VP Financial Controller

Finance Long Island City, New York


Description

The Corporate Controller reports to the Chief Financial Officer and is responsible for the overall financial management of the company.  They will assess, improve or implement financial policies, procedures and controls to ensure the integrity of financial statements, including without limitation all financial, accounting and operational reporting of all subsidiaries, as well as compliance with appropriate tax, regulatory and  accounting standards such as Generally Accepted Accounting Principles (GAAP) and in the future the SEC and appropriate exchange requirements.  He or She need to have the ability to see the big picture and recognize the need to assess control issues more broadly and across the organization.  The successful candidate will need to be able to effectively challenge the organization, problem solve and be willing to be hands-on in finding solutions in a very fast growing and dynamic company.  Specific responsibilities are as follows:

 

  • Corporate Accounting: Direct all day-to-day technical and financial accounting activities and functions of the company, including timely and accurate monthly financial reporting, consolidation and closing processes, including reconciliation of various financial statement accounts, and deep dives as appropriate.  Assess and optimize the accounting department structure and processes to increase the efficiency of the department while establishing/maintaining an effective internal control structure, with self-audit procedures that will ensure the consistent application of accounting policies.

 

  • External Reporting: Lead the company’s external reporting in accordance with GAAP, and to meet the needs of outside shareholders and lenders. These requirements will evolve over the next several years as the company explores new ownership options.

 

  • Internal Control:   Assess the effectiveness of the company’s processes and internal control structure and develop recommendations that improve the effectiveness, efficiency and economic value of a control or process.   Initial focus should be on the purchase to pay process.

 

  • Cash Management: Supervise cash management activities, with a focus on continuous improvement to ensure working capital improves every year.   Accurately forecast cash flow and ensure that sufficient cash is available on a day to day basis.

Provide management oversight and direction for the Company’s Accounts Receivable, Accounts Payable, Payroll, Fixed Asset and Tax activities .  A focus on strong AP management is required.

 

  • Risk Management: Develop and maintain audit standards and methodology for assessing business risk and evaluating the effectiveness of the established financial, operational and compliance practices and organization controls.

 

  • Annual Audit: Develop and execute a comprehensive audit plan that is responsive to the financial, compliance and operational risks of the company, and allows for optimal reliance by external auditors.  Ensure the audit process is utilized in identifying control weakness and developing recommendations within all divisions and operations of the company. The focus of this service may be on the financial, operational or information technology issues.

 

 

  • Development of the Accounting Organization: Optimize the capabilities of the accounting organization by assessing talent and upgrading where appropriate, and by developing the most effective team structure.  Build a cohesive team that enjoys their work and are motivated to do well.  Ensure that the team works well and as valued partners with the rest of the business.

 

  • Compliance: Review the Company’s compliance policies and procedures to identify potential areas of risk of illegal or unethical conduct. In alliance with the General Counsel, develop, initiate, maintain and revise compliance policies designed to prevent illegal or unethical conduct in the identified risk areas

 

  • Payroll: Play a leadership role on the payroll team, and upgrade processes and controls.

 

  • Insurance. Support the CFO in managing insurance administration and the renewal process.

 

  • Relationships with the external stakeholders: Develop and cultivate strong relationships with all stakeholders including the home office teams, board of directors, auditors and others, as appropriate. Actively participate in the corporate governance process at the company.

 

In the first 12 months, the Corporate Controller will need to spend time understanding the current organization and processes.  In addition, the successful candidate will focus on the following accountabilities:

 

  • Learn the key aspects of the unique business model and understand performance beyond just the numbers, both in terms of current performance as well as long-term strategic plans.
  • Develop relationships across the organization. The successful candidate will need to understand the needs of each function and develop a more client service orientation for the finance organization.  The challenge will be to help install processes and controls without negatively impacting a strong growth culture.
  • Review and improve key processes, including the order to pay process for improvements and compliance
  • Work with the IT organization to insure that the systems of the company meet the needs of today and the future.

Transaction Readiness: Analyzing plans, current processes, and remediation in order to prepare the company for a transaction in the near future.

The Corporate Controller reports to the Chief Financial Officer and is responsible for the overall financial management of the company.  They will assess, improve or implement financial policies, procedures and

controls to ensure the integrity of financial statements, including without limitation all financial, accounting and operational reporting of all subsidiaries, as well as compliance with appropriate tax, regulatory and  accounting standards such as Generally Accepted Accounting Principles (GAAP) and in the future the SEC and appropriate exchange requirements.  He or She need to have the ability to see the big picture and recognize the need to assess control issues more broadly and across the organization.  The successful candidate will need to be able to effectively challenge the organization, problem solve and be willing to be hands-on in finding solutions in a very fast growing and dynamic company.  Specific responsibilities are as follows:

 

  • Corporate Accounting: Direct all day-to-day technical and financial accounting activities and functions of the company, including timely and accurate monthly financial reporting, consolidation and closing processes, including reconciliation of various financial statement accounts, and deep dives as appropriate.  Assess and optimize the accounting department structure and processes to increase the efficiency of the department while establishing/maintaining an effective internal control structure, with self-audit procedures that will ensure the consistent application of accounting policies.

 

  • External Reporting: Lead the company’s external reporting in accordance with GAAP, and to meet the needs of outside shareholders and lenders. These requirements will evolve over the next several years as the company explores new ownership options.

 

  • Internal Control:   Assess the effectiveness of the company’s processes and internal control structure and develop recommendations that improve the effectiveness, efficiency and economic value of a control or process.   Initial focus should be on the purchase to pay process.

 

  • Cash Management: Supervise cash management activities, with a focus on continuous improvement to ensure working capital improves every year.   Accurately forecast cash flow and ensure that sufficient cash is available on a day to day basis.

Provide management oversight and direction for the Company’s Accounts Receivable, Accounts Payable, Payroll, Fixed Asset and Tax activities .  A focus on strong AP management is required.

 

  • Risk Management: Develop and maintain audit standards and methodology for assessing business risk and evaluating the effectiveness of the established financial, operational and compliance practices and organization controls.

 

  • Annual Audit: Develop and execute a comprehensive audit plan that is responsive to the financial, compliance and operational risks of the company, and allows for optimal reliance by external auditors.  Ensure the audit process is utilized in identifying control weakness and developing recommendations within all divisions and operations of the company. The focus of this service may be on the financial, operational or information technology issues.

 

 

  • Development of the Accounting Organization: Optimize the capabilities of the accounting organization by assessing talent and upgrading where appropriate, and by developing the most effective team structure.  Build a cohesive team that enjoys their work and are motivated to do well.  Ensure that the team works well and as valued partners with the rest of the business.

 

  • Compliance: Review the Company’s compliance policies and procedures to identify potential areas of risk of illegal or unethical conduct. In alliance with the General Counsel, develop, initiate, maintain and revise compliance policies designed to prevent illegal or unethical conduct in the identified risk areas

 

  • Payroll: Play a leadership role on the payroll team, and upgrade processes and controls.

 

  • Insurance. Support the CFO in managing insurance administration and the renewal process.

 

  • Relationships with the external stakeholders: Develop and cultivate strong relationships with all stakeholders including the home office teams, board of directors, auditors and others, as appropriate. Actively participate in the corporate governance process at the company.

 

In the first 12 months, the Corporate Controller will need to spend time understanding the current organization and processes.  In addition, the successful candidate will focus on the following accountabilities:

 

  • Learn the key aspects of the unique business model and understand performance beyond just the numbers, both in terms of current performance as well as long-term strategic plans.
  • Develop relationships across the organization. The successful candidate will need to understand the needs of each function and develop a more client service orientation for the finance organization.  The challenge will be to help install processes and controls without negatively impacting a strong growth culture.
  • Review and improve key processes, including the order to pay process for improvements and compliance
  • Work with the IT organization to insure that the systems of the company meet the needs of today and the future.

Transaction Readiness: Analyzing plans, current processes, and remediation in order to prepare the company for a transaction in the near future.