What are the responsibilities and job description for the VP Finance at PE-Backed Portfolio Company in the Entertainment Industry position at BASE Equity Partners?
About the Company
The Lighting Design Group (“LDG”) is a private equity-backed, preeminent broadcast television lighting design services firm with $20-30M in revenue operating in New York City. LDG works with blue-chip global television networks, celebrated television shows, theatrical productions, new media, and multi-national corporations providing market-leading lighting design and production services.
About the VP Finance Role
The VP Finance will be a key business partner to the President, executive leadership, and the firm’s private equity sponsors. The VP Finance will be responsible for oversight of the firm’s financial reporting, planning, and analysis functions which include periodic financial reports, organizational budgets, company performance metrics, analysis of capital investment initiatives, annual audited financials, and other ad-hoc reports as required by the firm, its sponsors, or its partners. Additionally, the VP Finance will work with senior management to identify and assess strategic business opportunities including potential strategic partnerships, operational improvements, M&A opportunities, and capital investments in existing business lines. Further, the VP Finance would be encouraged to get involved with operational management given the firm’s entrepreneurial approach.
The VP Finance will lead a lean team including a longstanding Accounting Manager, and leverage technology, service providers, and operational resources to ensure an efficient, responsive organization. The right fit will be operationally inclined and willing to roll up their sleeves to make upstream operational improvements to drive an improved reporting process. Additionally, they will be comfortable making data-based recommendations to the company executive and board-level leadership. They MUST have previous experience with accounting and be comfortable overseeing journal entries and closing month and quarterly reporting.
Areas of Responsibility
Financial Reporting
- Partner with President and firm leadership, as well as the private equity sponsor to support reporting and business planning requirements;
- Manage the reporting of forecasts and metrics to management;
- Review and deliver critical analysis to senior management on financial forecasts including a full analysis of significant areas of risk and a variance analysis;
- Lead in the preparation of the monthly and quarterly reporting packages including MD&A;
- Provide hands-on management and be willing to develop and mentor a best-in-class finance and accounting function;
- Complete monthly, quarterly, and annual financial close process while ensuring compliance with GAAP and other regulatory agency, financial institution, and private equity sponsor requirements;
- Work closely with the firm’s auditors to ensure a frictionless and efficient audit process;
- Provide ad-hoc reporting to firm sponsors and creditors on an as needed basis;
- Develop and maintain strong accounting systems and procedures to ensure accurate, timely, and efficient processing of financial data;
Financial Strategy
Financial Operations
Education and Experience Requirements
Compensation package includes competitive base, benefits and a bonus that will be commensurate with experience.
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