Director of Industrial Finance

Job Description

Job Description

Summary/Objective

Director, Industrial Finance acts as a key business partner to the VP of Operations in maximizing the return on Plant financial assets and operational efficiencies. This includes establishing sound financial policies, procedures, controls, and performance reporting metrics at the company’s four operating plants. The position will be responsible for working with Plant leadership on financial forecasts and budgets (COGS, Manufacturing OH, Capex and Balance Sheet focus), developing a sound and value-added cost accounting environment and leveraging appropriate metrics to drive accountability and continuous improvement. The Director, Industrial Finance will be responsible for direct management of the Plant Controllers including developing a high performing team of finance & accounting professionals.

Essential Functions

• Support the VP of Operations and site leaders in everyday decision making and execution required to achieve financial targets.
• Performance management assistance to Plant Management Teams to enable well-informed decision making and establish action plans prioritized based on the industrial performance impact.
• Oversees plant accounting and consolidated accounting processes; standardize controlling processes across four locations.
• Responsible for the development of an Inventory & Cost Accounting Environment to allow for enhanced decision making on all product lines.
• Responsible for all aspects of finance to support the needs of the supply chain, manufacturing, and quality organization.
• Supports financial analysis related to potential capex investments as well as post audit of implemented capex improvements.
• Assist in the development of internal policies and procedures for inventory controls, cycle count process, and inventory reserves.
• Lead manufacturing and materials management period closing process; improve financial close processes to drive efficiency, accuracy and control.
• Partner with operations management on planning processes including quarterly forecasts, annual budget, and long-term strategic plan.
• Responsible for monthly variance analysis of manufacturing and distribution variances to prior year, forecast, and budget with support from Plant management.

Required Education, Knowledge, and Experience

1. Four-year college degree with a major in Accounting or Finance; MBA preferred.
2. Minimum of 5 years’ experience in proven team management in a leadership role.
3. Highly experienced with cost accounting methodologies and practical application.
4. Hands on experience in SAP financial reporting and closing, product costing, and budgeting highly preferred.
5. Successfully demonstrated ability to evaluate and analyze business opportunities and present findings in a logical way to all levels of an organization.
6. Excellent communication and interpersonal relationship skills.

Preferred Education and Experience

• Dairy or food industry experience