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Director Of Finance And Accounting

Company: Preston Hunter
Location: Hartford
Posted on: February 23, 2021

Job Description:

****REPOSTING****?Director of Finance and Accounting**APPLICANTS-COMPANY SIZE $10M-$50MPosition Description: COMPANY manufactures and distributes hand tools for the cable TV, telecom, fiber optic, and electrical transmission/distribution markets.--Headquartered in Cromwell, CT, COMPANY has a sales office and light assembly operations in Belmont, NH and Kingswinford, UK.--The Ripley brands, known worldwide as Cablematic, Miller, ODM, and Utility Tool, are considered leaders in their respective end-markets.--COMPANY has experienced rapid growth due to product innovation.--The company has been active in M&A and plans to continue growth via acquisition.COMPANY is currently owned by an investor group led by PE FIRM, a lower middle market private equity firm based in Cleveland, OH.--PE FIRM invested in COMPANY in 2014 and since that time has made significant investment in the people, processes and facilities at Ripley.--In Q3 2019, the Company hired a growth-oriented CEO who is in process of deploying a strategic plan aimed at delivering sustained robust top line growth. The Director of Finance and Accounting will be a strong business partner to the CEO and is responsible for management of the finance, accounting and human resources functions.--The Director of Finance and Accounting will report to and work closely with the CEO.--S/he must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace.Specific responsibilities include:Finance* Administer the Company's debt facilities, including understanding repayment requirements, covenant compliance and borrowing capacity* Manage financing strategies and activities, as well as banking relationships* Continuance and improvement of cash flow planning tools to ensure availability of funds as needed* Work closely with Ripley management to create real time financial reports needed to improve productivity* Manage the capital equipment procurement process and work with operations to assess payback* Continue to maintain and enhance the company's cost accounting systems.--In particular, maintaining cost center-based standards that are in line with current manufacturing operations.* Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization's operations and business plans* Understand funding rules and tax implications on foreign transactions, including a working understanding of transfer pricingFinancial Forecasting and Budgeting* Coordinate the development and monitoring of the annual budgeting process* Develop financial business plans and forecasts, including providing functional leaders with the relevant tools/analyses to support their assumptions* Remain up to date with audit best practices and state and federal laws* Participate in corporate strategy as a member of the senior management team* Challenge underlying business assumptions based on underlying dataAccounting and tax* Produce accurate, GAAP compliant financial statements on a monthly basis and communicate financial results to investors and banks as required by the Company's credit agreements* Responsible for Monthly Business Review package and delivery to the Board and ownership* Identify ways to improve working capital management including improvement of (i) collection practices, (ii) inventory management and (iii) payables management.--Implement performance metrics to drive accountability to this goal* Provide timely monthly, quarterly and annual reporting as is required by a private equity owner.* Oversee the Ripley finance and accounting departments, both domestically and in the UK, including hiring key personnel to ensure the department is appropriately staffed* Maintain/ implement internal controls around the cash management and financial reporting functions, as well as month-end account reconciliations including intercompany accounts* Coordinate and manage the year-end audit process* Ensure timely filing of various state, local and federal tax returns, including investor K-1 filingsAdministrative* Responsible for developing and training the finance and accounting staff [3 employees] to meet the requirements of a growing company.--Including ensuring all staff members have adequate systems and technical knowledge to perform their job effectively.* Responsible for oversight of the HR function [1 employee] including employee policies, performance appraisal processes, and other HR matters* Responsible for risk management including insurance coverage and policies* Ensure legal and regulatory compliance* Manage the day to day administration of the 401k, business insurance and health care plans* Participation in quarterly board meetings and assistance in their preparation* Involvement in M&A due diligence and financial planning as well as post acquisition integration planningQualificationsThe Director of Finance and Accounting will be a seasoned and mature leader with experience in a manufacturing environment, at least 12-15 years of broad finance experience, ideally beginning in audit, followed by experience gathering and evaluating financial information and making actionable recommendations to senior leadership.--S/he will ideally have experience managing finance (accounting, budgeting, control, and reporting) for a multi division middle market company with multiple debt and equity sources. S/he will have experience creating and driving the analytic framework for planning and managing growth in a dynamic business environment.The Director of Finance and Accounting will have the following experience and attributes:* Comfortable in a highly professional team environment with constant focus on executing an ambitious and adaptive strategy* A minimum of a BS; a CPA and/or MBA would be a plus* At least 5 years experience as Controller or equivalent, preferably in an organization with a budget of at least $15 million* Experience in a senior financial-management role, partnering with executive staff, resulting in the development and implementation of creative financial management strategies* Proficient in the use of ERP systems* Strong cost accounting skills* Significant experience in or knowledge of GAAP accounting, compliance, and reporting.* Experience working with information technology staff to manage finance and accounting software packages* Experience in consolidating various legal entities, both domestic and foreign* Excellent written and oral communication skills* Demonstrated leadership ability, team management, and interpersonal skills* Excellent analytical and abstract reasoning skills, plus excellent organization skills* M&A experience is a plusSalary and bonus commensurate with experience; potential to earn equity incentives

Keywords: Preston Hunter, Hartford , Director Of Finance And Accounting, Accounting, Auditing , Hartford, Connecticut

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