Financial Controller

2 months ago


Orlando, United States LMK Recruiting Full time
Job DescriptionJob DescriptionFinancial Controller

A leading commercial kitchen service business in the USA specializing in providing
sustainable solutions for commercial kitchens. We operate through a strong franchise network
and have recently introduced two new product lines that are poised to drive significant growth.
We have a plan and strategy in place to expand our annual revenue from $100 million to $500
million and are seeking a highly experienced Financial Controller to join our team.

Position Overview:
As a Financial Controller you will play a pivotal role in managing and
overseeing the financial health of the organization. The ideal candidate will be a seasoned
accounting professional with a strong background in financial management, reporting, and
analysis. This position reports directly to the CEO and involves collaboration with various
departments, domestic and international to ensure accurate financial reporting and compliance
with regulatory standards.

Key Responsibilities:

Financial Reporting:
• Prepare and analyze monthly, quarterly, and annual financial statements.
• Ensure compliance with accounting standards and regulatory requirements.
• Provide insightful variance analysis and communicate financial results to management.

Budgeting and Forecasting:
• Collaborate with department heads to develop and monitor annual budgets.
• Lead the forecasting process to provide accurate and timely financial projections.
• Identify areas for cost optimization and revenue enhancement.

Manage Month End Duties:
• Reconcile all balance sheet accounts to ensure accuracy and completeness.
• Record necessary accruals or deferrals to align financial statements with economic
reality. Adjust entries for items such as prepaid expenses, accruals for incurred but not
yet billed expenses, and deferred revenue.
• Compute / update depreciation schedules for fixed assets.
• Generate and review multibook financial statements (US GAAP/ IFRS), including the
income statement, balance sheet, and cash flow statement.
• Analyze variances and trends to identify any issues or areas for improvement.
• Create management reports that provide insights into key financial metrics and
performance indicators.
• Summarize financial information for executive leadership.
• Ensure completeness and accuracy in recording all financial activities.
• Ensure compliance with accounting principles and regulatory requirements.
• Communicate financial results to relevant stakeholders, such as management and
department heads.
• Address inquiries and provide necessary explanations for financial performance.

Audit Preparation:
• Prepare supporting schedules and documentation for external audits.
• Facilitate a smooth audit process by ensuring all necessary information is readily
available.

Internal Controls:
• Maintain internal controls to safeguard company assets.
• Implement improvements to enhance the efficiency and effectiveness of financial
processes.

Cash Management:
• Monitor cash flow and liquidity, making recommendations for optimizing cash resources.

Tax Compliance:
• Coordinate with external tax advisors to ensure timely and accurate filing of tax returns.
• Ensure that Federal Corporate tax returns along with all state corporate taxes returns
and sales tax returns are filed and completed.

Team Leadership:
• Supervise and mentor finance and accounting staff (currently a staff of 3 US accountants
and 2 outsourced overseas resources), fostering a positive and high-performance
culture.
• Provide training and professional development opportunities to team members.
• Work with Franchisees to resolve any disputes.

Qualifications:
• Bachelor's degree in Finance, Accounting, or a related field; CPA or CMA designation
preferred.
• Proven experience as a Financial Controller or similar role.
• Strong knowledge of accounting principles, financial regulations, and reporting.
• Exceptional analytical and problem-solving skills.
• Excellent communication and interpersonal abilities.
• Proficient in financial software and Microsoft Excel.
• NetSuite experience a plus.
• Understanding of ASC 606 / IFRS 15 is a plus as is audit exposure.

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