CFO Controller

CFO - Controller

• Controller to provide insights into:
  • Financial statements
  • Customer by customer P&Ls
  • Key performance indicators (KPIs)
  • Cost of new business (sales and marketing)
  • Budgeting and forecasting
  • Modeling alternative growth strategies
• Working capital management
  • Collection of receivables
  • Management of payroll
  • Management of payables
  • Expense tracking
  • Management of benefits (healthcare 401(k) ownership)

• Prepare chart of accounts to capture data and facilitate reporting to the owners.
• Review accounting software package alternatives select best fit and obtain. Prepare to implement new accounting and reporting solutions to historical and future data and transactions.
• Review the past accounting by the companys accounting firm and make adjustments according to US GAAP and new chart of accounts.
• Determine ASC 606 revenue recognition policies for the Company. Determine the proper recognition of retainer fees extraordinary or just-in-time consulting fees (separation of performance obligations) or other revenue streams. Capture accounting data in a manner consistent with revenue recognition policy.
• Determine owner needs for accounting information on a quarterly monthly and ad-hoc basis. Such information may include budget-to-actual revenue by customer margin analysis by customer payroll and owner distribution reports cash flow forecasts liquidity analyses etc. Perform variance analyses and understand root causes. Report to owners suggested actions to minimize unexpected variances.
• Develop and track key financial metrics (KPIs).
• Maintain the general ledger close the books each month following US GAAP determine the need for accrual accounting entries and their frequency (each month quarter and/or annually depending on the cost-benefit of recording such entries).
• Perform duties to prepare for an annual audit in accordance with US GAAP.
• Work with local accounting firm on filing required tax returns.

• Lead an annual budgetary process by working with owners to determine customer revenues margins blue-sky growth targets etc.
• Create financial forecasts and updates as business needs change.
• Provide financial insights and recommendations to leadership for strategic decisions.

• Provide for appropriate segregation of duties. Put down on paper for review by owners of key authorizations of transactions (delegations of authority) recording of transactions (bookkeeping) custody of assets (who has access to bank accounts) key control activities (for example the person reconciling the bank accounts being separate from the individual recording the transactions being separate from the individual with access to the bank accounts). Enforce the plan by reporting any deviations.
• Maintain compliance with federal state and local tax and payroll laws and regulations.
• Coordinate with external auditor and tax preparers.

• Review all current contracts to understand billing practices required for each.
• Create and implement a standard contract template and communicate to each consultant/owner the need to adhere as closely as possible for future contracts to the standard template. Work with legal advisers to ensure compliance with federal law and regulation protect the company from litigation unexpected tax impacts unfavorable collection terms etc.
• Create regular billing practices including review of each invoice for completeness incidental expenses or other potential revenue to bill for according to each performance obligation. Ensure timely bilings.
• Manage collections.
• Report to the consultants/owners a customer aging of past due receivables.
• Oversee reconciliation of credit card accounts including any receivables from members/owners for personal expenses.

• Oversee payroll processing and ensure correct tax withholdings.
• Determine payroll best practices and cost-benefit of outsourcing any and all functions.
• Assist ownership with compensation modeling or benefits cost analysis.
• Maintain employee and owner financial records benefits deductions and reimbursements.
• Management of benefits (healthcare 401(k) ownership)

• Assist ownership with setting up board meetings providing agendas providing financial reports graphs charts etc. for discussion.

• Analyze insurance needs risk tolerance and renewals.
• Manage relationships with banks insurance agents and financial partners.

• As experience grows become a trusted business advisor and member of the management team.