Financial Controller

SUMMARY

The Controller reports the financial condition of the consolidated group and related organizations to the chief financial officer. Provides sales and expense analyses summarizing potential problem areas and opportunities for improved profitability relative to monthly and annual forecasts.  This position will expose the candidate to various industries and entity types, and offer the opportunity to become an integral part of the organization.

ESSENTIAL DUTIES include the following. Other duties may be assigned.

•          Reviews and assists with the preparation of the monthly financial statement in accordance with company timelines. Ensures that all manufacturer accounts, including warranty claims, rebates, interest protection, and co-op advertising, are current and accurate.
•          Inventory management: The Company’s inventory of new and used vehicles, parts, accessories, and rental vehicles is a major asset that must be tracked and valued accurately. This includes managing floor-plan financing, where the inventory itself is used as collateral for a loan.
•          Sales and revenue tracking: Responsible for the proper accounting of revenue from multiple streams, including vehicle sales, parts sales, service repairs, warranties, aftermarket add-ons, and vehicle rentals.
•          Interprets the financial statement and the daily operating control (DOC) regularly and informs management of opportunities for cost savings and improved profitability.
•          Participates in the preparation of short- and long-term financial forecasts for the Company.
•          Provides department managers with detailed financial and management reports.
•          Maintains an effective cash management system that forecasts cash funds and makes recommendations for the profitable use of excess cash.
•          Reviews the general ledger and scheduled accounts. Notes any unusual entries and investigates.
•          Reviews the reconciliation of general ledger accounts with outside sources to ensure proper bank reconciliation, reserve accounts, factory payable, and floor plan payable.
•          Stays abreast of tax code revisions and advises management regarding any operational adjustments needed to accommodate revisions.
•          Ensures compliance with all applicable government finance regulations, including filing and/or maintaining of required forms, payroll taxes and deposits, income taxes, retirement plan records, etc.
•          Manages the computer systems to maximize utilization.
•          Administers a loss review program and maintains loss reserves for contingent liabilities and trade receivables.
•          Meets with management to evaluate all insurance renewals.
•          Prepares and processes all insurance claims.
•          Coordinates annual audit (or review) and physical inventory.
•          Ensures that all office personnel are using proper accounting procedures and maintaining accurate records and analyses and supervises the preparation of all information for the CPA in order to minimize audit or review costs.
•          Continually strives to improve data integrity and information reporting throughout the dealership. 

SUPERVISORY RESPONSIBILITIES

Interview, hire, and train accounting staff.  Assist managers with management decisions regarding operations and staff.