Job Summary
The Director of Finance, reporting directly to the CFO, will be responsible for overseeing the financial operations of the company, including financial planning and analysis (FP&A), financial reporting, managing relationships with external accounting firms, and ensuring the accuracy and timeliness of financial statements. This role will directly manage a small internal team responsible for general accounting, accounts receivable (AR), and accounts payable (AP), as well as overseeing external resources for core accounting close functions and tax compliance.
Core Responsibilities:
Financial Planning and Analysis (FP&A)
- Develop and implement financial forecasting models, budgets, and long-term strategic plans to support the company's growth objectives.
- Analyze financial data and operational trends to identify opportunities and risks, and make recommendations to senior management.
- Collaborate with department leaders to establish financial targets and monitor performance against those targets.
Financial Reporting
- Oversee the preparation and analysis of monthly, quarterly, and annual financial statements, ensuring accuracy and compliance with GAAP and other relevant regulations.
- Prepare monthly reporting for key external partners through the transformation of operational data into requested financial formats, tying out to cash reconciliations.
- Provide financial insights and analysis to support decision-making and drive strategic initiatives.
External Accounting Firm Management
- Manage relationships with external accounting firms responsible for completing the monthly close process, audits, and other specialized financial projects.
- Coordinate with external firms to ensure timely and accurate financial reporting and compliance with regulatory requirements.
- Review and approve journal entries, reconciliations, and other accounting records prepared by external firms.
Variance Analysis
- Conduct thorough variance analyses to identify and explain discrepancies between actual and budgeted financial results.
- Collaborate with department leaders to address identified variances and implement corrective actions as needed.
- Provide regular updates to senior management on variance analysis results and recommendations.
Vendor Management
- Calculate and process invoices to pay vendors, ensuring accuracy and compliance with company policies and procedures.
- Track and pay internal and external vendors, managing relationships to ensure timely payments and optimal service levels.
- Implement and maintain a vendor management system to streamline processes and improve efficiency.
General Accounting, AR, and AP Management
- Oversee a small internal team responsible for managing general Accounts Receivable, Accounts Payable, and Payroll processing.
- Implement and enforce internal controls and procedures to maintain the integrity of financial records and safeguard company assets.
Basic Tax Compliance
- Oversee basic tax compliance functions, including assisting with an external team in the preparation and filing of federal, state, and local tax returns.
- Ensure compliance with applicable tax laws and regulations and maintain accurate records for tax reporting purposes.
- Collaborate with external tax professionals as needed for specialized tax projects and consulting.
Qualifications:
- Bachelor's degree in Finance, Accounting, or a related field; MBA and/or CPA related advanced degree preferred.
- Minimum of 5-7 years of progressive finance and accounting experience, including management experience in a fast-paced, dynamic environment.
- Strong understanding of financial planning, analysis, and reporting principles.
- Experience working with external accounting firms and managing the monthly close process.
- Proficiency in financial modeling, budgeting, and forecasting techniques.
- Excellent leadership, communication, and interpersonal skills.
- Ability to work independently and manage multiple projects simultaneously.
- Proficiency in financial software and systems, including ERP, financial modeling, and reporting tools.
- CPA or CMA certification preferred.