Director of Finance

Iselin, NJ, United States

Are you a visionary finance leader, skilled in driving financial strategy, growth, and efficiency within a dynamic legal organization?

Do you possess the strategic insight and financial acumen to optimize financial operations, ensuring robust financial health and substantial revenue growth?

Can you navigate the intricate dynamics of a law firm, orchestrating the synergy between financial planning, budgeting, and reporting to align with our firm's goals?

Is your approach to finance underpinned by a blend of strategic thinking and meticulous attention to detail?

Final question: When faced with a challenge, do you get excited or run away?

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At Lucosky Brookman LLP, we are a distinguished corporate law firm with headquarters in New Jersey. Our firm specializes in Corporate and Securities, Litigation, and Insurance Defense, among other practice areas, serving clients across various industries with unparalleled expertise and dedication. We pride ourselves on delivering sophisticated legal solutions and maintaining long-standing client relationships built on trust and excellence.

Our firm is recognized for its innovative legal strategies and a track record of successful transactions, representing clients in a broad range of complex legal matters. We are committed to providing our clients with exceptional service, backed by a team of seasoned professionals who are leaders in their respective fields. At Lucosky Brookman LLP, we foster a collaborative and inclusive work environment, encouraging professional growth and community engagement.

To continue our growth trajectory and enhance our financial operations, we are seeking a Director of Finance. This role is crucial for establishing a robust financial foundation, optimizing our financial processes, and driving strategic financial initiatives. The Director of Finance will play a key role in guiding our firm towards achieving its ambitious revenue targets and ensuring long-term financial health.

As the Director of Finance, you will play a crucial role in shaping the financial future of our firm. You will be responsible for driving financial strategy, managing financial operations, and ensuring compliance with regulatory requirements. Your leadership will be vital in achieving our ambitious growth targets and optimizing our financial processes.

What You'll Do:

Drive Revenue Growth: Develop and implement comprehensive financial strategies aligned with the firm's goals. Lead financial planning, budgeting, and forecasting processes. Identify and implement strategies to increase revenue, optimize key financial metrics, and achieve significant revenue growth targets. The firm is currently at eight figures, and the goal is to triple the revenue.

Build the Firm's Financial System: Develop the firm's financial system from the ground up, including creating workflows, establishing goals, and developing a comprehensive budgeting system.

Develop KPIs and Metrics: Implement and maintain effective KPIs and metrics to measure financial performance. This includes developing financial KPIs for revenue-generating roles and billing for roles.

Create Tracking and Reporting Systems: Establish robust audit systems for tracking, reporting, measuring, and analyzing both finances and team performance. Ensure monthly reporting of performance-based compensation for all roles in the company to highlight performance metrics.

Analyze Financial Impact: Analyze each role's financial impact, determining the cost of each team member, including insurance, rent, salary, and any other resources. Assess the cost-benefit of each practice area.

Forecasting Revenue and Cash Flow: Develop and implement a system for predicting revenue, ensuring accurate forecasting for both contingency and billable hours-based revenue. Establish robust cash flow management processes and tracking.

Implement New CRM System: Evaluate the current use of Salesforce and, if necessary, recommend a new CRM system that is more user-friendly and efficient. Oversee the implementation of the new CRM system to ensure it meets the firm's needs and enhances overall operational efficiency.

Oversee Financial Operations: Oversee daily financial operations, including bookkeeping, invoicing, and reporting. Ensure accurate and timely preparation of financial statements, including balance sheets, income statements, and cash flow statements. Implement robust cash flow management processes and tracking.

Lead the Finance Team: Manage and mentor the finance team, including outsourced bookkeepers and on-site staff. Foster a collaborative work environment and drive performance through effective leadership.

Ensure Regulatory Compliance: Ensure compliance with financial regulations. Lead successful financial audits and maintain compliance with federal, state, and local financial laws.

Leverage Technology and Innovation: Leverage technology and AI to drive financial growth and efficiency. Recommend and implement new financial systems and tools to enhance reporting and analytics.

Performance Metrics: The successful candidate will be evaluated based on their achievement of key performance indicators, which will include but not be limited to:

Annual revenue growth targets

Increase in profitability percentage

Any other KPIs that you and the leadership team plan to implement in the future to further evaluate performance and drive success in the role.

What We're Looking For:

Education: Bachelor's degree in Finance, Accounting, Business Administration, or a related field; with a preference for candidates who possess additional certifications or qualifications such as an MBA or CPA

Experience: At least 6 years in a Director level role, with a proven track record of managing eight figures revenue, preferably in high-volume sectors such as software, technology, or legal services.

Key Achievements: Demonstrated success in strategic planning, financial forecasting, implementing financial strategies, and achieving significant revenue growth targets. Strong preference for individuals who have accomplished key initiatives such as optimizing finance workflows to improve efficiency and accuracy, securing significantly higher credit lines or funding to support business expansion, implementing cost-saving initiatives that have substantially reduced operational expenses, leading successful financial audits while ensuring compliance with all regulatory requirements, etc.

Skills: Exceptional financial acumen, strategic insight, and the ability to lead a large, dynamic team. Strong leadership skills with a track record of fostering a collaborative work environment, and effectively managing change within an organization.

Technical Proficiency: Proficiency in accounting, CRM, and time management software such as QuickBooks, Salesforce, Caret, and/or similar platforms is essential.

Regulatory Knowledge: Strong knowledge of financial regulation and compliance. Expertise in ensuring the organization adheres to all relevant federal, state, and local financial laws and regulations. Experience in preparing for and leading successful financial audits. Ability to implement and maintain effective internal controls and compliance programs to safeguard the company's financial integrity.

Innovation: A leader who is adept at leveraging technology and AI to drive growth and efficiency, with experience in firm acquisitions and predictive analytics.

On-site Presence: We're seeking an individual who thrives in a collaborative, face-to-face environment and values the benefits of being present at our headquarters in New Jersey. Your physical presence will not only foster teamwork but also enhance communication and synergy within our dynamic team.

Why You Should Work Here:

Empowering Culture: Be part of a team that values growth and nurtures every member, from interns to executives.

Diverse Team: Join a team that values diversity and fosters an inclusive work environment.

Community Involvement: Engage in meaningful work that extends beyond legal representation, impacting lives through various charitable activities.

Dynamic Growth and Innovation: Experience the thrill of being part of a firm in a significant phase of growth and scaling. This period of expansion offers boundless internal opportunities, providing a platform for personal and professional development in a rapidly evolving environment.

Career Development Opportunities: Benefit from a firm committed to career advancement and skill enhancement. With our focus on internal growth, you will have access to a variety of training programs and mentorship opportunities, fostering your career progression within the firm.

Additional Perks:

Health Benefits: Medical, Dental, and Vision insurance plans are offered.

Retirement: Employees are eligible to participate in a 401(k) retirement savings plan.

Time Off Benefits: In addition to Paid Time Off (PTO) , the firm provides 11 paid holidays

Other Benefits: The firm offers Medical and Dependent Care Flexible Spending Accounts (FSAs), an employee assistance program, transportation and parking benefit, a legal assistance plan, and a discretionary annual bonus.

At Lucosky Brookman LLP, your role as Director of Finance transcends traditional job definitions; it is a pivotal opportunity to influence and shape the very heart of our financial operations. Your expertise and dedication will be the foundation upon which our financial health is built, ensuring our firm's continued success and growth. Your work is essential to our ethos, intertwining meticulous strategy with a deep commitment to financial excellence. Join us, and be a part of a journey that transcends the ordinary, where your career and passion converge to make a real difference.

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