Assistant Controller - Financial Reporting in Raleigh, NC at Vaco

Date Posted: 4/28/2022

Job Snapshot

  • Employee Type:
  • Location:
    Raleigh, NC
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
  • Job ID:

Job Description


Our client, a locally established company, is looking to add an Assistant Controller position focused on financial reporting, analysis and investments management. This role will sit in their Raleigh, NC headquarters and will report directly to the Controller. The company offers a GREAT 401k match and overall benefits package and has a very good culture.

This position is for an experienced accounting professional with excellent organizational, analytical and communication skills to take control of corporate-level financial reporting and analysis, administer the company's investment and business loan portfolio and act as business manager of one JV partnership investment, and train as backup system administrator of company's Oracle Cloud ERP and budgeting software.

Duties & Responsibilities:

Financial Reporting and Analysis
* Consistently deliver on a regular monthly basis an established set of corporate-level financial reports to the C-Suite of the company. These reports will include operating budget variance reports, operating forecasts and projections, non-operating revenue and expenses, cash and credit facility forecasts, and investment and loan updates.
* Write a brief MD&A-style narrative over the top of the monthly reporting package distilling what is important in the numbers and communicating that in a concise manner, covering both consolidated and key individual business unit results and trends.
* Determine most efficient and effective way to deliver reports to upper-level management, optimizing the use of automation, KPIs and dashboards.
* Maintain regular communication with financial managers at company's various business units to get explanations for variances, trends, etc. that might be used in reports to management.
* Prepare and deliver quarterly credit agreement covenant calculations and supporting schedules and reports to primary lenders.
* Prepare and deliver annual unaudited GAAP financial statements to other lenders as required by certain loans.
* Design new financial reports to meet new requirements or improve/replace existing reports, managing technical resources necessary for build, test and rollout.

Investment and Loan Administration
* Assist the CFO/Controller in creating and maintaining a regular reporting package of the Company's private equity investments, including periodic ROI summaries for the entire portfolio and key individual investments.
* Assist the CFO/Controller/BUs in evaluating alternative private equity investments, performing due diligence, and completing subscription agreements and reviewing related deal documents.
* Maintain detail records of all company investment and business loan transactions and up-to-date summary level reports of current balances available on request.
* Manage investment documents including deal docs, investee financial reports, latest cap tables, etc.
* Manage investment payments including venture capital and private equity fund capital calls. Report to management on the company's current level of investment as well as the investment's performance to date to aid decision-making on requests for additional funding.
* Maintain current contacts at investees to obtain timely financial reporting and K-1s for tax purposes.
* Act as business manager for one of the company's investments, a documentary file production partnership.
* Manage notes for all loans, ensuring compliance with terms and timely collection of interest and principal.
* Ensure appropriate GAAP classification and accounting treatment for all investments and loans.

Oracle Cloud System Administration
* Train to back up company's Oracle Cloud Financials and Oracle Planning and Budgeting Cloud Service system administrators. The sys admin functions involved are non-technical in nature.
* Learn to perform Oracle user management, managing Cloud subscriptions, assigning roles and data access levels, and maintaining purchasing and payable approval hierarchies.
* Learn to perform Oracle application management, setting up new companies and new COA values, providing helpdesk services to users and submitting service requests to Oracle Support, and managing technical resources as needed to resolve problems or improve the company's use of the applications.
* Learn to consolidate business unit budget submissions to load annual company budget.
* Learn to consolidate monthly forecast updates and out-year projections from business units.
* Provide decision support to Controller and CFO as needed.
* Provide audit assistance as needed.
* Perform project work as necessary.

* Accounting or Finance degree and CPA or CFA required.
* 5-10 years of accounting experience with emphasis on financial reporting and analysis.
* Demonstrated ability to combine proficiency in financial reporting and analysis with outstanding writing skills to communicate the story in the numbers. Be prepared to provide samples of written analysis and any newly designed financial reports.
* Experience as a user of Oracle Cloud Financials required, Oracle Planning and Budgeting Cloud Service and Oracle Smart View a plus.
* Experience reporting or managing private equity investments and portfolios preferred.
* Must have strong PC skills, especially Excel.
* Must have strong planning and organizational skills to consistently meet deliverable deadlines.
* Must be curious and able to think creatively.
* Must be able to grasp and connect high-level concepts with underlying detail.
* Must have an ownership mentality toward work.
* Must be team oriented, results oriented, with an innate commitment to continuous improvement.