Position Overview:
Blue Rock Search is partnering with a growing Franchisor that is a leader in their industry to identify their next Chief Financial Officer. The CFO will lead and manage all aspects of the company's financial operations, including financial reporting, budgeting, cash flow management, and franchisee accounting systems. This role involves preparing and presenting financial reports to stakeholders, overseeing compliance with financial policies, managing relationships with banks and third- party lenders, and ensuring the effective administration of the company's ESOP and insurance programs.
Responsibilities:
- Oversee Financial Reporting & Team Management: Lead the Company's accounting and financial reporting functions, ensuring accurate, timely processing and reporting of financial information. Guide the financial operations team in effectively performing accounting, control, audit, and administrative duties.
- Prepare and Present Board of Directors and Management Team Financial Information Reporting Packages: Prepare weekly, monthly, quarterly and annual financial reporting packages including financial statements, financial conditions, projections, key performance indicators, and analysis and Present periodically to various stakeholders.
- Oversee Franchisee Accounting Systems & Services: Manage the accounting systems and services provided to franchisees, ensuring timely delivery and adequate quality control oversight. Identify opportunities for system enhancements to improve processes and information reporting.
- Oversee Management of Cash Flow: Monitor and manage the Company's cash flow projections to meet working capital needs efficiently and cost-effectively.
- Monitor Franchisee Financial Process and Compliance: Regularly assess the financial processes and ensure their compliance with franchise operating policies.
- Develop & Achieve Financial Goals: Lead the development, projection, monitoring, and achievement of strategic and financial goals.
- Direct Budgeting & Forecasting Process: Oversee the process and preparation of accurate Annual Budget and Quarterly forecasts, project budgets, and departmental budgets.
- Support Information Systems: Assist in addressing and managing information system issues impacting Finance and Accounting.
- Provide Financial Consultation: Support other functional areas with financial analysis and provide senior-level consultation as needed.
- Manage and cultivate the Company’s banking relationships.
- Manage and cultivate third party lending/funding relationships and programs to assist franchises with funding working capital, construction and land acquisition needs.
- Administer the Company’s mezzanine lending program with Franchises. Manage all aspects of the program including the underwriting, approval and documentation processes.
- Ensure Compliance & Audit Oversight: Ensure all operational and financial reports are submitted accurately and on time, in alignment with the Company’s financial policies and procedures and in accordance with GAAP. Lead the preparation and execution of external audits, maintaining compliance with all regulatory and financial reporting requirements.
- Manage ESOP Program: Oversee the administration and valuation of the Company’s Employee Stock Ownership Plan (ESOP), ensuring compliance with regulatory requirements and alignment with corporate financial goals.
- Corporate Tax Preparation: Work with outside tax firm to direct and manage all aspects of corporate tax preparation, ensuring timely filing, compliance with tax regulations, and effective tax planning strategies to optimize the Company’s tax position.
- Insurance Program Management: Oversee the renewal and management of all corporate insurance policies, including property/general liability, cyber, and builders risk insurance, ensuring adequate coverage and cost-effectiveness.
Qualifications:
- Proven track record of developing and implementing financial strategies that drive business growth and profitability.
- Strong knowledge of GAAP, financial reporting, and regulatory requirements.
- Excellent analytical, strategic thinking, and problem-solving skills.
- Exceptional leadership and interpersonal skills, with the ability to communicate complex financial concepts to non-financial stakeholders.
- High level of integrity, professionalism, and commitment to the company’s values and mission.
Education and Experience:
- Bachelor’s degree in Finance, Accounting, or related field
- MBA or CPA preferred.
- Minimum of 10 years of progressive financial leadership experience, with at least 5 years in a VP or similar executive role.
- Experience in the construction, real estate, or homebuilding industry, with a strong understanding of franchisor business models a plus.
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