Chief Financial Officer

JOB DESCRIPTION: Chief Financial Officer (CFO)

Reports To: Chief Executive Officer

Employment Type: Full Time

POSITION SUMMARY:

Reporting to the Chief Executive Officer, the Chief Financial Officer (CFO) directs the fiscal functions and management of KGroup Inc.’s budget, is responsible for the financial books and records of the organization including the preparation of period financial statements, for the annual audit conducted in accordance with generally accepted accounting principles, and, to the extent applicable, Government Auditing Standards, the preparation of the report to the Inland Revenue Department and other required reporting.

The CFO will also be responsible for partnering with senior management to establish standards best practices that support growth’s strategic growth plan as well as managing the overall financial reporting of the group. This includes developing budgets and timely accurate monthly financial statements, analyzing variances and developing recommendations for improvements.

KEY RESPONSIBILITIES:

➢ Provide timely and accurate analysis of budgets, financial reports, financial trends, and by effectively developing solutions to business challenges to assist the CEO, the EMTs and others in leading the organization and fulfilling the mission.

➢ Together with the CEO and the Chief Operations Officer, develop and recommend to the EMTs an annual operating plan and financial budget that support the group’s long-term strategy.

➢ Oversee timely completion of monthly general ledger management and accounting close, e.g., accruals, deferred revenue, sub ledger reconciliation and other monthly closing procedures.

➢ Establish guidelines for budget and forecast preparation and prepare the annual budget in consultation with the CEO, and the EMTs.

➢ Drive continual improvement of the budgeting process through education of General Managers and department managers on financial issues impacting subsidiaries’ budgets.

➢ Assist Project Managers with the preparation of budgets for bid applications.

➢ Develop a reliable cash flow projection process and reporting mechanism that includes a minimum cash threshold to meet operating needs. Provide strategic financial input and leadership on decision making issues affecting the group.

➢ Maintain all banking relationships and initiate strategies to strengthen cash position.

➢ Ensure proper training of all personnel working on financial, accounting, audit or fiscal matters.

➢ Ensure that there is an effective succession plan in place for the CFO position and other senior

➢ Supervise the management of Accounts Receivable, Accounts Payable, Payroll and vendor relationships as necessary.

➢ Evaluate the finance division regularly and plan for continual improvement of the efficiency and effectiveness of the group.

➢ Oversee the audit process and manage the relationship with external auditors and tax advisors as required.

CRITICAL COMPETENCIES

➢ Ability to deliver effective plans and results against short- and long-term goals.

➢ A results-oriented leader with a record of success in having developed and implemented ethical companywide strategies that supported an organization moving to the next level.

➢ A strong grasp of problem solving and financial analysis techniques for nonprofits.

MANAGEMENT

➢ A leader with demonstrated experience leading a culture of success built on collective performance, maintaining company credibility and personal accountability.

➢ Low tolerance for silos and a high affinity for collaboration and “team”.

➢ Assist in formulating the group’s future direction and supporting tactical initiatives.

➢ The CFO will provide direct supervision of the companies Accounts Payable/Payroll.

PERSONAL VALUES AND CHARACTERISTICS

➢ An inspiring, consensus-building leader with a bias to action.

➢ Skills in leading, inspiring and engaging people to produce high-quality results.

➢ An outstanding, enthusiastic relationship builder with high emotional intelligence.

➢ An approach that is collegial, collaborative and accessible, yet self-confident and effective.

➢ A deep-seated passion for the mission, vision and impact of the organization.