Finance Manager

Title:
Finance Manager

Location:
Elgin Illinois

Shift(s): 8a-5p

Internal/External posting:

AI Applicant Screening used:

Salary Range: $120,000-$130,000

POSITION SCOPE :

The Finance Manager will be a highly analytical, experienced and motivated individual that will oversee corporate accounting, financial consolidation, and strategic forecasting tailored to a fast-paced contract manufacturing environment. Utilizing the Net Suite ERP system, this individual will prepare and be responsible for cash flow analysis, budgeting, treasury operations, and risk mitigation strategies.

REPORTS TO : CFO

ESSENTIAL ACCOUNTABILITIES:

Corporate Accounting, Consolidation and External Reporting

• Manage month-end accounting close. Lead the corporate accounting team to ensure timely financial closing in Net Suite.
• Consolidate multi-entity books by unifying Canadian and domestic subsidiary financials across fifteen plus locations.
• Oversee corporate bill-downs for centralized expenses allocated to the various business segments.
• Ensure GAAP compliance:
  Maintain strict adherence to manufacturing accounting standards, burden absorption, and regulatory frameworks.
• Prepare monthly and quarterly internal financial reporting and board packages.
• Prepare monthly and quarterly lender reporting requirements including covenant compliance.
• Oversee external audits and serve as the primary point of contact for external auditors.

Forecasting & Financial Planning

• Drive annual budgeting processes and coordinate annual budget preparation across production plants and corporate departments.
• Develop rolling forecasts using dynamic financial models to predict revenue, COGS, variable contribution margins, fixed overhead costs, SGA and EBITDA.
• Prepare and analyze variance reports against operating budgets to capture cost fluctuations and other leading KPI's.

Cash Flow & Treasury Management

• Optimize working capital:
  Monitor liquidity ratios and manage cash conversion cycles impacted by labor costs, inventory, collections, disbursements and raw material buying.
• Conduct cash analysis:
  Prepare detailed cash flow projections to anticipate funding requirements.
• Manage bank relationships:
  Oversee corporate banking facilities, equipment financing lines, and Net Suite-integrated cash management services.
• Execute capital allocation:
  Assist executive leadership in evaluating investment strategies for plant machinery, production upgrades, and fixed assets.

Risk Management

• Mitigate financial risk:
  Manage exposure to raw material price volatility, supply chain disruptions, and foreign exchange risks.
• Evaluate internal controls:
  Design and implement robust Net Suite user permissions, automated inventory adjustments, and procurement approval workflows.
• Oversee corporate insurance:
  Maintain appropriate insurance coverage, including product liability and facility insurance, to safeguard manufacturing assets.

QUALIFICATIONS:

• Location and Availability:
  Must be based on-site at the Elgin, Illinois facility, with occasional travel to other locations.

• Industry

Experience:

At least 5 years of experience in contract manufacturing or other high-volume manufacturing environments.

• Systems Expertise:
Demonstrated hands-on experience using and optimizing Net Suite ERP.

•

Education:

Bachelor's degree in Finance, Accounting, Economics, or a related field.

• Professional Certification: CPA, CFA, or CMA designation strongly preferred.

• Leadership

Experience:

5-7 years of progressive experience in financial management roles.

• Analytical

Skills:

Strong quantitative abilities, including analyzing and clearly explaining budget-to-actual results.

• Communication

Skills:

Ability to translate financial data into clear insights on revenue, cost, and performance trends.

SAFETY:

• Adhere to company safety policies and procedures
• Wear required PPE (personal protective equipment) where needed
• Immediately report any unsafe conditions or other safety-related issues

WORK ENVIRONMENT:

While the work environment characteristics described here represent those an employee encounters while performing the essential functions of this job, they are in no way all-inclusive. Reasonable accommodations may be made to enable individuals with…