Job Description:
The Chief Financial Officer will provide leadership and coordination of company financial information, capital budgeting, debt financing, budget management function, and all financial related activities in the business.
Compensation/Salary:
DOE
Requirements:
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Bachelors degree in Accounting with a strong finance background
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Ability to communicate and interact with vendors and the management team
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Knowledge of accounting software
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Strong knowledge and abilities with Microsoft Office
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Excellent knowledge of financial accounting principles and concepts
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Strong knowledge of budgeting and cash flow forecasting techniques, financial statement analysis, and financial controls
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Professional verbal and written communication skills and interpersonal skills
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Unquestionable willingness to keep office files, financial information, and other company related information confidential
- Ability to work independently & with a team
- Strong ability to communicate with all types of personalities
- Ability to develop effective relationships with all internal and external stakeholders
- Understanding of Agriculture is helpful
- Willingness to work in the production areas in times of need
- Ability to use technology effectively
- Work hours may be flexible depending on seasonal workload, some Saturday hours may be required during peak seasons
- Must attend continuing education and may be encouraged to attend career enhancing programs
- Live in the area with reasonable commute
Responsibilities & Duties:
Primary:
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Produce monthly financial statements for the businesses including income statement, balance sheet, and cash flow projections on a timely basis (i.e. within 15 days of end of the month)
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Manage or perform all activities related to financial accounting such as: invoicing; refunds; inventory evaluation; payroll and payroll taxes; management and payment of suppliers; assistance in the ongoing monitoring and management of banking relationships, including bank lines of credit; cash flow analysis and the management of short and long term debts; performing bank and other key reconciliations, supervising general banking duties; preparation of annual budgets; and preparation of cash flow forecasts on a monthly basis
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Proactive analysis of the monthly financial statements for the businesses including: analysis of key financial performance indicators and trends, including financial ratios; comparison of actual results to budget with suggestions of corrective actions
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Develop and execute a credit extension policy for customers. Secure liens, collect past due account receivables and other accounts
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Manage or perform fixed asset inventories, depreciation schedules, and fixed asset values
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Prepare the annual financial statements for the businesses (cash and accrual), including working paper support, for review by outside financial advisors, lenders, and CPA. Includes, but not limited to:
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Annual tax management planning
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Preparation of annual financial ratio review
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Developing and monitoring of growth model (Financial Scorecard)
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Actual to budget analysis
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Coordinate closely with the CPA in preparation of detailed financial statements and year end closing procedures
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Manage or perform all tax reporting and payments such as quarterly payroll taxes and fuel taxes
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Prepare financial analysis for capital budgeting scenarios such as: Payback Period; Internal Rate of Return; Net Present Value; and Lease vs. Purchase
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Prepare and refine the annual budget
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Provide crop projections and acres to the agronomist and fertilizer company
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Forecast variable, fixed, and employee expenses for the upcoming year
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Make schedules of land rent and debt payments
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Keep detailed crop records for each field
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Record plant dates, fertilizer/chemical records, seed usage, yields, etc. for each field
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Prepare spreadsheets of crop quality (where applicable)
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Be prepared to develop and report required data to the FSA and other USDA agencies.
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Prepare all needed and required information that may be required by any regulatory agency or other entity (customer, etc.)
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Prepare year end income statements broken down by enterprise
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See that all necessary invoices are entered into field file
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Oversee crop classification in accounting system
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Break down workers time by crop (where possible)
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Establish, implement and monitor financial controls to include fraud and embezzlement controls and cash receipts management
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Assistance with companies’ insurance programs
- Manage or perform cost accounting for all cost centers
- Manage the maintenance of office equipment – computers, printers, fax, copier, telephones, employee time entry system, etc.
- Management oversight of secretary and accounting clerk
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Other duties as assigned by CEO
Secondary:
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Prepare all needful information and records for annual GAP audit
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Evaluate strategic impact of different revenue streams, firm expansion, mergers and acquisitions, corporate development activities, and vendor relationships
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Prepare financial trend analysis on other entities owned by family as required
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Maintain an effective information filing system for document filing and retrieval
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Assistance with special projects, preparation of financial aspects of new business opportunities and ventures
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Periodically provide support and management of production related activities
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Interview job applicants and help the partners hire new employees
