Financial Operations Director

6 days ago


Paterson, New Jersey, United States Manufacturing Company Full time

The Financial Operations Director is a key role at Manufacturing Company, responsible for overseeing all financial aspects of the manufacturing operations.

Job Summary

This position ensures accurate financial reports, adheres to budgets, and controls costs. The director works closely with plant management, supply chain, and other departments to drive profitability and operational efficiency through sound financial practices, accurate reporting, and strategic planning.

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.
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.
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.
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.
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.
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.
Requirements

We are seeking a highly experienced Financial Operations Director with a proven track record in financial management, preferably in a manufacturing environment. The ideal candidate will have:

  • Bachelor's degree in Accounting, Finance, or a related field (CPA/CMA preferred).
  • 5+ years of experience in a financial management or controller role.
  • Strong knowledge of cost accounting, financial analysis, and ERP systems.
  • Excellent communication and leadership skills.
  • Proficiency in accounting software and Microsoft Excel.

The estimated salary for this role is $120,000 - $180,000 per year, depending on experience and qualifications.



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