About Modular Devices Inc.

Modular Devices Inc. (MDI) is a leading aerospace manufacturer specializing in the design and production of high-quality, mission-critical components for space and defense applications. Based on Long Island in Shirley, NY, MDI prides itself on delivering innovative, precision-engineered solutions that support both government and commercial projects. We are seeking a dynamic and experienced Part-Time CFO to support our financial operations.

Position Overview

MDI is looking for a highly skilled and strategic part-time Chief Financial Officer (CFO) to manage and optimize the company’s financial health. This individual will work closely with the President, senior leadership, and other stakeholders to ensure sound financial management and strategic decision-making. The CFO will be responsible for developing financial strategies, overseeing accounting and financial reporting, managing cash flow, and ensuring compliance with industry regulations.

Key Responsibilities

Financial Strategy & Planning:

Develop and implement financial strategies that align with MDI's business goals, supporting growth, profitability, and long-term sustainability.
Provide insights and recommendations to senior leadership on financial performance and opportunities for improvement.

Financial Reporting & Analysis:

Oversee and ensure accurate and timely preparation of financial statements, including income statements, balance sheets, and cash flow statements.
Lead the preparation of quarterly and annual budgets, forecasting, and variance analysis.
Prepare detailed financial reports for investors, customers, and government stakeholders.

Cash Flow & Budget Management:

Monitor cash flow to ensure liquidity for operations, working capital, and project funding.
Manage budgets, analyze financial performance, and make recommendations for cost control and efficiency improvements.
Ensure that MDI's financial resources are optimally allocated to achieve company objectives.

Compliance & Risk Management:

Ensure compliance with government regulations, accounting standards (GAAP), and any relevant industry-specific financial reporting requirements.
Oversee audits and ensure timely filing of taxes and other regulatory reports.
Identify and mitigate financial risks, including those related to contracts, pricing, and accounting practices.

Contract Management & Financial Oversight:

Collaborate with the contracts team to review and negotiate contract terms and pricing, ensuring alignment with MDI’s financial goals.
Oversee billing and invoicing processes, ensuring accuracy and timely collection of payments.

Qualifications & Experience

Proven experience as a CFO or in other senior financial roles, ideally within aerospace, defense contracting, or manufacturing sectors.
Strong understanding of government contracting and compliance requirements, including FAR (Federal Acquisition Regulation) and DFARS (Defense Federal Acquisition Regulation Supplement).
Experience in managing financial forecasting, budgeting, and reporting in a growing small-to-medium-sized business.
Advanced knowledge of financial software, ERP systems, and Microsoft Excel.
Exceptional analytical, organizational, and communication skills.
Bachelor’s degree in Finance, Accounting, Business Administration, or a related field; CPA, MBA, or similar advanced qualifications preferred.
Ability to work independently with minimal supervision and make strategic financial decisions.
Strong ethics and the ability to navigate complex financial regulations.

Job Type: Part-time

Pay: $80.00 - $100.00 per hour

Expected hours: No more than 25 per week

Benefits:

401(k)
401(k) matching
Dental insurance
Health insurance
Life insurance
Paid time off
Vision insurance

Ability to Commute:

Shirley, NY (Preferred)

Ability to Relocate:

Shirley, NY: Relocate before starting work (Preferred)

Work Location: In person

Modular Devices, Inc.

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