Industry: Manufacturing & Automotive•
5 - 7 years
Posted 81 days ago
The Finance Manager is primarily responsible for managing and performing the finance and accounting functions of manufacturing plant located at Washington, NC.
The Finance Manager will perform assignments in accordance with ITW Policy, procedures and generally accepted accounting principles. This position will report to the Division Controller located in Hebron, IL.
Essential Duties and Responsibilities:
Work closely with plant Operations, Engineering, Purchasing, Quality, HR and IT in support of the business.
Drive execution of the ITW business model (80/20) demonstrated through ‘best in class’ performance, measured through the EWM metrics / financial & operational performance indicators.
Manage cadence of monthly outlooking exercise, holding the organization accountable to a +/- 2% variance vs. prior outlook.
Actively engage with the operations team, challenging status quo and proactively identifying and partnering in efficiency improvements resulting in YOY improvement in conversion cost.
Work with commercial, engineering & marketing teams to drive margin improvements through 80/20 differentiated pricing and VA/VE.
Develop predictive modeling tools necessary to forecast/improve margin (Pricing and BB analysis), operational inefficiencies, and O/H spend.
Employ ITW toolbox to improve administrative functions in Accounting and Finance: Benchmark and reduce A/P transactions.
Prepare and/or maintain monthly financial and consolidated statements, supporting schedules, balance sheets, general ledgers and other financial records involving cash, plant payroll, accounts receivables, accounts payables, and inventories which include raw materials, finished goods, and work in process
Collaborate strategic sourcing and supply chain essential activities with division and corporate resources to drive lower material costs and improve efficiencies within inventory management goals.
Performs special projects and analysis including variance trend analysis, capital project requests, purchasing savings and certain cost analysis. Performs other related analytical duties as required.
Support operations during annual physical inventory and annual cost roll process.
Continuous improvement implementation in accounting systems and processes to enhance responsiveness to operations management needs
Supervise Accounts Payable coordinator that reports to Finance Manager.
Bachelor’s degree in Accountancy or Finance required.
4-6 years Finance and reporting experience in a manufacturing environment
Must have strong analytical skills, work with minimal supervision, be highly motivated
Excellent verbal and written communication skills
Able to effectively work in cross functional team environment.
Technical Skills: Advanced MS Excel skills; Microsoft Office; BPCS/LX/Infor or Made2Manage ERP system experience a plus
Able to travel to Illinois manufacturing site and corporate location as needed.