VP of Finance & Accounting

Summary of Roles & Objectives

Senior executive responsible for managing a company's financial operations, including financial planning, reporting, and risk management, with the overarching objective of ensuring the company's financial health and stability. This role has the ability to promote to CFO.

Summary of a VP of Finance & Accounting's Role :

Financial Leadership :

The VP of Finance & Accounting is the top financial leader, overseeing all aspects of a company's finances.

Strategic Planning :

They play a crucial role in developing and implementing financial strategies that align with the company's overall goals.

Financial Management :

They manage financial operations, including budgeting, cash flow, and financial reporting.

Risk Management :

They identify and mitigate financial risks to protect the company's assets and financial stability.

Compliance :

They ensure the company complies with all relevant financial regulations and reporting requirements.

Reporting :

They prepare and present financial reports to stakeholders, including investors and the board of directors.

Decision-Making :

They provide financial expertise and insights to support strategic decision-making by the CEO and other executives.

Objectives of a VP of Finance & Accounting :

Financial Stability :

To ensure the company's financial stability and ability to meet its obligations.

Profitability :

To maximize profitability and shareholder value.

Growth :

To support the company's growth through sound financial management and strategic investments.

Compliance :

To ensure compliance with all relevant financial regulations and reporting requirements.

Stakeholder Communication :

To effectively communicate the company's financial performance and strategy to stakeholders.

Resource Allocation :

To ensure that the company's resources are allocated efficiently and effectively.

Risk Management :

To identify and mitigate financial risks that could impact the company's performance.

Location

This position is based out of St. Paul Minneapolis.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Accounting, General Ledger, Administration and Operations

• Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
• Review and ensure application of appropriate internal controls, JSOX compliance and financial procedures.
• Ensure timeliness and accuracy of financial and management reporting data for federal funders, foundations, investors and company’s board of directors.
• Oversee the preparation and communication of weekly, monthly and annual financial statements.
• Oversee the preparation and timely filing of all local, state and federal tax returns.
• Ensure JSOX compliance regarding all financial functions.
• Work with Human Resources to ensure appropriate legal compliance.
• Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
• Oversee preparation of monthly, quarterly and annual financial statements.
• Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
• Enhance and implement financial and accounting systems, processes, tools and control systems
• Hire, develop and manage accounting directors, managers and staff
• Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
• Coordinate and strategize methods used to attain team goals with Corporate and Regional Controllers.

Financial Analysis, Budgeting and Forecasting

Strategy, Planning and Management

Financial Management

Financial Relations and Policies

Finance and Accounting Team Management

Cash Management

Competencies / Success Factors

Supervisory Responsibility

This position has supervisory roles of the entire Finance and Accounting organization.

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and facsimile machines.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

Travel

10%

Required Education and Experience

Preferred Education and Experience

Additional Eligibility Qualifications

None required for this position.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

MGC is committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, age, disability, veteran status, or membership in any other class protected by federal, state, or local law.