Full-time CFO, WidePoint Corporation

01POSITION SUMMARY

The Chief Financial Officer (CFO) reports to and serves as the business partner to WidePoint's Chief Executive Officer (CEO). The CFO is a crucial member of the senior executive leadership team and provides leadership and strategic support to all entities to support WidePoint. The CFO is responsible for the full range of financial functions and processes for WidePoint. In addition, the CFO is a hands-on individual able to supervise staff, oversee accounting and contract management, and assist in operational tasks as needed.

02POSITION RISK DESIGNATION

• The risk designation for the position is:
• ☒ Special-Sensitive / High Risk
• This position may have the potential to cause inestimable damage to the national security.
• May require a background check resulting in eligibility for access to Sensitive Compartmented Information (SCI), Special Access Programs, or information higher than Critical-Sensitive.

03ESSENTIAL DUTIES AND RESPONSIBILITIES

• The essential functions include, but are not limited to the following:
• Strategy, Planning, and Management:
• Acts as a strategic business partner to the senior executive leadership team.
• Strategic and operational role focusing on profit maximization, growth initiatives, cost reduction, analysis, planning, and forecasting.
• Assesses and evaluates the financial performance of WidePoint regarding the long-term financial objectives and operational goals of WidePoint.
• Provides insight and recommendations in setting both short-term and long-term financial objectives of WidePoint.
• Provides strategic input and evaluation regarding potential acquisitions, mergers, and investments, including due diligence of potential investments.
• Plays an active role in defining growth and acquisition strategy.
• Identifies, acquires, and implements systems and software to provide critical financial and operational information.
• Evaluates the department and make suggestions for automating processes and increasing working efficiency.
• Communicates, engages, and interacts with the Board of Directors, CEO, and senior executive leadership team.
• Provides financial analysis, reports, and forecasts required for executive decision-making.
• Builds and develops a high-performing finance team.
• Implements policies, procedures, and processes as deemed appropriate by the senior executive leadership team.
• Financial Analysis, Budgeting, and Forecasting:
• Oversees and coordinates the financial planning, forecasting, and budgeting process.
• Prepares and presents monthly financial budgeting reports, including monthly Profit and Loss (P&L) by legal entities, forecast vs. budget by legal entities, and weekly cash flow by legal entities.
• Utilizes forward-looking models and activity-based analyses to provide financial insight into WidePoint's plans and operating budgets.
• Reviews and analyzes monthly financial results and provides recommendations.
• Identifies, develops, and executes analysis of business initiatives, product launches, and new service offerings.
• Develops and maintains the monthly operating and annual company operating budget.
• Manages the financial planning and analysis department.
• Supervises the creation of reports, software implementation, and tools for budgeting and forecasting.
• Participates in regularly scheduled conference calls with lenders, vendors, and the senior executive leadership team as required.
• Accounting, General Ledger, Administration, and Operations:
• Mentors and develops a team of senior managers, managing work allocation, systems training, performance evaluations, and building an effective and efficient team dynamic.
• Guides more extensive, cross-divisional teams outside of the direct span of control within WidePoint's principal subsidiaries.
• Managing all accounting functions including, but not limited to, general ledger, payroll, accounts payable, accounts receivable, and billing.
• Oversees the preparation and communication of weekly, monthly, quarterly, and annual financial statements.
• Oversees the preparation and timely filing of all local, state, and federal tax returns and reporting.
• Oversees all month-end closing activities, including general ledger accounts, balance sheet accounts, and overhead cost allocation; constantly reviewing procedures while eliminating inefficiencies.
• Implement and enhance financial and accounting systems, processes, tools, and control systems.
• Serves as a critical point of contact for external auditors.
• Manages the preparation and support of all external audits.
• Owns and directs the timely completion of quarterly financial statement reviews and the annual independent financial statement audit, including audit planning, schedules, supporting documentation, reconciliations, management representations, resolution of auditor requests and findings, and delivery of final reviewed or audited financial statements.
• Coordinates directly with the independent registered public accounting firm, Audit Committee, Controller, and finance staff to complete quarterly reviews and the annual audit in accordance with applicable PCAOB standards, U.S. GAAP, and SEC reporting deadlines.
• Oversees the preparation, testing, remediation, and documentation of internal control over financial reporting and disclosure controls, including applicable Sarbanes-Oxley Sections 302 and 404 requirements and external auditor attestation, when required.
• Prepares Proxy and related shareholder materials and coordinate annual meeting logistics.
• Issues equity compensation in coordination with CEO and Compensation Committee.
• Financial Management:
• Manages cash flow planning process and ensures funds availability.
• Oversees cash, investments, and asset management area.
• Maintains outstanding banking relationships and strategic alliances with vendors and business partners.
• Engages senior executive leadership team and board of directors to develop short-term and long-term plans, projections, and budgets.
• Maintains WidePoint's financial structure and coordinating WidePoint's relationships and covenants with financial institutions, suppliers, and government agencies.
• Reviews and ensures the application of appropriate internal controls, Sarbanes-Oxley (SOX) compliance, and financial procedures.
• Ensures timeliness and accuracy of a public company's financial and management reporting data for compliance with federal agencies, investors, and board of directors.
• Has executive accountability for preparing, reviewing, certifying (as applicable), and ensuring accurate and timely filing of all required SEC reports and disclosures through EDGAR, including Forms 10-K, 10-Q, and 8-K; proxy statements (Schedule 14A); registration statements and amendments; and other filings applicable to WidePoint.
• Manages the SEC reporting calendar, disclosure committee process, financial statement footnotes, Management's Discussion and Analysis (MD&A), earnings releases, XBRL/Inline XBRL tagging, and coordination with legal counsel, auditors, the CEO, and the Board/Audit Committee.
• Ensures compliance with the filing deadlines and disclosure requirements applicable to WidePoint's SEC filer classification, including accelerated filer requirements when applicable; monitors filer-status changes and related deadlines and extension procedures.
• Oversees CEO/CFO certifications, disclosure controls and procedures, evaluation of material events requiring Form 8-K, and timely escalation of potential disclosure issues. Coordinates with legal counsel to ensure compliance with other applicable SEC and stock exchange reporting obligations.
• Ensures SOX compliance regarding all financial functions.
• Works with Human Resources (HR) to ensure appropriate legal compliance.
• Represents WidePoint to banks, financial partners, institutions, investors, public auditors, and officials.

04MINIMUM QUALIFICATIONS (KNOWLEDGE, SKILLS, AND ABILITIES)

• The minimum qualifications include:
• Bachelor's Degree in Accounting or Finance, a Master's in Business Administration (MBA) from a top-tier business school is highly desirable.
• A Certified Public Accountant (CPA) is highly desirable.
• Background in Big 4 Public Accounting is desirable.
• CFO experience in a publicly traded corporation is highly desirable.
• A minimum of ten (10) years of senior management experience leading a financial organization and government contracting experience is preferred.
• Technical and comprehensive knowledge of all finance, financial planning, accounting, and tax areas of a business, including an excellent understanding of:
• Generally Accepted Accounting Principles (GAAP)
• International Financial Reporting Standards (IFRS)
• SOX compliance for a public company that is an accelerated filer
• Securities and Exchange Commission (SEC) reporting
• Demonstrated hands-on experience leading SEC periodic and current reporting, including Forms 10-K, 10-Q, and 8-K; proxy-related financial disclosures; EDGAR and Inline XBRL; and accelerated-filer deadlines, where applicable.
• "Hands-On" enterprise resource planning (ERP) systems experience and demonstrated track record in implementing business systems and processes is preferred.
• Strong knowledge in account reconciliation, accounts payable, accounts receivable, and payroll processes.
• Excellent computer skills and proficiency with Microsoft Office Suite or related software.
• Executive presence, natural leadership skills and ability, motivated and driven with dynamic, clear communication and presentation skills.
• Demonstrated leadership ability, confidence, and executive presence.
• Demonstrated ability to motivate staff and yet is humble enough to work efficiently at every level, encouraging staff, mentoring managers, and developing leaders.
• Must have significant experience and excellent analytical skills in organization and planning.
• Demonstrated ability to do hands-on work and problem solving with strong attention to detail.
• Excellent experience working with external auditors, internal controls, and compliance-related issues and direct and coordinate WidePoint's annual year-end audit with the independent auditors.

05SUPERVISORY RESPONSIBILITIES

• Works with Human Resources to recruit, interview, hire, and train new employees.
• Oversees the daily workflow of the department.
• Provides constructive and timely performance evaluations.
• Handles discipline and termination of employees following company policy.

06PHYSICAL DEMANDS AND WORK ENVIRONMENT

The physical demands described below are representative of those generally associated with performing the essential functions of this position. Reasonable accommodation will be provided to qualified individuals with disabilities in accordance with applicable law.

• Ability to perform work involving extended periods of computer use, participation in meetings, and routine office activities.
• Occasional movement within an office environment and travel to business meetings, as required.