Director of Finance

Our client in the Government contracting Industry is seeking for a Director of Finance position. Here are the key requirements for the role.

Leadership – Provide hands on leadership to the Accounting Department and serve as an organizational leader within the Organization's Senior Leadership Team.

• Staff development – build and maintain a high performing staff through mentorship, effective performance feedback, and professional development.
• Performance management – Work with the CEO and organizational leaders to provide insight into organizational performance. Provide actionable information to the organization.
• Organizational leadership – Build effective relationships with the Organization's leadership team to advance organizational priorities.

Business operations – Manage the day-to-day operations of the Business Office with primary responsibility for financial policy and procedures, including internal controls, systems, and reporting.

Financial reporting – Primary responsibility for preparing the organization’s financial statements.

Financial systems – Manage and improve the systems (technology and process) for the following core processes:

• General ledger
• Payroll
• Payables
• Receivables
• Cash management

Compliance – Primary responsibility for the annual audit and internal control systems.

Treasury and Investments – Work with the CEO on managing the organization’s financial assets.

Financial planning – Preparing effective and insightful financial budgets and forecasts.

Success traits and behaviors

• Leadership – demonstrated ability to lead a department with sound judgement, continuous improvement, and performance feedback. Ability to evaluate talent and place the right people in the right roles.
• Curiosity – desire to understand how the organization works and desire to learn from others’ best practice.
• Creator and builder – desire to find new ways to provide insight into the organization’s performance and ability to build and execute on those ideas.

Essential Functions/Duties/Tasks:

Direct and lead the financial reporting and general ledger functions:

• Manage the month-end closing schedule to meet financial reporting deadlines.
• Manage internal controls over all financial transactions, including reconciliation of all balance sheet accounts.
• Review and analyze performance against financial targets.
• Manage reporting to external organizations, key investors and creditors.
• Design and implement operational and systems improvements to drive efficiency.

Direct and lead the annual audit and annual financial statements: Primary responsibility for the annual audit, including managing the preparation of PBC schedules.

• Build and maintain an effective relationship with the Organization’s audit and tax firms.
• Primary responsibility for preparing the annual financial reports.

Direct and lead key business processes:

General Ledger

• Manage the process for recording Organization’s financial transactions, including journal entry preparation and review.
• Mange the interface of the CRM and Management systems with the financial system.
• Manage the recognition of revenue according to company’s policies and procedures.

Accounts Payable

• Mange the process for review of all invoices, check requests, credit card expense reports and employees’ expenses. Ensure the coding is correct, properly authorized, and in accordance with Organization’s policy and procedures.
• Manage the process for review of payments for available funds and donor’s intent.
• Review all disbursements, (checks, ACH, wires) for proper authorization and compliance with Organization policy.
• Manage regularity compliance, including reporting, sales tax, and federal funds rules.

Payroll

• Manage the payroll process, including review of all payroll registers prior to processing.
• Manage regularity compliance for wages, taxes, and benefit plans.
• Build and maintain effective relationships with the Human Resources department, payroll vendor, and benefit providers.

Treasury and Cash Management

• Manage the internal controls over cash and all receipt channels (checks, credit cards, PayPal, etc.).
• Manage the reporting process for liquidity and future cash needs.
• Build and maintain effective relationships with Organization’s banks, financial institutions, and investment managers.

Direct and lead efficient business processes and internal controls:

• Design and implement accounting policies and procedures that produce increased efficiency and productivity.
• Maintain current knowledge of changes in accounting principles (GAAP). Design and implement changes in business processes and systems to maintain compliance with GAAP.
• Maintain current knowledge of industry best practices.
• Develop and maintain effective relationships with peer organizations with the purpose of benchmarking and evaluation of best practices.

Financial planning and analysis:

• Manage financial planning and analysis, including revenue, compensation, grant spending, and operating expenses.
• Work with senior leadership on providing regular performance updates and key metrics to provide insights into the performance of the business.
• Identify areas of enhancement and improvement in business performance.

All other duties as assigned.

Required knowledge, skills, and abilities:

• Government contracting knowledge and experience.
• Strong technical knowledge of accounting and related systems.
• Staff management experience required.
• Ability to effectively communicate with internal and external audiences.
• Ability to explain complex financial information to non-financial staff.
• Ability to provide concise financial reporting to senior staff and executive board.
• Ability to manage multiple projects and deadlines.
• Comfortable managing risk and making decisions.

Preferred education and experience:

• Bachelor’s degree in accounting and minimum 5 years of relevant experience, with at least three years in a management position.
• CPA highly desired.
• High proficiency in MS Excel.
• Strong system aptitude and expertise in managing business systems.

ABOUT BGS CONSULTING:

BGS Consulting is a professional services firm, located in Tysons Corner, VA, delivering finance and accounting resources with deep operational experience to fill the direct hire and project-based needs of our clients.