Chief Financial Officer

CHIEF FINANCIAL OFFICER CFO

• The CFO will direct all aspects of the Finance and Accounting functions, including financial reporting, financial planning and analysis, credit, controls, risk management, tax, treasury, and bank and investor relations.
• The CFO is a strategist and key member of the senior management team and will work closely with the President and General Manager to provide support for decisions in every facet of the business. 
• My client is looking for a very hands on CFO who will be responsible with ensuring smooth day to day accounting and financial operations.

ESSENTIAL JOB DUTIES AND RESPONSIBILITIES:

• Maintains finance and accounting department staffing through hiring, training, and performance management.
• Ensure ledger accounts are managed in accordance with GAAP/FASB standards, state accounting procedures, and appropriate internal controls; analyze and resolve nonstandard accounting transactions; analyze accounts and accounting relationships that result in complex accounting entries; initiate appropriate corrections into accounting records; interact with other staff to explain accounting policies and procedures and resolve accounting discrepancies and disputes.
• Directs accounting procedures and internal controls for asset and liability accounts, revenue and expense accounts, and equity accounts to ensure compliance with accounting standards and operating procedures. Accounts for revenues, expenditures, transfers, accounts payable, accounts receivable, and inventory in accordance with GAAP/FASB to accurately report the results of operations.
• Verifies source documents for accuracy, completeness, authorization, and coding, as well as proper application of fees, refunds, collections, and discounts in order to verify general ledger balances, reconcile subsystems to the general ledger, and identify accounting system problems or weaknesses.
• Reconciles accounts, initiates corrective actions, and formulates and recommends system and process changes through evaluation, analysis of problems, and application of accounting principles.
• Directs monthly reconciliation of inventory counts between physical inventory and accounting software.
• Manages all functions associated with proper entry and processing of vendor invoices, ensuring proper Income Statement/Balance Sheet classification, and timely payment.
• Coordinates with purchasing staff to resolves any invoicing and payment issues.
• Direct and manages day-to-day revenue operations.
• Identifies daily activity in bank accounts; manages the daily reconciliation of bank to book balance and reconciliation of all credit card transactions; reviews posting of retail activity.
• Manages lines of credit and other financing facilities through developing banking relationships, monitoring and monthly reporting for capacity calculations.
• Manages cash flow and provides timely communications regarding the future cash projections, revenue estimates, and expenditure projections for planning and budgetary purposes.
• Compiles annual budget and tracks/reports monthly on variances.
• Update financial models and analyze budget to actual activity and report analysis of quarterly balance sheet and P & L fluctuations.
• Manages year- end reconciliations, annual audit preparation and process and other assigned reports with outside independent accounting advisors.
• Directs quarterly and annual tax filings, property and sales/use tax returns.
• Directs accounting team in month-end, quarter-end and year-end closing; ensure balance sheet accounts reconciliations; report monthly expense variance analysis.
• Reviews and analyzes labor reporting and cost, material costs, manufacturing overhead, distribution cost, returns and inventory levels, making recommendations for improvement and savings.
• Works closely President and General Manager in accumulating capital to fund growth by assisting with financing opportunities, including preparation and presentation for Venture investors.
• Manages and continues to develops finance organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organizational objectives.
• Manages and reports financial status by developing forecasts; reporting results; analyzing variances; developing improvements.
• Develops organization prospects by studying economic trends and revenue opportunities; projecting acquisition and expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement;
• Responsible for constant evaluation of accounting and general ledger processes in order to facilitate improvement and create additional efficiency where appropriate.
• Will implement in written format standard operating procedure for all accounting functions; continually assess and improve where necessary all internal controls.
• Works closely with other managers/supervisors to implement the company’s policies and goals.
• Must work cooperatively with production, procurement, customer services, product development and marketing personnel in order to coordinate accounting activities as they relate to inventory, materials purchases, sales and new products.
• Analyzes company data, write, review and present appropriate reports to leadership team; utilizes standard and company software to enter and analyze data.
• Supports and create a positive environment while implement the company’s policies and goals;
• Maintains individual skills keeping up to date with latest accounting and finance concepts. Maintain knowledge of laws, regulations, emerging trends and best practices in accounting and finance.

KEY COMPETENCIES:

• Broad financial and accounting skill set encompassing operational finance, financial planning and analysis, treasury, and audit management.
• Expert of accounting principles, GAAP, FASB and financial management concepts
• Strong financial systems and internal controls knowledge, project management, collaboration, and facilitation skills with ability to drive action through others.
• Strong corporate finance skills
• Problem solver with ability to work under pressure in an environment of constantly shifting priorities and changes.
• Ability to work with confidential data, maintaining integrity of confidentiality.
• Highly skilled in dealing with financial and numeric data
• Expert analytical and problem solving skills
• Must be a critical thinker
• Must be a collaborator
• Must possess an obsession with attention to detail
• Team player and have ability to work independently
• Ability to adapt to a fluid environment and manage time wisely in order to meet deadlines

MINIMUM EDUCATION AND EXPERIENCE:

• A Bachelor’s Degree in Finance, Accounting or Business Administration or related field from an accredited institution, with preference given to Master of Business Administration, CPA or CMA certification.
• Five years of financial managerial experience with at least 3 of those years’ experience in a manufacturing environment is required.
• Proficiency in understanding and use of personal computers, expert level Excel use, and financial software familiarity.
• Must be technologically savvy and have the ability to quickly learn financial software applications.