Director of Finance

Basic Purpose and Objective 

Lead the Michigan Finance Shared Services Team. 

The accurate reporting of the financial health of the company as well as the recommendation/assistance of cost saving measures 

Specific Duties and Responsibilities: 

• Lead Michigan Finance Shared Services Team: 2 Staff Accountants, Accounts Payable, Accounts Receivable and Cost Accountant 

• Perform / supervise monthly divisional & consolidated financial close 

• Complete Monthly Financial Reports and Controller’s Report including a written summary of Sales, Mix, Operational, Working Capital and Cash Flow Variances from Budget 

• Monthly submissions to corporate 

• Includes ongoing communication with leadership team on performance to budget 

• Weekly/Monthly Metrics Reports and Executive Staff Meeting Involvement (e.g. Sales to Budget, Efficiency, Spending to Budget, Inventory, Pounds Produced per Line/Man hours, Sales Pareto’s etc. as requested by both plant and financial management) 

• Prepare Weekly Cash Forecasting 

• Authorize weekly wire transfers 

• Perform or supervise all balance sheet account reconciliations including inter-company, fixed assets and bank reconciliations 

• Track and minimize working capital requirements 

• Maintain Inventory Reserves according to company Policy  

• Minimize inventory obsolescence though ongoing monitoring & supervision 

• Initiate Inventory Reporting to further identify specific Excess, Inactive and Obsolete Inventory and develop a disposition policy that includes maximizing customer recoverable for Raw & Fab. and minimizing part balance-out obsolescence 

• Compliance with corporate quarterly, annual and interim reporting requirements 

• Coordination of Internal and External Interim and Year-End Audits 

• Coordination and completion of annual divisional and consolidated budget 

• Supervision of Physical Inventories as necessary 

• Strategic involvement for initiatives in product costing, pricing, sales trends, manufacturing trends and miscellaneous financial initiatives 

• Administration of Commissions & Bonuses 

• Perform quarterly Labor and Burden analysis  

• Maintain and develop internal controls and procedures related to shipping, receiving, A/P, inventory & cycle counting, annual physical inventory, scrap reporting, etc. 

• Monitor and track cost reduction and continuous improvement initiatives (both budgeted and unbudgeted) 

• Various other accounting duties as requested 

• Safety: 

• Follow all safety requirements to avoid injury to self and fellow employees. 

• Create and maintain a safe work environment; repair and/or report non-conformances to company safety policies and guidelines 

• Perform the necessary safety requirements to avoid injury to self and fellow employees 

Education and Experience Required: 

• Bachelor’s Degree in Accounting 

• Minimum of 10 years of accounting experience 

• Strong leadership skills 

• Problem solving skills 

• Detail oriented and excellent organizational skills 

• Strong verbal and written communication skills 

• Ability to work under pressure 

Position Type/Expectations of Working Hours 

• Full time position 

• Regularly scheduled to work 8 – 10 hours a day 

• Must be able to work Monday - Friday