Group VP Finance: Bethel, CT

The role of Group Vice President (VP) of Finance in Bethel, Connecticut, carries significant responsibility, shaping the financial health and strategic direction of the organization. While the specifics depend on the industry and company size, the core functions generally involve overseeing all aspects of financial planning, analysis, and reporting.

A Group VP Finance in Bethel, CT, acts as a crucial link between the executive leadership team and the finance department. They translate high-level strategic goals into actionable financial plans and ensure alignment across various business units. This requires a deep understanding of the local Bethel market dynamics, as well as broader economic trends that impact the company’s performance.

Key responsibilities typically include:

• Financial Planning & Analysis (FP&A): Developing and managing the annual budget, forecasting future financial performance, and identifying key performance indicators (KPIs). This involves collaborating with department heads to understand their resource needs and ensuring responsible allocation of funds. The VP also analyzes variances between actual results and forecasts, providing insights to improve accuracy and efficiency.
• Accounting & Reporting: Overseeing the accounting functions, ensuring accurate and timely financial reporting in compliance with relevant regulations. This includes managing month-end and year-end closing processes, preparing financial statements, and coordinating audits. Staying abreast of changes in accounting standards is essential.
• Treasury Management: Managing the company’s cash flow, investments, and debt. This involves optimizing working capital, mitigating financial risks, and ensuring adequate liquidity to meet operational needs. The VP may also be involved in fundraising activities, such as securing loans or issuing bonds.
• Strategic Decision Support: Providing financial insights and analysis to support strategic decision-making. This includes evaluating potential acquisitions, investments, and new product launches, as well as identifying opportunities to improve profitability and efficiency. The VP plays a key role in developing business cases and financial models to assess the viability of various strategic initiatives.
• Team Leadership & Development: Leading and mentoring a team of finance professionals, fostering a culture of collaboration, accountability, and continuous improvement. This involves providing coaching, training, and development opportunities to help team members reach their full potential. Succession planning is also an important aspect of this role.
• Compliance & Risk Management: Ensuring compliance with all relevant financial regulations and implementing effective risk management controls. This includes identifying and mitigating financial risks, such as credit risk, market risk, and operational risk. The VP works closely with legal and compliance teams to ensure adherence to ethical standards and regulatory requirements.

Success in this role requires a strong understanding of financial principles, excellent analytical skills, exceptional communication abilities, and proven leadership experience. The Group VP Finance in Bethel, CT, must be a strategic thinker, a problem solver, and a trusted advisor to the executive team. The ability to navigate the unique business landscape of Bethel and Connecticut is also an important asset.