VP of Finance

Position Description:

The Vice President of Finance will serve as a key member of the executive leadership team, responsible for the financial strategy and operational management of our electronics manufacturing services organization. This role encompasses comprehensive oversight of the accounting department, financial reporting, inventory management oversight, cost accounting, and stakeholder engagement. The VP of Finance will drive financial performance, ensure compliance with regulatory requirements, and implement best practices to optimize financial processes that support organizational growth.

Essential Duties and Responsibilities: include the following. Other duties may be assigned.

• ACCOUNTING DEPT LEADERSHIP: Oversee day-to-day and month end duties including but not limited to:
  • Provide leadership over corporate governance requirements, compliance, internal process controls and risk management matters
  • Oversee execution of strategic projects (planned & ad hoc)
  • Support Quoting/Program Management Teams with day-to-day quoting/pricing processes
  • AR, AP, Billing, Inventory, and Payroll
  • Manage Treasury and Cash management activities and supporting internal controls
  • Review and approve sub-ledger and account reconciliations
  • Manage monthly close process; ensure consistent adherence to close calendar and reporting checklist
  • Review and approve period end Journal Entries as well as ad hoc accounting treatment decisions
  • Balance Sheet Accrual oversight and period end work paper reconciliations
  • Manage and monitor all accounts, ledgers, subledgers and reporting systems
  • Ensure compliance with GAAP standards as well as internal policies
  • Oversee critical finance and accounting functions ensuring adherence to standard operating procedures and best practices; as applicable, develop and manage process enhancements to drive efficiency and support organizational growth
  • Collaborate cross-functionally with department leaders to support strategic decision making and drive value for the business

• FINANCIAL REPORTING: Strategic management and leadership of financial reporting to all stakeholders
  • Manage monthly financial reporting process as well as intra-period operational and financial flash reporting activities
  • Manage annual budget process and periodic reporting of actual vs. budget performance
  • Manage and maintain reporting framework to ensure periodic visibility of quote vs. actual results
  • Manage rolling financial forecast including timely actual vs. forecast results and variance drivers; collaborate with operational leaders to identify, track and address operational improvement opportunities
  • Oversee 13-week Cashflow reporting process
  • Oversee operational performance tracking and reporting framework; collaborate cross functionally to forecast and manage production planning and customer service requirements
  • Oversee manufacturing variance analysis and management of KPI tracking
  • Oversee inventory-related reporting and forecasting
  • Oversee P&L and Cashflow forecasting
  • Oversee lender reporting including debt covenant compliance and borrowing base management
  • Oversee intra-period operational and financial flash reporting activities
  • Oversee Board of Director Reporting and periodic meeting materials prep

• INVENTORY MANAGEMENT AND COST ACCOUNTING OVERSIGHT:
  • Oversee Inventory Management activities in collaboration with Program Management and Warehouse Operations team to ensure accuracy and traceability; monitor control environment related to day-to-day and period end business processes
  • Manage and investigate material variance drivers by customer and product type
  • Oversee compliance with controls related to owned and customer-owned inventory
  • Manage forward looking inventory considerations related to customer excess & obsolete to reduce waste and mitigate P&L risk
  • Oversee the companys standard cost environment, including quarterly review and roll-forward requirements inventory and cost of goods sold variance to actual cost adjustments

• LIASON TO KEY STAKEHOLDERS:
  • Represent the organization as primary point of contact for external partners (external auditors; tax preparers; legal counsel, insurance providers, lenders)
  • Collaborate with IT organization to oversee ERP and supporting systems usage to ensure internal controls compliance and master data integrity is consistently maintained; monitor systems-related processes to ensure financial data is reliable and the business reporting requirements are met
  • Supervise the annual audit process of the companys annual financial statements, including preparation of technical accounting memos and responding to auditor questions and requests

• SKILLS AND EXPERIENCE:
  • Proven leadership skills with the ability to drive results and foster a culture of accountability and continuous improvement.
  • Strong analytical and problem-solving skills, with a keen understanding of financial metrics and operational performance.
  • Excellent communication and interpersonal skills, with the ability to engage and influence stakeholders at all levels.
  • Proficient in financial modeling, forecasting, and variance analysis, with experience in the electronics manufacturing sector.
  • Demonstrated ability to manage multiple priorities in a fast-paced environment while maintaining attention to detail.
• QUALIFICATIONS:
  • Must be US Citizen or Permanent Resident (Green Card Holder)
  • Bachelor's degree in Finance, Accounting, or a related field; CPA, CMA, or MBA preferred.
  • Minimum of 10 years of progressive finance and accounting experience, with at least 5 years in a senior leadership role within the electronics manufacturing services industry.
  • In-depth knowledge of GAAP, financial reporting standards, and regulatory compliance requirements.
  • Experience with ERP systems and financial software tools to enhance reporting and analytical capabilities.

• EDUCATION AND EXPERIENCE:
  • Bachelors degree in Finance, Accounting, Business Administration, or a related field.
  • A minimum of 10 years of experience in finance and accounting roles, with significant experience in the electronics manufacturing services industry.
  • Proven track record in a senior financial leadership position, demonstrating strategic thinking and operational excellence.

• LANGUAGE SKILLS:

• Ability to read and speak English fluently.
• Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
• Ability to write routine reports and correspondence.
• Ability to speak effectively before groups of customers or employees of organization.

• MATHEMATICAL SKILLS:

• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
• Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.

• REASONING ABILITY:

• Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
• Ability to deal with problems involving simple variables in standardized (normal) situations.

• SCOPE OF RESPONSIBILITY
• Duties are generally prioritized in conformance with written instructions, established schedules, and predetermined priorities, allowing employees to perform independently with intermittent close supervision.
• Problems not clearly defined by written directives or instructions are reviewed with supervisor to determine course of action.
• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear.
• The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.
• Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.
• Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• While performing the duties of this job, the employee is frequently exposed to moving mechanical parts.
• The employee is occasionally exposed to fumes or airborne particles, toxic or caustic chemicals, outside weather conditions, and vibration.
• The noise level in the work environment is usually loud.

• Personal Protective Equipment (P.P.E): Specific items of clothing and/or equipment may be required to perform certain functions and operations. Any of the following three serve as sufficient criteria in determining the need for P.P.E. compliance with:

• Microboard policy.
• Safety Data Sheet (SDS) stipulations.
• OSHA regulations generally.