Fractional Controller

CAAS Lead For Fractional Controller Advisory Engagements

Serve as the primary CAAS Lead for the assigned Client's Fractional Controller advisory engagements. Coordinate with the Client's Leadership and Accounting personnel, other Byrne Zizzi Team Members, and third parties, such as financial advisors, attorneys, etc. Communicate proactively with both the Client and CAAS Team Members regarding deadlines, issues, and deliverables.

Financial Accounting and Reporting

For Clients with an in-house Accounting Department, oversee the Client's accounting operations, including the General Ledger, accounts receivable / payable, and payroll. The degree of oversight is dependent on the level of experience, knowledge, and capabilities of the Client's accounting personnel. If Byrne Zizzi provides General Ledger accounting services for a Client managed by a Fractional Controller, then provide oversight of the Client's internal accounting-related processes. Review the Client's Monthly or Quarterly General Ledger and supporting documentation for accuracy and completeness. Prepare or review the Client's Monthly or Quarterly Management Reporting Package, which includes the following : Financial Statements Financial Analytics (e.g., Trends, Key Performance Indicators, Benchmarks) Strategic insights and recommendations to support business decisions Written narratives supporting the financial information Conduct regular meetings with the Client to discuss the Management Reporting Package.

Historical Cash Flow Analyses

Prepare and analyze historical cash flow trends. Identify the key drivers behind significant positive and negative trends.

Internal Controls

Assess and strengthen existing financial and accounting internal controls. Assist the Client in designing, implementing, and maintaining new internal accounting controls where none exist.

Budgeting / Forecasting and Cash Flow Management

Support the development and monitoring of company-wide and departmental, as applicable, budgets and forecasts. Prepare or assist in preparing budget versus actual variance analyses and provide insightful explanations for variances. These analyses should include "financial statement budget / actual comparisons" and may include "non-financial statement comparisons", such as KPIs, benchmarks, etc., that have a meaningful impact on assessing the Client's financial performance. Collaborate with the Client's Leadership in developing financial models to support strategic initiatives and long-term planning. Assist the Client's Leadership with cash flow management, including cash flow forecasting, and developing and implementing strategies for improving cash flow.

Mentoring, Training, and Support

Provide mentoring, training, and support to the Client's Accounting Staff, where applicable. Mentor Byrne Zizzi Team Members and out-sourced accounting personnel that are supporting a client managed by a Fractional Controller.

Required Skills and Abilities

Proficient in preparing financial statements on a GAAP basis or in accordance with a special purpose framework, knowledgeable in GAAP and financial reporting standards. Skilled in analyzing financial statements and other financial and relevant non-financial data, identifying trends, and providing strategic insights. Experience in managing accounting processes, including general ledger, accounts receivable / payable, and payroll processes. Strong ability to communicate financial information and concepts clearly and effectively to clients and team members. Technically proficient in working with QuickBooks accounting software and possesses the ability to quickly adapt to using other types of accounting software. Capable of documenting and improving accounting processes. Effective at mentoring the firm's and the Client's accounting staff. High level of accuracy in reviewing financial documents and preparing reports. Excellent interpersonal and communication skills and capable of easily adapting to Client personnel having diverse experience and knowledge levels.

Required Education and Experience

Bachelor's degree in accounting or finance. 3-5 years of relevant experience (e.g., financial accounting and reporting, financial analyst, auditor, controller or assistant controller in industry). Practical experience under a licensed CPA's guidance or a mentor having equivalent experience.

Preferred Education and Experience

Master's degree in accounting or finance Certified Public Accountant (CPA) License