Job Description:

A NY based apparel company is searching for a Chief Financial Officer.  The position is accountable for the financial operations of the company, to include the production of periodic financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls designed to mitigate risk, enhance the accuracy of the company’s reported financial results, and ensure that reported results comply with generally accepted accounting principles. This hands-on role includes processing payroll, posting information to accounting journals or accounting software from such source documents as invoices to customers, cash receipts, and supplier invoices and also reconciles accounts to ensure their accuracy.

Principal Responsibilities:

• Participate in key decisions as a member of the executive management team
• Develop financial and tax strategies
• Manage the capital request and budgeting processes
• Manage the accounting, tax and treasury functions
• Oversee the financial operations of subsidiary companies
• Oversee the company’s transaction processing systems
• Maintain banking relationships
• Monitor and forecast cash flow positions, related borrowing needs and available funds
• Monitor debt levels and compliance with debt covenants
• Comply with local, state, and federal government reporting requirements
• Coordinate the provision of information to external auditors for the annual audit
• Provide information to the external accountant who creates the company’s financial statements
• Oversee the operations of the accounting department
• Implement finance operational best practices

Risk Management

• Understand and mitigate key elements of the company’s risk profile
• Construct and monitor reliable control systems
• Maintain appropriate insurance coverages including vendor and product liability requirements
• Ensure that the company complies with all legal and regulatory requirements
• Ensure that record keeping meets the requirements of auditors and government agencies
• Maintain relations with external auditors and investigate their findings and recommendations

Transaction Operations

• Maintain the chart of accounts
• Maintain an orderly accounting filing system
• Maintain a system of controls over accounting transactions
• Oversee the extension of credit to customers
• Issue timely invoices to customers
• Ensure that accounts receivable are collected promptly
• Ensure that accounts payable are paid in a timely manner
• Ensure that all reasonable discounts are taken on accounts payable
• Investigate and challenge chargebacks
• Ensure that required debt payments are made on a timely basis
• Record cash receipts and make bank deposits
• Ensure that periodic bank reconciliations are completed
• Process payroll in a timely manner
• Maintain the petty cash fund

• Issue timely and complete financial statements
• Prepare and issue quarterly licensing reports and provide information as needed for audits
• Provide for a system of management cost and profitability reports
• Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations

Desired Qualifications

• Bachelor’s degree in accounting or business administration, or equivalent business experience
• 10+ years of progressively responsible experience for a major company or division.
• Experience in partnering with an executive team,
• High level of written and oral communication skills.
• Preference will be given to candidates with the Certified Public Accountant or Certified Management Accountant designations.