Job Description
As a 100% employee-owned (ESOP) company, our team members have a direct stake in our success, fostering a culture of accountability, collaboration, and shared purpose. This ownership mindset drives our commitment to delivering high-quality results while creating meaningful opportunities for our employees to grow and thrive.
This position requires travel. Looking for candidates who reside in PST and/or CST.
GENERAL SUMMARY
The Chief Financial Officer (CFO) is a key member of the executive leadership team responsible for overseeing all financial and accounting functions of the company. This role ensures the organization’s financial health, regulatory compliance, and long-term strategic growth while maintaining the company’s S-Corporation and ESOP (Employee Stock Ownership Plan) status. The CFO partners closely with senior leadership, the Board of Directors, and external advisors to uphold the company’s values as an employee-owned business.
KEY RESPONSIBILITIES
Travel to Los Angeles, CA will be required. Frequency and duration may vary based on business need.
Provide strategic leadership for the company’s financial planning, budgeting, forecasting, and capital allocation.
Oversee accounting, financial reporting, and compliance with GAAP/IFRS and applicable regulations.
Develop and execute strategies to optimize capital structure, cash flow, and profitability.
Partner with the CEO and executive team to evaluate business opportunities, investments, and strategic initiatives.
Has a complete understanding of the company’s strategy, goals, and financial expectations.
Provides recommendations to strategically enhance financial performance and business opportunities.
Ensures that effective internal controls are in place and ensures compliance with GAAP and applicable federal, state, and local regulatory laws and rules for financial and tax reporting.
Collaborate with ESOP Trustees, administrators, and legal counsel to ensure compliance with plan rules and federal regulations.
Oversee annual ESOP valuation, allocations, and participant statements.
Monitor the financial impact of ESOP transactions, distributions, and repurchase obligations.
Promote employee understanding of ESOP benefits and foster a culture of ownership.
Ensure compliance with IRS and Department of Labor (DOL) requirements related to S-Corporation and ESOP operations.
Lead relationships with banks, auditors, investors, and other financial partners.
Ensure effective risk management, insurance, and internal control systems.
Maintain compliance with S-Corp eligibility requirements, including shareholder limitations and single-class-of-stock rules.
Oversee preparation and filing of Form 1120-S and Schedule K-1 for shareholders.
Manage shareholder distributions consistent with ownership percentages and S-Corp tax regulations.
Present financial reports and recommendations to the CEO, executive team, and Board of Directors.
Build and lead a high-performing finance and accounting team, fostering professional growth and accountability.
Stay current with industry trends, economic conditions, and regulatory changes that may impact the business.
Adheres to and promotes all company policies, practices, standards of conduct, and ethics.
KNOWLEDGE, SKILL, & ABILITY REQUIREMENTS
Possesses a minimum of 10 years of progressive experience in financial leadership roles, preferably in an ESOP.
Strong financial, analytical and modeling skills.
Strategic thinker with strong business acumen.
Analytical and data-driven decision-making.
Strong leadership and team development skills.
Excellent communication and board presentation abilities.
Integrity and commitment to ethical financial practices.
Bachelor’s degree in Finance, Accounting, Economics, or related field.
Proven track record as a CFO, VP of Finance, or senior finance executive.
Strong knowledge of financial planning, accounting principles, and corporate governance.
Excellent leadership, communication, and interpersonal skills.
Job Type: Full-time
Pay: From $190,660.00 per year
Work Location: Hybrid remote in Los Angeles, CA 90071
💡 Quick Summary
Seeking a career-building opportunity? The Chief Financial Officer (CFO) position is now open for candidates interested in the Operations Executive Jobs sector. This role in Los Angeles offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Operations Executive Jobs is a plus.
