Director of Finance

Position Summary

Hanwha Defense USA Shipbuilding (“Shipbuilding”) delivers vessels and sustainment services to the U.S. Navy and other government customers across a portfolio of shipyard and maritime subsidiaries. The organization operates under Korean parent ownership and an active foreign ownership, control, or influence (FOCI) mitigation framework.

The Director, Finance is the principal finance leader for the Shipbuilding portfolio. The position directs financial planning and analysis, corporate planning, pricing, government contract finance compliance, and treasury operations, and serves as the interface to Hanwha Defense USA corporate and the Korean parent for consolidation, group reporting, and tax matters. The position carries responsibilities in both the financial performance of the HDUSA Shipbuilding, and across the financial architecture supporting portfolio growth.

Position Scope

The position holds direct responsibility for financial planning and analysis, corporate planning, pricing, government contract finance compliance, commercial and contract structuring, and treasury and cash management. Consolidation, group reporting, and tax are executed in coordination with Hanwha Defense USA corporate and external advisors; the position is accountable for the reporting calendar, data quality, and timely delivery of these products rather than for their technical preparation. Corporate development transactions are led at the Hanwha Defense USA corporate level, with this position providing financial diligence, integration planning, and post-close financial architecture. The scope of the position is expected to broaden as the portfolio expands and the finance organization matures.

Primary Responsibilities

Financial Planning, Analysis, and Corporate Planning

• Direct the annual operating plan, multi-year strategic plan, and rolling forecast for Shipbuilding and its subsidiaries, including long-cycle program phasing across ship platforms
• Develop and maintain the portfolio financial model, including revenue recognized over time, program margin, indirect rate absorption, headcount and manpower curves, and facility capital investment
• Establish and enforce estimate at completion and estimate to complete discipline at the program level in coordination with program management and control account managers, translating schedule and manpower assumptions into financial outcomes
• Deliver the monthly and quarterly management reporting package, including variance analysis, forecast accuracy assessment, key performance indicators, and supporting analytical narrative
• Lead capital planning and business case development for shipyard infrastructure investment, including return analysis and capital request packages to corporate and the parent
• Serve as finance business partner to Shipbuilding leadership on resource allocation, make-versus-buy analysis, and new business pursuit decisions

Pricing and Government Contract Finance Compliance

• In concert with shipyard finance teams, direct pricing strategy and execution for U.S. Navy and other government proposals, including basis of estimate development, cost volume construction, fee positioning under DoD Weighted Guidelines, and pricing narrative
• Manage the indirect rate structure, including forward pricing rate proposals and agreements, provisional billing rates, and annual incurred cost submissions
• Maintain the contract finance compliance posture as a risk-management function, including FAR Part 31 allowability, Cost Accounting Standards applicability and disclosure statements, DFARS business system criteria, and Truthful Cost or Pricing Data requirements
• Serve as the primary finance point of contact for DCAA and DCMA audits, reviews, and corrective action plans within HDUSA Shipbuilding
• Direct contract billing, progress payment, and cash collection activity against government payment terms and contract financing provisions
• Support the FOCI mitigation framework through controls and reporting over affiliated transactions, intercompany service agreements, and cost flows between U.S. entities and Korean affiliates

Commercial and Contract Structuring

• Structure customer contracts and teaming, subcontract, and partnership arrangements, including contract type selection, fee and incentive design, payment and financing terms, escalation and economic price adjustment, and termination and risk allocation
• Model and negotiate the financial terms of strategic partnerships, technology transfer arrangements, and industrial cooperation agreements with Korean affiliates and U.S. partners
• Provide financial analysis and structuring input to corporate development on acquisitions and new-entity formation, and lead the finance workstream of post-close integration, including chart of accounts, rate structure, and reporting alignment

Treasury and Capital Management

• Direct cash forecasting, liquidity management, and working capital across the portfolio, with particular attention to the cash profile of long-cycle shipbuilding programs
• Manage banking relationships, credit facilities, letters of credit, surety and performance bonding, and parent funding requests
• Establish and administer intercompany funding, lending, and cash pooling arrangements in compliance with the firewalled entity's FOCI mitigation agreement, coordinating with Legal on transactions subject to mitigation oversight
• Execute intercompany loan and funding pricing consistent with transfer pricing policy established by Tax
• Manage foreign exchange exposure arising from cross-border procurement, technical services, and parent transactions

Group Reporting, Consolidation, and Tax

• Manage the close and reporting calendar for Shipbuilding and its subsidiaries, delivering audit-ready results to corporate and the Korean parent on schedule
• Ensure consolidation packages reconcile between U.S. GAAP management reporting and parent-level K-IFRS requirements, including intercompany elimination and revenue recognition alignment
• Manage relationships with external auditors, tax advisors, and the parent reporting organization, and coordinate technical accounting positions
• Ensure federal, state, and local tax compliance, credits and incentives capture, and transfer pricing documentation are delivered through internal and external resources

Organization, Systems, and Controls

• Recruit, develop, and lead the Shipbuilding finance organization, including the addition of technical accounting and consolidation capability
• Define the operating model between Shipbuilding finance, subsidiary finance staff, and corporate shared services, establishing where services are centralized and where they are embedded
• Lead or co-lead enterprise resource planning and business system initiatives required to support government contract accounting, project cost collection, and multi-entity consolidation
• Establish the internal control environment, delegation of authority, and finance policy set for a multi-entity portfolio

Required Qualifications

• Bachelor’s degree in finance, accounting, economics, or a related field
• Ten or more years of progressive finance experience, including three or more years leading teams
• Demonstrated ownership of financial planning and analysis and corporate planning in a project-based or long-cycle manufacturing environment
• Substantive government contracting finance experience covering pricing, indirect rates, FAR and DFARS cost principles, and interaction with DCAA or DCMA
• Experience structuring and negotiating the financial terms of customer contracts or major commercial agreements
• Demonstrated experience establishing finance processes, controls, and staffing in a newly formed, rapidly growing, or post-acquisition organization
• Ability to operate effectively at both the executive reporting level and the detailed analytical level

Preferred Qualifications

• Shipbuilding, heavy industrial, aerospace, or capital-intensive defense manufacturing background
• Experience within a foreign-owned U.S. defense entity, including FOCI mitigation, CFIUS, or export control exposure
• Treasury or capital markets experience
• Enterprise resource planning implementation or business systems transformation experience, such as Deltek Costpoint or SAP
• Participation in merger and acquisition diligence or integration
• CPA, CMA, MBA, or equivalent credential

Export Control and Security Requirements

This position requires access to export-controlled technical data. Applicants must qualify as a U.S. Person as defined under 22 CFR 120.62, meaning a U.S. citizen, lawful permanent resident, or protected individual. The position further requires the ability to obtain and maintain a U.S. Department of Defense security clearance; U.S. citizenship is required for clearance eligibility. Employment is contingent upon satisfactory completion of a background investigation and pre-employment screening.

Hanwha Defense USA is committed to pay transparency and equitable compensation practices. The salary range listed for this position represents a good faith estimate of the base pay we reasonably expect to offer for the position at the time of posting. Actual compensation may vary based on relevant skills/experience, education and certifications, market conditions, geographic location and internal pay equity. In addition to base salary, employees may be eligible for discretionary annual bonuses, benefits, and other forms of compensation as part of Hanwha Defense USA's total rewards package. 

Hanwha Defense USA is an equal opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion, national origin, age, sex, gender identity or expression, sexual orientation, disability, veteran status, or any other protected characteristic.