Chief Accounting Officer
Company Name:
Bell & Associates, Inc.
Chief
accounting
Officer
Bell & Associates, Inc. has been engaged to conduct an exclusive search for our client's next Chief Accounting Officer.
Compensation - $225-275k plus 50-75% bonus potential and $70k restricted stock per year, relocation assistance is available for this role
Interview Process - Interviews will take place over the next few weeks.
Position Summary
As a key leader within Company's finance organization, the Chief Accounting Officer (CAO) will be responsible for managing the global accounting and financial reporting organization for this complex company. The CAO will oversee financial reporting, general and revenue accounting, accounts payable, invoicing, internal financial
systems
, income tax function, and M&A/divestiture support across this diverse company. The successful candidate will also be responsible for all accounting policies, procedures, reporting controls, financial compliance, accounting
services
and transaction processing. Reporting to the Chief Financial Officer, this highly skilled individual will lead a team of approximately 60 professionals. In leading the Accounting organization, this position will partner with senior leadership to ensure priorities are aligned with corporate objectives and financial controls.
Key Relationships
Reports to: Chief Financial Officer
Team: Accounting and shared services organizations with approximately 60 professionals
Other Key Relationships: Audit Committee of the Board of Directors
Chief Executive Officer
Senior Operating Group
External Auditors
Investment and Commercial banks
Major Responsibilities
As the principal
accountant
for the company, the Chief Accounting Officer will be responsible for leading the global financial reporting function of the organization. This includes ensuring a best in class monthly close and the continued development of the financial reporting operations focused on accuracy and timeliness. The successful candidate will instill a culture of continuous improvement allowing the company to stay ahead of the curve in terms of developing GAAP/IFRS and its impact on accounting and financial reporting while driving centralization and synergies across the function. The CAO will oversee all operational accounting functions such as billing, accounts payable, equity administration and accounting, accounts receivable, etc.
Direct the external reporting function, including all SEC filings, to create value-add presentation, disclosure and discussion of Company's business trends and financial results in a manner that is informative to investor's and responsive to SEC guidelines.
Direct the income tax function, including all domestic income tax filings and accounting for income taxes. Be a member of the team that works with outside professionals in developing tax strategies.
Assist in the re-engineering of financial systems and processes to support robust
management
reporting that will facilitate growth and value creation. Evaluate existing systems and roll out new systems as appropriate. Oversee and help develop the company's effectiveness at leveraging its financial systems to allow for timely management reporting and decision making support.
Special business development projects such as mergers and acquisitions and divestitures: deal evaluation, structure, purchase accounting and due diligence.
Critical Skills and Ideal Experience
Industry experience in technology/financial technology would be a strong plus. Especially attractive would be knowledge of revenue recognition, professional services and contracts experience. (ex. Lost contract reserves, new software licenses vs renewals, etc.)
An MBA with a CPA preferred.
Big 4 public accounting and audit experience is ideal.
Deep systems experience (Oracle, PeopleSoft, Hyperion, etc.); ability to apply best
practices
and re-engineer systems and processes.
Minimum of 15 years of experience in the accounting profession with recent financial leadership experience as a Corporate
controller
or CAO at a public company with revenues in excess of $1B+.
Strong technical accounting skills; a thorough knowledge of GAAP, with an emphasis on revenue recognition, stock-based compensation, investment accounting and foreign currency translation.
Leadership skills to develop and strengthen the accounting team. Proven management success in a mid-sized or larger company with the ability to attract, motivate and retain critical staff.
Knowledge and/or experience with transforming an accounting organization with better tools, shorter closing cycles and a shared service implementation.
An unblemished record of accurate financial statements.
Energy and stamina to lead and transform an organization going through rapid change.
Possess personal and professional integrity beyond reproach. A natural leader, s/he will expect as much from him/herself as from other members of the staff.
Excellent oral and written communication skills including the ability to succinctly articulate business issues to finance and non-finance audiences alike.
EOEEstimated Salary: $20 to $28 per hour based on qualifications.
Bell & Associates, Inc.
Chief
accounting
Officer
Bell & Associates, Inc. has been engaged to conduct an exclusive search for our client's next Chief Accounting Officer.
Compensation - $225-275k plus 50-75% bonus potential and $70k restricted stock per year, relocation assistance is available for this role
Interview Process - Interviews will take place over the next few weeks.
Position Summary
As a key leader within Company's finance organization, the Chief Accounting Officer (CAO) will be responsible for managing the global accounting and financial reporting organization for this complex company. The CAO will oversee financial reporting, general and revenue accounting, accounts payable, invoicing, internal financial
systems
, income tax function, and M&A/divestiture support across this diverse company. The successful candidate will also be responsible for all accounting policies, procedures, reporting controls, financial compliance, accounting
services
and transaction processing. Reporting to the Chief Financial Officer, this highly skilled individual will lead a team of approximately 60 professionals. In leading the Accounting organization, this position will partner with senior leadership to ensure priorities are aligned with corporate objectives and financial controls.
Key Relationships
Reports to: Chief Financial Officer
Team: Accounting and shared services organizations with approximately 60 professionals
Other Key Relationships: Audit Committee of the Board of Directors
Chief Executive Officer
Senior Operating Group
External Auditors
Investment and Commercial banks
Major Responsibilities
As the principal
accountant
for the company, the Chief Accounting Officer will be responsible for leading the global financial reporting function of the organization. This includes ensuring a best in class monthly close and the continued development of the financial reporting operations focused on accuracy and timeliness. The successful candidate will instill a culture of continuous improvement allowing the company to stay ahead of the curve in terms of developing GAAP/IFRS and its impact on accounting and financial reporting while driving centralization and synergies across the function. The CAO will oversee all operational accounting functions such as billing, accounts payable, equity administration and accounting, accounts receivable, etc.
Direct the external reporting function, including all SEC filings, to create value-add presentation, disclosure and discussion of Company's business trends and financial results in a manner that is informative to investor's and responsive to SEC guidelines.
Direct the income tax function, including all domestic income tax filings and accounting for income taxes. Be a member of the team that works with outside professionals in developing tax strategies.
Assist in the re-engineering of financial systems and processes to support robust
management
reporting that will facilitate growth and value creation. Evaluate existing systems and roll out new systems as appropriate. Oversee and help develop the company's effectiveness at leveraging its financial systems to allow for timely management reporting and decision making support.
Special business development projects such as mergers and acquisitions and divestitures: deal evaluation, structure, purchase accounting and due diligence.
Critical Skills and Ideal Experience
Industry experience in technology/financial technology would be a strong plus. Especially attractive would be knowledge of revenue recognition, professional services and contracts experience. (ex. Lost contract reserves, new software licenses vs renewals, etc.)
An MBA with a CPA preferred.
Big 4 public accounting and audit experience is ideal.
Deep systems experience (Oracle, PeopleSoft, Hyperion, etc.); ability to apply best
practices
and re-engineer systems and processes.
Minimum of 15 years of experience in the accounting profession with recent financial leadership experience as a Corporate
controller
or CAO at a public company with revenues in excess of $1B+.
Strong technical accounting skills; a thorough knowledge of GAAP, with an emphasis on revenue recognition, stock-based compensation, investment accounting and foreign currency translation.
Leadership skills to develop and strengthen the accounting team. Proven management success in a mid-sized or larger company with the ability to attract, motivate and retain critical staff.
Knowledge and/or experience with transforming an accounting organization with better tools, shorter closing cycles and a shared service implementation.
An unblemished record of accurate financial statements.
Energy and stamina to lead and transform an organization going through rapid change.
Possess personal and professional integrity beyond reproach. A natural leader, s/he will expect as much from him/herself as from other members of the staff.
Excellent oral and written communication skills including the ability to succinctly articulate business issues to finance and non-finance audiences alike.
EOEEstimated Salary: $20 to $28 per hour based on qualifications.
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