Controller

Employment Type: Full-time

My Financial Partner (MFP) is a subsidiary of Teamshares Inc., a national, for-profit company dedicated to helping American small businesses become employee-owned. MFP supports a network of companies by providing fractional accounting resources through a team of experienced accounting professionals. Join our team and play a crucial role in driving financial success for our network companies!

Position Overview

As a Controller at MFP, you will provide high-quality financial management for a subset of Teamshares network companies within the Retail Industry. You will partner with company presidents and employee-owners to ensure robust financial oversight and identify profit improvement opportunities. This is a hands-on role requiring active involvement in the financial operations of small to medium-sized businesses.

Industry Experience and Client Partnership

• Tailored Client Service: Understand and adapt to each client’s unique accounting needs, leveraging your retail industry knowledge to provide personalized insights and solutions. This includes offering specialized advice on tax planning, cost control, inventory optimization, and financial planning relevant to each sector.

Key Responsibilities

• Day-to-Day Adaptability and Multi-Tasking: Manage a variety of tasks daily, from client consultations and financial analysis to cash flow monitoring and troubleshooting system issues. A strong ability to pivot between tasks is essential to ensure responsiveness to client needs and internal deadlines.
• Complete Understanding of the Accounting Cycle: Mastery over the full accounting process—from data entry to financial analysis—is essential for generating accurate financial statements and ensuring compliance. Skills in reconciling accounts, journal entries, month-end closings, and reporting are critical.
• System and Process Optimization: Identify inefficiencies in accounting processes and recommend improvements, potentially involving automation, standardization of reporting, and chart-of-accounts cleanup to enhance accuracy and operational efficiency.
• Communication with Leadership: Act as a key advisor to Presidents and other executives, translating complex financial data into actionable insights. Regularly meet with leadership to discuss financial health, budget adherence, and long-term strategic planning.
• Cash Flow Management and Advising: Conduct ongoing cash flow analysis to ensure liquidity and provide strategic advice on managing cash reserves, optimizing receivables and payables, and making informed investment decisions.
• Lead accounting operations, including AP/AR, GL, inventory accounting, and revenue recognition.
• Adherence to a Controls Environment: Develop or make recommendations to internal control policies/practices and document business processes as needed.

Duties

• Oversee month-end and year-end close processes.
• Perform balance sheet reconciliations (cash, credit card, A/R, A/P, etc.).
• Record fixed assets and depreciation.
• Record and amortize prepaid expenses.
• Calculate and record payroll/bonus accruals.
• Calculate and record revenue/expense accruals as needed.
• Review income statement accounts for classification and cutoff.
• Submit Trial Balance, variance analysis, and monthly close checklist to OneStream.
• Develop and maintain a 13-week cash flow forecast to identify potential cash flow issues and propose solutions.
• Book deferred revenue entries and reversals in the accounting system.
• Review and book income tax entries from Teamshares.
• Regularly review trial balance and make necessary adjustments.
• Provide support for quarterly sales tax returns.
• Make year-end adjustments and prepare worksheets.
• Assist with inventory adjustments associated with annual physical counts.
• Oversee lead bookkeeping and other related finance functions.
• Prepare 1099s.
• Work closely with the co...

Note: Salary and Location Type information were not provided in the original description.