VP Finance/Financial Partner/CFO

Company Description

About Veolia North America

A subsidiary of Veolia Group, Veolia North America (VNA) offers a full spectrum of water, waste and energy management services, including water and wastewater treatment, commercial and hazardous waste collection and disposal, energy consulting and resource recovery. VNA helps commercial, industrial, healthcare, higher education and municipality customers throughout North America. Headquartered in Boston, Mass., Veolia North America has approximately 10,000 employees working at more than 350 locations across the continent. Please visit our website www.veolianorthamerica.com.

Job Description

Pay Rate: $185,000 to $210,000, Per Year.

BENEFITS

Veolia's comprehensive benefits package includes paid time off policies, as well as health, dental and vision insurance. In addition, employees are also entitled to participate in an employer sponsored 401(k) plan, to save for retirement.  Pay and benefits for employees represented by a union are outlined in their collective bargaining agreement. 

Position Purpose: 

The position will bridge finance and operations within the region, and work to improve commercial terms of the business, support growth through new business, renewals, and account management, enforce reporting accuracy to ensure reliable financial statements, communicate financial results and issues, ensure adequate risk mitigation, ensure sound investments, improve communication and financial understanding across the region and work in compliance with the Code of Ethics and other Veolia policies.

Primary Duties/Responsibilities:

The position will report to the CFO of Municipal Water Contract Operations. Strong relationship building within Operations from the Project Managers to the President and with Corporate departments such as Accounting, Legal, Human Resources, Health & Safety, Business Development and technical groups is a must.

Ensure the reliability of financial information and results

• Manage and oversee regional Accounting/finance team to review and analyze financial reports and results.
• Monthly review and analysis of financial reports.
  • Review month end accounting results and issues with Finance Manager, or equivalent.
  • Review month end reports and analyze for variances.
  • Seek explanations for significant variances.
  • In concert with Accounting/finance, prepare bridge analysis for P&L and cash flow (actual versus budget, forecast and prior year)

Monthly Dashboard Report

• Review dashboard for the region (prepared by regional team).
  • Summary results, significant variance explanations and outlook.
• Prepare and provide high level comments for Corporate level review, as needed.
• Participate/lead monthly business reviews with Municipal Water CEO and CFO.
• Provide other comments and reviews of the regional dashboards as needed by regional team (e.g. account management values, renewals)

Audit Support

• Support Accounting/finance with audit requests during end of year audit reviews for VE audit.
• Support Accounting/finance with multiple audit requests for standalone VWNA audit
  • Impairment and troubled project analyses.
  • A/R support and explanations.
  • Accrued liability support and explanations.
  • Support internal audit requests and visits.

Protect the stockholders’ interest

• Protect company assets.
  • Review and facilitate investments (CARs).
    • Complete discounted cash flow modeling.
    • Work with originator to ensure CAR is properly prepared and has necessary back up and assist with justification write-up.
    • Control spending versus budget and forecast.
    • Follow-up and measure success post implementation.
• Oversee and enforce financial related internal controls at regional level.
  • Understand and enforce company’s Sarbanes-Oxley (SOX) policies.
  • Review and approve changes to Delegation of Authorities when outside “standardized” levels.
  • Review and approve customer invoices, credit memos, and check requests when appropriate based upon specific knowledge of subject matter.
  • Perform numerous other approval and reviews as needed.
• Initiate fraud investigation and report to HR, Legal and CFO.
  • Participate in fraud investigation, as needed and directed

Perform Onerous and Troubled Project analysis and provide support

• Perform periodic review of project portfolio to identify projects requiring asset impairment, future loss provisions and/or represent significant issues or risk.
• Work with project(s) and management to develop long-term projections along with mitigation strategies and process improvement plans.
• Perform impairment analyses as needed, at least semi-annually, and present to senior management.
• Support and participate in client negotiations and dispute resolution, as needed.

Assist/lead the forecasting and budgeting processes within the region. At a minimum, the preparation of an annual Budget (Jul-Oct), Forecast 1 (Mar-Apr), Forecast 2 (Jul-Sep), Long Range Plan (Apr-May)

• Manage Process and Prepare Submittals.
  • Work with Vice President’s, Accounting/finance and/or Project Managers to roll-up project level revenue and margin.
  • Budget process will require a more detailed review of templates and assumptions.
  • Accounting will provide P&L roll-up and summary variance comparisons for analysis
  • Seek project level capital/investment needs and incorporate into projections.
  • Focus on detailed balance sheet and cash projections.
  • If needed, create off-line tools for tracking and comparison.
  • Review with management and revise as necessary.
• Prepare presentations and support material.
• Provide periodic high level updates as requested.

Provide financial support to the development of Account Management and New Business growth and the renewal of contracts

• Review RFP and procurement documents, if they exist.
• Review Cost Model with pricing team (including medical rates, surety and insurance requirements and costs, capital requirements, etc.).
• Complete economic evaluation of project (DCF) for the full term.
  • Establishing final price, margins, etc.
  • Seek suitable terms (e.g. appropriate escalators, bonds).
• Write financial section of WIN memos and participate in risk review process.
• Participate in the proposal process, as needed (edit sections, price forms, etc).
• Continue engagement through contract to ensure we execute what we intended and seek improved terms.
• Monitor performance once executed.
• Perform commission calculations.
• Participate in Business Plan reviews seeking issues and opportunities.

Seek improved communication of financial performance and financial understanding

• Participate in the development and delivery of regional and Corporate level training.
  • Improve PMs and VPs understanding of project financial management.
  • Seek to improve PMs forecasting capability.
  • Improve PMs and VPs understanding of working capital (AP and AR), accrual process and monthly close.

Cash Management (AR)

• Discuss and review over 60 days past due AR with VP’s and PM’s.
• Perform risk analysis and provide recommendation of bad debt provisions.
• Assist with collection strategies, payment terms and when needed, meet with client(s) and assess ability t pay and work out payment expectations.
• Request updated Client Credit Rating report, as needed.

Other duties:

• Participate in the review and bonus calculations for the annual incentive campaign. Participate in project level reviews and assessment.
• Provide values of property, business interruption, etc., to Risk Management and update as needed.
• Perform other duties as assigned/assumed.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Performs skills requiring motor coordination with finger dexterity daily.
• Extensive travel required.

Qualifications

Education/Experience/Background:

• Bachelor's degree in Accounting, Finance or related field or equivalent experience; MB a plus.
• 10 years progressive experience in a variety of finance functions and/or business management, as well as managing a team. Operations experience is a plus.
• Must be familiar with GAAP. IFRS knowledge a plus.

Knowledge/Skills/Abilities:

• Strong interpersonal skills, ability to communicate and manage well at all levels of the company.
• Ability to manage many complex projects simultaneously and contribute productively in a team environment.
• A high level of analytical ability is required.
• High level of integrity and dependability with a strong sense of urgency.
• Strong problem solving and creative skills and the ability to exercise sound judgment and make decisions based on accurate and timely analyses.
• Strong interpersonal skills, ability to communicate and manage well at all levels of the company.
• Ability to manage many complex projects simultaneously and contribute productively in a team environment.
• A high level of analytical ability is required.
• High level of integrity and dependability with a strong sense of urgency.
• Strong problem solving and creative skills and the ability to exercise sound judgment and
• make decisions based on accurate and timely analyses.
• Ability to read and understand contracts and terms.
• Proficient in Microsoft Excel, Word and PowerPoint, as well as the Google suite of products.
• Proficiency in SAP a plus.

Additional Information

We are an Equal Opportunity Employer! All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Disclaimer: The salary, other compensation, and benefits information is accurate as of the date of this posting. The Company reserves the right to modify this information at any time, subject to applicable law.