VP of Finance

Job Overview:

MGR Accounting Recruiters is seeking a VP of Finance for a client outside of Minneapolis, MN. The VP of Finance will lead the company’s financial strategy, reporting, and operations. This senior leadership role is responsible for overseeing financial planning, budgeting, compliance, and performance analysis, ensuring that the organization meets its financial goals. The VP of Finance will manage all aspects of accounting, from financial reporting and general ledger management to payroll and tax compliance, while driving the company’s overall financial health and long-term growth.

Financial Reporting & Presentations:

• Lead the generation and review of comprehensive financial statements, including balance sheets, income statements, and cash flow reports, for the executive team and banking partners.
• Cultivate and manage relationships with financial stakeholders, providing accurate and timely financial data as needed.
• Ensure financial reporting is compliant with accounting standards, regulatory requirements, and internal policies.
• Develop and deliver financial presentations that highlight key performance indicators (KPIs) and the overall financial health of the company.
• Oversee the preparation and evaluation of expense reports and ensure the accuracy and timeliness of payroll processing.

General Ledger Management:

• Supervise the maintenance, accuracy, and timeliness of the general ledger.
• Ensure that all financial transactions are recorded appropriately and in a timely manner.
• Oversee the month-end and year-end closing processes, including the management of accruals, prepayments, and depreciation schedules.

Accounts Payable/Receivable:

• Direct the accounts payable and accounts receivable functions, ensuring the timely execution of payments and collections.
• Reconcile accounts and resolve discrepancies to maintain the integrity of financial data.
• Process accounts payable invoices, verify coding and approvals, and ensure vendors are paid on time in alignment with cash flow strategies.
• Handle accounts receivable tasks, including invoicing, collections, and payment applications.

Budgeting and Forecasting:

• Lead the annual budgeting process, including preparation, review, and execution, while providing analysis of historical data and identifying financial trends.
• Perform ongoing forecasting to support strategic planning and inform decision-making.
• Monitor the company’s financial performance against budgeted goals and provide variance analysis to senior leadership.

Financial Analysis & Support:

• Conduct financial analysis to support the company’s performance and growth initiatives.
• Provide ad-hoc financial reporting and analysis to assist with strategic decision-making.
• Evaluate business performance, focusing on cost management, profitability analysis, and efficiency improvements.
• Collaborate with other departments to provide financial insights and assist with cross-functional projects

Special Projects:

• Lead and participate in special projects as assigned, collaborating with internal teams to ensure successful execution and outcomes.
• Drive financial initiatives that support the company’s long-term growth strategy.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• 7+ years of experience in financial leadership roles, including financial reporting, budgeting, and tax compliance.
• In-depth knowledge of accounting principles, GAAP, and financial regulations.
• Proven experience in financial analysis, strategic planning, and forecasting.
• Expertise in managing payroll, accounts payable/receivable, and general ledger functions.
• Strong leadership and communication skills, with the ability to influence cross-functional teams.