What are the responsibilities and job description for the Chief Financial Officer position at MadRag?
Job description
Position: Chief Financial Officer
Reports to: President
Department: Finance
About Us:
We are a privately-owned growing retailer headquartered in North Bergen, New Jersey bringing the latest fashions to value-seeking always-on-trend consumers with 96 stores in 14 states. We are dedicated to becoming the “go-to” destination to shop for the hottest items in the ever-changing fashion world at a price point our customers love!
Job Summary:
Reporting directly to the President, the Chief Financial Officer is responsible for directing the fiscal functions of the corporation (for multiple brands) in accordance with generally accepted accounting principles and in accordance with financial management techniques and practices appropriate within the retail industry.
Responsibilities:
· Plan, develop, organize, implement, direct, and evaluate the organization's fiscal function and performance
· Participate in the development of the corporation's budgets and long-range planning
· Provide timely and accurate analysis of budgets, financial reports, and financial trends to assist the business
· Enhance and/or develop, implement, and enforce policies and procedures of the organization, as well as utilizing systems that will improve the overall operation and effectiveness of the Finance department
· Provide technical financial advice and knowledge to others within the financial discipline
· Provide strategic financial input and leadership on decision making issues affecting the organization
· Optimize cash management and initiate appropriate strategies to enhance cash position
· Manage cash flow projection process and reporting
· Be an advisor from the financial perspective to any contracts into which the corporation may enter
· Oversee relationship with third party logistic company
· Manage factor, bank, accounting firm, and commercial insurance broker relationships
· Work with organization to reduce expenses and control costs
· Manage accounting for retail occupancy portfolio as well as affiliated real estate entities
· Supervision of payroll and benefits
Competencies:
· Financial Management.
· Business Acumen
· Communication Proficiency
· Ethical Conduct
· Leadership
· Performance Management
· Personal Effectiveness/Credibility
· Problem Solving/Analysis
· Strategic Thinking
· Technical Capacity
Supervisory Responsibility:
This position is responsible for the direct supervision of the Accounting Manager, Director of Payroll and Benefits, Real Administrator, and Accounting Clerk for Vanilla Sky as well as the indirect supervision of all employees in the Accounts Payable Department.
Experience, Skills and Education Requirements:
· B.S. degree in Accounting or Finance
· Retail brick & mortar background is a must
· CPA or MBA preferred
· Minimum of 10 years of experience with at least 5 years of experience at the Director/Controller level, preferably in private and/or family-owned organization
·Factor and banking experience
· Skilled negotiator
· Excellent verbal, analytical, organizational, and written skills
· Strong technical skills including advanced Microsoft Excel
· Ability to organize, prioritize, delegate, and manage multiple projects
· Ability to succeed in a high-growth, fast-paced environment
· High level of integrity and trust
· Experience developing and leading a team fostering teamwork and cultivating collaboration
Benefits:
· Medical, Dental, Vision
· Bonus Program
· 401(k) Plan
· Associate Discount
· Paid Time Off
· Fun and friendly environment
This job description is not an exhaustive list of all functions that the employee may be required to perform, and the employee may be required to perform additional functions. Additionally, the job responsibilities may change at any time as necessitated by business demands.
10 Spot/MadRag provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal law requirements, 10 Spot/MadRag complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.
Job Type: Full-time
Work Location: In person