CFO (Automotive)

The CFO (Automotive) at Career Renew will oversee all financial operations of a leading automotive dealership group, ensuring alignment between financial strategies and operational goals. You'll collaborate closely with ownership and department heads to implement cost-saving initiatives, mentor accounting teams, and manage relationships with external partners to guarantee compliance and enhance financial performance.

To be a strong candidate for the CFO (Automotive) role at Career Renew, applicants should hold a Bachelor’s degree in Accounting, Finance, or Business Management, with a CPA being highly preferred. Additionally, having over 10 years of experience as a CFO or Controller in an automotive dealership or multi-location environment is crucial, along with a solid understanding of automotive Dealer Management Systems.

Essential skills for the CFO (Automotive) position include advanced proficiency in financial data systems, particularly automotive Dealer Management Systems, strong leadership and communication abilities, and expertise in interpreting complex financial reports and negotiating contracts. This role also requires a keen understanding of compliance related to federal and state regulations.

Career Renew values the growth of its executives, providing opportunities for continuous learning and professional development for their CFOs. By fostering a mentorship culture, the organization empowers CFOs to share insights and best practices within the industry while implementing innovative financial strategies.

A CFO (Automotive) at Career Renew can expect competitive compensation paired with a comprehensive benefits package, which includes health, dental, and vision insurance, 401(k) contributions, paid time off, holiday pay, as well as employee discounts to enhance your overall employment experience.

A strong answer would include specific examples of your previous leadership roles, financial management experience, and any relevant achievements in the automotive sector. Highlight your familiarity with dealership operations, financial reporting, and team leadership.

Discuss your methodology in analyzing financial performance, understanding regional market dynamics, and creating budget plans that align with each dealership's goals while also benefiting the overall group.

Share examples of successful initiatives you've led that resulted in enhanced financial efficiency, such as streamlining accounting processes or renegotiating vendor contracts to achieve cost reductions.

Explain your experience with maintaining rigorous compliance protocols, working closely with legal and compliance teams, and how you stay updated on relevant laws affecting the automotive sector.

Detail your familiarity with specific systems like Reynolds & Reynolds or Tekkion, focusing on how you've utilized these platforms to improve financial reporting and operational efficiencies.

Describe your leadership style and how you encourage teamwork and communication within accounting teams. Mention specific tools or practices you've implemented to create a collaborative culture.

Identify key performance indicators such as gross profit margins, inventory turnover rates, and operating expenses, explaining how you track and utilize these metrics in decision-making.

Frame your answer around diplomacy and communication, explaining how you would listen to concerns, present data-driven arguments, and seek to reach a mutually beneficial conclusion.

Discuss how technology enhances your ability to gather data, generate reports, and make informed financial decisions, while also mentioning any relevant tools you have used.

Reflect on how your passion for driving financial excellence, mentoring teams, and contributing to the strategic growth of an organization motivates you to excel in the role of CFO.