Chief Financial Officer

COIT Cleaning and Restoration Services • Full-time • Burlingame, California, United States • $200k - $300k / year • 3m ago

Chief Financial Officer

Company Overview

We are looking for a hands-on Chief Financial Officer (“CFO”) to join our extraordinary team because our current CFO is retiring.
We are a $30 million, privately owned family business specializing in the cleaning industry with company owned locations as well as franchises throughout the US and Canada.

Strategy, Planning and Management

Act as CFO and strategic business partner to senior executive leadership team.
Assess and evaluate financial performance of organization regarding long-term operational goals, budgets and forecasts.

Provide insight and recommendations to both short-term and long-term growth plan of organization. Identify, acquire and implement systems and software to provide critical financial and operational information. Evaluate departments and make suggestions for automating processes and increasing working efficiency.

Communicate, engage and interact with the Board of Directors, CEO, VP of Operations and Executive Leadership Team.
Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
Select and engage consultants, auditors and bankers.
Recruit, interview and hire finance, accounting and payroll staff as required.
Serve as a key member of the executive leadership team.
Participate in pivotal decisions as they relate to strategic initiatives and operational models.
Implement policies, procedures and processes as deemed appropriate by senior leadership team.Financial Analysis, Budgeting and Forecasting
Prepare and present monthly financial budget reports including monthly profit and loss by division, forecast vs. budget by division and weekly revenues, accounts receivable and accounts payable and cash flow by division.
Review and analyze monthly financial results and provide recommendations.
Working closely with the EVP, develop and maintain the monthly operating budget and annual company operating budget.
Manage financial planning and analysis. Supervise creation of reports, software implementation and tools for budgeting and forecasting.
Participate in weekly conference calls with Executive Leadership Team.

Accounting, General Ledger, Administration and Operations

Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software.
Review and ensure the application of appropriate internal controls and financial procedures.
Ensure timeliness and accuracy of financial and management reporting data.
Oversee the preparation and communication of weekly, monthly and annual financial statements and related information.
Oversee the preparation and timely filing of all local, state and federal tax returns.
Work with Human Resources to ensure appropriate legal compliance.
Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
Oversee preparation of monthly, quarterly and annual financial statements.
Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
Enhance and implement financial and accounting systems, processes, tools and control systems
Hire, develop and manage accounting Controllers, managers and staff
Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
Coordinate and strategize methods used to attain team goals with Corporate Controller and Regional Controllers.

Financial Management

Manage cash flow planning process and ensure funds availability.
Oversee cash and asset management area.
Explore new investment opportunities and provide recommendations on potential returns and risks.
Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.

Financial Relations and Policies

Represent company to banks and public auditors.
Remain current on audit best practices as well as state, federal and local laws regarding company operations.

Finance and Accounting Team Management

Mentor and develop a team of 3 Controllers, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.
Guide larger, cross-divisional teams outside of direct span of control within the 13 main company divisions.

Cash Management

Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs
Supervise Accounts Receivable management and provide guidance relating to the collection process

Chief Financial Officer (CFO) – Position Requirements

Bachelor’s degree in Accounting or Finance
CPA preferred
MBA preferred
Background in Big 4 preferred
Franchise experience preferred
6 years’ minimum experience as a CFO in a $30 million+ Company.
Acquisition and divestiture experience preferred
15+ years total accounting or finance experience
Outstanding knowledge and understanding of GAAP and including ASC 842.
Background coordinating with I.T. staff to manage and/or upgrade accounting system. Systems implementation experience is strongly preferred.
“Hands On” ERP Systems Experience – Microsoft Dynamics or Microsoft Dynamics 365 preferred
Outstanding communication and presentation skills.
Demonstrated leadership ability, confidence and executive presence – ability to motivate staff.
Excellent analytical, reasoning and problem-solving skills
Significant experience working with external auditors, internal controls and compliance-related issues.

Job Type: Full-time

Benefits: