Director of Finance

  • Fayetteville, AR
  • industrial

Position: Director of Finance


Classification: Exempt


Reports to: Owner/President




The Director of Finance directs and participates in the organization’s accounting and finance operations based upon the overall strategic objectives of Daugherty & Daugherty Investments and its subsidiaries. Directs all accounting procedures as well as the association’s relationship with lending institutions, shareholders, and CPA firm. As a member of the senior management team the Director of Finance communicate successes as well as areas for improvement, in an effective manner and is responsible for activities related to finance, treasury, financial planning and analysis, financial management, regulatory reporting, and taxes.


Essential Duties and Responsibilities:


1. Budgeting, audit, tax, accounting, information systems, real estate activities for the organization and its subsidiaries.


2. Directs all accounting procedures and systems necessary to maintain proper records and to afford adequate accounting controls and services.


3. Appraises the organization’s financial position and issues periodic financial and operating reports.


4. Responsible for the collection procedures for Accounts Receivable for Daugherty & Daugherty Investments and its subsidiaries.


5. Directs and coordinates the establishment of budget programs.


6. Oversees the strategic plan and integrates the strategic goals into the budgeting process.


7. Analyzes, consolidates, and directs all price accounting procedures together with other statistical and routine reports.


8. Analyzes studies of general economic, business and financial conditions and their impact on the organization’s policies and procedures.


9. Prepares reports for regulatory agencies as necessary and required.

10. Oversees the annual audit of Daugherty & Daugherty Investments and its subsidiaries.


11. Reviews and recommends investment policies and implements them based on approval of the President and CEO.


12. Prepares all financial reports for the annual report.


13. Processes weekly payroll and all federal and state taxes, garnishments, and employer contributions. File monthly and quarterly state and federal taxes, as well as year-end W-2 and 1095-C.




1. Accounts Payable – specializes in reviewing and verifying invoices to ensure accuracy. Leads all aspects of Accounts Payable including, but not limited to, processing invoices into financial systems, scheduling and processing payments to suppliers and creditors, and preparing reports according to established policies as required.


2. Accounts Receivable – specializes in updating and summarizing receivables. Leads all aspects of the Accounts Receivable function including payment reconciliation, processing deposits, bank reconciliation, and collections.


3. Payroll and Billing – oversees the payroll and billing operations to maximize effectiveness and accuracy. Audits the accuracy of payroll and billing information entered in the system and monitors the operation of the systems. Develops solutions to payroll and billing issues and works with systems design to implement new features.


4. Revenue Recognition – implementation of controls and evaluation of actions required for compliance with the company’s revenue recognition accounting process, including the bookings and billings process. Performs regular and special analysis (such as reviews of organizational billing practices) to ensure invoice accuracy and proper revenue recognition. Analyzes third party payments and verifies compliance with contractual terms, fee schedules, or other formal agreements. Completes all required month-end close activities including revenue reconciliation and management reporting. May work with legal and sales personnel in reviewing revenue contracts to ensure adherence to company policies and resolves any revenue issues. Follows control procedures and interacts with other areas in the business to ensure compliance with company policy and proper revenue recording.


5. Credit and Collections – resolution and management of outstanding invoices and delinquent accounts. Works directly with Business Development Managers to negotiate payment terms consistent with company practices. Interacts with sales support, customer service, and accounts receivable in reconciling accounts. Serves as the escalation point for customer payment disputes and makes recommendations for write-offs, account adjustments and reconciliation. Audits and analyzes aging reports, tracking collection efforts and may initiate outside collection approach for unresolved delinquent accounts.





To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


1. Experience in budgeting, receivables, payables, payroll, and the analysis of key financial/accounting data is essential.


2. Ability to communicate effectively with all levels of the organization including stakeholders, senior management team, and C-Suite.


3. Ability to read and interpret documents such as financial audits, monthly financial statements and management reports.


4. Ability to write detailed reports and correspondence.


5. Proficiency with accounting software programs and integrated systems.


6. Self-starter with high level of initiative, accountability, and work ethic.


7. Experience in analyzing financial reports.


8. Strong technical bookkeeping skills. Experience with Quickbooks is a plus.


Education and Experience:


1. Minimum of a bachelor’s degree in accounting/finance and five years of experience with increasing responsibilities. Certified Public Accountant and/or Certified Management Accountant highly preferred.


2. Language Skills – ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.


3. Mathematical Skills – Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.


4. Reasoning Ability – Able to successfully define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

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1st Employment is an
Equal Opportunity Employer