JOB DESCRIPTION
Position: CFO
Reports to: CEO
The Company is a retail business (Forman Mills and Shoppers World). Position is based out of the Corporate office of Pennsauken, NJ, however some travel to the Corporate Office for Shoppers World in NY, is required.
Job Function:
The CFO is a key member of the finance leadership team and reports to the Chief Executive Officer (CFO). The CFO is responsible for directing the fiscal functions of the business in accordance with Generally Accepted Accounting Principles (GAAP). In addition, this individual will be directly involved in providing strategic financial input and leadership on decision making issues affecting the business. Finally, through keen oversight of the accounting process the CFO will enhance and/or develop, implement, and enforce policies and procedures by way of systems that will improve the overall operation effectiveness and financial condition of the company. The CFO should have retail business/background experience.
Responsibilities:
Financial Management
· Direct Accounts Payable (AP) and Accounts Receivable (AR) processes to ensure timely billing and sufficient cash flow for the company
· Develop a reliable cash flow projection process and report mechanism which includes minimum cash threshold to meet operating needs of the company and ensures timely invoicing to the company’s clients and payments to outside vendors
· Optimize overhead expenditures
· Oversee the collection of past-due accounts
· Facilitate the optimization of the company’s accounting software system, by providing appropriate information in regard to estimating, traffic, Profit & Loss, revenue and account summary reporting
· Create and implement a working capital plan and direct investment of excess working capital
· Investigate and recommend outside resources for capital when needed, negotiating competitive rates
· Report monthly to managing partners on all financial areas
· Maintain and administer stock ownership practices and reporting to shareholders
· Oversee and direct the annual auditing process and report to shareholders
· Satisfy all regulatory and tax compliance filings and reports, while working to minimize taxes
· Direct a team of 2 with the following direct reports:
o Controller
o Payroll Manager
Required Experience & Qualifications
The ideal candidate will be an experienced accounting leader responsible for the day-to-day activities of the corporate accounting function.
· Bachelor's degree in Accounting.
· CPA certification preferred but not required.
· Retail industry experience preferred, multi-unit, multi-state.
· Strong working knowledge of GAAP, related financial reporting standards, including inventory, lease accounting, revenue recognition standards, financial statements and budgeting.
· Excellent knowledge of accounting and financial processes (budgeting, monthly closure and reporting).
· Demonstrated strong team leadership and development skills. The ability to manage, influence, inspire, build and develop teams with varied skills sets
· Exceptional verbal and written communication skills with ability to present financial information in both verbal and written formats to all levels of management, Ownership and external constituents
· Highly organized approach, superior work ethic, unquestioned integrity, a ‘no job too small’ mentality and a ‘can do’ attitude
· Detail-oriented and "roll-up-your-sleeves" professional.
· Ability to manage multiple projects simultaneously with superior attention to detail, high level of accuracy, and excellent organizational and time management skills.
· Well-organized, inquisitive, confident, self-aware, decisive, and creative.
· Strong systems aptitude and proficiency, including expert Excel skills. Proficiency in other Microsoft Office applications is strongly preferred.
· Great Plains experience is a plus.
We offer opportunities for career development, comprehensive health insurance benefits and 401k with company match.
EEO
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Employee discount
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
Work setting:
Ability to Relocate:
- Pennsauken, NJ 08110: Relocate before starting work (Required)
Work Location: In person