Description:
Accounting and Finance
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- All Financial Reporting for all Shift business units. Proper, accurate and timely financial reporting for all our business units. This includes not only timely and accurate internal monthly financial reporting, but also accurate and timely reporting to our banking and manufacturer partners as required. And this isn’t just reporting … an in-depth analysis with a constant focus on areas of concern, or opportunity, are also very important.
- Management of the Director of Accounting and responsibility of the entire accounting process for Shift. This would include oversight of everything from internal accounting, working with third-party accounting firm as needed, and all other high-level management as needed.
- Financial Partner Relationships and Lending Management. This includes working with our various lenders to assist in securing lines of credit, mortgages and other sources of financing required by the business. It also includes working within those arrangements to maximize the relationships and the effectiveness of our relationship with our financial partners.
- Cash Flow Management. We handle hundreds of millions of dollars per year and the effective management of this cash flow, as well as regular cash flow reporting to ownership, is a vital part of the role of the CFO.
- Financial Forecasting and Modeling. As we continue to grow, we need to develop multiyear forecasting and financial modeling to ensure that our growth ambitions are properly planned and cash/financing needs are known well ahead of time
- Establish should financial, business and operating procedures and policies for the organization.
- Establish a budget-based environment. Today Shift operates in an environment where we don’t operate a highly effective annual budgeting system and it will be the responsibility of the CFO to create this environment across the business units.
Strategic and Leadership
Reviewing any and all potential acquisitions to assist ownership in making decisions on new opportunities and markets. We are currently faced with many opportunities every year and all of those opportunities are currently assed solely by ownership. Moving forward, the CFO will be intimately involved in these decisions.- Ensuring as we expand internationally into the United States that we are maximizing our efficiencies and are limiting any liabilities. Ensuring that we are doing this in a tax compliant manner on both sides of the border and that we are also maximizing any exchange rate opportunities.
- Assist ownership with creating and implementing comprehensive business plans to facilitate our goals and objectives.
- Ensure company policies and legal guidelines are industry leading.
- Identify business opportunities internally and externally for scaling up growth profitably.
- Working with other stakeholders, from invested managing partners to department managers, to ensure that they understand any and all relevant financial information available to them. This includes monthly reviews with all Managing Partners/General Managers/Unit Managers, reviewing monthly financial statements and KPI’s with intentionality looking for opportunities.
- Working with all other in the management team in ensuring that the overall company operates at the highest possible level of efficiency and profitability.
- Expense control. Constantly reviewing all expenses incurred by the company and reviewing these expenses to ensure that all are minimized and limited to only the highest ROI possible.
- Create, improve and maintain strong internal controls while ensuring the safeguarding of all company processes.
Qualifications
- Must have professional accounting designation.
- Must have minimum 5 years of experience in a similar position within an operational business.
- Strong experience navigating an entreprunerial work environment.
- Adaptable and able to thrive in a dynamic, fast-paced environment with minimum supervision.
We move at a very fast pace and our CFO must be able to thrive in that environment.
Automotive retail experience would be a huge asset but is not necessary, and some form of relevant similar experience is a must.