Chief Financial Officer

Description of the Position:

The Chief Financial Officer will direct and oversee the financial activities of the corporation, direct the preparation of current financial reports and summaries, and create forecasts predicting future growth.

Responsibilities:

• Oversees Accounting department, budget preparation, and audit functions.
• Works with other department heads to monitor each department and make recommendations.
• Directs the preparation of all financial statements, including income statements, balance sheets, shareholder reports, tax returns, and governmental agency reports.
• Compares sales and profit projections to actual figures and budgeted expenses to actual expenses; makes or oversees any necessary adjustments to future projections and budgets.
• Reviews planning process and suggests improvements to current methods.
• Analyzes operations to identify areas in need of reorganization, downsizing, or elimination.
• Works with the President and other executives to coordinate planning and establish priorities for the planning process.
• Studies long-range economic trends and projects their impact on future growth in sales and market share.
• Identifies opportunities for expansion into new product areas.
• Oversees investment of funds and works with investment bankers to raise additional capital required for expansion.
• Manage cash flow planning process and ensure funds availability.
• Oversee cash, investments, and asset management area.
• Explore new investment opportunities and provide recommendations on potential returns and risks.
• Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
• Utilize forward-looking models and activity-based analyses to provide financial insight into the organization's plans and operating budgets.