Torch Technologies, Inc. · 2 weeks ago
Deputy Chief Financial Officer
Torch Technologies is a 100% employee-owned company providing research, development, and engineering services to the Federal Government and Department of Defense. The Deputy Chief Financial Officer will lead financial and fiscal management aspects, overseeing budgeting, pricing, and compliance while managing financial statements and government contracts.
AerospaceAutomotiveComputerElectronicsInformation TechnologyNational SecurityRoboticsSoftware
Responsibilities
Create, coordinate, and evaluate the financial programs and supporting information systems of the company to include budgeting, project planning, tax planning, pricing and conservation of assets
Ensure compliance with local, state, and federal budgetary reporting requirements
Oversee the processing of revenue, expenditure, and internal control documents, department budgets, mass salary updates, ledger, and account maintenance and data entry
Coordinate the preparation of financial statements, financial reports, special analyses, and information reports, to include bank covenant reporting and all external financial reporting
Direct financial management of all government contract types (CPFF, FFP, LOE, T&M and mixed contract types) in a prime contracting environment
Oversee the Holding company environment with the management of multiple entities and a diverse portfolio of industries and ability to complete financial consolidations of legal entities required
Lead Mergers and Acquisitions (due diligence, financial integration and departmental integration plans and execution)
Partner with Board of Directors with the development of financial briefs
Develop and implement finance, accounting and billing procedures
Maintain appropriate internal control safeguards
Interact with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations
Ensure records systems are maintained in accordance with generally accepted accounting standards
Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems
Analyze cash flow, cost controls, and expenses to guide business leaders
Analyze financial statements to pinpoint potential weak areas
Establish and implement short- and long-range departmental goals, objectives, and operating procedures
Serve on planning committees
Recruit, train, supervise, and evaluate department staff
Manage the relationship with banking, insurance, and other financial service providers
Oversee and manage Employee Stock Ownership Plans
Qualification
Required
U.S. Citizenship
Bachelor's degree or higher in Accounting is required
Ideal candidate will have at least 15 years of progressive experience in a government contractor environment; extensive experience is required
Ability to obtain and maintain a DoD Clearance
Candidate must be honest, trustworthy, level-headed, demonstrate great interpersonal communication skills and have a cooperative, collaborative management style
The ideal candidate will be knowledgeable about general ledger, timekeeping, payroll, invoicing, A/P, A/R / treasury, cost reporting, pricing, indirect rates and pool management, bank relationships and banking facilities, insurance, retirement plan reporting, budgeting – financial and job cost, travel, account reconciliations, policies and procedure development, financial statement preparation, audit (DCAA and CPA), income tax package development, familiar with other taxes and licensing requirements, staff training and supervision
Full understanding of DCAA, GSA and customer interactions is required
Deltek (Costpoint) experience is required
Must have experience in strategic planning and execution, strong knowledge of contracting, negotiating, pricing, indirect rate and rate development, change management, finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles
Proven experience with financial data analysis and preparation of financial reports, statements, and projections
Work requires professional written and verbal communication and interpersonal skills
Experience working in a collaborative team environment of cross functional teams required
Ability to lead, mentor and train a professional team
Preferred
CPA is preferred
Benefits
ESOP participation
401(k) match and safe-harbor contribution
Medical
Dental
Vision
Life insurance
Short-term disability
Long-term disability
Flexible spending accounts
Health Saving Accounts and Health Reimbursement Accounts
EAP
Education assistance
Paid time off
Holidays
Company
Torch Technologies, Inc.
Founded in October 2002, Torch is a 100% employee-owned business headquartered in Huntsville, Alabama.
Funding
Current Stage
Late StageTotal Funding
$15.16M2012-02-09Seed· $3.01M
2011-12-31Debt Financing· $12.15M
Leadership Team
Recent News
2025-12-02
Birmingham Business Journal
2025-01-08
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