Automotive Chief Financial Officer - Summary
Directs the dealership's financial planning and accounting practices, as well as its relationship with lending institutions, shareholders and the financial community by performing the following duties personally or through subordinate managers.
Automotive Chief Financial Officer - Essential Duties
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Oversees and directs treasury, budgeting, audit, tax, accounting, purchasing, real estate and insurance activities for the dealership.
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Oversees Isurance bids-Health, DOL, Garage Liability
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401k -Plan document, annual audit, annual census testing
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VIT Accrual, property tax accruals
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Intimate knowledge of all balance sheets accounts/schedules
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Intimate knowledge of all Income Statement accounts
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Review expenses for variance
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Forecasting, budgeting, and pay plan development
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Worker's Comp Annual Workers Comp Audit
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Oversee legal and insurance claims
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Expense as percentage of net profit forecasting and budgeting
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Oversee Human Resources and IT Departments
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Oversee all internal controls and develop policy and procedures
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Oversee parts inventory
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Works closely with the dealer on long-range planning, cash management and funds allocation.
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Maintains relationships with financial institutions on matters of lines of credit and funds management.
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Analyzes, consolidates and directs all cost accounting procedures together with other statistical and routine reports.
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Directs and analyzes studies of general economic, business and financial conditions and their impact on the dealership's policies and operations.
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Directs the controller in providing and managing the procedures and systems necessary to maintain proper records and to afford adequate accounting controls and services.
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Oversees and directs the preparation and issuance of the dealership's annual report.
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Appraises the dealership's financial position and issues periodic financial and operating reports.
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Maintains close working relationships with accountants to ensure adherence to Generally Accepted Accounting Principles (GAAP) and maintenance of a dealership financial structure designed to minimize tax liabilities.
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Maintains close working relationship with legal counsel to ensure that all dealership financial activities are properly conducted, documented and reported.
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Assists the dealer and general manager with cash flow management by working with the controller to follow contracts-in-transit, accounts receivable and purchaser loan payoffs.
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Assists the general manager in preparing financial projections and budgets for each retail facility.
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Negotiates relationships with insurers to provide insurance coverage and other benefits.
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Represents the dealer as a personal agent within the dealership and at functions outside the dealership.
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Other tasks as assigned.
