Finance Director

Hunger Mountain Co-op
Community Owned Since 1972

About the company:

Hunger Mountain Co-op in Montpelier, VT, has been in operation since 1960 and continues to grow its healthy impact on the Central Vermont communities – helping customers eat better, strengthening local agriculture, and supporting the community’s development. With over 10,000 members, 400 local vendors, and 180+ employees, Hunger Mountain Co-op is committed to fulfilling its mission to act as a community and environmental steward providing sustainably produced and nutritious products year-round.

Position Summary:

The Finance Director is a key member of the Co-op’s senior management team and is responsible for managing the Co-op’s finances and accounting and providing financial information, projections, and analysis to the Council and management team. This role oversees the preparation of business plans and budget; establishes and manages internal controls and reporting procedures in support of the Co-op’s objectives and protect its assets. The Finance Director will oversee and direct an accounting team of four people.

Key Duties and Responsibilities:

  • Provide key fiscal management and planning information needed to make sound business decisions.
  • Oversee the issuance of timely, accurate quarterly financial statements and analysis for the Council, lenders, affiliates, and management team that includes Balance Sheet, Statements of Income, Cash flows, departmental margins, and operating P&L.
  • Monitor performance compared to plan and work with department managers to improve performance.
  • Provide weekly, monthly, quarterly sales, and variance reports for managers and buyers.
  • Direct the preparation of the annual operating and capital expenditure budget process.
  • Build a model for annual rolling three-year financial statement pro forma, including balance sheet and cash flows.
  • Ensure that all quarterly/yearly taxes are filed and paid when due.
  • Prepare and manage cash flow analysis to maintain appropriate levels of liquidity.
  • Seek out, negotiate, and recommend favorable financing options for the Co-op operations.
  • Manage the Co-op’s cash within the investment policy guidelines set by the Council to maximize interest revenue.
  • Function as a liaison with financial institutions and ensure timely and accurate reporting of the required information.
  • Supervise and provide direction to Accounting/Payroll Supervisor, Accounts Payable Clerk(s), Payroll Coordinator, Bookkeeper and Depositor.

Desired Skills and Qualifications:

  • Minimum of 5 years’ experience and a bachelor’s degree in Business, Accounting or related field required, and working knowledge of GAAP; MBA and or CPA preferred.
  • Ability to interpret financial reports for not-accounting staff.
  • Experience in developing financial projections and budget models.
  • Negotiating experience, excellent communication skills – verbal and written.
  • Strong supervisory skills and an ability to cultivate a supportive and collaborative work environment.
  • Computer literate and experience with Acumatica ERC software; strong Microsoft Excel skills, and knowledge of Microsoft 365 required.
  • Demonstrated ability to follow through on commitments and to maintain strict confidentiality.
  • Ability to work a flexible schedule based on business needs while following attendance policies.