VP of Accounting & Finance

A manufacturing company headquartered in Rancho Santa Margarita is searching for a Vice President of Accounting and Financing. The VP of Finance and Accounting is responsible for executing the financial reporting, cash management, and planning functions of the company. This position will report directly to the Chief Executive Officer, will have access to the Board of Directors, and will be an instrumental part of directing and implementing the strategy of the organization. This Individual will have an opportunity to help shape and improve the financial reporting, treasury, budgeting, and operational processes and have a strong positive impact on the future of the company.

This is a direct hire position and the salary is based on experienced. The company also offers a very competitive employee benefits package.

PRIMARY JOB DUTIES & RESPONSIBILITIES:

Own the Financial Reporting: Ultimate responsibility for completing the monthly financial statements (income statement, balance sheet, and cash flow statement) used by the management team, board of directors, and lenders in accordance with GAAP, on a timely basis, and with a high degree of accuracy.

• Utilize the Company’s systems to explore, audit, and automate reports used in preparing the financial statements
• Develop an efficient schedule of reconciliations and accrual calculations based on GAAP standards
• Establish AR, AP, inventory, warranty, returns, etc. reports and controls to ensure financial accuracy
• Utilize and update a monthly closing calendar based on an established process
• Analyze and identify business drivers, trends, expense opportunities, etc. and communicate to management and stakeholders through MD&A and discussions
• Ultimately prepare the Company for an efficient annual audit process

Forecast and Optimize the Cash Conversion Cycle: Prepare a standard weekly cash flow forecast to manage the company’s cash balances and direct the collection and disbursement processes to improve working capital and enhance margins when available. >ul>

Prepare the weekly cash forecast for management, including variance analysis from prior week

Leading team meetings, establish rigor and enhance processes around (i.) collection activity to maintain strong cash receipts while maintaining good customer relationships and (ii.) disbursements to manage vendor terms while ensuring inventory levels are adequate to meet customer demands

Manage the bank accounts and banking relationship and implementing reasonable treasury controls for the organization’s needs

Ensure Proper Tax Filing: Ensure the accurate and timely filing of all necessary federal, state, and local tax returns, extensions, estimates, and payments.

• Assess, engage, oversee, and provide information to third party tax advisors to assist the Company
• Utilize third party advisor to assist the Company with tax planning as appropriate

Help Establish and Maintain a Metrics Based Operation: In conjunction with the CEO, COO, and VP Sales, plan, implement, and automate operational performance reports (metrics) used by various functions including procurement, production, sales, and service departments to create an environment of continuous improvement and accountability.

• Collaborate with business leaders to develop simple, yet effective reports
• Work with the IT to audit the information and ensure system input processes and data reporting parameters are properly established
• Continuously evolve and improve reporting to meet the needs of senior leadership

Provide Financial Leadership to the Organization: Collaborate with the fellow senior leaders and serve as a source of valuable insight and analysis to support a culture of analytical decision making.

• Establish credibility with the team and the board to be a go-to resource for preparing for strategic decision making, including thoughtful analysis
• Maintain discipline to streamline analysis and avoid slowing down strategic decisions
• Specific examples of areas of focus are expected to include operational improvement initiatives, cost savings strategies, customer pricing and rebate impacts, channel analysis, etc.

Lead the Finance and Accounting Department: Evaluate, direct, develop and lead the personnel within the financial department.

• Ultimately responsible for the team and its performance to support the organization’s finance and accounting goals
• Maintain an efficient team and establish streamlined, process-oriented approaches that leverage systems and automated reporting, resulting in a scalable department

Other Responsibilities and Potential Areas of Exposure: Based on capabilities and the direction of the Company, the position may also include the following areas of exposure:

• Involved with assessing and maintaining proper business insurance, benefits, licensing/permitting, and compliance throughout the organization (OSHA, environmental, etc.)
• Merger and acquisition discussions, prospecting, analysis, diligence, and execution.

DESIRED QUALIFICATIONS, SKILLS, & ATTRIBUTES:

• Bachelor’s degree required (Accounting and/or Finance strongly preferred)
• 12+ years of relevant experience required
• History of ethical conduct and ability to pass a background check required
• CPA strongly preferred
• Understanding of Sage, MAS 500 preferred
• Assurance audit experience a positive
• Most preferred characteristics of candidate:

1. Experience owning the entire financial reporting process
2. Hands-on to meet deadlines, guide the team, and establish processes
3. Demonstrated process oriented approach
4. Appropriate attention to detail and responsibility for outcomes
5. Ability to prioritize and utilize internal and external resources effectively
6. Comfortable in an environment of continuous improvement
7. Manufacturing and inventory costing experience

• Willingness to travel up to 15% of the time
• Able to provide references to underscore accomplishments