Job Opportunity

VP – Finance

Charlotte, NC

Job Summary

Private equity firm. Work for a Managing Director of the firm that is looking to complement the management team for two companies. Accounting degree and active CPA. 3+ years of public accounting experience; 5+ years of industry accounting experience.

Details

Accountants One has been retained by a private equity firm to help them identify and hire a VP of Finance over two of their portfolio companies located in Charlotte, NC. The combined companies have approximately $50 million in revenue.

This is an incredible opportunity for someone at the right juncture of their career to really improve their resume by adding M&A experience and experience working for/with a private equity owner. This is not only a job for someone that is open to challenges but is best suited for someone that thrives on tackling challenges. This is a role that offers a great chance to shine and make a considerable impact.

The successful candidate will have a mix of public accounting experience out of college and corporate/industry accounting with small to mid-size companies. The successful candidate will enjoy the challenge of improving the accounting policies, procedures and thought-processes of an almost 40-year old company. The company is going live on a new ERP system (NetSuite) in late April that will offer a lot of opportunities to automate processes that have previously been handled manually. This is an outstanding opportunity to work for a Managing Director of the private equity firm (I.e., David McNeill, also President of PSSR LLC) that is looking to complement the management team for these two companies, but also presents the potential longer-term opportunity to work on other portfolio challenges in the future.

The ideal candidate is hungry, humble and smart. Hungry in that he or she is ready to proactively take on new challenges and pitch in as needed based on the demands of the business. Humble in that he or she is confident enough to say “I don’t know” when that is the case, ask for help when needed and give credit to others. Smart in an emotional way in that their interactions lift others up and inspire them to be better members of our team.

Top Objectives for the VP of Finance in the first 6 to 12 months:

Verify NetSuite implementation was successful. Ensure financial statements are flowing correctly for both portfolio companies and identify and implement areas of automation that drive economic performance via more timely and accurate information.
Work with banks and lenders to manage performance against covenants and improve access to capital.
Manage cash flow and cash flow forecasting.
Work with merchandising to improve vendor/manufacturer credit arrangements.

Job Duties:

Manage the day-to-day accounting staff handling billing, cash apps, collections, full-cycle A/P and payroll.
Manage and review bank reconciliations for two companies.
Manage and review accounting for >1,000 daily credit card transactions.
Manage, review and prepare bank reconciliations.
Manage and process month-end close, balance sheet reconciliations.
Prepare monthly financial statements and monthly financial reporting package for the CEO, senior management team and private equity partner.
Help leadership team improve processes and prepare companies for sales transactions. One company should be ready to begin the sale process in ~12 months and the second company in ~24 months.
Drive the monthly financial analysis and reporting process including forecasting, variance analysis and cash flow forecasting.
Implement best-in-class inventory reporting and accounting processes.
Learn, manage and improve eCommerce accounting function.
Help leadership team drive project level economic analyses.

Job Requirements
Required Qualifications:

Accounting degree and active CPA.
Three or more years of public accounting experience.
Five or more years of industry accounting experience.
Two or more years of management experience.
Expert level Excel skills.
NetSuite ERP experience highly preferred.
M&A experience a plus.
Sincere interest in a hands-on role, involved in all aspects and details of a business to assist in preparing for a full potential exit and managing through the sale process.

Core Competencies:

“Athlete” mind set, confidence in taking on challenges.
Ability to think strategically and work as part of senior management team, while simultaneously being very hands-on with the accounting for two companies.
Proven ability to automate manual processes.
Excellent communication skills, ability to convince people change is a good thing and get their buy-in.

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• Job Reference #: careerbuilder JHS42V60Y1VBT728B2N
• Compensation: $ 125,000
• Min Education: BA/BS
• Min Experience: 3 years