Pinnacle Search Partners Looking for Senior Director Finance at Lee, MA Full Time

The Senior Director of Finance of this high-growth division is responsible for up-leveling the accounting & finance functions, building out financial analysis, controls, and business reporting processes. This individual will be the finance leader of a high-profile division within a top-tier PE-backed organization and will have exposure to cross-functional leaders, Corporate executives and to the equity sponsor.

Our client’s plan for this Senior Director of Finance is to provide autonomy to build a world-class organization in this newly acquired division before moving to larger roles/divisions under their umbrella. This is a great opportunity to join a growing vertically integrated manufacturer, partner with strong business leaders, and create a foundation for strong career growth under an outstanding CFO mentor!

Key Position Responsibilities

Upgrade Accounting Operations and Internal Controls

• Develop sound accounting and financial reporting procedures and improve internal controls.
• Manage day-to-day accounting processes and achieve a timely period-end closing process.
• Manage Quote-to-Bill business cycle in a project and services environment, ensuring timely invoicing and cash receipt from customers.
• Ownership of General Ledger and timely account analysis and reconciliations, including deferred revenue, customer deposits, fixed assets, appropriate accruals and prepayments, and oversight over banking activities.
• Maintain a strong internal control environment and utilize best practices.
• Ensure compliance with relevant accounting standards, corporate accounting policies, and federal and state laws.

Develop and maintain strong relationships with Sales and Operations

• Act as a key partner to the Divisional General Manager, highlighting opportunities to improve profitability.
• Work with Business Development and Project Management Teams to develop and maintain a robust revenue tracking system that monitors actual and forecasted performance and also supports profitability analysis.
• Develop a commercial and financial case for all Capital Expenditure requests and prepare PowerPoint presentations for significant investments requiring Board Approval.
• Work with the Continuous Improvement team to drive business performance.
• Participate as a key member of the SAP Project Team representing Finance and ensuring system and process designs support accounting and company reporting requirements.

Manage and develop a high performing Finance team

• Mentor a team of 3-5 finance professionals
• Communicate team objectives
• Maintain a strong team environment

Internal reporting

• Responsible for the timely preparation of financial statements and reports, including profit and loss, balance sheet, cash flow statements, and ad hoc reporting.
• Responsible for supplying reports and analysis to functional departments and supporting them in managing/controlling spending and maintaining profitability.
• Monthly reporting of results to Corporate.
• Develop and manage the annual budget and quarterly forecasting process for the Division to support planning and decision-making.
• Responsible for supplying reports and analysis to functional departments and supporting them in managing/controlling spending and maintaining profitability.
• Cash and Working Capital Management.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below represent the knowledge, skill, and/or ability required.

• Bachelor’s Degree (B.S. in Finance or Accounting preferred). Certified Public Accountant (CPA) license and/or MBA desirable.
• 7-10 years of experience in Accounting, Finance-related field, with deep understanding of manufacturing.
• 5-7 years managing accounting and finance functions.
• Excellent oral and written communication is required to communicate with the team, peers, management, and external contacts.
• Excellent technology skills, including proficiency with Excel and a strong working knowledge of SAP (SAP Preferred), database applications and other Microsoft Office Products, such as Word, Project and PowerPoint, ERP systems experience is required.
• Ability to grow into a larger role within the organization.