What are the responsibilities and job description for the Director of Accounting position at LBMC Staffing Solutions, LLC?
The Director of Accounting is responsible for planning and directing the accounting activities of the Company and supervision of the accounting team.
Duties/Responsibilities
- Manages the accounting staff who are responsible for financial reporting, billing, collections, payroll, and budget preparation.
- Partners with human resources to recruit and hire accounting staff.
- Continuously develops, motivates, mentors and directs the accounting team; managing work allocation, training, problem resolution, and performance evaluation.
- Assist with the management of long- and short-term cash functions and cash flow projections.
- Oversees preparation of month-end, quarter-end, and year-end property specific and Company financial statements.
- Ensures timeliness, accuracy, and usefulness of financial and management reporting.
- Oversees the accounting team to ensure proper maintenance of all accounting systems and functions.
- Prepares, leads, and presents financial reports to the CEO and other key stakeholders.
- Ensure maintenance of appropriate internal controls and financial procedures.
- Ensures the accuracy and timely reporting of monthly financial statements.
- Coordinate internal audits as required.
- Ensure compliance regarding all financial functions.
- Serve as final point of escalation for Accounts Receivable/Accounts Payable issues.
- Establishes internal controls and guidelines for accounting transactions and budget preparation.
- Completes property management reporting and operations functions (billing, monitoring incoming payments, budget creation and monitoring, capital expenditures, CAM reconciliations, repairs, rents etc.).
- Responsible for preparation of allocations such as payroll, insurance, management Fees, etc..
- Maintain banking relationships.
- Oversees preparation of business activity reports, financial forecasts, and annual budgets.
- Oversees the production of periodic financial reports; ensures that the reported results comply with generally accepted accounting principles or financial reporting standards.
- Oversees AR management and provide support to collections activities
- Audits accounts to ensure compliance with state and federal regulations; coordinates with outside auditors and provides needed information for the annual external audit.
- Presents recommendations to management on short- and long-term financial objectives and policies.
- Provides financial analysis with an emphasis on capital investments, pricing decisions, and contract negotiations.
- Ensures compliance with local, state, and federal government requirements.
- Performs other related duties as necessary or assigned.
Required Skills/Abilities
- Strong leadership skills with ability to lead, mentor, motivate, and train a team.
- Exceptional organizational and time management skills and a focus on details.
- Excellent verbal and written communication skills to interact effectively with residents, internal associates, ownership, and vendors.
- Strong business acumen.
- Proficient in Microsoft Office Suite.
Education/Experience
- Certified Public Accountant designation required.
- Bachelor’s degree in accounting, finance, business or related fields.
- Minimum of seven years of relative accounting experience.
- Minimum of three years of experience managing people.