Divisional Chief Financial Officer

  • Job ID

    18132
  • City:

    Andover
  • State:

    MA
  • Zip:

    01810
  • Industry:

    Accounting-Finance
  • Salary:

    $150,000.00 - $190,000.00

Job Description

Divisional Chief Financial Officer

 

Purpose & Scope: Senior Executive leader of the financial accounting operations of the Company, including financial oversight of foreign subsidiaries. This individual will report directly to the President of the company and to the parent company Chief Financial Officer (for financial reporting), and will be responsible for overseeing and managing the preparation of all financial statements and management reporting, including the establishment of appropriate financial policies, procedures, internal controls and financial reporting systems. The CFO is the leader of the Accounting and Finance Department and insures timely and accurate financial reporting in accordance with GAAP, and is guided by a comprehensive set of controls & budgets designed to mitigate risk and enhance the accuracy and integrity of the company’s reported financial results. The CFO will oversee a staff of accountants including a VP Finance, Controller and an Assistant Controller.

Responsibilities:

  • Partner with the President of the Company to profitably grow and expand the company to become a market leader in the products specialty` area.
  • Lead the Finance function’s participation in extensive M&A activity, including due diligence, identification and achievement of synergies, purchase accounting and post-acquisition integration.
  • Maintain well documented systems of accounting policies and procedures, and guides financial decisions by establishing, monitoring and enforcing policies and procedures.
  • Oversee the timely and accurate preparation of general ledger entries, asset management, capital accruals and reconciliation of general ledger accounts. Ensure effective and efficient processes and controls.
  • Maximizes return and limits risks by developing and instituting appropriate internal controls.
  • Maintain a strong knowledge of GAAP in order to facilitate the processing of timely and accurate accounting entries and disclosures. Area of focus includes financial statement preparation, employee benefit accounting and asset management.
  • Coordinate period end and year end company financial statements, conducting audits.
  • Validate and prepare financial reports for management, including reports for senior management and the Board of Directors.
  • Prepare budgets by establishing schedules; collecting, analyzing and consolidating data and recommending plans.
  • Achieves budget objectives by scheduling expenditures, analyzing variances; initiating corrective actions.
  • Provide consultative and analytic support on accounting issues to Company’s operations.
  • Review financial data to ensure compliance with accounting rules.
  • Perform complex financial analysis and coordinate strategic and process development initiatives with minimal supervision and guidance.
  • Lead and facilitate the testing and implementation of new automated systems and enhancements to existing systems. Ensuring proper training to all department members and impacted company personnel.
  • Coordinate activities with external auditors during financial statement preparation process.
  • Approve general ledger entries and account reconcilements.
  • Participate in annual physical inventory.
  • Complies with federal, state, and local legal requirements by studying existing and new legislation; anticipating future legislation; enforcing adherence to requirements; filing financial reports; advising management on needed actions.
  • Ensures operation of equipment by establishing preventive maintenance requirements and service contracts; maintaining equipment inventories; evaluating new equipment and techniques.
  • Completes operational requirements by scheduling and assigning employees; following up on work results.
  • Maintains and builds financial team by recruiting, selecting, orienting, and training employees.
  • Maintains financial team performance results by coaching, counseling, and disciplining employees; planning, monitoring, and appraising job results.
  • Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.
  • Protects operations by keeping financial information and plans confidential.

Requirements:

  • Bachelors degree in Accounting; CPA, MBA and/or CMA preferred.
  • 10+ years of related experience, e.g., Senior Financial Executive with extensive experience in a manufacturing environment with a minimum of $100M in annual revenues.
  • 10-15 years of Manufacturing Inventory Cost Accounting experience required.
  • Experience working in a multi-state business environment
  • Leadership, coaching and professional managerial/supervisory experience
  • Highly motivated and self-starting individual with track record of meeting deadlines and achieving objectives
  • Strong analytical and problem solving skills
  • Excellent written and oral communication skills
  • Ability to manage time lines and deliverables
 

WHAT CANDIDATES SAY ABOUT THIS RECRUITER: David was extremely helpful throughout the recruitment process. The hireneXus program was invaluable for preparing for the interview and David was there every step of the way to provide guidance and feedback. I would highly recommend David and hireneXus as a partner to land your dream job. Robert, Director of Financial Reporting in New Jersey