Director of Finance

Overview:

Reporting to the Vice President & General Manager, the Director, Operations Finance oversees the Operations Finance Group including the organization, development, and administration of operational analysis, product costing, standard cost & inventory accounting systems, internal financial controls and procedures that conform to generally accepted accounting principles. Supervise and develop cost accounting staff. Prepare timely and comprehensive reports including periodic financial statements and analysis of financial data. Proactively and effectively interact and communicate with Management Team and other departments.Operating as an independent division of the Bloomfield, CT-based Kaman Corporation, Bal Seal Engineering is a Kaman company. This structure allows us to remain agile and entrepreneurial as we leverage our parent companys scale, resources, and complementary capabilities. Were proud to be part of Kaman, a company with a past so similar to our own, and a commitment to positively shaping the future.For information regarding benefit offerings, please visit our site here: https://kaman.com/contact/careers/employee-benefits/Essential Duties and Responsibilities:Provides leadership, supervision and guidance for finance staff which includes cost accounting, product cost reporting and analysis, operational & financial analysis, inventory accounting, planning and budgetingOversee all aspects of cost accounting including financial reporting, improving and maintaining standard costing system and strengthening internal financial controls and information systemsPrepare analysis of capital expenditure requirements based on forecasted demand, capacity constraints and machine utilization assumptionsEstablish cost accounting procedures and gross margins for various markets, product lines and customersProvide financial analysis metrics to strategically evaluate company projects, programs, capital expenditures, product costs, where necessaryMentor, evaluate and develop staff and encourage continuing education and specific skills training for the Finance TeamPartner with Operations in preparation of the annual budget for Cost of Goods Sold (Direct Labor, Material Cost, Overhead and other costs), Operating Expenses and Capital Expenditure Requirements in addition to overhead absorption rates, allocations and other assumptionsPrepare and ensure accuracy of month-end GL account reconciliation and post month-end, closing journal entries and preparing financial statements and all related supplemental accounting reportsEstablish, maintain, and coordinate the implementation of cost accounting and accounting control proceduresMonitor, review, and improve accounting related systems and reports for accuracy, effectiveness, internal controls, and completenessIn collaboration with the Vice President & General Manager, prepare and review financial portion of the 5-Year Strategic Plan, Annual Operating Plan (AOP) and department budgetsAnalyze revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control for cash flow purposesRecommend, develop and maintain financial data bases, computer software systems and eliminate manual filing systemsSupervise the input and maintenance of financial data and reports for the company's automated financial systemsInteract with department managers on an ongoing basis regarding their budgets and variance analysisProvide accounting policy guidance and direction for organizationPerform other related duties as assigned

Qualifications:Education

:Bachelors degree in Accounting or Finance, or equivalent experienceMasters degree in Accounting or MBA preferred; CPA or CMA a plusExperience

:Minimum 10 years of experience within a manufacturing environment with at least 5 years of experience as Controller, Director Financial Planning & Analysis or Plant ControllerHands on operational experience within a manufacturing environment is highly preferredKnowledge, Skills and Abilities:

Excellent knowledge of Generally Accepted Accounting Principles (GAAP)In-depth knowledge of general accounting principles with significant focus on financial reporting & analysis and cost accountingStrong understanding of Cost/Management Accounting PrinciplesExcellent verbal and written communication skillsStrong drive, initiative and work ethic Willingness to roll up your sleeves to get the job doneExcellent organizational skills and attention to detailStrong critical thinking, analytic and problem-solving skillsPrevious experience in budgeting and planning for a multi-site manufacturing companyAdvanced large-scale tier 1 ERP/MRP skills & experience Preferably in JDE E1Experience with end of month system processesAdvanced Excel skills and thorough understanding of other MS Office productsInitiative to work both independently and within a team settingAbility to work well under pressure and adapt to rapidly changing prioritiesAbility to occasionally work after hours and weekends to support month end and yearend closing activities and the annual auditAbility to occasionally travel to other company facilitiesSalary range for this position is $175k-190k per year.#LI-BL1