Job Description
We are a recruiting agency under exclusive contract with our client, a top tier business management company that acts as a business "concierge" for A-list clients in entertainment, sports and business. They provide white glove financial services including CFO and family office services (accounting, bill paying, bookkeeping, cash flow analysis, budgeting, forecasting, HR, payroll management, financial analysis, financial reporting...) to financial & estate planning as well as strategic tax services including tax planning and tax preparation. This VP reports to the CEO.
Summary
The Business Management Company ("Client") is seeking an experienced VP of Finance to join our rapidly growing firm. The VP of Finance will be responsible for the development of the Client's financial management strategies and will play a pivotal role in driving the firm’s overall financial success. This role will work closely with members in leadership to carry out financial planning, reporting, forecasting, and budgeting. This position will further be responsible for developing and maintaining accounting principles, practices, and procedures to ensure accurate and timely financial statements. This position addresses tight deadlines and a multitude of accounting activities including general ledger preparation, financial reporting, and year-end preparation. Qualified candidates will possess a strong combination of financial and accounting expertise, leadership skills, and business acumen. This is a full-time position based out of Century City in Los Angeles, CA, with the consideration to work with a hybrid schedule.
Responsibilities:
• Enforce internal controls to maximize protection of company assets, policies, procedures, and workflows.
• Ensure bank compliance activities are performed in a timely and accurate manner.
• Review and analyze client billing data and address discrepancies as needed directly with staff.
• Execute annual budgeting process, working closely with leadership to ensure accurate and achievable budgets.
• Cultivate strong relationships with 3rd party vendors including but not limited to banks, legal firms, client service providers, and other relevant stakeholders.
• Establish financial and operating benchmarks and reporting standards.
• Maintain reporting systems ensuring compliance with GAAP standards, regulatory requirements, and reporting needs.
• Remain up to date with Accounting Standards Codification (ASC) in order to determine proper action of various accounting matters.
• Develop, evaluate, and maintain accounting and financial controls.
• Assist in development and implementation of new procedures and features to enhance the workflow of the department.
• Assist in developing and supporting short and long-term operational strategies.
• Management of monthly closing process including overseeing client billing, preparation of variance explanations and report generation.
• Obtain and maintain a thorough understanding of the financial reporting and general ledger structure.
• Ensure accurate and timely monthly, quarterly, and year-end close processes.
• Implement cost controls to ensure alignment to budgets and to maximize profitability.
• Ensure the timely reporting of all monthly financial information.
• Ensure the accurate and timely processing of positive pay transactions.
• Respond to management regarding financial results, special reporting requests, and other reports.
• Special projects as assigned by Executive leadership.
M & & experience highly desired as they have acquired smaller firms.
Requirements
• 7-10 years of experience in business management, accounting, or related fields
• Bachelor’s degree in accounting or another related field (Master’s or CPA strongly preferred)
• Strong written and oral communication skills
• Proven track record of success in related field/role
• Excellent analytical, problem solving, and strategic thinking skills
• Ability to successfully interact with a variety of people
• Ability to use discretion as it relates to confidential company and client information
• Willingness to adjust to changing needs
• Must be able to thrive in a fast-paced environment
• Must be able to read, analyze and reconcile financial reports
• Proficient in Microsoft Office, specifically Excel and Word
• Effective time management and decision-making skills
• Business management experience (preferred)
This role has the potential to grow into a CFO role eventually for the right person and skills.