What are the responsibilities and job description for the VP of Finance position at Bay Colony Search?
Job Summary:
Bay Colony Search has been retained to hire a VP of Finance for a small, but growing, industrial manufacturer in Baltimore. The company has started to expand across the US & has a new product that is already making waves and could surpass their original product in the next couple of years. You will report to the President and will be a strategic partner to him and the private equity sponsor. This is a smaller company with just one other person in Accounting/Finance so you must be both strategic and tactical; that means you will be making journal entries.
Essential Duties and Responsibilities:
- Responsible for month end close functions of the company by preparing journal entries and performing quarterly balance sheet reconciliations
- Prepare and maintain annual budgets and multi-year forecast and perform analysis of budget/forecast variances and financial trends
- Ensure that effective internal controls are in place and ensure compliance with GAAP and applicable federal, state, and local regulatory laws and rules for financial and tax reporting
- Monitor financial covenants of in debt agreements, prepare quarterly compliance reports, and maintain current lender relationships
- Responsible for daily cash activities and capital distributions
- Manage annual financial audit which includes developing audit schedule, ensuring required documentation is prepared in a timely manner, and interacting with the auditors
- Present financials to Board on a quarterly basis
- Partner with other leaders in the business to develop and implement process improvements and new technologies to create a more efficient accounting department
- Evaluate potential acquisitions and assist with integration if one is completed
Qualifications
- Bachelor’s degree mandatory and Master’s degree in Accounting or Finance preferred
- 8 years of accounting and finance experience and must have worked for a small company of less than $30M
- Willingness, and more importantly, desire to be part of a smaller company
- Have worked at a manufacturing company
- Ideally will have experience working for a private equity backed business
- Capable of being a strategic partner to the CEO
- Strong communication skills with the ability to present to a Board
- Should have ERP implementation experience
