What are the responsibilities and job description for the Director of Finance position at FreePower?
About Us: FreePower (www.freepower.io) has developed a design forward, industry-changing technology that turns countertops into wireless chargers. We were just named Best in Show at KBIS, the most coveted award in the industry, for FreePower’s combination of innovation, design excellence, and compelling functionality. At our core we are a fast-moving tech company and through our wireless charging technology we are disrupting our industry.
Position Overview: We are currently seeking a detail-oriented and experienced Director of Finance to lead our finance team. This role involves managing the accounting for the business, streamlining financial processes, and providing real-time financial insights to support strategic decision-making. The Director of Finance will also lead budgeting, forecasting, and financing to maintain profitability and cash flow efficiency. Given the rapid growth, the controller will play a crucial role in scaling financial infrastructure, implementing internal controls, and optimizing financial systems to manage increased revenue while supporting the company’s long-term objectives. If you are driven, passionate about impactful products, and thrive in a fast-paced environment, we encourage you to apply. This role requires full-time presence at our Phoenix, AZ office.
Financial Reporting:
- Prepare and analyze financial statements in accordance with generally accepted accounting principles (GAAP).
- Assist in the month-end and year-end closing processes.
- Reconcile bank statements and general ledger accounts.
- Generate financial reports and provide insights to management as needed.
- Track various commission, rebate, and rev share structures across our internal team and external partners, including distributors and sales reps.
Accounts Payable and Receivable:
- Process accounts payable invoices accurately and timely.
- Monitor accounts receivable and follow up on outstanding payments.
- Maintain vendor and customer records, ensuring accuracy and completeness.
- Assist with billing and collections activities as necessary.
Budgeting and Forecasting
- Assist in the preparation of annual budgets and quarterly forecasts.
- Monitor budget-to-actual variances and investigate discrepancies.
- Provide support in financial planning and analysis efforts.
Financing and Cash Flow Management
- Develop cash flow forecasts to ensure liquidity and identify potential funding needs.
- Manage working capital by optimizing accounts receivable, accounts payable, and inventory levels.
- Provide support in financial planning and analysis efforts.
General Accounting Support
- Support the management team with projects and initiatives.
- Assist with tax preparation and filing requirements.
- Oversee debt obligations and financing strategies, ensuring the company maintains sufficient funding for growth initiatives.
- Help identify and manage financing options for inventory and other growth capital needs.
Requirements
- Bachelor's degree in Accounting, Finance, or related field; CPA certification preferred.
- Minimum of 7 years of experience in controller or finance roles.
- Proficiency in accounting software (e.g., QuickBooks, SAP, etc.) and Microsoft Excel.
- Strong understanding of GAAP principles and financial reporting requirements.
- Excellent analytical and problem-solving skills.
- Detail-oriented with a high level of accuracy in work.
- Effective communication and interpersonal skills.
- Ability to prioritize tasks and meet deadlines in a fast-paced environment.
- Strong sense of integrity and professionalism.
