North Coast is looking for a VP of Finance that will drive and promote our leadership mindset of Adapt, Dare and Learn. At North Coast, our leaders are focused on building customer centric strategies, inspiring, empowering and developing associates, adapting to change, and driving organizational efficiencies in order to deliver results.
The Vice President of Finance is a member of the executive team responsible for providing business and financial leadership. This position has dual reporting lines to the North Coast President and the Sonepar West Region VP of Finance.
BUSINESS AND FINANCIAL LEADERSHIP
- Continuous financial review to control and monitor the business and improve its performance
- Collaborate with other functional leaders including Sales, Operations, Pricing, Purchasing, and HR to drive process improvement through the organization
- Understand and help control sales investments, gross margin evolution, and assist other departments in gross margin improvement initiatives
- Provide accurate, timely and meaningful reporting, including analytics to highlight areas for improvement and cost savings, more specifically ensure a close follow-up of discretionary, adaptable and controllable costs
- Assess, manage, and minimize risk of accounts receivable and inventory levels to ensure optimal financial performance
- Ensure that a strong and reliable internal control framework exists in the Company, enhance and adapt it in collaboration with other functional leaders, develop and implement procedures improving the operational excellence of the Company that effectively manage the risks
- Participate in the creation and implementation of action plans and recommendations made by internal or external auditors or by Sonepar Internal Control team in a timely manner
- Prepare and present regular monthly or annual financials, financial models for strategic initiatives and investments such as new branches or CDCs, expansions and relocations, acquisitions, and significant capex investments internally or to Sonepar
- Provide financial guidance on contracts, agreements, proposals and liaise with Corporate legal department when necessary
- Communicate and report transparently to the Sonepar VP of Finance for West Region
FINANCIAL PLANNING & ANALYSIS
- Prepare annual budgets and quarterly forecasts at the Company and branch level, including analysis against actual performance
- Develop and prepare metrics and reports for operations, regions, and branches
- Prepare management commentary and financial presentations
- Support Sonepar FP&A on required reporting and analysis
- Anticipate and foresee evolution of the financial aspects of the Company, inform management of trends, evolutions, risks and opportunities
FINANCE OPERATIONS
- Manage and develop the team of local financial operations resources, including the Credit team
- Enforce all Sonepar policies, ensure controls are in place and operating effectively
- Manage the T&E and inventory corporate card program within the Concur platform
- Develop appropriate customer and vendor relationships to manage assets
ACCOUNTING
- Financial ownership of all accounts
- Collaborate and maintain a strong relationship with Shared Services and the Corporate Finance team including Tax, Treasury, Risk Management, and M&A
- Manage internal and external audits of various types
- Research and resolution of accounting issues, development of accounting estimates
QUALIFICATIONS
- 10+ years of financial management, with experience in distribution industry preferred
- Bachelor's degree (B.A or B.S.) from a 4-year college or University in Accounting/Finance; With CPA is a plus
- Proven track record as a leader who can solve problems and resolve conflicts
- Supervisory experience as direct manager of a department with responsibility for hiring, accountability, performance reviews, team development, etc.
- Self-motivated, curious, critical thinker with a high sense of urgency
- Excellent communication and presentation skills
- Ability to manage effectively in a matrixed organization
- Must be proficient with Microsoft Office products and ERP systems. Experience with Eclipse ERP a plus.
- Ability to travel locally and nationally when required
ABOUT NORTH COAST
North Coast Electric, a family-owned business since 1913, became part of the Sonepar USA family in 2019. We have locations in Washington, Oregon, Idaho, Alaska, and Arizona. As a full line electrical distributor, we supply a wide range of electrical equipment to the electrical contractor, factory automation, industrial MRO, and commercial & institutional markets.
WHAT ARE THE BENEFITS?
401K Plan, Health Insurance (medical, dental, and vision), Paid Vacation, Paid Sick, Paid Holidays, Health Reimbursement Accounts, Healthy Lifestyles Reimbursement, Educational Financial Assistance, Employee Discounts and more.
EOE M/F/DISABILITY/VETERAN
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Required Skills
Required Experience