Chief Financial Officer

2 weeks ago

Minneapolis, Minnesota, United States Twin Cities Co-op Partners Full time
Purpose and Scope

The Chief Financial Officer will ensure that the co-op's finances align with established accounting principles, providing financial information and analysis to the Board and management to support the achievement of co-op objectives.

Key Responsibilities
  • Develop annual budgets for all locations and business units in consultation with the CEO, Store Directors, Co-op Partners Warehouse Director, and BOD Finance Committee.
  • Provide overall strategic leadership for the organization as a member of the co-op's Leadership Team.
  • Create and analyze quarterly and annual financial statements for all locations.
  • Create and analyze monthly reports for all business units.
  • Manage internal cross-division transfers and accounting practices.
  • Secure appropriate business and worker's compensation insurance for the Co-op.
  • Work with the HR Director to select medical/dental self-insurance, monitor and review self-insurance claims, and evaluate compensation strategy for the organization.
  • Support contract negotiations with staff unions, providing financial analysis and helping to develop Management strategy.
  • Manage the Co-op's investments, secure bank and credit union loans as needed, manage the relationship with lenders, and negotiate with financial institutions for favorable terms.
  • Ensure that auditors have timely access to all needed reports and documents.
  • Prepare the end-of-year packet for the accountant, coordinate the annual close-out, and ensure accurate inventory.
  • Oversee clerking and cash handling for the organization.
  • Work with Store Directors and CPW Director to establish and attain margin and labor goals.
  • Support the CEO and other directors by creating and/or analyzing business plans and proformas.
  • Oversee the purchase of all Co-op's fixed assets, including major office equipment, ensure tracking and depreciation of fixed assets, administer the procurement policy, and record keeping.
  • Participate in the Co-op's Finance Committee and 401(k) investment committee.
  • Oversee the allocation and distribution of patronage refunds and C Share dividends, maintain accurate, up-to-date owner equity records, and ensure that all State and Federal taxes are filed and paid on time.
  • Calculate quarterly profit sharing and supervise Finance department staff.
  • Support the development and implementation of co-op-wide financial processes that improve accuracy and efficiency.
  • Provide data as requested by the CEO to other organizations.
Qualifications
  • CPA or post-secondary education in accounting/finance preferred.
  • Full charge bookkeeping and/or financial management experience in a supervisory capacity required.
  • Computer literacy, including MS Word, Excel, accounting software, and email required.
  • Strong oral and written communication skills, including the ability to explain and interpret financial reports to individuals with varying levels of financial knowledge.
  • Strong analytical skills.
  • Ability to evaluate and improve accounting systems for efficiency.
  • Excellent organization skills and attention to detail.
  • An understanding and appreciation for the co-op business model.
  • Ability to work both independently and as a team.
  • Ability to meet commitments and timelines.
  • Ability to be flexible in a fast-paced work environment.
  • Demonstrated ability to work with customers and coworkers from diverse cultural backgrounds.
  • Ability to work with TCCP to create an inclusive environment where all are welcomed.
  • Ensure hiring supports TCCP goals for diversity and inclusion.
Essential Physical Requirements
  • Ability to remain stationary for extended periods of time processing on a computer.
  • Ability to physically move between floors and among store offices.
  • Must be able to communicate, present, and exchange information and express oneself.
  • Ability to lift files and boxes weighing up to 25 pounds.
Equal Employment Opportunity

Twin Cities Co-op Partners has an ongoing commitment to the principles and practices of diversity and inclusiveness. Our employment practices are in accordance with the laws that prohibit discrimination against qualified individuals on the basis of race, color, creed, religion, national origin, sex, sexual orientation, gender identity or expression, genetic information, disability, age, marital status, familial status, veteran status, citizenship, pregnancy, membership or activity in a local human rights commission, status with regard to public assistance, or any other status category by applicable law.

People with a wide variety of backgrounds and experiences are encouraged to apply.

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