Financial Director

3 days ago

Paterson, New Jersey, United States Manufacturing Company Full time
About the Job

We are seeking an exceptional Controller to join our manufacturing team. As a key member of our finance department, you will play a vital role in driving financial performance and optimizing manufacturing operations.

You will be responsible for managing the financial aspects of our manufacturing operations, including financial reporting, budgeting, and cost control. You will work closely with plant management, supply chain, and other departments to achieve our goals.

Key Responsibilities:

  1. Financial Reporting & Analysis:
    • Prepare monthly, quarterly, and annual financial statements, including income statements, balance sheets, and cash flow reports for the manufacturing division.
    • Conduct variance analysis between actual results and budgeted/forecasted financial outcomes, providing insights and recommendations to senior management.
    • Develop key performance indicators (KPIs) to monitor operational efficiency and cost controls in the manufacturing process.
  2. Cost Accounting & Budgeting:
    • Manage product costing, including material, labor, and overhead cost allocations to ensure accurate pricing and profitability analysis.
    • Lead the annual budgeting process for the manufacturing unit, working with department heads to set realistic financial targets.
    • Oversee cost control initiatives and implement cost reduction programs in coordination with operations and procurement teams.
  3. Operational Efficiency & Process Improvement:
    • Work closely with plant management to improve manufacturing processes, minimize waste, and optimize production efficiency.
    • Participate in Lean manufacturing initiatives or other continuous improvement programs to drive cost savings.
    • Monitor inventory levels and manage costing for raw materials, work-in-progress (WIP), and finished goods.
  4. Internal Controls & Compliance:
    • Establish and maintain strong internal controls over financial processes, including purchasing, production, inventory, and payroll.
    • Ensure compliance with corporate policies, industry regulations, and accounting standards (GAAP/IFRS).
    • Manage audits and ensure the timely resolution of audit findings.
  5. Strategic Financial Planning:
    • Provide strategic financial insights to support long-term business planning and decision-making.
    • Collaborate with senior management to assess capital investment projects and evaluate their impact on financial performance.
    • Drive working capital improvements by monitoring receivables, payables, and inventory turnover.
  6. Leadership & Team Development:
    • Lead and mentor the accounting and finance team within the manufacturing division.
    • Ensure continuous development of the finance team through training, performance management, and career development programs.

Benefits: We offer a competitive salary package, including benefits such as health insurance, retirement plan, and paid time off.

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