Industrial Finance Director

Job Description

POSITION TITLE: Finance Director, Industrial

....NOTE... This position is in VIRGINIA, USA

POSITION SUMMARY:

This position serves as the finance leader on the Industrial business and is responsible for directing all plant accounting and finance, G/L back-office activities and commercial and operations business decision support initiatives. The role will have a heavy emphasis on manufacturing operation finance, including standard cost development. The role will also need to analyze customer and product line profitability and make the necessary recommendations to enhance profitability. The role is expected to support strategic projects to enhance profitability and grow the business.

This role will be a member of the Leadership Team and will be a key business partner to the Industrial General Manager, Plant Operations, Sales, Marketing and Supply Chain areas. The incumbent should possess excellent influencing, communication and analytical skills to support the team in meeting its business goals. The position will supervise a team of colleagues.

ESSENTIAL FUNCTIONS/SKILLS:

The essential functions of the position include, but are not limited to: Provide decision support and analysis on key strategic projects focused on improving the profitability of the business and growing revenues. Support efforts to make decisions on pricing, launching new products or entering new channels of distribution. Develop process to understand product and customer profitability. Make the necessary recommendations to improve financial performance and educate the broader team on making better financial decisions. Develop monthly forecasts and analyzes period costs and manufacturing variances and identifies trends and potential risks and opportunities to the operation. Recommends financial and operational metrics that will support the achievement of business goals. Provide the business insight and analysis on financial performance and discern impact on future performance. Identify risks and opportunities on the business. Responsible for directing the accounting, finance back-office (Accts. Receivable, Accts. Payable). Directing the design and implementation of standard costs, inter-company prices and annual strategic and operating plans. Exercises supervision over cost accounting, inventory, fixed assets, CIP, accruals, and inter-company account reconciliations and analysis and all balance sheet accounts. Ensures that all aspects of plant financial/accounting operations are consistent with U.S. GAAP. Insures accounting practices and procedures issued by Corporate are in compliance.. Adhere to all corporate deadlines for forecasting and financial reporting. Prepare Capital Plan and provide quarterly updates. Coordinates the Industrial SOX reporting requirements and annual reviews and audits as required. Lead and direct special projects as required.



EDUCATION AND EXPERIENCE: B.S. Degree in Accounting/Finance MBA/CPA Preferred Minimum seven to ten (7 - 10) years’ experience in Accounting or Finance with at least 3 years in a manufacturing finance environment Previous experience supervising and developing a team Experience in manufacturing a must and in standard cost development Experience in international operations a plus Ability to balance multiple projects, setting priorities with the proper sense of urgency & importance. Independent, self-starter, with strong ability to lead projects from beginning to end. Solid analytical, communication, presentation and problem solving skills. Systems experience with QAD and SAP preferred
 



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