CHIEF FINANCIAL OFFICER
Strategy, Planning and Management
- Chief Financial Officer and strategic business partner to senior executive leadership team
- Assess and evaluate financial performance of organization with regard to long- term operational goals, budgets and forecasts,
- Provide insight and recommendations to both short-term and long-term growth plan of organization.
- Identify, acquire and implement systems and software to provide critical financial and operational information.
- Evaluate departments and make suggestion for automating processes and increasing working efficiency.
- Communicate, engage and interact with Board of Directors, CEO, COO and Executive Leadership Team.
- Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
- Select and engage consultants, auditors and investors.
- Recruit, interview and hire finance, accounting and payroll staff as required.
- Serve as a key member of executive leadership team and round table discussion panel.
- Participate in pivotal decisions as they relate to strategic initiatives and operational models.
- Interact with and bring department into line with Board of Directors plans initiatives and recommendations.
- Implement policies, procedures and processes as deemed appropriate by senior leadership team.
Financial Analysis, Budgeting and Forecasting
- Prepare and present monthly financial budgeting reports, monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
- Review and analyze monthly financial results and provide recommendations.
- Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
- Develop and maintain monthly operating budget and annual company operating budget.
- Manage financial planning and analysis department, supervise creation of reports, software implementation and tools for budgeting and forecasting.
- Participate in weekly conference calls with lenders, vendors and the executive leadership team.
Accounting, General Ledger, Administration and Operations
- Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software.
- Provide regular maintenance and backup of all accounting systems; supervise company financial staff.
- Review and ensure application of appropriate internal controls, SOX compliance and financial procedures.
- Ensure timeliness and accuracy of financial and management reporting data for federal funders, foundations, investors and company’s board of directors.
- Oversee the preparation and communication of weekly, monthly and annual financial statements.
- Oversee the preparation and timely filing of all local, state and federal tax returns.
- Ensure SOX compliance regarding all financial functions.
- Work with Human Resources to ensure appropriate legal compliance.
- Oversee the month end close process, constantly reviewing procedures while eliminating inefficiencies.
- Oversee preparation of monthly, quarterly and annual financial statements.
- Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
- Enhance and implement financial and accounting systems, processes, tools and control systems,
- Hire, develop and manage accounting directors, managers and staff.
- Serve as a key point of contact for external auditors; manage preparation and support of all external audits.
- Coordinate and strategize methods used to attain team goals with Chief Accounting Officer and Regional Controllers.
Financial Management
- 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.
- Financial Relations and Policies.
- Engage finance committee and/or board of directors to develop short term and long-term plans, projections and budgets.
- Represent company to banks, financial partners, institutions, investors, public auditors and officials.
- Remain current on audit best practices, and state, federal and local law regarding company operations.
Cash Management
- Oversee weekly cash management.
- Oversee AP Department, approve large payables, sign checks, and authorize large wires and ACHs.
- Supervise Accounts Receivable management and provide guidance relating to the collection process.
