Job Overview
Finance leadership position for a multi-site manufacturing organization serving the medical device industry with US based sites and one in Puerto Rico. Directs financial reporting and job order cost accounting, collaborates with plant leadership to optimize profit margins, delivers strategic financial guidance to shareholders and executives, drives business growth initiatives and ensures strict regulatory compliance.
The position reports to the President.
1. Financial Leadership & Operational Excellence
- Leadership: Lead, mentor, and develop a high-performing finance team to provide exceptional, proactive support across multiple manufacturing sites.
- Performance Management: Establish, track and optimize measurable departmental KPI’s aligned with corporate and operational objectives.
- Career Development: Provide structured coaching, formal performance evaluations, succession planning, and targeted professional development opportunities.
- Culture: Foster a culture extreme accountability, compliance, financial integrity, continuous improvement and cross-functional transparency.
2. Financial Planning & Analysis
· Budgeting & Forecasts: Lead the annual budgeting process and rolling forecasting cycles across all plants. Proactively escalate critical variance gaps to executive leadership with proposed mitigation strategies.
· Strategic Financial Modeling: Develop long-range financial plans, capacity models, and strategic financial simulations to support corporate expansion.
· Advanced Financial Analytics: Deliver deep-dive analysis on revenue, margins, costing, inventory and cash flow trends to drive strategic decision-making.
· Executive Reporting: Present monthly executive analysis explaining variations between actual results, budgets and forecasts and isolate operational variances from revenue-driven growth variations.
3. Cost Accounting & Inventory Control
· Methodology & Cost Structures: Optimize and govern actual costing methodologies. Authorize cost structures and system updates within the ERP.
· Costing Variances: Analyze and resolve complex variance issues, eliminating under- absorbed labor and overhead costs to directly safeguard net profit margins.
· Profitability Analysis: Lead comprehensive customer and product profitability reviews, addressing low margin opportunities to drive strategic shifts that boost net margins.
· Inventory Governance: Collaborate with Supply Chain to optimize inventory levels and maximize purchasing leverage for raw materials. Formulate strategic recommendations for excess and obsolete inventory management and inventory reserves.
4. Plant Performance & Profitability
· Business Intelligence: Build and maintain automated plant scorecards/dashboard categorized by customer, program & facility for increased visibility enabling strategies to maximize profitability.
· Margin Optimization: Evaluate operational margins by plant, identifying site-specific operational inefficiencies and financial opportunities.
· Prototype Transitions: Design, track, and govern financial metrics as new programs transition from the Prototype facility into high-volume production plants.
5. Capital Expenditures & Working Capital Efficiency
· CapEx Investments: Develop formal investment justification process and perform ROI and payback period analysis for manufacturing equipment and other large-scale investments.
· Capital Acquisition Strategies: Execute financial modeling to determine optimal financing structures (self-funded, debt financing, or operational leasing) and manage execution requirements for funded structures.
· Post Investment Reviews: Audit capital expenditure results 12 months post-installation to confirm that operational efficiency and ROI align with original projections.
· Cash Flow Optimization: Generate rolling cash flow projections to optimize multi-plant working capital.
6. Strategic Collaboration & Process Improvements
- Cross-Functional Business Partnership: Strong alliance across all departments to embed best practices and financial strategies. Execute joint initiatives that maximize profitability margins and significantly increase available working capital.
· Cost Reduction Initiatives: Establish and govern annual cost reduction targets and connect with operations teams on initiatives to achieve measurable savings.
· Continuous Improvements: Drive continuous improvement within the ERP and business intelligence systems to automate manual tracking, reduce close cycles, and eliminate redundant tasks boosting overall performance.
7. Multi-Location Governance & Compliance
· Corporate Tax Governance: Master the company’s multi-plant tax structures and ensure accurate and timely local, state and federal filings.
· Audit Ownership: Serve as the primary point of contact and audit owner for external financial audits, internal audits, state tax authorities, and medical device regulators
8. Risk Management & Special Projects
· Risk & Insurance Management: Own the corporate insurance portfolio, ensuring all property, casualty, liability, and product risk policies remain consistently active and are aligned with multi-plant evaluations. Manage any required claims in an efficient and timely manner.
· Strategic Liaison: Translate complex plant-floor operational performance metrics into explicit financial impacts for non-financial stakeholders, bridging the gap between operations and finance.
· Special Projects: Execute high-priority strategic assignments, including merger & acquisition due diligence, ERP migrations, or site-consolidation financial modeling as directed by executive team.
Required Qualifications & Technical Skills
- Education: Bachelor’s degree in Accounting/Finance, Certified Public Accountant (CPA) or Certified Management Accountant (CMA) preferred
· Experience: 7 to 10+ years of progressive accounting experience, with at least 3 to 5 years in a manufacturing environment
· Cost Accounting Expertise: Proven expertise in costing accounting and variance management
- Software: Hands-on experience with ERP systems and advanced Excel skills
- Communication: Excellent written and verbal in English & Spanish
- Collaboration: Ability to work effectively with all levels of the organization and influence teams to exceed expectations
Pay: From $100,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Life insurance
- Paid time off
- Vision insurance
Work Location: In person
