Finance Director - Hayward Tyler

Client:

Hayward Tyler

Finance Director

Colchester, VT (Hayward Tyler) or Rochester Hills, MI (subsidiary Energy Steel)

$185,000 – $250,000/year, depending on experience

Full-time, Exempt

Hayward Tyler designs, manufactures, and services performance‑critical electric motors and pumps for the global energy and chemical industries, as both an OEM supplier and trusted partner. At Hayward Tyler, you’ll be both challenged and supported, working on exciting projects and growing your skills alongside industry experts. We pride ourselves on creating a welcoming environment where the brightest minds use the latest analysis tools to tackle tough challenges.

Join us to be part of a company experiencing substantial growth that has a global reputation for innovation, quality, and reliability.

Hayward Tyler is looking for an experienced Finance Director to lead the North American operations of Hayward Tyler (in Colchester, VT) and their subsidiary, Energy Steel (in Rochester Hills, MI). Since the organization is undergoing significant growth, the ideal candidate will have experience guiding an organization to reach the next level and beyond. The next Finance Director will be someone who is focused on people, processes, pace, and performance and who knows how to be a professional and strategic business partner.

1. Financial Control

• Continually review, randomly audit and identify any weaknesses in the existing processes and financial controls in the business to ensure excellent corporate governance.
• Ensure Hayward Tyler financial policies and procedures are fully employed and adhered to.
• Work with the Finance team and external audit team(s) to implement / action raised issues (ex. payroll / purchase ledger / sales ledger / capital expenditure).
• Maintain monthly audit ready balance sheets, undertaking rigorous analysis and appraisal to identify any specific performance weaknesses. Take action to implement process improvement, effectively manage working capital and cash, and better leverage resources.
• Ensure compliance with all statutory and legislative instructions.
• Establish and enforce procedures and workflows as required by the Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS).
• Manage the monthly movement in cash flow through the finance team and manage banking relationships.
• Provide processes to enable the external auditors to have confidence in the financial reporting through provision of timely detailed reconciliations covering Balance sheet provisions, accruals and overall movements. Comparisons to be made against forecast, budgets and the prior year.
• Manage risk through continuous review and evaluation against established contractual risk analysis and identify any deviation.
• Coordination of due diligence as part of an acquisition or divestment opportunity.

2. Reporting /performance management

• Ensure the timeliness and relevance of management information provided to external and internal customers to ensure that the information fully meets all needs.
• Provide meaningful insights to performance and provide impactful reporting to the members of the Management Team to ensure that profit, cash and capital targets are achieved.
• Provide monthly, quarterly and annual reporting on a timely basis as required by the HTI President and Parent Group.
• Provide periodic reporting on a timely basis as required by active contracts.
• Ensure regular and ad‑hoc Parent Group needs, requests and support are given in a full and timely manner.
• Continually challenge and identify areas of opportunity or risk through detailed performance review at business unit level.
• Maintain and operate a business unit dashboard to focus management attention on key operational performance deviations or trends.
• Maintain copies of the negotiated contracts and ensure processes are in place to ensure full compliance of terms.
• Ensure that any deviation on contractual terms is approved by the HTI President.
• Ensure that any deviation from the Business Plan is approved by the HTI President.

3. Forecasting/ Budgeting /Targeting

• Manage the production, consolidation…