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Chief Financial Officer

1 month ago

Cumberland, United States Timbrook Automotive Inc Full time

"Drive Financial Success: Join Us as CFO at Timbrook Automotive"

Timbrook Automotive, a growing, privately-owned dealership group based in rural Western Maryland, has been in business for over 30 years, employs approximately 500 employees and currently operates 15 locations in MD, PA, VA and WV.

We are seeking an experienced and energetic individual with strong leadership skills to serve as the CFO for our company. As the CFO, you will oversee all company accounting functions and related employees, interact and strategize with the executive leadership team and report directly to the CEO. In addition to providing the financial oversight and direction needed for continued overall company expansion, acquisition and growth, you will contribute to each location’s individual success by assisting them in establishing a financial budget and then providing them with the financial tools needed to achieve it.

Key Responsibilities

  • Work directly with the CEO and COO to establish cash and financing requirements needed for long-range business development.
  • Produce yearly financial objectives in alignment with the company’s plan for growth and expansion.
  • Prepare and submit, timely and accurate monthly financial statements and internal comparison reports and composites.
  • Monitor and manage cash, reconcile bank accounts, review the general ledger schedules, daily and prepare weekly cash flow statements for all business entities.
  • Establish and maintain all scheduled entries and accruals. Ensure standardization of accounting procedures across all dealerships.
  • Review accounting policies and practices on a regular basis to affirm compliance with generally accepted accounting principles (GAAP).
  • Serve as the primary financial contact with our legal counsel, independent CPA firm, auditors and financial institutions.
  • Review, negotiate and maintain records on all company purchases, contracts and insurance coverages.
  • Administer and oversee stockholder tax payments and drawings.
  • Assist General Managers at each location in preparing quarterly and annual projections and forecasts.
  • Oversee Office Managers to ensure their efficient management of cash, accounts receivable and accounts payable, as well as the timely and accurate preparation and submission of financial statements.
  • Maintain continuous contact and an open line of communication with all Office Managers via phone calls, emails, video calls or in-person visits.
  • Maintain up-to-date knowledge of financing options, interest rates, and industry trends.
  • Ensure compliance with all federal and state regulations related to automotive financing.
  • Other duties as assigned.
Skills & Qualifications
  • Proven experience (10+ years) as CFO, finance officer or relevant role is required.
  • Bachelor's degree in Finance, Accounting, Business Administration, or related field required. MBA or CPA preferred.
  • Highly proficient at Microsoft Excel.
  • Exceptional relational, communication & presentation skills.
  • Strong financial insight and analytical skills, with the ability to interpret complex financial data and trends.
  • Strategic thinker with a track record of driving financial performance and operational excellence.
  • Excellent communication and interpersonal skills, with the ability to influence and collaborate across all levels of the organization.
  • In-depth knowledge of financial regulations, accounting principles, and best practices.
  • Valid driver's license with a clean driving record.
Benefits
  • Competitive salary based on experience and qualifications
  • Health, dental, and vision insurance
  • Voluntary benefits
  • Company paid life insurance
  • Retirement savings plan
  • Voluntary benefits
  • Paid time off and holiday pay
  • Employee discounts
  • Collaborative work environment

We are an equal opportunity employer. All persons shall have the opportunity to be considered for employment without regard to actual or perceived race, color, religion, creed, sex, sexual orientation, gender identity or expression, national origin, age, ancestry, ethnicity, disability, pregnancy, citizenship, marital status, familial status, military or veteran status, genetic information, predisposing genetic characteristic, status as a victim of domestic violence, stalking and sex offenses, or any other status protected by applicable federal, state or local law.