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Senior Director, Finance & Accounting Operations
Reston, VASenior Director, Finance & Accounting Operations
$200,000 - $225,000 + 20% Target Bonus
Our $350m privately held, global client is searching for a strong finance and accounting operational leader to support CFO with cash flow, FP&A along with helping run ongoing accounting operations. He/she should be comfortable with all aspect of the role and will offer (ideally) a combo and comfort level with operational accounting and FP&A/cash flow/modeling. Reporting to the CFO, this individual will work out of the Northern VA HQ (Reston/Herndon) twice per week. Working with a global team of 30-40 colleagues, he/she will also perform “ad-hoc” finance tasks as needed, with direction from Financial Operations Team. With a strategic mindset, he/she will define and lead upgrading of systems and tools for these teams, seeking operational efficiency and compliance with firm-wide policies.
Role Description
Cash Flow Management:
$200,000 - $225,000 + 20% Target Bonus
Our $350m privately held, global client is searching for a strong finance and accounting operational leader to support CFO with cash flow, FP&A along with helping run ongoing accounting operations. He/she should be comfortable with all aspect of the role and will offer (ideally) a combo and comfort level with operational accounting and FP&A/cash flow/modeling. Reporting to the CFO, this individual will work out of the Northern VA HQ (Reston/Herndon) twice per week. Working with a global team of 30-40 colleagues, he/she will also perform “ad-hoc” finance tasks as needed, with direction from Financial Operations Team. With a strategic mindset, he/she will define and lead upgrading of systems and tools for these teams, seeking operational efficiency and compliance with firm-wide policies.
Role Description
Cash Flow Management:
- Will be expected to monitor and track short-term cash flow on weekly and manage monthly liquidity
- Should be able to manage and perform a robust 12-month rolling cash forecasting process
- Perform “ad-hoc” modeling projects
- Will develop and implement effective collection strategies to minimize outstanding balances
- Consistently monitor accounts receivable aging and take necessary actions to improve cash flow
- Routinely collaborate with sales and customer service teams to address client inquiries
- Resolve disputes and negotiate payment terms
- Build internal billing process team; manage the billing process, ensuring accurate/timely customer invoicing
- Oversee the creation and distribution of invoices, credit memos and statements
- Supervise the processing of vendor invoices, purchase orders, and expense reports.
- Verify accuracy, proper coding, and adherence to company policies
- Implement efficient payment processes, including check runs, ACH transfers, and wire payments
- Ensure timely and accurate payroll processing
- Enforce all payroll policies and processes, approving exceptions as appropriate
- Maintain tight audit and reconciliations of all payroll runs AR/AP Reporting:
- Prepare reports on accounts receivable and accounts payable status, including aging reports and collection metrics
- Analyze trends and identify areas for improvement
- Be instrumental with process optimization; streamline AR, AP, Payroll processes, enhance automation, and reduce manual efforts
- Ensure compliance with accounting standards and internal controls
- Establish and enforce internal controls to prevent fraud or errors
- Ensure compliance with tax regulations and company policies
- Will help manage three direct managers – AR/Collections/Billing, A/P and Payroll - and subsequent teams
- Empower, coach and develop team to seek continuous improvement
- BS/BA in Accounting or Finance (CPA is preferred)
- Ten (10) or more years of finance and accounting experience
- Cash flow & FP&A experience required
- General Ledger/Monthly Close/Financial Statement experience required
- AR & AP Management required
- Payroll Management required
- Strong analytical skills and attention to detail
- SAP/Oracle are preferred but not required