Arc Thrift

Summary

Overall responsibility for corporate financials for all operating business sites and divisions, from monthly reporting through to the planning process. Oversees the operations of the Accounting Department; Manages and coordinates the activities of several exempt and non-exempt department employees; Responsible for implementing and developing control policies both from an accounting and also an external contract perspective.  Plays a key role within the management team.  Ability to build relationships with both Directors and Operational Executives at all levels.  Performs ongoing analyses surrounding multi-site businesses and divisions for profitability; ensures accounting systems are operational and troubleshoots problems to obtain optimum efficiency, economy of operations, and maximization of profits.  This position reports to the President/CEO.

Essential Duties and Responsibilities

  • Report financial activities of the Company to the President/CEO continuously to determine performance and progress of financial goals.  Prepares monthly and quarterly financial statements.
  • Provide support to the President/CEO upon request.  Examples include Budget scenarios reflecting various pandemic outcomes; PPP loan request and forgiveness applications; ERP implementation options; Community solar application to various stores; ASC 842 GAAP lease accounting standard implementation; participation on related non-profit Boards in furtherance of the Company’s mission scope.
  • Prepare projections for current year and future years to assist senior management team in making short-term and long-term decisions.
  • Understand and consider the level of fiduciary responsibility involved when making decisions for the organization.
  • Support the corporate culture by promoting a management style of open communication, accountability and consistent treatment of all employees.
  • Develop staff through effective employment methods including, but not limited to hiring, promoting, evaluating, training and mentoring processes.
  • Annual Budget development, forecast updates and assimilating Department feedback thereupon.  
  • New store location economic analyses in support of growth targets.
  • Quarterly Board and Finance Committee financial communication preparation and presentation.
  • Liaison with Morgan Stanley re: Corporate endowment and 401(k) Plan assets and investment performance.  Prime periodic Investment Advisor RFP process on behalf of the Board.
  • Collaborate with HR and benefits broker concerning annual renewal of health and dental insurance policies.  Proceed similarly with separate broker for property and casualty, and workman’s compensation insurance coverages.
  • Manage store, warehouse and office leases and landlord relationships including interaction with attorneys to mitigate property tax assessments as appropriate.
  • Manage Finance team to facilitate annual financial audit including Monte Carlo simulation of annual fair value of inventory calculation.
  • Support grant applications with financial information as requested.
  • Oversee bank reconciliation process consistent with internal controls.
  • Responsible for proper, complete and timely filing of all appropriate reports, including, but not limited to IRS, Dept. of Labor/ERISA and other federal, state and local jurisdictions.
  • Maintain all accounting systems and records.
  • Manage monthly financial statements in accordance with generally accepted accounting principles (GAAP).
  • Lead and coordinates accounting staff to ensure accuracy and timeliness in reporting including but not limited to billing, check runs, collection efforts, payroll and management reports.
  • Support and promote the corporation by developing and maintaining relationships with managers, employees, vendors, bankers and other business firms in the community on an ongoing basis.
  • Maintain confidentiality and requires confidentiality of all staff

Candidate Preferences

  • Bachelor Degree in Accounting required; Masters’ Degree preferred.  CPA desirable.
  • Eight to ten years of combined public and private industry accounting or finance experience, including five+ years’ experience in a senior finance management role or equivalent.
  • Previous experience in a multi-site business, or a shared service center.
  • Heavy technical understanding of accounting principles and bookkeeping.
  • Exceptional analytical skills.
  • Strong background in automated accounting systems
  • Strong Excel, MS Word and Power Point skills required.  Adaptive Planning experience a plus.
  • Five to seven years’ experience managing staff of four to six employees comprised of exempt and non-exempt levels.
  • Exceptional leadership and interpersonal skills.
  • Possess capabilities to successfully assist the President/CEO grow the company annually in size and revenue.
  • Ability to develop financial presentations and business case analysis for review by the Board of Directors.
  • Ability to speak effectively before employees, customers, Board of Directors and the general public.
  • Set a good example through professional attitude and conduct.
  • Strong business reasoning and business decision-making skills.
  • Superior understanding of financial statements.
  • Knowledgeable in strategizing financial options.
  • Exceptional written and verbal communication skills.
  • Personal connection to the Intellectual / Developmental Disabilities Community.  The Company’s mission is to fund the ARC Chapters who perform advocacy for Community members and their families.  The Company’s culture is uniquely focused on this special relationship to the Community and it’s members.
  • Ability to thrive in a fast-paced environment with a high performing team where challenging deadlines and constant change is the norm.

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