statements, accurately reporting financial and other information that forecasts the company’s business activity and financial position as required to meet business reporting and financial regulation needs internally and externally. The Director of Finance provides support to Steel Partners to ensure corporate financial policies, procedures and controls are in use and fully effective at the Company.

In addition, the Director of Finance effectively leads the Financial and Accounting, IT, Purchasing and Transportation functions. Lean expertise and experience with driving restructuring activities including cost structure analysis, optimization, and change management activities.

Performance Objectives Are As Follows

Business Partnership / Strategic Planning

• Support annual Strategy Deployment Process (SDP) and general business planning by recommending objectives that will result in financial growth and stability while identifying profit and growth opportunities.
• Lead budget and forecasting process at both corporate and departmental levels. Support Sales & Operations Planning with accurate financial…