Director of Financial Operations

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Full Time Accounting Cincinnati, OH, US

Scope of Job:The Director of Financial Operations stands at the intersection of finance and operations ensuring a smooth flow of information and oversight across both domains. This role involves monitoring the financial health of the company’s operations and supply chain, implementing budgetary controls, and providing strategic financial insights to support decision-making processes. By tracking and analysing operational and supply chain metrics, understanding standards and variances, controlling inventory, and driving timely financial reporting, the Director of Financial Operations aids in steering the company towards its financial and operational goals while ensuring operational and supply chain efficiencies.

At the core of this role is the management and coordination of ERP process improvements and alignment of systems ensuring the design and structure provide a strong foundation in identifying areas for financial improvement. The information provided must align operational activities with the overall financial strategy of the company, thereby fostering a cohesive environment for sustainable growth and profitability.

The Director of Financial Operations will oversee a team of plant-based controllers and cost accountants supporting plant-level operations with operational metrics, financial reporting, pricing support, and cost determination. This role will ensure consistent and accurate tracking of production costs across all sites, drive efficiency initiatives, and provide insights to improve plant profitability.

Essential Job Functions and Responsibilities:

• Cost Accounting Oversight: Manage the plant controllership and cost accounting function for all locations ensuring processes are effective and accurately tracking production costs, variances, and operational efficiencies. Oversee product costing, standards revisions, gross margin analysis, inventory control and accounting and reconciliations for manufacturing.
• ERP Oversight: Manage the design, structure and flows of the ERP system to provide alignment of data and transactions for efficient and effective use in managing the business. Develop and maintain cost accounting systems, policies, and procedures that align with the organization’s financial goals.
• Process Improvement: Identify inefficiencies and bottlenecks in operational processes and implement strategic solutions to enhance productivity and reduce costs. Continuously evaluate workflows for optimal performance and alignment with organizational goals. Analyse operational data and reports to identify trends, issues, and opportunities for process improvements.
• Cross-Functional Collaboration: Partner with procurement, production, supply chain, sales, and finance teams to ensure alignment of cost objectives and pricing strategies. Work together and collaborate to ensure inventory levels meet customer needs while minimizing carrying costs and allocating resources optimally, minimizing waste and ensuring the availability of necessary items for uninterrupted operations. Create and maintain dashboards with weekly performance indicators to inform and influence management.
  
  Facilitate communication and collaboration across departments to ensure operational goals are met.
• Risk Management
  : identify potential threats and develop strategies to mitigate them, ensuring smooth operation and financial stability. Forecasting, evaluating, and responding to risks in a way that minimizes impact while finding opportunities for improvement.
• Financial Forecasting
  :
  Precision in…