Job Description
JOB SUMMARY:
Christian Brothers Automotive is seeking an established finance professional to help lead our franchise organization as we grow! The Vice President of Finance will support the organization’s financial systems, banking and lending services, serve the needs of franchisees who are transitioning ownership, evaluate franchise and business purchase opportunities, support and develop SBA lending programs, assist in the planning, development, implementation, and maintenance of the company’s financial analysis and operations, and support and promote profitable goals and objectives through manageable growth. This person will report directly to our Chief Financial Officer.
DUTIES/RESPONSIBILITIES:
- Assist with bank relationships, providing necessary KPI’s, reports, covenant monitoring, etc.
- Set up and administer lending programs for store’s major equipment, remodels, SBA navigation.
- Educate franchise owners and assist them in navigating loan processes and obligations.
- Provide final approval on construction loans, budgets, and draw requests for new locations as well as current location major remodels/capital expenses.
- Review final loan documents to ensure accuracy of negotiated terms.
- Serve on store owner transitions team by leading through financial needs such as business valuation, lending requirements, bank and financing needs, and timeline to close.
- Track and administer sub-debt payments/needs/communication between relevant parties.
- Oversee electronic payment system(s), manage banking relationship with Treasury, monitor and report results/savings.
- Prepare Real Estate reports for lenders.
- Assist transitions team with review and negotiations for store ownership transitions and other purchases or sales.
- Oversee casualty insurance programs (compliance, communication, and administration).
- Define and implement key performance indicators and strategic objectives for departments and, as directed, the entire organization; facilitate measurement of those objectives, reporting results to the executive team with business forecasting tools and procedures.
- Provide quality, accurate financial analysis for business plans for new service operations markets, including, but not limited to, loan terms, cost of capital, payback projections, ROI, and other relevant financial success indicators.
- Maintain knowledge of developments and trends in finance and administration including regulatory updates and technological advances.
- Facilitate implementation of new systems and major modifications of existing systems to reduce downtime.
- Perform other duties as required.