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Vice President, Accounting - Terreva
CIM GroupUnited Statesfull_timeVerifiedPosted 31 Jan 2024
About the role
POSITION PURPOSE:The VP, Accounting is responsible for developing the Financial Reporting and Accounting functions for a high-growth PE-backed company. This role will collaborate with other key members of management to enhance the efficiency and effectiveness of financial processes, automation, and reporting. This role will have a strong understanding of US GAAP and be responsible for maintaining and developing, as necessary, the Company’s accounting policies. This role will also develop and maintain a deep understanding of operational, financial, and ESG performance and communicate insights to senior management and other key stakeholders, including leading initiatives to improve management and investor reporting.
ESSENTIAL FUNCTIONS:
- Establish and continuously develop an accounting and reporting function for high-growth company
- Implement financial processes and controls to address financial and business risks
- Identify, communicate, and strategically approach resource needs to meet the accounting and reporting objectives, including leveraging an off-shore team to supplement the local team
- Maintain and establish, where needed, accounting policies and procedures that are in accordance with US GAAP and that align with internal and external reporting objectives, including tax requirements
- Lead relationship with external audit firm and ensure completion of annual audit in a timely manner
- Prepare and oversee the accurate and timely preparation of monthly financial statements, including monthly income statements, balance sheets, equity statements and statement of cash flows
- Analyze legal contracts and documents for accounting and reporting implications
- Review technical accounting areas for accuracy each month (e.g. consolidations/eliminations, FX hedge, FX translation, purchase price allocations, revenue recognition, equity, etc.)
- Perform review over financial reporting for external stakeholders to ensure reporting is in compliance with contractual requirements and US GAAP
- Ensure accurate and timely tax filings and compliance with income tax, sales tax, and payroll tax regulations
- Collaborate with external tax consultants to develop optimal tax planning strategies[JB1]
- Manage the audit relationship, timeline, and issues, and ensure audit deadline is met
- Monitor and manage liquidity across several operating and holding companies
- Maintain a continuous improvement mindset for the accounting close with a focus on reducing the days to monthly close while ensuring accurate accounting records
- Assist with maintenance of relationships with banks and lenders, including providing any necessary reporting
- Partner with the finance function to assist in developing annual budgets and forecasts, and assessing and evaluating actual performance against budgeted to provide regular updates to executive management and other key stakeholders
- Coordinate with IT and other cross-functional teams to implement an ERP system in a manner that aligns the chart of accounts and project entity hierarchies to meet internal and external accounting and reporting requirements
- Assist with ad-hoc reporting and/or financial statement analysis requests for management, investors, or other stakeholders
- Support the finance function on equity and debt fundraising, as necessary
- Maintain a strong relationship with equity investors, especially on cash arrangement, funding requests, and other acquisition needs.
- Assist in the accounting due diligence, assessment of financial risks, and financial integration efforts
EDUCATION/EXPERIENCE REQUIREMENTS: (including certification, licenses, etc.)
- Bachelor’s degree in accounting or finance
- Minimum 10 years’ experience in accounting/finance
- Big 4 or other Public Accounting Experience (preferred)
- CPA (preferred)
- Experience working with multiple legal entities under different legal umbrellas
- Private equity, and/or alternative investments experience, particularly fair value fund and/or partnership accounting.
- Experience in energy industry a plus
- Experience working with NetSuite a plus
KNOWLEDGE, SKILLS AND ABILITIES:
- Expertise in various investment asset classes, including infrastructure, renewable energy and/or debt as well as the management, development, accounting and reporting processes.
- Extensive knowledge of GAAP accounting
- Ability to organize, perform and prioritize various functions to meet deadlines with minimal supervision.
- Effective communication skills, both written and oral, and strong attention to detail.
- Strong interpersonal skills and the ability to communicate well verbally and in writing.
- Strong analytical skills and detail-oriented.
- Ability to make sound decisions.
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