Avid Systems LLC

Director of Finance / Controller

Avid Systems LLC United States

The Director of Finance / Controller will serve as our executive team's cornerstone, driving our financial strategy, ensuring strict compliance with government regulations, and cultivating robust relationships with key financial institutions. The role requires an individual with exceptional leadership skills, strategic foresight, and a proven track record of success in aggressive financial management and relationship building. The Director of Finance will oversee a team of accountants and be responsible for all functions of the accounting department.


Candidates must be able to plan, direct & collaborate as a team, handle the accumulation and consolidation of financial data for internal and external financial reporting. Monitor & implement internal control processes for better financial reporting.


Key Responsibilities:

Financial Strategy and Planning:

  • Develop and execute a comprehensive financial strategy that is closely aligned with the organization's overarching goals and mission.
  • Lead the annual budgeting process, engaging in long-term financial planning efforts, undertaking strategic financial modeling.
  • Provide invaluable insights and actionable recommendations to our senior leadership team, leveraging a deep understanding of financial performance metrics, prevailing market trends, and competitive dynamics.
  • Identify opportunities for revenue growth, cost optimization, and the strategic allocation of capital to maximize profitability.
  • Act as the primary liaison for all financial matters, engaging in meaningful dialogues and fostering productive partnerships with external parties.
  • Cultivate and nurture a continually strong set of relationships with a diverse array of stakeholders, including banks, lending institutions, investors, venture capitalists, and other financial partners.


Financial Management and Compliance:

  • Oversee all facets of financial operations (full cycle accounting), including accounting functions such as Accounts Payable and Accounts Receivable, budgeting, forecasting, and reporting.
  • Responsible for month-end and year-end close of income statement and balance sheet, account reconciliations & G/L analysis
  • Prepare cash-flow reports that project cash needs at weekly and monthly intervals, and handle daily cash management.
  • Strong knowledge of cost control, budgeting, accounting, and finance principles including Generally Accepted Accounting Principles.
  • Ensure unwavering compliance with government regulations and contract requirements, including strict adherence to the Federal Acquisition Regulations (FAR) and Defense Federal Acquisition Regulation Supplement (DFARS).
  • Implement robust financial controls, policies, and procedures to minimize risk exposure and safeguard our company's assets.
  • Own-the payroll process


Contract Management and Compliance:

  • Collaborate closely with our CTO and Director of Service Delivery to meticulously participate in our contract management processes, ensuring accurate billing, timely invoicing, and unwavering contract compliance.
  • Notify and work with the CTO and Director of Service Delivery to identify & Mitigate potential financial risks associated with contract performance through vigilant monitoring, strategic mitigation strategies, and swift dispute resolution.


Qualifications:

  • Bachelor's degree in Finance, Accounting, Business administration, or a related field; an MBA, CMA or CPA qualification would be advantageous.
  • A minimum of 7 to 10 years of progressive experience in financial management, ideally within the Government IT Consulting industry or a comparable sector.
  • A demonstrable track record of success in crafting and executing comprehensive financial strategies, driving robust business growth and maximizing profitability.
  • A profound understanding of government regulations and compliance requirements, including a nuanced comprehension of FAR and DFARS.
  • Exceptional leadership capabilities, underscored by a proven ability to effectively manage cross-functional teams, initiate organizational change, and foster a culture of relentless improvement.
  • Exemplary interpersonal and communication skills enable you to cultivate and maintain meaningful relationships with internal and external stakeholders across all echelons.
  • A strategic mindset, complemented by the ability to conduct incisive analyses of complex financial data, identify prevailing trends and emergent opportunities and furnish our senior leadership team with actionable insights.
  • Employment type

    Full-time

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