Vice President of Accounting

Description

Job Title:             VP Accounting

Classification:   Vice President

FLSA Status:      Exempt

Salary Range:    Depends on Qualifications

Location:            Hybrid – Corporate Headquarters (Ypsilanti MI)

Position Description Summary: 

The Vice President of Accounting position is a Vice President level position that has full management responsibility for the accounting function of the company, to include the production of standard financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company's reported financial results, and ensure that reported results comply with generally accepted accounting principles. The position is also responsible for ensuring the routine execution of invoicing, payroll, cash management and, to some extent, risk management. This position manages resources to execute project controls for all project related work in the best interest of the client and the company. The VP coordinates all work related to accounting and project controls specific responsibilities and makes decisions within the scope of those responsibilities. 

Requirements

Essential Function(s) of the Position:

The essential functions described here are representative of those that an employee must be able to accomplish in order to successfully perform this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Transactions

· Understand and oversee/direct routine financial functions (payroll, invoicing, expense reports, 401(k), month close, bank reconciliation, monthly reporting, A/R, A/P, line-of-credit/cash management). 

· Ensure that bank reconciliations are completed in a timely manner each month.

· Review accounting system and provide training/guidance on completing expense report coding/review and update expense report process.

· Oversee the maintenance of an orderly accounting filing system.

· Supervise contract management and project planning transactions.

Reporting

· Issue timely and complete financial information.

· Support the CFO in establishing benchmarks against which to measure the performance of company operations.

· Manage utilization and productivity reporting. 

· Calculate and issue financial and operating metrics.

· Review company P&L results monthly with CFO to ensure accurate revenue and expense coding.

· Produce monthly financial reports. 

· Calculate variances from the budget and report significant issues to management.

· Provide financial information as needed, for capital investments, pricing decisions, and contract negotiations.

· Coordinate the annual preparation of the compiled financial statement and corporate report.

· Support the preparation of FAR Part 31 overhead rate.

Management

· Maintain the chart of accounts.

· Coordinate with the firm’s outsources functions (accounting, payroll) to maintain a documented system of accounting policies and procedures, bill payment and payroll execution.

· Coordinate with the firm’s CFO and owners to understand and produce standard monthly financial reports related to the performance of the company.

· Coordinate with the firm’s Executive Management Team to understand and produce detailed project and division financial reports on a routine basis.

· Oversee the accounting operations of the firm’s subsidiary corporations, especially their control systems, transaction-processing operations, and policies and procedures.

· Maintain a system of controls over accounting transactions.

Strategy

· Understand how the monthly reports are organized and why and offer suggestions to focus in on targets and metrics that are critical to our growth and success.

· Review monthly financial statements with division leads to align with division strategy 

· Continually monitor, evaluate, recommend, and implement new or improved technology solutions that will enhance efficiency, security, and effectiveness in the accounting, billing, and treasury aspects of the business.   

Compliance

· Coordinate the provision of financial information to accountants for year-end compiled financial reports.

· Monitor debt levels and compliance with debt covenants.

· Provide monthly financial information and certifications to bank for loan compliance.

· Comply with local, state, and federal government reporting requiremen