Chief Financial Officer

4 weeks ago

Cumberland, Maryland, United States Timbrook Automotive Inc Full time

Job Title: Chief Financial Officer

Job Summary:

We are seeking an experienced and energetic individual with strong leadership skills to serve as the Chief Financial Officer for Timbrook Automotive Inc. The successful candidate will oversee all company accounting functions and related employees, interact and strategize with the executive leadership team, and report directly to the CEO.

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, 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.

Requirements:

  • 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, and 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.

Equal Opportunity Employer:

Timbrook Automotive Inc is 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.

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