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Chief Financial Officer

Austin, TX 78760

Posted: 01/30/2019 Employment Type: Direct Hire Type of Position: Accounting & Finance Job Number: 2377

The Role:   Chief Financial Officer

Location: Austin, TX

The Company:

HireBetter has been retained by a leading commercial services company to identify a Chief Financial Officer.    Our client is a well-established company servicing the Austin and San Antonio markets since 1972.   The company has three different service segments: project, service and maintenance work within the HVAC, plumbing, electrical and refrigeration product line verticals. Our client values include creating a warm company culture with cool people to work with!  Our client’ s vision is to become a national platform serving customers from coast-to-coast.  

Responsibilities: 
  • Act as Chief Financial Officer and strategic business partner to senior executive leadership team.
  • Assess and evaluate financial performance of organization with regards to long-term operational goals, budgets and forecasts, (field gross margin & EBITDA margin targets).
  • Provide insight and recommendations to both short-term and long-term growth plans of the organization.
  • Act as the key stakeholder for their new ERP system, (NetSuite), which provides critical financial and operational information to the organization and Board. 
  • Implement financial policies, procedures and processes as deemed appropriate by the senior leadership team.
  • Lead and maintain all key banking relationships, making sure we are in compliance with the operational covenants.
  • Support CEO by preparing materials for the Board meetings and other executive meetings as needed.
  • Recruit, interview and hire finance, accounting and payroll staff as required.   Mentor and develop a team of five members, with the potential to grow the organization as we grow the business.
  • Select and engage consultants, auditors and other key financial support vendors.
  • Responsible for the preparation and development of the annual operating budget, (revenue, expense, capital and cash budgets) and related budget financial statements consistent within FCS guidelines.
  • Prepare and present weekly, monthly and annual financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
  • Review and analyze monthly financial results and provide operational recommendations.
  • Identify, develop and execute analysis of business initiatives and/or new service offerings.
  • Create key financial and operating metrics, (KPI’ s), that provide insights into operational decisions.
  • Supervise the accounting department to ensure the proper functioning of all systems, database and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
  • Ensure GAAP compliance regarding all financial functions.
  • Review and ensure application of appropriate internal controls, compliance and financial procedures.
  • Ensure timeliness and accuracy of financial and management reporting data for the internal executive team and the company’ s board of directors.
  • Oversee and participate in the preparation and timely filing of all local, state, and federal tax returns.  
  • Manage cash flow planning process and ensure operational funds availability.
  • Actively manage accounts receivables and daily cash collections and AP department, approve large payables, sign checks, authorize large wires and ACH transactions.
  • Create weekly cash collections report and forecast for CEO.
  • Assess and evaluate financial performance of organization with regards to long-term operational goals, budgets and forecasts.
  • Actively manage project estimates, while ensuring with divisional management the successful achievement of targeted gross margin requirements.
  • Review monthly cost reports with Project Managers. Offer analysis on monthly changes and identify any potential cost issues on each project. 
  • Participate in the executive team deal committee to approve various larger project opportunities.
  • Create MBO’ s (Management by Objectives), goals and monitor and review performance as per company guidelines. 

Qualifications:
  • Seasoned financial manager with a minimum of a bachelor’ s degree in a related field. Prefer advanced degrees and professional certifications (MBA, CCIFP, Certified Public Accountant and/or Certified Management Accountant). 
  • A minimum of ten years of progressively responsible financial and c-suite experience in a large and complex organization is required.
  • Demonstrated deep operational expertise with NetSuite ERP
  • Significant experience in or knowledge of GAAP accounting, compliance and reporting.
  • Honest, direct communication style.
  • Strong skills in communications and interpersonal relations.
  • Skilled decision-maker, with transparency in decision-making and management.

 

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