Principal | Director Of Finance

pRINCIPAL | DIRECTOR OF Finance – Cambridge, MA

Acentech is an internationally recognized Acoustics, Vibration, AV, IT and Security consulting firm with a presence in Cambridge, MA, Philadelphia, PA, Charlottesville, VA, and Los Angeles, CA. Based in Cambridge and 100% employee owned, Acentech has provided world-class consulting services for more than 60 years, dating back to its origins at Bolt, Beranek and Newman.

Acentech is seeking a Principal level accounting professional to join our employee-owned company and become a key player in our dynamic team. As an employee-owned firm with an Employee Stock Ownership Program (ESOP), our profits go directly to our employees, giving you a personal stake in the success of the company. Our collegial, respectful, and inclusive culture creates an environment where you can thrive both personally and professionally. You will work alongside passionate colleagues who are dedicated to their work and enthusiastic about their interests in and out of the office. We value work-life balance and maintain a 40-hour workweek, with summer hours year-round that allow you to work a half day on Fridays. Our company culture is built on a foundation of mutual respect and collaboration, and we are looking for a Principal who shares our values and is eager to contribute to our continued growth and success. Join us and become part of a supportive and innovative team that values your contributions and talent!

Reporting to the President, the Principal | Director of Finance is responsible for directing the financial and accounting practices and procedures of the firm. It is anticipated that the Acentech Board of Directors will appoint this person as Treasurer. This leader plays a critical role in establishing the strategic direction and implementation of the finance function in support of business imperatives. The role is for a strategist, partnering with the President and Senior Leadership Team on development and execution of our strategic plans. You will oversee the treasury, accounting, budget, tax and audit activities of the entire organization. You will manage the financial and accounting system controls and standards and ensure timely financial and statistical reports for management, lenders and business partners who may require them. You will lead, mentor, and supervise the accounting staff, and provide financial education and training across the organization. This position is based in our Cambridge, MA headquarters; like all of Acentech, this position is hybrid (employees can choose to work in-person or remotely under most circumstances), with a flexible schedule.

Financial Management, Analysis, and Reporting

• Assist the President and BoD in establishing and implementing short and long-range goals, objectives, policies, and operating procedures, particularly as they pertain to fiscal responsibility, risk management, and financial goals.
• Benchmark the financial and operating performance of the firm against peer groups and identify opportunities for improvement.
• Coordinate firm’s financial planning, annual operating and capital budgets, and long-term financial plans consistent with company objectives.
• Perform cash flow forecasting and reporting.
• Oversee the Controller, whose duties include compliance with local, state, and federal reporting requirements and accurate and timely tax returns and related filings.
• Oversee cash management, manage the line of credit and other treasury functions.
• Work with Controller and outside CPAs on tax planning, the annual review and indirect rate audits.
• Manage financial software and data.
• Prepare monthly management reports for BoD and other reports as needed and communicate financial performance and trends to the BoD and senior Leadership throughout the year.
• Monitor and analyze monthly operating results against budget at the enterprise and project level.
• Provide oversight of accounting functions (payroll, AR/AP, collections, etc.), and oversee and maintain the high level of performance of our accounting staff.
• Recommend major economic objectives and policies for the firm.
• Work with the President and management team to develop / maintain the firm’s five-year business plans.
• Make recommendations to improve firm’s financial and project management functions.
• Work closely with the President and bank officer to manage debt financing and debt service payments.

Project Related

• Review client contracts and NDAs, including insurance requirements, billing rates, and other terms. (Or, oversee the administration of outside contracts review).
• Oversee the project accounting lifecycle.
• Provide financial training for project managers and emerging project managers.
• Assist management (Group Directors) with revenue forecasts, and project financial performance.
• Facilitate project financial review meetings.

Other / Corporate Duties

• Oversee and administer the Acentech ESOP. Liaise with outside advisors for annual valuation.
• Negotiate leases for Acentech offices.
• Coordinate with insurance provider(s) and legal counsel with respect to claims or potential claims.
• Review and advise the President on insurance coverage at the company, branch and project levels.
• Special projects as required.
• Manage the 401k Plan.
• Monitor compliance with ownership issues as set forth in Acentech’s Articles of Organization.
• Advise the President and Board of Directors on general policy matters that are governed by Acentech’s Articles of Organization.
• Maintain shareholder records, oversee purchase and sale of Acentech shares.

Requirements

Experience and Education

• Prior experience with Deltek Vantagepoint a plus but not required.
• Undergraduate degree in accounting or finance. CPA or MBA highly preferred but not required
• In-depth knowledge of finance, accounting, budgeting and FAR cost principles and Generally Accepted Accounting Principles (GAAP).
• Ten+ year’s prior experience as a controller or accounting leadership in private industry with a concentration in a professional services firm. Experience with A/E/C industries highly desired.
• Knowledge of requirements for working with government agencies and related audits.
• Familiarity working in an organization with multiple office sites preferred.
• Proven experience working with project-based accounting software, Microsoft Office suite, and related software products.
• Knowledge of federal and state financial regulations.
• Knowledge or experience of public accounting helpful.

Skills

• Demonstrates outstanding management and leadership skills.
• Motivates staff to produce quality materials within tight timeframes.
• Has professional oral and written communication skills.
• Demonstrated acumen as a strategic thinker.
• Skilled at facilitating group meetings.
• Highly skilled in analyzing data and preparing financial reports and statements accurately, in a timely manner, and in a user-friendly way for a variety of end users.
• Adept and comfortable managing several tasks simultaneously and meeting deadlines.
• Mentorship acumen and experience.
• Possesses high level of accuracy with attention to detail and follow through.
• The ability to collaborate effectively with clients, vendors, President, BoD and staff.

Acentech is an equal opportunity employer. We foster a highly collaborative environment of diverse talent, and encourage people of color, lesbian, gay, bisexual, transgender, queer and non-binary people, neurodivergent people, veterans, and individuals with disabilities to apply. If you need reasonable accommodation at any point in the application or interview process, please let us know.

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