17 Nov 2016

Plant Finance Manager

Posted By : Nathan Waste

Job Description

SUMMARY:

The Plant Finance Manager has complete responsibility for the financial operations of the Manufacturing facilities.  Manages and directs the development, interpretation and reporting of financial data to support the attainment of Plant/Business Unit objectives.  Plans, coordinates, and administers the budgeting process for the facility.  Establishes Accounting practices and procedures consistent with GAAP (Generally Accepted Accounting Practices), and in accordance with corporate policies and legal requirements.

ESSENTIAL FUNCTIONS:

Directs the Accounting operations at the Plant and related remote locations.  This includes:

Financial analysis, planning, and forecasting,
Recommending and implementing financial strategies to optimize the utilization of Manufacturing resources,
Designing, implementing and maintaining Standard Costing systems,
The review of actual results versus established benchmarks, commenting on significant variances,
Evaluation of data with reference to Business Unit/Plant/objectives and
Coordination of monthly financial closings.

Manages the Plant budgeting process to include forecasts, production plan, shipments, labor loads, cost reduction programs, capital investments, etc., and presentation.  Assesses and highlights financial risk associated with such business plan.
Supervises a small staff of accounting professionals.  Delegates and ensures understanding of job duties and responsibilities.  Provides a motivating, engaging work environment and information on relevant matters including business objectives, company policies and procedures.  Measures and appraises performance and provides accurate feedback.  Recommends/approves salary actions/career development.  Assists employees in skills/career development.  Approves expenses; monitors absences and vacations.
Responsible for the development, review, and analysis of standard costs for all new products and product line extensions, including the annual standard update, development of labor and overhead rates, and the qualification of year to year financial impact of changes.  Controls data base and ensures the integrity of the cost accounting systems, as well as, the General Ledger, as it relates to the Manufacturing facilities.  Provides for the analysis and evaluation of cost data, cost estimates and cost reduction programs.  Identifies financial benefits related to new product requests and makes recommendations to management.
 
Responsible for the coordination of the Physical Inventory and/ or cycle counts encompassing all stock at the plants.  Ensures proper staffing levels for counting, audits, data entry; trains counters and auditors in responsibilities; assures accurate valuation and recording of results.  Manages monthly inventory reporting, balancing of perpetuals to the G/L, and analysis of such including levels/types of inventory, at risk, consignments, etc.
Investigates, reviews and analyzes the accounting flow, controls and procedures highlighting problem areas and developing improvements.  Develops and implements corrective action as required.  Responsible for maintaining Sarbanes Oxley compliance documentation for the Manufacturing facilities as required.
Reviews and approves Manufacturing Capital Authorization Requests providing the required Financial analysis where appropriate.  Reviews and approves Post Completion audits conducted by staff on major capital projects.
Using the value added analysis in the above responsibilities, influences the company’s goal with respect to long term manufacturing strategies.
Assists senior management both at the site and Corp. HQ. on special projects

Job Requirements

A minimum of 8-10 years of experience in Operational Finance with a specialty in Cost Accounting required.
Along with the finance experience, managerial experience required (2 direct reports).
Must possess in depth knowledge of the Inventory and Production control process.
Requires in depth knowledge of on-line computer systems, and personal computers to include Forecasting/S&OP, Advanced EXCEL applications/macros, WORD and WINDOWS required.
Knowledge in ORACLE preferred.

Five-plus years of experience including a mix of public accounting and/or private experience preferred.
Experience with financial modeling/forecasting required.
Bachelor’s degree in accounting is required.
Professional Certification APICS certification a plus
MBA or Masters in Accounting or Finance a plus.

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