One of our favorite CFO clients is looking for a strong partner to lead their accounting function. This is a great role for someone who seeks both a compelling mission and a high-growth organization.
Our client is a high-growth PE-backed, mission-focused consumer healthcare services organization. Our VP, Controller will serve as the primary accounting partner for corporate and field operations and lead a high-performing team that delivers financial information in a timely, accurate, and transparent manner. There is a great opportunity here to make a strong impact in a fast-growing organization.
Duties & Responsibilities
Financial Reporting & Accounting Leadership
- Lead the monthly, quarterly, and annual close process to ensure timely and accurate financial reporting.
- Ensure compliance with GAAP, regulatory requirements, and internal controls.
- Manage revenue accounting, including revenue recognition policies and procedures.
- Oversee bad debt reserves, write-offs, and balance sheet management, ensuring financial accuracy and appropriate provisions.
Acquisition Integration & Purchase Accounting
- Lead acquisition integrations, including purchase accounting, opening balance sheets, and ongoing financial consolidation and operations.
- Work closely with M&A teams to ensure seamless financial transitions and alignment with company policies.
- Participate in acquisition due diligence including working with external Quality of Earnings firms.
- Ensure acquired entities adhere to company financial standards, policies, and reporting structures.
Treasury & Cash Management
- Oversee cash flow forecasting and liquidity management to optimize working capital.
- Manage banking relationships, treasury operations, and capital planning.
- Optimize cash collection rates and monitor cash triangles to ensure strong cash flow performance.
Other Responsibilities
- Build a culture of continuous improvement in Accounting and overturn the status quo
- Assess Accounting human capital over the first 60-90 days and map out a plan to achieve the business goals with the right talent
- Improve close cycle time from 10-15 business days to 5 business days
- Reduce bottleneck of monthly close checklist
- Expand and add necessary detail to the chart of accounts to create more visibility into business results
- Partner with FP&A team on group and company-wide goals and initiatives
- Implement effective financial controls and strict (but not burdensome) approval procedures to manage and authorize disbursements across a decentralized operation, including both operating expenses and capital expenditures
- Define clear accounting policies and manage to them (e.g., bad debt reserves and write-offs)
- Provide insight into spend to operators across the Company
- Partner with operators to help them understand "where the cost sits"
- Act as a steward of company resources to spotlight when resources are not being used effectively or on budget
- Oversee activities of the Accounts Payable department, ensuring accurate and timely processing of accounts payable. This includes compliance with delegation of authority policies and processing of employee expense reports.
- Develop, establish, and maintain financial accounting systems & controls to verify the integrity of all processes and data.
- Document and maintain complete and accurate supporting information for all financial transactions.
- Create, publish, and manage policies including T&E, corporate card, and a company-wide delegation of authority matrix and associated policy.
- Establish an Internal Audit function to ensure compliance with policies, payor contracts, and to evaluate and improve the company's financial controls, processes, and risk management.
- Manage the company's annual property and casualty insurance renewal process; evaluate P&C program structure and ensure appropriate policies and limits are in place.
Requirements & Qualifications
- CPA and a minimum of 15 years' experience required; Big 4 background strongly preferred.
- Experience in multi-site retail organization and private equity environment.
- Analytical ability to develop and implement improvements or recommendations.
- Attention to detail, bias towards action, and unwavering ethical standards.
- Ability to build credibility with operators and drive respect for company policies.
- IPO and transaction readiness experience a plus.
- Ability to work with a high degree of autonomy.
- A desire to be challenged; a desire to "take on more" while realistic in expectation-setting
- Desire to "build something" and an interest in being part of a growth company
- Strong presence and stakeholder management skills
- Other Internal stakeholders: Operators across the organization; Accounting Department; FP&A Department
- External stakeholders: Lenders, banking providers, auditors
- Prior experience as a Controller or Chief Accounting Officer role is a distinct advantage for candidates applying for the position.