VP – Controller

Support Center - Irving

As VP - Controller, you will be responsible for overseeing all accounting and financial reporting activities ensuring accuracy, integrity, and compliance with regulations for the organization. This role will provide maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company's reported financial results, and ensure that reported results comply with generally accepted accounting principles or international financial reporting standards. This role combines strategic leadership with technical accounting expertise, managing a team of professionals to drive financial performance, operational efficiency, and compliance across the organization. The VP will work closely with the CFO and senior leadership to develop and execute financial strategies that support the growth and objectives of the business.

Key Responsibilities

Financial Management & Reporting:

• Maintain a documented system of accounting policies and procedures.
• Oversee the preparation and presentation of monthly, quarterly, and annual financial statements.
• Ensure timely and accurate financial reporting in accordance with GAAP (Generally Accepted Accounting Principles) and other regulatory requirements.
• Prepare financial reports and analysis for executive leadership, the Board of Directors, and other key stakeholders.
• Lead budgeting, forecasting, and financial planning activities, providing insights into business performance and projections.

Internal Controls & Compliance:

• Develop and maintain effective internal controls to safeguard assets and ensure compliance with accounting standards and regulatory requirements.
• Monitor changes in financial regulations, ensuring the company’s policies and procedures align with new laws and industry standards.
• Ensure compliance with tax regulations and manage the preparation of corporate tax filings.

Team Leadership & Development:

• Manage, mentor, and develop a high-performing accounting team, ensuring alignment with the company’s goals and objectives.
• Assist with recruitment, training, and development of accounting staff to meet the evolving needs of the organization.

Financial Strategy & Analysis:

• Collaborate with the executive team to develop financial strategies that support business objectives and growth plans.
• Provide detailed financial analysis to guide decision-making, including profitability analysis, cost management, and capital expenditure decisions.
• Evaluate and recommend financial systems improvements to enhance operational efficiency and reporting accuracy.

Systems & Process Optimization:

• Lead initiatives to optimize accounting processes and systems, ensuring scalability and efficiency in financial operations.
• Drive the implementation of financial technologies and ERP systems to streamline operations and improve data integrity.
• Work with IT and other departments to ensure integration between accounting and other operational systems.

External Relations & Reporting:

• Serve as the primary liaison with external auditors, tax advisors, and other third-party stakeholders.
• Manage the annual audit process, ensuring all necessary documentation and financial records are provided.
• Ensure the organization meets all reporting requirements for external stakeholders, including regulatory agencies, investors, and creditors.

Compliance:

• Coordinate the provision of information to external auditors for the annual audit
• Monitor debt levels and compliance with debt covenants.
•  Comply with local, state, and federal government reporting requirements and tax filings.

Other duties as assigned

Minimum Education/Experience

• Bachelor’s degree in accounting, finance, or related field, or equivalent experience.
• CPA (Certified Public Accountant) required.

Minimum Type of Experience Required

• 12+ years of progressive experience in accounting and financial management.
• 8+ years in a leadership role within a retail or consumer goods environment.
• Proficiency with multiple Financial and ERP systems and cloud-based programs.
• Proficiency in financial reporting, analysis, budgeting, and forecasting.

Other

• Strong analytic, problem-solving and quantitative skills; demonstrated ability to not only deliver analysis, but to own the analytic approach and process, derive insights and make strategic business recommendations
• Proven experience managing and developing accounting teams; strong leadership and interpersonal skills, with the ability to collaborate across departments and with senior leadership.
• In-depth knowledge of GAAP, retail accounting principles, financial reporting, and internal controls. Familiarity with industry-specific financial processes and retail-specific metrics is a plus.
• Strong written and verbal communication skills, with the ability to present complex financial information to non-financial stakeholders.
• Ability to identify issues, think critically, and recommend solutions to complex accounting and financial challenges.

Preferred Education

• MBA or other advanced financial certification.

Applicants in the U.S. must satisfy federal, state, and local legal requirements of the job.

At The Michaels Companies Inc, our purpose is to fuel the joy of creativity. As the leading creative destination in North America, we operate over 1,300 stores in 49 states and Canada and online at Michaels.com and Michaels.ca. The Michaels Companies, Inc. also owns Artistree, a manufacturer of custom and specialty framing merchandise, and MakerPlace by Michaels, a dedicated handmade goods marketplace. Founded in 1973 and headquartered in Irving, Texas, Michaels is the best place for all things creative. For more information, please visit www.michaels.com

At Michaels, we prioritize the wellbeing of our teams by providing robust benefits for both full-time and part-time Team Members. Our benefits include health insurance (medical, dental, and vision), paid time off, tuition assistance, generous employee discounts, and much more. For more information, visit mikbenefits.com.

Michaels is an Equal Opportunity Employer. We are here for all Team Members and all customers to create, innovate and be better together.

Michaels is committed to the full inclusion of all qualified individuals. In keeping with this commitment, Michaels will assure that people with disabilities are provided reasonable accommodations. Accordingly, if a reasonable accommodation is required to fully participate in the job application or interview process, to perform the essential functions of the job, and/or to receive all other benefits and privileges of employment, please contact Customer Care at 1-800-642-4235 (1800-MICHAEL).

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