Director of Finance - River Edge NJ

Job Description

Job Description

ABOUT US

CFSC, Community Financial Service Centers, is a third-generation, family-owned business. We pride ourselves on being a vital part of our communities, and with over 200 locations nationwide, we have neighborhood families all over the United States. Our focus is providing financial services tailored to each unique location and their community’s needs so that our customers receive the services they need most. Our goal is to help our customers better manage their money, finances, and daily lives, and we’re able to do that by adapting our products to accommodate their financial needs.

Based at our River Edge, New Jersey headquarters we’re looking for an energetic and responsive team player to step into this vital role.  You will be part of team that works in a fast-paced environment, conducts sophisticated audits and improves the quality and effectiveness of the internal control processes.

Key Responsibilities:

• Oversee Financial Operations : Manage the daily operations of the Accounting department, including cash receipts, accounts receivable, cash disbursements, accounts payable, fixed assets, financial systems, and all balance sheet accounts across 75 locations. Supervise a team of seven bookkeepers who support these operations, ensuring all reconciliations are completed accurately and on time, maintaining consistency across all locations.
• Policy & Procedure Development : Develop and maintain accounting policies and procedures related to banking, transaction processing, balance sheet analysis, reconciliation, and internal controls across all locations to ensure consistency, compliance, and operational efficiency.
• Annual Planning & Forecasting : Lead the creation of the annual operating plan aligned with the company’s strategic goals, considering the needs of all 75 locations. Perform monthly forecasting to provide management with visibility into business results across locations, enabling timely decision-making.
• Financial Modeling & Analysis : Build business models for the operating plan and forecasts, reviewing assumptions with key business partners from each location. Lead ongoing analysis and forecasting for all locations to ensure alignment with financial objectives.
• Strategic Decision Support : Provide financial and strategic decision-making support to senior management, ensuring the achievement of short- and long-term financial goals across all locations. Assist in evaluating financial outcomes and recommend improvements or adjustments as necessary.
• Ad-Hoc Analysis : Collaborate with business stakeholders across 75 locations to create financial models and analyses that support strategic, investment, and operational decisions.
• Monthly Closing & Reporting : Oversee the accurate and timely closing of financial statements for all locations in collaboration with department heads and the seven bookkeepers, ensuring adherence to internal and external deadlines.
• Cash Management : Monitor daily operating cash across all locations, manage transfers between investment and operating accounts, and forecast cash needs up to 12 months in advance to ensure sufficient liquidity for the entire network of 75 locations.
• Audit & Tax Compliance : Oversee the annual financial audit and tax return processes for all locations. Coordinate single audits and ensure compliance with relevant regulatory requirements at a company-wide level.
• Business Metrics & Trends Analysis : Track and analyze key business metrics and financial trends across all 75 locations. Provide meaningful profitability analyses to senior management, identifying potential issues and driving their resolution across locations.
• Organizational Structure Analysis : Lead financial analysis on various organizational structures, including those that will enable the expansion of CFSC solutions to new customer segments across the 75 locations.
• KPI Reporting : Design, create, and implement internal reporting systems for non-financial and financial KPIs across all locations through dashboards and scorecards. Collaborate with internal resources to gather requirements from location leaders and ensure timely delivery of reporting tools.

Additional Responsibilities:

• Regulatory and Funding Compliance : Ensure proficiency with the regulatory and funding requirements of 401(k) plans, ensuring full compliance across locations.
• Payroll Systems Expertise : Oversee and manage payroll platforms & systems, specifically with ADP, ensuring seamless payroll processing across all locations.
• Cross-Level Interaction : Demonstrate the ability to interact with a wide range of stakeholders, from the CEO to the CSRs, fostering a collaborative, positive, and transparent communication culture.

Requirements:

• Education : Bachelor’s degree in Accounting, Finance, Economics, or a related field. A Master’s degree and/or CPA is preferred.
• Experience : A minimum of 10 years of progressive experience in accounting and finance, with experience in senior management roles across a multi-location environment.
• Data-Driven Approach : Strong passion for using data to empower others and drive results within a multi-location organization.
• Data Visualization : Proficiency in creating data visualizations to communicate complex financial information effectively across different locations.
• Budgeting & Forecasting : Solid experience in budgeting, forecasting, and mergers & acquisitions (M&A) within a multi-location business.
• Technical Expertise : Expert-level proficiency in Google and Microsoft platforms (Word, Excel, PowerPoint), with proficiency in Sage/Peachtree as the accounting system.
• Modeling & Systems Orientation : Experience building complex financial models and a strong systems orientation is preferred for managing operations across 75 locations.
• Team Leadership : Proven experience managing, developing, and coaching staff, including a team of seven bookkeepers, across multiple locations, fostering a motivated and effective team environment.
• Teamwork & Communication : Ability to foster a collaborative and positive team environment across all 75 locations. Excellent presentation and written communication skills are essential.

CFSC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

Base salary offers for this position may vary based on factors such as location, skills, and relevant experience. Some positions may include additional compensation in the form of bonus. We offer the following benefits: Medical, Dental, Vision, Life Insurance, Matched Retirement Savings, Wellness Program, Short-and Long-Term Disability, Holidays, Personal Days & Vacation, Paid Volunteer Time Off, and more.