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Vice President of Finance
3 months ago
Riggs Distributing, Inc. is a luxury appliance distributor based in Burlingame, California. We distribute Sub-Zero, Wolf, Cove, and Best Hoods appliances throughout Northern California, Western Nevada, and Hawaii. Associates at Riggs Distributing must contribute towards our company values of Be Bold. Be Open. Be Gracious. Be ALL IN. Our core focus is to deliver exceptional support through quality interactions and amazing experiences.
As a key member of the Executive Leadership Team, the Vice President of Finance (VPF) collaborates effectively with colleagues across Riggs Distributing, Inc., to oversee and guide the financial operations of the company. The VPF ensures strategic management of all financial and accounting activities, adhering strictly to GAAP, along with other regulatory frameworks and the company’s financial principles and ethical standards. This role is crucial in upholding organizational integrity through detailed financial planning, budget development, performance evaluation, and the upkeep of robust internal controls. Reporting directly to the President & CEO, the VPF is instrumental in defining measurable metrics that assess financial performance and identify opportunities for business enhancement. This individual will deliver analyses, projections, and reports that enhance operational efficiency and optimize processes across the organization.
The primary focus of the VPF is to drive results that align with the broader objectives and strategic goals of the organization. This role demands initiative, a competitive spirit, and a focus on sustained results amidst fluctuating conditions. The VPF is expected to be innovative and creative, rapidly generating solutions in response to changing organizational needs. Decision-making will be centered on implementing practical and timely responses to emerging challenges.
An exemplary Vice President of Finance is characterized by humility, kindness, and a commitment to supporting the professional growth of others. As a leader within Riggs, the VPF exemplifies the core values of the company by engaging authentically and dedicating themselves to the success of both the business and its employees. By cultivating productive relationships and establishing clear organizational objectives, the VPF is vital in promoting the mission, vision, and values of Riggs Distributing, Inc.
This is a full-time (40 hour/week) exempt position and has direct reports. This position reports to the President and CEO.
Responsibilities, Expectations, and Key Processes include but are not limited to:
Leads, Manages & Supports
- Empowers others & makes each team member feel that their work is important.
- Invites input from each team member and shares ownership and visibility.
- Is someone people like working for and with.
- Provides coaching and mentorship to team members.
- Plans and holds consistent operational & development meetings.
- Creates a work environment where people want to do their best.
- Facilitates professional development, training, and certification activities for team members.
- Partners with Senior Leaders, Managers and CEO to develop and implement a departmental budget.
- Authoritative leadership based on generalist expertise, knowledge of systems.
- Directive leadership to assure business results are achieved.
- Delegation of details as necessary, with follow up on timeliness and quality.
- Accountability for results.
Finance & Accounting
- Manage the Finance Department, including accounting, financial reporting, budgeting and forecasting.
- Provide strategic guidance around capital financing options to support company growth needs. Develop and coordinate all relationships with lending/financial institutions. Manage and maintain credit lines and compliance with loan covenants.
- Manage and lead crucial system wide changes/upgrades (e.g., ERP) to support a scalable system and improve organizational efficiencies.
- Review monthly, quarterly, and annual reports submitted by the Controller.
- Manage company insurances.
- Manage all tax planning and compliance with all required federal, state, local, payroll, property, and other applicable taxes.
- Financial projections, cash flow management and forecasting.
- Assist in establishing short- and long-range departmental goals, objectives, policies, and operating procedures.
- Serve on planning and policymaking committees.
- Budget and manage owner distributions and related tax matters.
- Establish and develop relationships with senior management and external partners and stakeholders.
Analytics
Develop and implement databases, data collection systems, data analytics, and other strategies that optimize statistical efficiency and quality for all aspects of the business.
Family Business Office (FBO)
- Ensure compliance with statutory law and financial regulations, maintaining integrity in all financial reporting.
- Manage relationships with external partners such as banks, relators, auditors, and financial consultants.
- Analyze financial data and market trends to identify opportunities for cost reduction and efficiency improvements.
- Serve as a key financial advisor to the CEO and Owner, providing insights and recommendations on financial planning and risk management.
- Oversee financial operations for real estate assets.
- Analyze and evaluate financial performance of real estate portfolios.
- Ensure compliance with real estate financial regulations, tax laws, and property-specific legal requirements.
- Provide strategic financial insights and recommendations to CEO and Owner to aid in long-term planning and risk management.
Guidelines for Success:
Demonstrates Grit: Team member demonstrates ability to persevere when things get hard and/or situation is ambiguous; will make tough decisions, act on them and be consistent; willing to deal with consequences when unsuccessful and move forward undeterred.
Is Curious: Team member exhibits and embraces curiosity; seeks to understand; demonstrates creativity, thinks beyond the first possible solution; recognizes there might be more to discover.
Listens & Influences: Team member asks valuable questions and listens for concerns, unspoken questions and underlying or root issues. Builds productive, honest relationships with customers and other team members, exercising influence and persuasion with integrity.
Interacts with Polish: Team member is an effective communicator, from emails to presentations to thoughtful questions; able to articulate their point of view and demonstrate confidence in their ability to make a positive impact; creates valuable experiences for those with whom they interact.
Anticipates: Team member sees the possibilities, identifies customer and/or other team member needs and offers solutions before they may even know they exist.
Contributes Valuable Ideas: Team member is able to "connect the dots" based on a variety of inputs (industry knowledge, trends, data, customer conversation, personal observations, etc.); demonstrates critical thinking and provides helpful solutions.
Impacts the Company & Customers: For both customers and company objectives, team member weighs tasks and contributions against the "big picture" and long-term organizational goals; devotes time and actions to most valuable pursuits; thinks about the company's success instead of just their own.
Acts Like a Business Owner: Team member operates as if Riggs Distributing is their own business; understands company operations and considers self to be invested in the customer as if an owner.
Contributes within a Team: Team member collaborates with others to produce work and drive results, grows others who can advise customers by sharing information and creating valuable experiences, and enables teams to work productively together.
Job Requirements:
- 7+ years’ experience in a Vice President/CFO role.
- Proficient Microsoft Suite/Google Suite.
- Extremely knowledgeable in financial forecasting, accounting principles, and financial data analysis.
- Sense of urgency for goal achievement.
- Quick decision making in response to changing conditions.
- Must be in San Francisco/Peninsula area.
Desirable Qualifications:
- Experience with and understanding of the Entrepreneurial Operation System (EOS)
- Experience in executing 1031 exchanges, ensuring compliance with IRS regulations, and optimizing tax deferral strategies for clients.
- Certified Public Accountant (CPA)
Physical Requirements:
Riggs Distributing, Inc. strives to promote employee health and wellness by paying special attention to the prevention of accidents in the workplace which may result in property damage, injuries, or loss of life. We support team members working safely and ask everyone to report any safety or health concerns that could reasonably be encountered while performing their role at a Riggs-owned location or while working from home.
- Must adhere to ergonomic best practices and maintain awareness of risks of injury and ensure that environments are maximized for comfort and productivity.
- Must be able to perform general functions and responsibilities in an office environment with adequate lighting and ventilation and a normal range of temperature and noise level.
- While performing the functions and duties of this job, employee is regularly required to sit, reach with hands and arms, walk, and talk or hear.
- This job requires some stooping, kneeling, bending, and use repetitive motions.
- Must be able to occasionally lift and/or move up to 25 lbs.
- Moderate dexterity application of basic skills to use calculator, keyboard, phone, and hand/eye coordination.
Riggs Distributing is an equal opportunity employer that celebrates diversity and is committed to creating an inclusive workplace with equal opportunity for all applicants and teammates. Our goal is to recruit the most talented people from a diverse candidate pool regardless of race, color, religion, age, gender, gender identity, sexual orientation, or any other status. If you’re interested in working in a collaborative, exciting working environment – we encourage you to apply
