What are the responsibilities and job description for the Vice President of Finance/ Chief Financial Officer position at AB Hires and Consulting?
A well-established, mid-market electronics company is looking for an accomplished and proactive Vice President of Finance to join their team. The VP of Finance will play a crucial role in driving the financial strategy, ensuring robust fiscal management to support the company's growth objectives. The ideal candidate will have extensive experience in financial planning, analysis, and leadership, with a proven record of accomplishment in the e-commerce industry.
Responsibilities :
Financial Leadership
Company Budget - Own the Company Budget and annual planning process to help drive growth aligned to the Company Business Plan
Strategic Initiatives & Analysis - Identify and implement strategic initiatives to evolve the company's financial management setup to help support company growth and international expansion. This includes corporate structure, capital planning, people, systems, processes, and analysis to enable the Company to achieve long-term growth
Risk Management / Forecasting - Collaborate directly with Brand & Sales Directors to establish detailed financial models to drive accurate forecasts, inventory management, and channel profitability / ROI to achieve sales targets and maximize bottom-line profitability. Payroll - Work in partnership with the Human Resource Manager to ensure all Payroll considerations are aligned with Company growth plans, e.g., overtime, commission structure, and employee bonuses. Own and streamline the payroll process and develop compensation models
Financial Reporting
Company Reporting - Work closely with External Accountants to support all external Company financial reporting and filings
Monthly Management Reporting - Establish consolidated internal monthly management reporting. Examples would include cash flow projections, detailed P&L summaries, and inventory management / turns
Monthly Management Financial Review - Own Management review process, including driving items for attention and review and leading collective remediation efforts as required
Financial Operations
3rd Party Vendors - own the Company's financial relationship with all 3rd Party vendors
Sales Planning - Manage the Sales Planning and forecasting process
Purchasing - Manage all Product Inventory and oversee the procurement of goods and materials, ensuring optimal inventory levels to meet business needs. Work in partnership with other functions in evaluating supplier performance, negotiating contracts, forecasting demand, and monitoring stock levels to prevent shortages or excess.
Shipping - Optimize all Freight costs (including negotiations)
Warehouse - Optimize Warehouse cost utilization i.e., streamlining inventory management, improving space utilization, negotiating contracts, and partnering to implement technology to automate processes
Accounts Receivable - Responsible for the Accounts Receivable process and collaborating with Sales to resolve payment issues and enhance cash flow.
Resource Management
The existing Financial Controller and an Account Receivable Associated will be direct reports along with several external contractors
Extensive interaction with the Chief of Staff, Management Team, and Owners
Close interaction with External Accountants and Banks
Opportunity to build a small team over time dependent on Company growth plans
Qualifications :
Bachelor's degree in finance, accounting, or a related field; MBA or CPA preferred
Minimum of 10 years of experience in finance, with at least 5 years in a senior leadership role
Strong analytical and problem-solving skills including detailed knowledge of excel
Excellent communication and interpersonal skills
Strong track record of establishing scalable, repeatable processes
Proven ability to work in a fast-paced, dynamic environment
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