Vice President of Finance

RHH202514

Technology Services

THE COMPANY

Founded as a family-owned company over a half-century ago, our client is now flourishing in its third (3^rd) generation of family ownership. Located in suburban Detroit, they serve their customers across the nation providing the design, engineering, commissioning and servicing of turn-key commercial audio/video communication solutions. Proving, for decades, their ability to adapt with changing technology they have pioneered the audio/video industry, with a long-standing reputation for providing timely, efficient solutions with the highest level of client satisfaction. Today, they have expanded their operations to many other commercial business and industrial manufacturing facilities, becoming an industry leader providing IT-centric audio/video and information communication technology systems to casinos, concert & event centers, office buildings, hospitality facilities, restaurants, retail outlets, lounges, nightclubs, educational facilities and financial corporations. Going to market via channel partners with either a business-to-business or business-to-consumer approach, they are positioned for significant growth.

THE OPPORTUNITY

The Vice-President of Finance will be responsible for and report on strategic and tactical matters as they relate to GAAP, project accounting functions, budget creation and management, cost-benefit analysis, and forecasting. Our client is seeking a solution-minded, hands-on leader who will roll up their sleeves and support the growth of the organization. The VP of Finance prepares and/or directs the preparation of reports, which summarize and forecast business activity and the company’s financial position. The successful candidate will have demonstrated success in the areas of forecasting, budgeting, financial planning, analysis, income, expenses, earnings, cash flow management, professional services contract and project accounting. The position incorporates essential duties and responsibilities in establishing efficiencies, systems, processes, and procedures. The VP of Finance will instill a sense of empowerment and accountability amongst the team.

This position reports directly to the President/CEO with four (4) direct reports.

JOB DEFINITION

The ideal candidate will be passionate about the company’s mission and will actively participate both strategically and tactically in the company and manage all accounting and finance activities. This leader must be highly knowledgeable in assisting with continuous refining of the forecasting and projection model to align with the current and future stake of the company, including project tracking that streamlines efficiencies. Further, this includes the management of internal and external relationships as necessary to ensure compliance with regulatory and company standards. A strong communicator and skilled financial manager, they will produce thorough financial-status reports to help improve operational efficiency and aid in continued optimization. As a value-added partner to the internal team(s), this leader will help elevate the business to the next level with a coach/mentor attitude. Additionally, this role will provide appropriate analysis, insights, and advice to the team in a manner that ensures good business decisions are made with timely, accurate, and relevant information.

SKILLS

The VP of Finance will be responsible for day-to-day accounting, direct treasury, audit and tax, as well as maintaining accurate accounting records according to GAAP. They will partner with President/CEO to provide support on planning initiatives through meaningful financial information planning and analysis.

Works with the leadership team in the development of financial planning, budgets and business models to determine prospective cost effectiveness and ROI.
Develop, implement, and execute aggressive but realistic annual plans targeted to increase accounting and finance efficiencies.
Lead financial and accounting efforts as it pertains to proposals, client invoicing, payroll, A/P and A/R.
Create and maintain ongoing reports, including monthly P&L statements, balance sheets and other internal financial reporting.
Interface with CPA firm.
Develop and maintain effective, long-term relationships with all internal and external stakeholders, including banking relationships.
Manage financial forecasting and planning processes while monitoring and reporting on the financial performance of the company.
Input and collaboration with cross functional teams related to inventory management and purchasing.
Compile and analyze financial reporting packages, prepare monthly and annual operating budgets, consolidate statements, ensure timely and accurate reporting of monthly, quarterly, and annual financial statements.
Provide guidance to principals on business transactions. Ensure timely and accurate reporting of monthly, quarterly and annual key financial performance indicators (KPI’s).
Working in conjunction with the management team, strategically assess long term goals and objectives in a changing business environment.
Analyzes cash flow, cost controls and expenses to guide business leaders.
Investigating and reporting on variance findings related to cash flow to the President/CEO.
Manage financial controls in accordance with the company’s procedures.

BACKGROUND EXPERIENCE

Proficiency with Solutions360 ERP/accounting software is preferred but not required.
Experience working for a privately held or family business is required.
Blue collar executive with an owner mentality.
Proven creative problem-solving skills.
Preference will be given to candidates with experience in professional services, construction, trades and related services industries.
Minimum of ten years of experience in senior-level finance or accounting positions.
Proven ability in finance, accounting, budgeting, and cost control principles.
Ability to analyze financial data and prepare financial reports, statements, and projections.
Work requires professional written and verbal communication and interpersonal skills.
An open, honest, and respectful communication style tailored to varied audiences and must be approachable.
Confidence, engagement, proactivity and collaboration are essential.
Stellar work ethic; willing to work hard, in person to get the job done.
Proven ability to demonstrate the highest level of integrity with impeccable analytic and organizational skills.
Ability to adapt, prioritize and react quickly to changes; self-motivated, self-directed, and can handle criticism.
Team player with a sense of humor that knows how to make routine tasks fun.
“Open door” mentality, and likeable.

Education:

Bachelor’s degree in Business, Accounting, Finance, or related discipline is required. CPA designation preferred but not required.

If you have these qualifications and are looking for a challenging career, please submit your Resume using the button below.

Todd Hohauser

CEO & Lead Consultant

Jodi Ellis

Director, Executive Recruitment