Vice President of Accounting & Finance

Job Description

Job Description

Description:

As a key member of the Executive Leadership Team, the VP of Accounting & Finance is responsible for providing direction and management to the accounting & purchasing team while managing the organization’s financial reporting, internal control, credit, collections, budgeting/cash flow management, forecasting, insurance coverage, and general business. This is a hands-on position that is responsible for the direction of the fiscal functions of the corporation in accordance with generally accepted accounting principles and other regulatory and advisory organizations and in accordance with financial management techniques and practices appropriate within the industry. This position is a strategic business partner who works closely with the Chief Executive Officer and Production management team to provide timely and accurate analysis of budgets, financial reports, and financial trends in order to assist in growing organizational sales and profitability. 

Key Responsibilities: 

· Direct   the organization’s finance activity including accounting, strategic planning, budgeting, forecasting, cash management, acquisitions, reporting, banking   relationships, working capital, and FP&A in order to support the existing   core businesses and potential acquisition opportunities.

· Oversee   the efficient day-to-day accounting and purchasing functions, including billing, accounts payable, accounts receivable, contract management, cash management, expense control, payroll, 401(k), general ledger entry and all related   reporting.

· Preparation   and analysis of all internal and external financial data including month-end   close, budgets, forecasts, financial statements, monthly, quarterly, and   annual reporting. Provides information to the leadership and management team   monthly and presents at Executive and Board level meetings.

· Manages   the timely collection of receivables each month.

· Creates   monthly and annual budgets and reports on budget to actual results.

· Works   closely with the Purchasing Department and production managers to ensure that   inventory is controlled and purchases as a percentage of sales are aligned   with the goals of all divisions.

· Provides   insights and inspires action on driving business optimization strategies.   Maintains deep ownership and accountability on understanding the flow of   revenue and costs through the business to identify opportunities and support   decision making.

· Communicates   and interacts with the company’s private equity partner as well as members of   the Board of Directors.

· Manages   and coordinates with private equity partner and other consultants on   financial statement review, corporate income taxes, banking and legal, as   well as transactions and other corporate matters.

· Monitors   and analyzes anticipated short-term and long-term cash flow to control   capital expenditures, inventory, receivables, payables, and debt levels. 

· Responsible   for compliance with all relevant local, state, and federal payroll and   employment taxes and other corporate business regulations and filing   requirements.

· Sustains   a positive, productive relationship with all external vendors, including   banking, insurance providers, etc.

· Lead   strategic planning sessions including long- and short-range planning while   actively strengthening budget, forecast, and cash management planning

· Prepares   short-term and long-term projections of BonaDent’s financials based on   management’s strategic expansion objectives and statistical trend analysis by   market. 

· Supports   business partner in analyzesing new opportunities, equipment, and product   purchases in order to evaluate pricing and return on investment. 

· Presents   financial and operational alternatives to Chief Executive Officer to   illustrate the impact of contemplated business transactions on bank covenants   via financial modeling.

· Oversee   the IT Department

· Develops   and maintains company-wide checks and balances pertaining to financial    policies/protocols. To ensure internal controls and safeguarding of financial   assets.

· Maintains   and updates financial policies and procedures, including internal control   processes, accounts receivable, accounts payable, fixed assets, payroll,   financial statements, and cash management functions.

· Maintains   the accounting system and financial reports assuring the accuracy of such   reports by periodically verifying the physical presence of the assets and   reconciling the general ledger accounts to the appropriate underlying   documents and schedules.

· Drives   continuous improvement initiatives and special projects to streamline and   consolidate business processes.

· Performance   management of accounting, purchasing and IT team including frequent feedback,   regularly scheduled meetings, reviews, corrective action, career paths,   development plans and performance improvement plans.

· Contributes   to a work environment that fosters teamwork and cooperation; where employees   can prosper; find rewards in their efforts and be continuously challenged to   improve the performance of the company. 

· Ensures   that the personnel policies and practices of the company are followed in   order to ensure compliance with BonaDent policy, as well as state and federal   regulations.

· Additional   projects as assigned.

Required Skills and Qualifications:

· Bachelor’s degree in accounting, finance or related field required.

· 10 or more years of experience in a similar financial managerial position.

· Previous experience in a leadership position required.

· Experience working with private equity partners and acquisitions a plus. 

· Tax planning experience.

· CPA a plus.

· A   working knowledge of accounting policies and procedures, banking and investment techniques, insurance, supplier relationships, credit and collection techniques, and other similar business skills.

· Able   to bring a “roll up the sleeves, do whatever it takes” philosophy to their work ethic; a strong desire to actively participate as a management stakeholder in key business discussions.

· Works methodically and is highly organized and detail oriented.

· Results oriented with excellent analytical, organizational, and problem-solving   skills.

· Executive level communication skills including oral, written and email

· Manages time efficiently. Ability to manage multiple priorities without missing   deadlines. 

· Strong and demonstrable strategic skills. Demonstrated ability to bring insights to   business partners which inspires action.

· Advanced computer capabilities, including experience using financial reporting   platforms. MS Office Suite (Outlook, Excel, Word, Power Point), email and the   Internet.

· Strong ethics, sound judgement and the ability to protect confidential information   and sensitive materials.

· Signing of a confidentiality and 2-year non-competition agreement.

· Ability to travel to satellite facilities from time to time

**Bonus Potential