Vice President Finance Accounting

Vice President Finance Accounting Job Summary The Vice President Finance Accounting will set the direction for the Finance Department and provide the managerial leadership to the Department to ensure that the line management teams of the Companies being served are equipped with the financial planning and analysis tools, data, and support to achieve their Company revenue growth, net profit, and other agreed KPIs. Key Accountability Areas Finance Department Direction Company Context: Understand and accurately convey to the Finance team the Purpose, Core Values, and business strategy of each Company served, as context for the Finance Department's service to these Companies. Company Business Strategy: Participate in developing each Company's 3-year business targets, strategies, and annual operating plan. Finance Department Direction: Within the context of the Companies' business targets and strategies, set 3-year and annual Finance Department targets and plans. Immediate Employees' (IEs) SMART GOALS: Communicate the Companies' and the Finance Department's 3-year and annual targets, strategies, and plans, as context for developing and approving IEs' annual goals. Finance Department Capability Processes: Maintain a rolling 3-year annual functional headcount/recruitment plan (retirements, terminations ,promortions ,etc.) and manpower development/succession plan to ensure that the function has the skilled knowledge and competencies to achieve its goals. Systems and Technology: evaluate, recommend, and, when approved, implement Financial planning and management systems and software to improve data capture and analysis, reporting timeliness and accuracy, automation, process streamlining, and workflow efficiency. Ensure integration between Finance systems and other business tools to maintain data consistency and accuracy. Operating Budget: Develop and get approval for the Department's operating budget in line with its approved business and annual plans. Ethics and Accountability: Define, model, and reinforce a culture of accountability, ethical behavior, and adherence to Finance policies and procedures within the Finance team and throughout the Companies served. Performance Measures: Establish KPIs and systems for monitoring the Department's performance against agreed targets, with links back to the Company's KPIs. Finance Department Team Outputs Financial Planning Business Plans: participate in defining the company's three-year business targets and strategies, and lead in creating the three-year and annual financial targets and operating plan. Budget: lead the preparation of the Annual Budgeting process in support of the annual operating plan. Define the structure and variables to be used in budgeting. Guide and support line management in preparing budgets. Run simulations to test budget proposals. When approved, routinely report on and highlight budget-related issues. Forecasts: prepare and review Monthly and YTD Results with management and utilize forward-looking business intelligence to assess current year outlook. Proactively identify opportunities and risks and drive actions to enable the Companies to meet or exceed their business plans. Financial Analysis and Performance Improvement Month End Business Reviews: analyze and present month-end financial results dashboards and forecast updates for the rest of the year to management, including risks and actionable opportunities for optimizing financial performance. Quarterly Business Reviews: lead Quarterly Business Review Process with a half-day deep-dive assessment of external factors and key Departments' performance to give a holistic assessment of the state of the business, including forward-looking risks and actionable opportunities to optimize business results. Quarterly Board Meeting Reviews: prepare for Quarterly Board Meeting reviews and support Company leadership in presenting, in line with established formats. Financial Closings Monthly and Year-End Closing: Lead in ensuring completion of month-end and year-end closing, verification, and reporting of results to relevant external and internal parties Capital Expenditures Proposals: support preparation of Capital Expenditure proposals and assessment of return on capital invested. Return on Investment: when approved, track and report on the implementation process and return on investment against the plan, as well as risks and opportunities for improvement. Business Partnerships Collaboration with Finance and Accounting Teams: work seamlessly with Head Office and other related in-company Finance and Accounting colleagues to share best practices and provide high-value-added finance and accounting services to line management. Line Management and their Teams; be a trusted advisor and partner to cross-functional colleagues, providing financial insights and coordinating efforts across the company to deliver superior business results. Managerial Leadership Collaborative Teamwork: Establish meeting cadence and other collaborative processes to encourage effective teamwork with IEs and cross-functionally within the companies served. IE Performance Management: Agree on SMART goals with each IE and provide continuous managerial guidance and feedback. Provide support for enhancing performance in the current role, conduct mid-year progress reviews, and determine year-end performance appraisal ratings. IE Development: Assess the strengths and development needs of each IE and coach him/her in developing their Functional Skilled Knowledge (FSKs) and Managerial Leadership Competencies (MLCs) in line with the Role Profile of his/her current job. Recognition and Reward: Provide differential recognition and recommendations for reward incentives for IEs (pay, promotion, development opportunities). De-selection: Recommend re-assignment or termination of IEs where appropriate, supported by a fair 'due process' and structured performance improvement program. Required Experience and Education Bachelor's or higher degree in Finance, Business Management, or related field. 10 years in areas of increasing responsibility in a finance function 5+ years' experience in financial planning, control, and analysis, and in-depth practical knowledge of corporate finance and accounting principles, laws, and best practices. Advanced Microsoft Excel and PowerPoint skills. Business Intelligence/Objects and Lawson M3 skills are desirable. 3-5 years of managerial leadership experience. Experience in multi-unit wholesale/retail concepts preferred Proven strong analytical, problem-solving, consultative, and interpersonal skills.