What are the responsibilities and job description for the Controller position at Velocity?
About Us
Velocity is the nation’s leading and largest builder of classic American vehicles, redefining what it means to own a classic. Our vehicles aren’t just restored—they’re entirely reborn. We blend the timeless soul and aesthetics of vintage cars with the performance, technology, and reliability of modern automobiles. By shifting away from traditional one-off restorations with their many uncertainties, we have set a new standard—delivering meticulously crafted, high-performance classics with enhanced reliability and drivability.
Velocity’s Culture and Core Values
Success at Velocity requires a “whatever it takes” mentality. We embody grit, demonstrating perseverance, resilience, and unwavering determination in the face of challenges. We are adaptable, embracing change, adjusting to new circumstances, and continuously seeking ways to improve processes and outcomes—because growth does not come from comfort.
We take ownership, assuming full responsibility for tasks, decisions, and outcomes, whether successes or setbacks, without shifting blame. “That’s not my job” is not in our vocabulary; when one part of our team falls short, we all do.
Finally, our ambition fuels our drive to excel, improve, and uphold the highest standards for both personal and professional growth. This mindset defines who we are and ensures our continued success.
Overview
The Controller is responsible for overseeing the financial health and stability of the organization by managing accounting operations, financial reporting, budgeting, and compliance. This role ensures the accuracy of financial records, implements robust internal controls, and provides strategic insights to support organizational goals.
Job Level
Management
Reports To
Chief Financial Officer
Duties and Responsibilities
Financial Management
Cash flow/BB Availability >$1.0M clearance On time close published by day 7 Inventory turns: 4 # of internally identified errors: CEI/ADD: AR collected within 10 days
Physical Demands (To include but not limited to)
Velocity is an Equal Opportunity Employer. Velocity does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
Velocity is the nation’s leading and largest builder of classic American vehicles, redefining what it means to own a classic. Our vehicles aren’t just restored—they’re entirely reborn. We blend the timeless soul and aesthetics of vintage cars with the performance, technology, and reliability of modern automobiles. By shifting away from traditional one-off restorations with their many uncertainties, we have set a new standard—delivering meticulously crafted, high-performance classics with enhanced reliability and drivability.
Velocity’s Culture and Core Values
Success at Velocity requires a “whatever it takes” mentality. We embody grit, demonstrating perseverance, resilience, and unwavering determination in the face of challenges. We are adaptable, embracing change, adjusting to new circumstances, and continuously seeking ways to improve processes and outcomes—because growth does not come from comfort.
We take ownership, assuming full responsibility for tasks, decisions, and outcomes, whether successes or setbacks, without shifting blame. “That’s not my job” is not in our vocabulary; when one part of our team falls short, we all do.
Finally, our ambition fuels our drive to excel, improve, and uphold the highest standards for both personal and professional growth. This mindset defines who we are and ensures our continued success.
Overview
The Controller is responsible for overseeing the financial health and stability of the organization by managing accounting operations, financial reporting, budgeting, and compliance. This role ensures the accuracy of financial records, implements robust internal controls, and provides strategic insights to support organizational goals.
Job Level
Management
Reports To
Chief Financial Officer
Duties and Responsibilities
Financial Management
- Oversee all accounting functions, including accounts payable, accounts receivable, payroll, and general ledger.
- Prepare, analyze, and present accurate and timely financial reports, including income statements, balance sheets, and cash flow statements.
- Develop and monitor budgets, forecasts, and financial performance metrics.
- Establish and enforce internal controls to safeguard company assets and ensure compliance with regulatory requirements.
- Coordinate audits and provide documentation to external auditors.
- Ensure compliance with accounting standards, tax regulations and other financial laws.
- Provide financial analysis and insights to support strategic decision-making.
- Identify and implement cost-saving opportunities to enhance profitability.
- Assess financial risks and develop strategies to mitigate them.
- Supervise and mentor the accounting and finance team, ensuring professional development and high performance.
- Foster a collaborative and efficient work environment.
- Evaluate and improve financial systems and processes for efficiency and accuracy.
- Implement accounting software or tools needed to support company growth.
- Strong knowledge of GAAP and financial reporting standards.
- Advanced proficiency in financial software (e.g., QuickBooks, ERP systems) and Microsoft Office Suite, particularly Excel.
- Exceptional analytical, organizational, and problem-solving skills.
- Proven leadership abilities with excellent communication and interpersonal skills.
- Ability to work independently and make sound decisions under pressure.
- Bachelor’s degree in accounting, finance, or a related field (CPA or CMA certification preferred).
- Minimum of 5 years of progressive accounting or financial management experience, including leadership roles.
- Prolonged periods of sitting at a desk or workstation.
- Occasional standing or walking within the office or shop, such as attending meetings, retrieving documents, or interacting with customers or employees.
- Occasionally lifting and carrying items, typically weighing up to 10-20 pounds.
- Frequent use of fingers and hands for typing, writing, and operating a computer.
- Using telephones, printers, copiers, and other office tools.
- Frequent need to focus on printed or digital material.
- Reviewing financial documents, schedules, or customer data with accuracy.
- Regular communication with customers, vendors, and team members, either in person, on the phone, or via video conferencing.
- Engaging with customers in person or over the phone, sometimes requiring extended periods of active listening and problem-solving.
- Prolonged exposure to hot or cold temperatures.
- Mild noise from office machines or nearby shop areas if the office is adjacent to the workshop. PPE may be required while walking through the shop.
- Moving around the office or between departments, sometimes requiring the ability to climb stairs.
- Safely operate a motor vehicle.
- Compensation: Pay is based on experience and qualifications
- Health & Wellness: Health/Dental/Vision/Life/Disability/Aflac available after 60 days
- Retirement: 401(k) with company match after 6 months at next enrollment period
- Paid Time Off: Paid time off and paid holidays
- Additional Perks: Company sponsored events, tool program, merchandise discounts, friendly team environment
Velocity is an Equal Opportunity Employer. Velocity does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.