Vice President Finance

Company Description

Red Toolbox is an innovative company dedicated to combining learning and meaningful connections through engaging DIY activities for parents and children. The company specializes in creating a range of carpentry tools designed for children's hands and skill levels, along with interactive carpentry kits. Red Toolbox aims to strengthen family bonds by offering educational and enjoyable projects that foster creativity and practical skills. The company's unique products, including an adjustable workbench for comfort and organization, are designed to make learning and working together both fun and rewarding. The company is located in Hod HaSharon, Israel.

Reports to: CEO

Executive Management: Member of the senior leadership team

• Full responsibility for the accounting and financial reporting functions of the company, including subsidiaries in the U.S. and Europe.
• Preparation of periodic and annual financial statements in accordance with legal requirements and tax authorities.
• Oversight of collections, customer credit terms, and management of legal collection actions when necessary.
• Managing payments to suppliers in accordance with cash flow and contractual terms.
• Responsibility for payroll, employee onboarding and offboarding, and employee rights.
• Handling of transfer pricing matters.

• Managing the company’s cash flow and presenting ongoing forecasts to management.
• Establishing and managing financing frameworks with banks, credit companies, and other financial institutions.
• Cost planning and control across the company’s product portfolio.
• Building annual and monthly budgets, tracking performance vs. plan, and presenting variances.
• Developing tools for budget control prior to committing to expenditures.

• Generating and analyzing P&L reports by profit centers (customers/brands).
• Developing and implementing business KPIs to measure company performance.
• Conducting profitability analyses by category, brand, and customer.
• Presenting internal and external financial forecasts to management and stakeholders.

• Ensuring full compliance with all tax reporting obligations.
• Monitoring regulatory changes and implementing required adjustments within the company.
• Coordinating activities with external auditors, legal advisors, and tax experts.

• Managing the company’s insurance portfolio, including renewals and claims.
• Responsibility for working with legal counsel and supporting major contractual negotiations.
• Oversight and guidance regarding supplier and customer contracts, including establishing uniform contract standards.

• Initiating and continuously improving financial and business processes to enhance efficiency and profitability.
• Managing ERP vendors and financial digital tools.
• Providing financial insights and analytical support for strategic decision-making.

• Identifying and managing financial and operational risks.
• Developing response plans for economic crises, supply chain disruptions, or market volatility.

• Accuracy and adherence to deadlines in financial and budget reporting.
• Meeting cash flow and financing targets.
• Transparency and reliability of financial data presented to management and ownership.
• Implementation and continuous improvement of financial controls and systems.
• Maintaining financial stability and supporting business growth.

• Native-level English — mandatory.
• Experience with SAP Business One and Shikulit — strong advantage.