Seres Smith Consulting · 21 hours ago
CFO - Controller
Broken Arrow, OK
Full-time
Onsite
Director/Executive
$150K/yr - $150K/yrSeres Smith Consulting is seeking a CFO - Controller to oversee financial management and reporting. The role involves preparing financial statements, managing working capital, and providing financial insights for strategic decision-making.
Human Resources
Responsibilities
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 company’s 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
Qualification
Required
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 including collection of receivables, management of payroll, management of payables, expense tracking, and 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 company's accounting firm and make adjustments according to US GAAP and new chart of accounts
Determine ASC 606 revenue recognition policies for the Company and 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 including budget-to-actual revenue by customer, margin analysis by customer, payroll and owner distribution reports, cash flow forecasts, liquidity analyses, etc
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
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, and growth targets
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 and 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 to it
Create regular billing practices including review of each invoice for completeness and ensure timely billings
Manage collections and 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
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
Benefits
Healthcare
401(k)
Company
Seres Smith Consulting
Seres Smith Consulting is an innovative executive and managerial search firm that helps employers to recruit mission-critical financial and accountingtalent.
Founded in 2009
2-10 employees
Funding
Current Stage
Early StageLeadership Team
Theresa Seres Smith, CPA
Partner
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