What are the responsibilities and job description for the Financial Controller position at ACY Yachts?
Financial Controller
Location: 312 Third St #102, Annapolis, MD 21403
Reports To: Chief Financial Officer (CFO)
Supervisory Responsibilities: Oversees the operations of the Accounting Department, which include accounts payable, accounts receivable, and bank reconciliations.
About us:
ACY Yachts is a leading North American yacht dealership known for its expertise in sailing yachts and innovative ownership programs. Employees at ACY Yachts are part of a professional team dedicated to providing unparalleled customer service, from yacht acquisition and commissioning to ongoing support. The company offers a dynamic environment within the marine industry, with opportunities to work alongside experienced professionals and contribute to fulfilling clients' yachting dreams across multiple locations in North America, the Caribbean, and Europe. If you’re interested in joining a fast paced environment on a growing team, apply below!
Summary:
The Financial Controller is a key leadership role responsible for overseeing the organization’s daily accounting operations and ensuring the integrity and accuracy of financial records. This position will manage all aspects of the monthly financial close, maintain accounting records, oversee accounts payable and receivable functions, reconcile accounts, manage fixed assets, contribute to budget management, support cash flow forecasting and analysis, ensure income tax compliance, and coordinate audits. The Financial Controller will supervise the Accounting Department staff and work closely with the CFO to support the overall financial health and strategic objectives of the organization.
Essential Duties and Responsibilities:
Manages monthly financial close and reporting: Prepares financial statements, maintains and adjusts accounts, and processes related journal entries.
Maintains accurate accounting records: Oversees the general ledger, payroll, taxes, and the Chart of Accounts, and updates JE procedures.
Supervises accounts payable and receivable: Manages bank reconciliations, Euro payments, AP/AR processes, aging reports, expense reports, and related journal entries.
Performs account reconciliations: Regularly reconciles accruals, provisions (including sales, commissions, and after-market expenses).
Oversees fixed asset management: Handles acquisitions, depreciation, and disposal of fixed assets.
Supports budget management: Assists in annual budget preparation and monitors performance.
Contributes to cash flow management: Reviews daily cash flow and assists with forecasting and analysis.
Supports income tax compliance: Assists the CFO with ensuring regulatory adherence.
Assists with audits: Coordinates with the CFO on internal and external audit processes.
Supervisory Responsibilities:
Oversee the daily operations of the Accounting Department staff, including accounts payable, accounts receivable, and bank reconciliations.
Provide guidance, training, and support to accounting team members.
Ensure the team adheres to established accounting policies and procedures.
Participate in the hiring and performance evaluation processes for accounting staff.
Qualifications:
Bachelor's degree in Accounting or Finance required.
5 years of progressive accounting experience, with experience in a controller or similar role preferred.
Strong understanding of Generally Accepted Accounting Principles (GAAP).
Proven experience in managing the monthly financial close process.
Experience with maintaining and reconciling general ledger accounts.
Proficiency in managing accounts payable and receivable functions.
Experience with fixed asset accounting and depreciation.
Strong analytical and problem-solving skills.
Excellent attention to detail and accuracy.
Ability to work independently and as part of a team.
Strong communication and interpersonal skills.
Proficiency in accounting software and Microsoft Office Suite (Excel, Word).
