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VP of Finance/Controller

Company: Terraboost Media
Location: Bolingbrook
Posted on: June 20, 2022

Job Description:

Terraboost Media is seeking a VP of Finance/Controller. The role is an attractive opportunity to join a highly entrepreneurial business setting within a private equity context and play a key role in taking the organization to the next level. Compensation will include a competitive base salary, bonus plan, equity participation and executive level benefits. For details see the bottom of this post. This position can be based in either our Oakland, CA or our Bolingbrook, IL facility. Founded in 2007, Terraboost Media is a leading out of home advertising company boasting a network comprised of more than 100,000 hand sanitizing billboards located at the front door + pharmacy wait areas of America's leading retailers including CVS, Walgreens, Albertsons, and H-E-B. These billboards not only dispense a dose of wellness but simultaneously generate billions of monthly advertising impressions. Advertisers (who include the likes of major CPGs, pharmaceuticals, technology, regional hospitals, and local service providers) can engage their target audience nationally, regionally, or locally and utilize rich data to hone in on the target most likely to convert. Nielsen + IRI research confirm 99% positive brand opinion, 80% engagement with the advertisement, and 47% + advertising recall and impressive lift in purchase intent.Position Summary: Reporting to the Chief Executive Officer with regular interaction with the board of directors and investor group, the VP of Finance/Controller will ensure the Company's financial strength and enable its profitable operation by planning, directing, and leading the financial activities of the organization to include financial planning & analysis; treasury; accounting and control; audit; tax; financial information systems; risk management; corporate strategy and purchasing. A key mandate will be to manage integrations closely, lead the company's M&A function, and develop the fundamental elements of the financial organization including its team, processes, and systems as the company scales and complexity increases. The VP of Finance/Controller is expected to function as a business partner and counselor to the CEO and other leaders in the organization contributing to and evaluating ideas and initiatives designed to advance the Company's overall objectives. Position Responsibilities:

  • Formulate and implement the company's financial strategies, policies, and programs, overseeing all finance-related activities including accounting and control, corporate finance, cash management, budgeting, financial reporting, covenant compliance management, financial planning & analysis, compliance, risk management, and internal audit.
  • Heavy involvement in company's conversion from QuickBooks to an enterprise level software package.
  • Lead M&A transactions and post-merger integration activities - Site consolidation, operational reporting, and tracking, IT, and accounting platform integration.
  • Working closely with the CEO and senior management team, provide leadership in the development and ongoing evaluation of short- and long-term strategic financial objectives. Contribute to the development and implementation of the annual business plan, including revenue, expense, and capital spending budgets.
  • Provide strong leadership to the company's business/financial planning & analysis and budgeting processes, ensuring that those exercises produce aggressive yet realistic plans for the company as a whole and for individual departments within it.
  • Proactively support the company with financial information and analysis to enable and ensure quality decision-making. Develop and monitor operational metrics relating to the achievement of financial objectives.
  • Oversee the company's accounting and control function. Ensure that the company maintains adequate financial and non-financial controls and that it leverages modern technology solutions in the accumulation, analysis, interpretation, and distribution of financial information.
  • Take a hands-on lead position in developing, implementing, and maintaining a financial management system for the company.
  • Ensure that the equity sponsor, management team, and board of directors are provided with accurate, timely and relevant financial reporting that is meaningful to running the business. Work with business unit Controllers and leaders to ensure that financial reporting is oriented to the specific decisions and issues each faces.
  • Develop and implement a framework to actively manage the balance sheet and maximize return on invested capital.
  • Oversee the company's treasury function including working capital and cash management.
  • Manage all aspects of debt covenant compliance. Monitor covenant compliance and deliver quarterly compliance reporting packages to lenders as required by agreements.
  • Ensure that effective internal controls are in place and ensure compliance with GAAP and applicable federal, state, and local regulatory laws and rules for financial and tax reporting.
  • Effectively manage the audit process and relationships with external auditors.
  • Direct the cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating and capital structure needs.
  • Evaluate and advise on the impact of long-range planning, introduction of new programs and strategies and regulatory action.
  • Actively participate in all corporate development activities, including working closely with the CEO and board to monitor and appraise acquisitions.
  • Represent the organization to key constituencies, both internal and external, including the board of directors, investors, customers, suppliers, creditors, auditors, banks, and advisors.Pivotal Leadership, Experience & Education:
    • Leadership and Tenure: 15+ years of broad financial management experience as a multi-site corporate Chief Financial Officer, Vice President of Finance, or Corporate Controller. Divisional VP FINANCE or commensurate role with a business of scale will also be considered.
    • Functional Experience: The preferred functional emphasis is on the operational finance functions (controllership and accounting) as well as strategic finance (M&A, strategy, and FP&A etc.) as opposed to treasury and corporate finance as the latter are largely handled by PE partner. Knowledge of US GAAP and other Accounting principles.
    • Business Experience: Experience operating in a variety of situations, such as M&A integrations, high growth, and turnarounds. Demonstrated experience acting as a finance business partner to a President or company CEO.
    • Small/Middle Market Experience: Brings relevant experience working with high growth middle market entrepreneurial companies.
    • Education: A bachelor's degree in finance, business, or a related field.Leadership Capabilities:
      • A strategic thinker who can operationalize strategy into outstanding day-to-day business performance.
      • A positive, can-do attitude that is infectious throughout the enterprise.
      • A team player, who appreciates that results come from a strong cross-functional effort.
      • Available and "out and about." Not an "ivory tower" executive.
      • An inclusive, collaborative and team-oriented leader. Charts the course with colleagues, but also lets others speak and seeks to understand their viewpoints.
      • A magnet for talent who can attract others to work with him or her.
      • A compelling communicator. Adept at all forms of communication to a full range of internal and external stakeholders.
      • An effective influencer. Able to convince others to pursue a course of action.
      • Not afraid to get his or her hands dirty and do real work
      • Work ethic. Possesses a strong willingness to work hard to get the job done.
      • Reliable; follows through on commitments. Lives up to forecasts, verbal, and written commitments. Delivers on objectives and those of their team.
      • Level-headed, pragmatic. Able to implement significant change through a down-to-earth approach.
      • Flexibility. Able to work effectively within an increasingly ambiguous and nimble corporate environment, and lead others to successful outcomes.
      • Proven high levels of commercial acumen with excellent influencing and relationship building skills at senior levels.
      • Honesty/integrity. Does not cut corners ethically. Earns trust and maintains confidences. Does what is right, not what is politically expedient. Speaks plainly and truthfully.Compensation and Benefits: Terraboost is offering an annual salary of up to $200,000 plus a bonus of 20%. Terraboost Media has a robust benefits package for full-time employees, including paid vacation and sick time. Paid company holidays, including a floating holiday that allows our employees to celebrate the holiday of their choice. Medical through United Health Care (3 plans to choose from), Dental through Guardian, Vision throughVSP/Guardian, Employer Paid and Voluntary Life Insurance, Voluntary Short & Long-Term Disability Programs, Health Savings (HSA) and Flexible Spending (FSA) Accounts, and Employee Assistance Program (EAP). We also offer a generous paid vacation, sick time, and holiday package. Equal Employment Opportunity Policy: Terraboost prohibits discrimination and harassment of any type and affords equal employment opportunities to employees and applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. Terraboost conforms to the spirit as well as to the letter of all applicable laws and regulations. To learn more, please visit us at www.terraboost.com .

Keywords: Terraboost Media, Bolingbrook , VP of Finance/Controller, Accounting, Auditing , Bolingbrook, Illinois

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