Job Description

Job description

Job Title: Director of Finance

Reports to: Sven Hansen, CFO

FLSA Status: Salary – Exempt

Summary

We are seeking a highly skilled and results-driven Director of Finance to join our leadership team. This strategic role will oversee various aspects of the finance department, ensuring the efficient management of cash forecasting, customer collections, supplier payments, month-end and year-end close processes, budgeting, fixed asset accounting, and more. The Director of Finance will work closely with the executive management team, providing leadership and support for the financial operations and reporting of the organization.

Key Responsibilities:

Financial Reporting and Control

• Oversee the production of monthly departmental budgets, accounts and related reports.
• Own the financial reporting elements of the company MRP system and develop reporting structures to support the company.
• Ensure financial control and reporting on a day-to-day basis, including month-end and year-end close procedures.
• Manage cash forecasting and ensure timely customer collections and supplier payments.
• Direct and support balance sheet reconciliations and fixed asset accounting.
• Take overall control of the company’s accounting function.

Financial Policies and Forecasts

• Develop and own the company’s finance policies and forecasts.
• Ensure corporate budgeting processes are carried out and reviewed, including preparing budgets (pro forma financial statements, Capital Expenditures Budget, and departmental spending allowances).
• Take ultimate responsibility for the company cash management policies.

Risk Management and Compliance

• Seek out and implement methods for minimizing financial risk to the business.
• Ensure that company financial systems are robust, compliant, and support current activities and future growth.
• Ensure that the regulatory requirements of all statutory bodies are met.
• Manage and prepare reporting, alongside performing liaison duties with banking relationships, audits, taxes, insurance, registrations, licensing, and disputes.
• Manage company policies regarding capital requirements, debt, taxation, equity, disposals, and acquisitions, as appropriate.

Budgeting and Cost Control

• Collaborate with internal stakeholders to create and track budgets.
• Work closely with heads of departments to track costs and eliminate waste.
• Design and implement a framework for cost analysis, including preparing work center rates for standard manufacturing overhead.

Grants and Commercial Reviews

• Research and advise the business on relevant grants, including R&D.
• Undertake regular commercial reviews to ensure profitability.

Financial Projects and Improvements

• Develop and lead financial improvement projects.
• Lead support for the plantwide management team, create incentive programs, and help the team with cost savings and KPI analysis.
• Support the program management team with new product launches and customer pricing.
• Support the purchasing function with purchase order approval and accuracy.

Leadership and Strategy

• Form a close working relationship with the Shareholders, other Senior Executives, and Non-Executives.
• Contribute fully to the development of company strategy across all areas of the business, challenging assumptions and decision-making as appropriate, and providing financial analysis and guidance on all activities, plans, targets, and business drivers.
• Work with senior teams to grow the business, formulating strategies and plans.
• Establish a high level of credibility and manage strong working relationships with external parties including customers, suppliers, and other partners.

Team Leadership and Support

• Train, direct, and support the finance and accounting personnel.

Qualifications:

• Bachelor’s degree in Finance, Accounting, or related field (Master’s preferred).
• CPA required, CMA and/or CFA preferred
• Proven experience in a senior financial role within a manufacturing environment.
• Minimum of 10 years of progressive experience in finance or accounting, with at least 5 years in a leadership role.
• Strong knowledge of financial reporting, cash management, budgeting, and accounting principles.
• Experience in overseeing month-end and year-end close procedures and managing fixed asset accounting.
• Proven ability to work effectively with executive management and cross-functional teams.
• Strong analytical, problem-solving, and communication skills.
• Advanced proficiency in Microsoft Excel; familiarity with financial software and ERP systems.
• Ability to manage multiple priorities in a fast-paced environment.

Supervisory Responsibilities

• Directly supervise 2 to 4 employees in finance and accounting.
• Fulfills supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Interviewing, hiring, and training and supporting employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Key Competencies:

• Leadership and Team Management
• Strategic Financial Planning
• Process Improvement
• Strong Attention to Detail
• Cross-functional Collaboration
• Analytical Thinking
• Results-Oriented

Job Type:

•  Full- time

Benefits:

• Competitive salary.
• Comprehensive benefits package.
• Opportunity for career growth in a dynamic company.
• Collaborative and supportive work environment.

If you are a seasoned finance leader with a strong background in financial management, operations, and team leadership, we encourage you to apply for this exciting opportunity.

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