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Director of Finance

The Hess Collection Winery

Napa, CA

Job Description:

PURPOSE OF JOB: The Director of Finance manages the accounting staff and is responsible for day-to-day oversight of finance operations as well as the company’s annual operating plan, including budget administration and associated financial analysis. The Director of Finance oversees and accounts for inventory, product costing, data systems & reporting, compliance, and information technology while contributing to or leading high-profile strategic projects. The Director of Finance holds key business development responsibilities including crafting and implementing banking, insurance, compliance, and tax strategies. In addition, the Director of Finance may be tasked with specific goals to drive company objectives, including those linked to improving cash flows, cost structures, and return on investment.

The position’s responsibilities include maintaining and overseeing financial policies, procedures, controls, budgets, and reporting systems to deliver consistent, timely, and accurate reporting. The position also requires daily interaction with various employees, including senior management, as well as with bankers, outside auditors, insurers, etc.

ESSENTIAL DUTIES AND RESPONSIBILITIES: include the following, though other duties may be assigned:

Accounting & Compliance
Effectively manage all aspects of day-to-day accounting systems and processes, including AR, AP, GL, payroll, inventory and fixed asset accounting
Maintain accounting records in accordance with GAAP standards
Manage monthly close process, including the following:
setting close calendar
creation, review and approval of journal entries and account reconciliations
report review and distribution
Responsible for all elements of inventory costing from vineyard to bottle
Oversee harvest/vineyard accounting and intercompany activity
Track end use allocation and ensure vintage costing protocols align to firm objectives
Effectively communicate accounting concepts to non-finance employees
Prepare and provide support schedules for annual state and federal tax returns
Review and approve cash disbursements
Oversee winery compliance reporting to meet local, state and federal regulations
Financial Planning, Analysis & Reporting
Manage the financial budget process within the company’s annual operating plan, including supporting managers in the creation of departmental budgets
Manage staff to generate monthly financial statements, review for completeness and accuracy, and package a monthly report for senior management with insights and/or highlights
Perform quarterly performance reviews (actual vs. budget) with department managers
Provide insight and support to sales, production and financial forecast models
Measure, support and provide insight to company performance indicators
Provide insight and analytical support to company remuneration systems including bonus structures and annual compensation reviews
Conduct periodic portfolio and product strategy reviews, tying key management decisions (product market fit analysis, fixed asset strategy, etc.) to product outcomes
Ad hoc analyses as requested
Business Development
Manage the treasury including acting as primary point of contact for commercial and inter-company creditor relationships
Consistently review and optimize the company’s capital structure including running periodic RFP’s for commercial credit
Oversees deployment of company resources including capital and operating budgets
Works with company ownership, executives, and outside consultants to create and implement effective tax and insurance policies
Actively sources business development opportunities consistent with firm strategy
Directly involved on acquisitions, disposals, and mergers
Directly involved in company route to market development and change management
Develops governance for innovation investment decisions, measurement and reporting
Socializes initiatives to ensure full stakeholder buy-in and inclusion of their input in implementation of new technologies and innovations
Oversees and is directly responsible for capital planning and budget management including Capital Allocation Request (CAR) routing and approvals
Maintenance of Systems
Supervises the IT Manager to ensure proper function of company software and hardware solutions
Directly responsible for selecting and operating data processing and reporting systems (Targit, NAV, Adaptive, etc.), managing associated vendors and supporting contractors
Manage user access to accounting and finance systems
Monitor data integrity of all company data across all systems
Maintain departmental hierarchy and chart of accounts
Maintain a forward leaning perspective on data utilization and keep THCW ahead of the curve for new systems and process which can improve workflow or drive out cost
Annual audits
Coordination, scheduling and leading communications with external financial auditors
Oversee annual physical inventory
Prepare and review audit schedules, including tax provision
Manage and support other audits as required
Internal Control Systems
Maintain and update an effective system of internal control
Issue, maintain and update accounting policies and procedures

Please see Company Website to review this Job Description in entirety.

Additional Information:

Job Posted:
Wednesday, September 30th
Type of Work:
Full Time
Job Category: