Head of Chemical Finance

NCS Company Overview

National Carwash Solutions (NCS) is a leading industrial products, services and technology company whose primary end-market is car wash operators. NCS provides a full suite of manufactured equipment, installation project services, aftermarket parts and services, chemicals (detergents, protectants, etc.), and software. More specifically with equipment, NCS provides tunnel equipment, IBA (In Bay Automatic), vacuums, dryers, water systems, doors, signage, arches, and related components.

NCS also sells a range of brands – on both equipment, chemicals and software today – including Armor All, Rain-X, Blue Coral, TSS, Vacu Tech, NCS, AMP, etc. The company sells primarily in N. America, operates 6 manufacturing plants across N. America, and has ~1600+ employees. The Company operates numerous Distribution Centers and has sales/HQ offices across N. America, with its primary corporate offices in Des Moines, Iowa and Dallas, TX.

NCS is currently owned by Berkshire Partners, a leading Boston-based PE firm.

Chemistry is a key Business Unit (BU) within the NCS portfolio, providing a range of chemistry SKUs to car wash operators — in practical terms, the chemicals operators use to clean cars — along with accessories such as towels and air fresheners. The Chemistry BU markets and sells its products across North America and manufactures its chemistry from a facility based in Green Bay.

The division is highly profitable and sells under several brands, including Armor All. The BU also operates a fleet of chemistry technicians who service customer sites around North America, helping ensure chemicals are delivered and dispensed appropriately. Larger customers typically have multi-year contracts, and some are sold on a consigned-inventory Cost-Per-Car basis (“CPC”), while most customers purchase on a by-barrel basis, taking possession of inventory upon shipment/arrival at site.

As the Head of Chemical Finance, you will manage and oversee the preparation and review of the monthly financial close process, financial reports, corporate cash management activities, and the annual budget and monthly forecast processes for the Chemistry Business Unit. You will lead a team of accountants through the close and general accounting process, partner with the Controller to build the division's full P&L, and drive forecasting, pricing, and profitability insights that support the BU's continued growth.

They will oversee the collection and analysis of financial data with a high degree of complexity and provide financial reports for the purpose of supporting management in driving revenues, reducing costs, and increasing liquidity — assuring underlying data is accurate at all times and that the financial analysis team is a world-class organization. This is a great role that offers strong development of a finance leader getting to oversee both accounting and finance activities.

• Oversee a team of 4 accountants, directing and reviewing their work to ensure financial results and analyses are communicated accurately and on time
• Own the monthly close process and general accounting, ensuring a timely and accurate month-end close while maintaining a strong control environment
• Lead contract review for the Chemistry BU, including:
  • Customer rebate accruals
  • Contract customer revenue recognition and reviews
  • Monthly commissions
• Ensure monthly, quarterly, and annual reporting is completed accurately and on time, with proper elimination and consolidation entries
• Oversee financial statement audit and tax requests

• Forecast the division's sales outlook, and report results and insights to leadership
• Collaborate with the Controller to develop the division's cost structure and…