Director of Finance

Full-Time

Accounting and Finance

Palatine, IL

Logo

Description automatically generated

Director of Finance

A growing manufacturer is looking to add a Director of Finance to an existing and accomplished accounting and finance team. Reporting to the CFO, this hybrid position will have heavy exposure to other senior management personnel across key areas of the company including Sales, Operations and Plant Finance. This role will have a total of six direct reports which includes two Finance Managers and several Plant Controllers in addition to numerous other indirect reports at the Corporate Finance level. Key responsibilities include the following:

Position Responsibilities:

  • Participates in the development of the business units’ plans and programs by providing strategic financial input and leadership on decision-making.
  • Leads the Financial Planning & Analysis team in building cross-functional business partnerships and providing financial support to the Commercial Teams (General Management, Product Line GMs, Sales, Marketing, and R&D).
  • Consolidates the business unit forecast/plans to build a composite view of the company including profit and loss, cash flow and balance sheet impacts.
  • Defines and implements key performance indicators and strategic objectives for the region and, as appropriate, the entire organization; facilitates measurement of those objectives, reporting results to the executive team.
  • Drives Finance transformation projects and provides financial support and guidance to maximize the profitability of Company’s transformational projects and strategic growth initiatives.
  • Enhances gross margin performance and monitor product line performance and commercial expenses vs. budget/forecast to improve financial performance.
  • Drives the development of fully allocated Product Line profitability reports.
  • Develops pro-forma financial modeling for strategic business projects.
  • Prepares weekly, monthly & annual forecasts and help plants achieve them.
  • Drives monthly close & multi-site forecast process, ensuring accurate financial results and requirements are complete within corporate timelines.
  • In partnership with Sales Operations, develops and monitors critical financial reporting and performance metrics; communicates actionable insights to relevant stakeholders
  • Prepares presentations and key reporting to the Board of Directors and Executive Team
  • Works with cross-functional partners to build a baseline for the budget, which will inform future resource investment, headcount planning, and company-wide target setting
  • Provides insights into all conversion cost components (direct labor, plant overhead, production yields).
  • Supports the Operations organization (Supply Chain, Manufacturing, and Quality) with financial analysis, transaction processing, and cost and inventory data.
  • Confirms financial viability and return of efficiency and growth initiatives. Develop models to support CapEx projects and continuous improvement projects
  • Independently screens and selects CapEx projects based on ROI, fit with short term and long term Commercial and Operational strategy
  • Informs and validates product costing for all manufacturing, supply chain and Procurement activities.
  • Leads and actively engages in pricing and proposal activities; to include participating in pricing strategy and bid reviews, negotiations with customers, developing financial strategies for long-term agreements, and monitoring/reporting margin performance as part of program reviews
  • Builds business cases and ROI models for various strategic initiatives.
  • Leads the development and implementation of financial strategy at the Product Line business level.

Key Qualifications and Attributes:

  • Bachelor’s degree in Accounting or Finance required
  • CPA and/or MBA required
  • Ten plus years of experience with progressively increasing levels of responsibility
  • Manufacturing experience with five plus years of management experience preferred
  • Demonstrates competency working cross functionally and influencing others through strong interpersonal and communication skills.
  • Inspires, motivates, and empowers people to deliver organizational goals, while also delivering value back to employees
  • Large ERP and consolidation reporting software experience
  • Must be willing to travel domestically 25%

Compensation

  • $175k+ with bonus potential