A well-established, mid-market electronics company is looking for an accomplished and proactive Vice President of Finance to join their team.
The VP of Finance will play a crucial role in driving the financial strategy, ensuring robust fiscal management to support the company's growth objectives.
The ideal candidate will have extensive experience in financial planning, analysis, and leadership, with a proven record of accomplishment in the e-commerce industry. Responsibilities:Financial LeadershipCompany Budget– Own the Company Budget and annual planning process to help drive growth aligned to the Company Business PlanStrategic Initiatives & Analysis– Identify and implement strategic initiatives to evolve the company's financial management setup to help support company growth and international expansion.
This includes corporate structure, capital planning, people, systems, processes, and analysis to enable the Company to achieve long-term growthRisk Management / Forecasting– Collaborate directly with Brand & Sales Directors to establish detailed financial models to drive accurate forecasts, inventory management, and channel profitability / ROI to achieve sales targets and maximize bottom-line profitability.Payroll– Work in partnership with the Human Resource Manager to ensure all Payroll considerations are aligned with Company growth plans, e.g., overtime, commission structure, and employee bonuses.
Own and streamline the payroll process and develop compensation modelsFinancial ReportingCompany Reporting– Work closely with External Accountants to support all external Company financial reporting and filingsMonthly Management Reporting– Establish consolidated internal monthly management reporting.
Examples would include cash flow projections, detailed P&L summaries, and inventory management/turnsMonthly Management Financial Review– Own Management review process, including driving items for attention and review and leading collective remediation efforts as requiredFinancial Operations3rd Party Vendors– own the Company's financial relationship with all 3rd Party vendorsSales Planning– Manage the Sales Planning and forecasting processPurchasing– Manage all Product Inventory and oversee the procurement of goods and materials, ensuring optimal inventory levels to meet business needs.
Work in partnership with other functions in evaluating supplier performance, negotiating contracts, forecasting demand, and monitoring stock levels to prevent shortages or excess.Shipping– Optimize all Freight costs (including negotiations)Warehouse– Optimize Warehouse cost utilization i.e., streamlining inventory management, improving space utilization, negotiating contracts, and partnering to implement technology to automate processesAccounts Receivable– Responsible for the Accounts Receivable process and collaborating with Sales to resolve payment issues and enhance cash flow.Resource ManagementThe existing Financial Controller and an Account Receivable Associated will be direct reports along with several external contractorsExtensive interaction with the Chief of Staff, Management Team, and OwnersClose interaction with External Accountants and BanksOpportunity to build a small team over time dependent on Company growth plansQualifications:Bachelor's degree in finance, accounting, or a related field; MBA or CPA preferredMinimum of 10 years of experience in finance, with at least 5 years in a senior leadership roleStrong analytical and problem-solving skills including detailed knowledge of excelExcellent communication and interpersonal skillsStrong track record of establishing scalable, repeatable processesProven ability to work in a fast-paced, dynamic environmentOwnership mindset – See a problem and fix it
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