The VP of Finance is responsible for providing leadership and coordination of company financial planning, debt financing, and budget management functions and ensure company accounting procedures and reporting conform to generally accepted accounting principles.
ESSENTIAL JOB DUTIES/RESPONSIBILITIES
To perform this job successfully, the individual must be able to perform each essential duty satisfactorily. Reasonable accommodation may be made to enable qualified individuals with disabilities to perform essential job functions. Essential job functions and duties include, but are not limited, to:
Direct and coordinate LOB financial planning and budget management functions
Recommend benchmarks for measuring the financial and operating performance
Timely prepare and analyze monthly operating results against budget
Oversee daily operations of the finance and accounting department
Manage the preparation of all financial reports including bank’s monthly and quarterly reports, monthly admission reports, and payroll entries.
Working relationship with banks
Manage the preparation of financial outlooks and financial forecasts
Prepare financial analysis for contract negotiations and product investment decisions
Ensure compliance with local, state, and federal budgetary reporting requirements
Work with department managers to develop annual budgets and five year business plans
Assist in establishing short- and long-range departmental goals, objectives, policies, and operating procedures.
Design, establish, and maintain an organizational structure to effectively accomplish the departments goals and objectives
Serve on planning and policy-making committees
Serve as primary government liaison relative to financial issues
Coordinate financial audits and provide recommendations for procedural improvements
Manage customer credit terms, customer credit applications, and associated activities related to customer credit management (i.e. customer deposits, credits, etc.)
Follow established department SOP's and cGMP regulations,.
Complies with all Company policies and procedures, including safety rules and regulations.
Maintains a safe work environment and operates in a safe manner.
Perform other related job duties related to the job, as assigned by management.
SUPERVISORY DUTIES
Performs a variety of leadership duties and job tasks within assigned department and/or work area, ensuring that all applicable safety laws/regulations, as well as state/federal employment laws that pertain to position are followed in accordance with Company policies, procedures, standards, and work-rules.
Supports Company policies, procedures, and work-rules and ensures that department employees comply with policies, standards, and work-rules.
Assists with interviewing and selection process of new hires for department, ensuring that non-discriminatory laws and guidelines are followed.
Provides coaching, guidance, and training to department employees; ensures that employee meets company standards and work expectations as required by job description.
Reviews safety rules with new department employees, ensuring that Company safety policies and work rules, as well as machinery safety rules and guidelines are understood, before the worker is allowed to operate machinery independently; participates in injury/accident investigations, and completes necessary reports; conducts daily safety inspections of machinery and work area.
Counsels and disciplines employees, as needed, to ensure compliance with Company policies, standards, and work rules.
Sets a positive example of leadership to others within the department and throughout the organization; promotes a leadership style that encourages open communication, positive team-building efforts and employee morale.
Completes 90-Day and annual employee performance evaluations for all department employees.
Participates in employee suspension and termination meetings.
Performs other supervisory and managerial duties as needed/requested by senior management.
QUALIFICATIONS
The requirements listed below are representative of the knowledge, skills, education, and/or abilities required for the job:
Bachelors Degree in relative field such as Accounting or Finance required
MBA in Accounting or Finance Preferred
Background in Big 4 Public Accounting Preferred
CPA License Preferred
7-10 plus Years total accounting or finance experience
Outstanding knowledge and understanding of GAAP, IFRS, SOX compliance and SEC reporting.
Background coordinating with I.T. Staff to manage and/or upgrade accounting system. Systems implementation experience strongly preferred.
Hands on ERP Systems Experience
Significant experience working with external auditors, examines internal controls and compliance-related issues.
Proficient skills in reading, writing, and speaking in English; bilingual (English/Spanish) skills a plus.
Outstanding written, oral, presenting, and communications skills & techniques.
Advanced math skills; proficiency with 10-key calculator.
Effective planning & organizing skills; ability to handle multiple task/duties.
Proficient PC skills (Microsoft Word, Excel, Power Point).
Effective problem-solving skills.
Ability to work independently and in a team environment.
Knowledge of general office skills and administrative procedures, including, but not limited to: typing (min. 45-50 wpm), filing, copying, faxing, editing, and development of memos, letters, reports, and correspondence.
Ability to maintain a positive, professional, cooperative demeanor, conduct, and working relationship with peers, management, employees, and other individuals that interact with this position.
Ability to comply, interpret and support Company policies, procedures, work rules, and protocols.
Ability to adapt effectively to workplace changes and new job duties/responsibilities.
Ability to represent the Company in a positive and professional manner at all times.
SELECTION GUIDELINES
The appropriate knowledge, skills and abilities required for this position are achievable through the following combination of education, work experience and training:
Bachelor’s Degree in Accounting or Finance Required
MBA in Accounting or Finance Preferred
Background in Big 4 Public Accounting Preferred
7-10 plus Years total accounting or finance experience
Any combination of experience, education, and training that provides the level of knowledge, skills, and experience needed to successful perform the job.
PHYSICAL DEMANDS & WORKING CONDITIONS
The essential functions of this job require the employee to perform the following physical activities during the course of work:
Communicates orally with management, employees, co-workers, vendors, suppliers, governmental compliance agencies, and the general public by telephone or in person, in one-on-one or group settings.
Regularly uses a telephone, computer (e-mail) and fax for communication.
Required to stand, walk, and sit for extended periods of time during the course of work shift.
Routinely required to stoop, bend, kneel, lift, reach, pull, push, and tilt object in the performance of job function.
Requires the essential use of hands, speech, eyesight, and hearing.
Requires agility to operate multiple telephone lines with the use of hands and head-set.
Lifting limitations for this position: 25-30 lbs. May have to manipulate heavier containers.
Requires incumbent to sit and operate computer for extended periods of time during course of work day, and the ability to proficiently use the computer key-board for typing.
Noise level for this work environment is typically low to moderate.Some work areas require hearing protection for an 8-hour work day.
Periods of odoriferous environment.
Work environment may involve exposure to allergens such as Soy, Wheat, Fish, Shell Fish, Milk, Egg, Tree nuts, and Sesame.
Note: The Company reserves the right to modify, update, change and/or make corrections to this job description, at the sole discretion of senior management, at any time during the employee’s employment term, at the sole discretion of management.
Best Formulationsis an equal opportunity employer committed to employing a diverse workforce and providing accommodations for people with disabilities in all parts of the hiring process as required under its Employment Accommodation Policy. Best Formulations will work with applicants to meet accommodation needs that are made known to Best Formulations in advance.
