Controller, Finance & Banking, Financial Reporting

JOB TITLE:

Controller

DEPARTMENT:
Finance - Accounting

REPORTS TO:

CFO

DATE/REVISION: 4/27/24

Reporting to the Head of Finance, the Controller is primarily responsible for safeguarding the financial affairs and data integrity of the organization and prepares financial analyses of operations, including interim and final financial statements with supporting schedules, for the guidance of management. The Controller is responsible for ensuring the company’s financial plans and policies, its accounting practices, the conduct of its day-to-day reporting with lending institutions and the financial community, the maintenance of its fiscal records, and the preparation of financial reports are completed at the highest ethical standard and meet or exceed GAAP and FASB guidelines.

The position involves supervision over general accounting, property accounting, auditing, cost accounting, budgetary guidelines and controls.

• Development, analysis, and interpretation of statistical and accounting information in order to appraise operating results in terms of profitability, performance vs budget, and other matters bearing on the fiscal soundness and operating effectiveness of the organization.
• Responsible for evaluating and developing the personnel on the Accounting Team. This individual recommends training & development requirements, has the duty to keep the staff at the highest level of skill necessary to meet company rapidly growing needs, business complexity and key objectives.
• Maintains the evolution and integrity of the company’s system of accounts and transactions (ERP, AR, AP) and keeps ledgers and records on all company transactions and assets in accordance with GAAP, FASB and other recognized principles of accounting.
• Manages the financial closing process to ensure that financial results are fully reviewed, reported timely and accurately, to include preparation of a Management Reporting Package that adds value and insights to various levels of the organization.
• Supports Finance team in preparation of the budget and financial forecasts, institutes and maintains other planning and control procedures (including the cost accounting system), and analyzes and reports variances.
• Is responsible for tax planning, timely reporting and compliance with all federal, state, and local corporate, payroll, and other applicable taxes.
• Furnishes internal reports (including P&L, balance sheet & cashflow), revises and updates reports to be more useful and efficient, and furnishes external reports as necessary.
• Optimize and oversee AR, Trade Deductions and AP process and integrity across sales channels, customers and vendors to ensure timely and accurate recognition of all revenue and expenses.
• Partners with Commercial and Operations teams to ensure clear and accurate understanding and accounting of operational transactions and results to include interfacing with all related sub systems (Banking, Modus (TPM), Retailer portals, 3PM/3PL portals…etc).
• Determines depreciation rates to apply to capitalized items and advises management on desirable operational adjustments due to tax revisions.
• Optimize, track and manage inventory booking, costing and cost allocation methodologies.
• Manages all aspects of a successful audit, both annual and interim on a timely basis.
• The Controller has the final responsibility for providing effective financial controls for the organization while adding continuous improvement around controls and system processes.
• Oversee tax compliance and proper regulatory reporting for US and potential future International entities.

• BA or BS in Accounting - Masters preferred
• CPA Certification is highly preferred
• 10+ years experience in financial management &/or accounting leadership
• Thorough understanding of GAAP and FASB principles
• Proficiency in Microsoft Office, Business Central (ERP),
• Experience with Direct to Consumer and Consumer Packaged Goods business a strong plus
• Strong organizational skill and attention to detail
• Proven ability to manage and lead people and process successfully
• Strong project management capability
• Ability to work collaboratively in a fast past work environment
• Motivated, able to handle multiple tasks at once

• Hybrid in office schedule - Tuesday, Wednesday and Thursday in Tribeca, NYC
• Limited travel is required potentially up to 10% of the time as needed