Director of Finance

Summary:

The Director of Finance at our manufacturing facility is a senior leadership role responsible for overseeing all financial activities, ensuring sound financial management, and providing strategic guidance to support the facility’s growth and profitability. This position requires a strong background in finance, leadership skills, and a deep understanding of the manufacturing industry, with expertise in various financial aspects including management, analysis, cash flow management, trend analysis, ROI, industry analysis, and commercial experience, high-level managerial reporting and experience in fundraising.

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Responsibilities

Financial Planning and Analysis:

  • Develop and implement financial strategies, budgets, and forecasts.
  • Conduct financial analysis to drive decision-making and optimize financial performance.
  • Monitor cash flow and liquidity to ensure operational stability.
  • Analyze trends in financial data and recommend adjustments as needed.
  • Calculate and analyze Return on Investment (ROI) for various projects.

Cash Flow Management:

  • Develop and implement strategies to manage and optimize cash flow.
  • Monitor cash flow projections and ensure the availability of funds for operational needs.
  • Identify and address cash flow gaps and liquidity risks.
  • Collaborate with parent company and finance team to streamline cash management processes.
  • Working Capital plans, needs, and strategies on an ongoing basis detailed by quarter

Cost Control and Optimization:

  • Monitor and control manufacturing costs to ensure cost-effectiveness.
  • Identify opportunities for cost reduction and process improvement.
  • Collaborate with operations teams to optimize resource allocation.

Product Costing and Pricing:

  • Establish and maintain product costing models to determine accurate product costs.
  • Collaborate with product development and sales teams to set competitive pricing strategies.
  • Analyze the impact of pricing decisions on profitability.
  • On-going profitability analysis on all projects and manufacturing contracts

Financial Management and Reporting:

  • Manage and supervise the finance department, including accounting, budgeting, and financial reporting.
  • Oversee accounts payable and receivable processes.
  • Ensure compliance with financial regulations and standards.
  • Optimize financial processes to improve efficiency and accuracy.
  • Generate profitability reports per SKU (Stock Keeping Unit).

Strategic Financial Planning:

  • Collaborate with executive leadership to formulate and execute strategic financial plans.
  • Provide financial insights to support decision-making.
  • Assess the financial impact of business initiatives and expansion plans.
  • Conduct industry analysis to identify market trends and opportunities.

Capital Allocation and Fundraising

  • Assess long-term and short-term capital requirements
  • Develop Roi analysis for all capital expenditures
  • Develop options and strategies for capital acquisition including:
  • Multiple Lending options
  • Fundraising scenarios

Supplier, Customer, and Internal Process Knowledge:

  • Gain in-depth knowledge of suppliers, customers, and internal processes to identify areas for improvement.
  • Collaborate with various departments to streamline and optimize internal processes.

Collaboration with Parent Company:

  • Work closely with the parent company’s finance team to align financial strategies and reporting.
  • Ensure effective communication and collaboration between the facility and the parent company.

Budgeting and Financial Modeling:

  • Analyze budgets and track financial performance against targets.
  • Create and maintain financial models to support forecasting and decision-making.

Financial Transactions and Credit Management:

  • Manage third-party transactions
  • Maintain operating credit and manage credit risk effectively.

M&A Analysis:

  • Participate in mergers and acquisitions (M&A) analysis and due diligence processes.
  • Assess the financial impact and risks associated with potential acquisitions.
  • Develop working capital and traditional capital allocation options and plans for all M&A options

Commercial Experience:

  • Leverage commercial acumen to support negotiations and strategic partnerships.

Experience / Education

  • Bachelor’s degree in Finance, Accounting, or related field; MBA or CPA preferred.
  • Proven experience in finance leadership roles, ideally within a manufacturing environment.
  • Strong financial analysis, budgeting, forecasting, costing, and pricing skills.
  • In-depth knowledge of financial regulations and compliance.
  • Excellent communication and interpersonal skills.
  • Strategic thinking and problem-solving abilities.
  • Proficiency in financial software and ERP systems.
  • Strong leadership and team management skills.

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