This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/12502751

JOB DESCRIPTION

Job Title: VP of Finance/Controller

Department: Accounting

Reports To: Executive Vice President of Operations / Owners

Effective: January 13, 2025

Job Overview:

This position oversees and manages all aspects of our multi-company accounting operations and finances. This position will be responsible for maintaining accurate financial records, ensuring compliance with relevant regulations, and preparing financial reports to help drive strategic decision-making. This role requires a strong understanding of finance and accounting principles, leadership abilities, and a commitment to operational efficiency and accuracy.

Key Responsibilities:

• Financial Reporting & Analysis:

• • Oversee the preparation of monthly, quarterly, and annual financial statements
  • Analyze financial performance and variances, providing insights and recommendations to senior management.
  • Ensure timely and accurate reporting of financial information to internal and external stakeholders.

• Accounting Operations & Compliance:

• • Manage the full accounting cycle, including accounts payable, accounts receivable, and general ledger.
  • Ensure compliance with local, state, and federal tax laws, as well as accounting standards.
  • Coordinate external financial and insurance audits and ensure audit compliance.
  • Maintain and implement effective internal controls to safeguard company assets and ensure accurate financial reporting including internal audit procedures as needed.

• Budgeting & Forecasting:

• • Assist in the preparation of annual budgets and financial forecasts as requested by ownership or property managers.
  • Monitor financial performance against the budget and provide variance analysis.
  • Support long-term financial planning and resource allocation.

• Team Leadership:

• • Lead and mentor a team of accountants, providing direction, training, and support to ensure a high level of performance and accountability.
  • Manage the recruitment, development, and performance of the accounting team.

• Tax Planning & Reporting:

• • Oversee the preparation and filing of hotel, sales tax and food & beverage tax returns.
  • Coordinate income tax return preparation by our external tax preparers.
  • Reconcile payroll tax returns from our external payroll service provider to payroll records to ensure accuracy
  • Stay up to date on changes in tax regulations and implement strategies to minimize tax liabilities.

• Cash Flow Management:

• • Monitor cash flow, liquidity, and working capital to ensure that the organization has the resources needed for operations and growth.
  • Provide recommendations for optimizing cash flow and financing strategies.

• Financing Activities:

• • Work with ownership to secure financing as needed for all entities.
  • Coordinate records related to financing activities and coordinate information flow to lenders to facilitate loan renewals and new financing.

• Process Improvement:

• • Identify areas for improvement in accounting processes and systems, implementing solutions to enhance efficiency and accuracy.
  • Streamline workflows and automate accounting tasks where possible.

• Financial Systems Management:

• • Ensure the effective use of accounting software and systems (e.g., ERP, QuickBooks, SAP).
  • Oversee system upgrades, integrations, and trouble hooting to improve accounting operations.

Qualifications:

• Education Requirements:

{=html} <!-- --> - Bachelors degree in Finance, Accounting or related field.

{=html} <!-- --> - Skills & Competencies:

- - Exceptional attention to detail and accuracy. - Strong analytical and problem-solving skills. - Ability to communicate complex financial information to non-financial management and external stakeholders. - Leadership and team management skills, with a focus on building and maintaining effective teams. - Strong organizational and time management skills, with the ability to prioritize and meet deadlines.

Physical Requirements

Must be able to lift up to 30 pounds without assistance

Reaching by extending hand(s) or arm(s) in any direction

Finger dexterity required to manipulate objects with fingers r