What are the responsibilities and job description for the Director Of Accounting position at Point Eight Power?
The Director of Accounting will be part of the Point Eight Power leadership team and oversee the finance and accounting department ensuring accurate and timely GAAP financial reporting, compliance with regulatory requirements, and effective internal controls.
· Operate as the financial partner to the Point Eight Power Senior Leadership team providing guidance and recommendations on operational financial improvements.
· Lead and manage the monthly/quarterly/year-end financial close process and preparation of GAAP financials: Statement of Income, Balance Sheet and Statement of Cash Flows.
· Implement Rigor and Discipline around the accounting close process, including appropriate month end closing checklist to manage the close timeline, along with an account reconciliation and journal entry review process.
- Oversee the accounting department to ensure procedures and process documentation are implemented with appropriate cross training in place.
- Manage responsibilities of Cash, A/R, A/P, prepaids, accruals, inventory, payroll and benefit postings, and general accounting functions including billing, credit and collections, vendor payables, cost accounting and percentage of completion (POC) revenue recognition.
- Monitor key financial performance metrics and measures versus the budget and forecasts - POC revenue recognized, gross profit percentage, operating profit & EBITDA, free cash flow, etc.
- Develop and maintain robust internal control systems to safeguard company assets and ensure the integrity of financial records.
- Manage the budgeting and forecasting processes, providing detailed financial analysis and insights to support strategic planning in coordination with the FPA lead.
- Collaborate with leadership and Mission Critical Group LLC to provide financial insights and support business initiatives.
- Ensure the ERP system is optimized for all aspects of the Company.
- Ensure compliance with all financial regulations and standards, including tax filings and audits.
- Identify and implement process improvements to enhance the efficiency and effectiveness of the accounting function such as monthly close, P&L review and financial reporting.
- Planning, organizing and coordinating the year-end close process with internal and external auditors.
