BCI Acrylic Inc.
VP of Finance
BCI Acrylic Inc., Libertyville, Illinois, United States, 60092
Summary
The VP of Finance will direct and oversee the financial activities of the corporation, direct the preparation of current financial reports and summaries, and create forecasts predicting future growth.
Essential Duties and Responsibilities
Act as VP of Finance and strategic business partner to senior executive leadership team. Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts. Provide insight and recommendations to both short-term and long-term growth plan of organization. Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency. Communicate, engage and interact with President, CRO, COO, CPO and Senior Leadership Team. Create and establish yearly financial objectives that align with the company's plan for growth and expansion. Select and engage consultants, auditors and investors. Serve as a key member of senior leadership team. Participate in pivotal decisions as they relate to strategic initiatives and operational models. Interact with and bring department into line with Senior Leadership's plans, initiatives and recommendations. Implement policies, procedures and processes as deemed appropriate by senior leadership team.
Financial Analysis, Budgeting and Forecasting
Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division. Review and analyze monthly financial results and provide recommendations. Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings. Develop and maintain monthly operating budget and annual company operating budget. Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting. Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team. Accounting, General Ledger, Administration and Operations
Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff. Review and ensure application of appropriate internal controls, SOX compliance and financial procedures. Oversee the preparation and communication of weekly, monthly and annual financial statements. Oversee the preparation and timely filing of all local, state and federal tax returns. Ensure SOX compliance regarding all financial functions. Work with Human Resources to ensure appropriate legal compliance. Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies. Oversee preparation of monthly, quarterly and annual financial statements. Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation. Enhance and implement financial and accounting systems, processes, tools and control systems Hire, develop and manage accounting directors, managers and staff Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
Financial Management
Manage cash flow planning process and ensure funds availability. Oversee cash, investments and asset management area. Explore new investment opportunities and provide recommendations on potential returns and risks. Maintain outstanding banking relationships and strategic alliances with vendors and business partners. Utilize forward-looking models and activity-based analyses to provide financial insight into the organization's plans and operating budgets.
Financial Relations and Policies
Represent company to banks, financial partners, institutions, investors, public auditors and officials. Remain current on audit best practices as well as state, federal and local laws regarding company operations.
Cash Management
Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs Supervise Accounts Receivable management and provide guidance relating to the collection process
Requirements
Bachelor's degree in accounting or finance CPA Required MBA from top 10 business schools preferred Background in large Public Accounting firms. 6 years minimum experience as a head of finance/accounting in a large ($250 million+), publicly traded corporation. ~15 years total accounting or finance experience Outstanding knowledge and understanding of GAAP, IFRS, and SOX compliance. Background coordinating with I.T. staff to manage and/or upgrade accounting system. Systems implementation experience is strongly preferred. "Hands On" ERP Systems Experience preferred. Outstanding communication and presentation skills. Demonstrated leadership ability, confidence and executive presence - ability to motivate staff. Excellent analytical, reasoning and problem-solving skills Significant experience working with external auditors, internal controls and compliance-related issues.
Physical Demands 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 and responsibilities of this position, the employee will be sitting at a desk 90% of the time. Specific vision requirements for this position include close vision, distance vision, color vision, peripheral vision, depth perception and the 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.
The employee works in an office environment. The noise level in the work environment is consistent with normal office noise levels.
BCI Acrylic Inc. is an Equal Opportunity Employer
Act as VP of Finance and strategic business partner to senior executive leadership team. Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts. Provide insight and recommendations to both short-term and long-term growth plan of organization. Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency. Communicate, engage and interact with President, CRO, COO, CPO and Senior Leadership Team. Create and establish yearly financial objectives that align with the company's plan for growth and expansion. Select and engage consultants, auditors and investors. Serve as a key member of senior leadership team. Participate in pivotal decisions as they relate to strategic initiatives and operational models. Interact with and bring department into line with Senior Leadership's plans, initiatives and recommendations. Implement policies, procedures and processes as deemed appropriate by senior leadership team.
Financial Analysis, Budgeting and Forecasting
Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division. Review and analyze monthly financial results and provide recommendations. Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings. Develop and maintain monthly operating budget and annual company operating budget. Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting. Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team. Accounting, General Ledger, Administration and Operations
Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff. Review and ensure application of appropriate internal controls, SOX compliance and financial procedures. Oversee the preparation and communication of weekly, monthly and annual financial statements. Oversee the preparation and timely filing of all local, state and federal tax returns. Ensure SOX compliance regarding all financial functions. Work with Human Resources to ensure appropriate legal compliance. Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies. Oversee preparation of monthly, quarterly and annual financial statements. Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation. Enhance and implement financial and accounting systems, processes, tools and control systems Hire, develop and manage accounting directors, managers and staff Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
Financial Management
Manage cash flow planning process and ensure funds availability. Oversee cash, investments and asset management area. Explore new investment opportunities and provide recommendations on potential returns and risks. Maintain outstanding banking relationships and strategic alliances with vendors and business partners. Utilize forward-looking models and activity-based analyses to provide financial insight into the organization's plans and operating budgets.
Financial Relations and Policies
Represent company to banks, financial partners, institutions, investors, public auditors and officials. Remain current on audit best practices as well as state, federal and local laws regarding company operations.
Cash Management
Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs Supervise Accounts Receivable management and provide guidance relating to the collection process
Requirements
Bachelor's degree in accounting or finance CPA Required MBA from top 10 business schools preferred Background in large Public Accounting firms. 6 years minimum experience as a head of finance/accounting in a large ($250 million+), publicly traded corporation. ~15 years total accounting or finance experience Outstanding knowledge and understanding of GAAP, IFRS, and SOX compliance. Background coordinating with I.T. staff to manage and/or upgrade accounting system. Systems implementation experience is strongly preferred. "Hands On" ERP Systems Experience preferred. Outstanding communication and presentation skills. Demonstrated leadership ability, confidence and executive presence - ability to motivate staff. Excellent analytical, reasoning and problem-solving skills Significant experience working with external auditors, internal controls and compliance-related issues.
Physical Demands 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 and responsibilities of this position, the employee will be sitting at a desk 90% of the time. Specific vision requirements for this position include close vision, distance vision, color vision, peripheral vision, depth perception and the 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.
The employee works in an office environment. The noise level in the work environment is consistent with normal office noise levels.
BCI Acrylic Inc. is an Equal Opportunity Employer