Director of Finance

Hutchinson • Grand-Rapids, MI

8d

About The Position

The Director of Finance will oversee cash flow management and forecasting, analyze revenue streams and standard gross margins, and collaborate with production teams to establish and monitor production standards. This role is responsible for developing and implementing reporting systems for industrial performance, leading initiatives for inventory optimization, and monitoring and managing fixed costs. The Director will also identify strategies to enhance profitability, prepare financial forecasts and budgets, and work closely with operations, sales, and supply chain teams to align financial strategies with business goals. A key responsibility includes the annual preparation of the Long Term Plan and Budgets for HAVS North America with executive leadership and cross-functional departments.

Requirements

• Bachelor’s degree in finance, accounting, or related field
• Minimum of 10 years of progressive financial management experience within the automotive industry (tier one automotive supplier)
• At least 5 years in a leadership role within a manufacturing environment.
• Strong expertise in cash management, financial analysis, and performance reporting.
• Proven track record in managing fixed costs and optimizing profitability.
• Experience with inventory management and production standardization in a manufacturing setting.
• Exceptional analytical and problem-solving skills, with a strategic mindset.
• Excellent communication and interpersonal skills, with the ability to influence and collaborate across all levels of the organization.
• Proficiency in financial software and ERP systems; advanced Excel skills required.

Nice To Haves

• MBA or relevant professional certification (CMA, CPA) preferred.
• Bilingual English and Spanish preferred.

Responsibilities

• Oversee cash flow management and forecasting, ensuring monthly analysis of all elements related to Working Capital, inventory, customer and supplier payment terms, identifying a gap analysis with proper corrective actions.
• Monitor outstanding payments, management of credit limits, and anticipation of nonpayment risk.
• Analyze revenue streams and standard gross margins, providing insights to drive financial performance relative to high and low standard margin analysis monthly.
• Measure the impact of unit price changes, current exchange rate fluctuations, tooling depreciation and R&D costs.
• Collaborate with production teams to establish and monitor production standards, ensuring alignment with financial goals and operational efficiency to ensure the accuracy of product profitability evaluating actual performance, workshop efficiency, and creating reliable budgets and projections.
• Develop and implement comprehensive reporting systems to track and analyze industrial performance metrics, driving continuous improvement initiatives; labor management variances, raw materials variances, and ODC (other direct cost) to ensure adherence to the performance monitoring system.
• Lead initiatives to enhance inventory reliability and optimization, minimizing excess and obsolete stock while ensuring adequate supply for production.
• Monitor and manage fixed costs, ensuring alignment with budgetary targets and operational efficiency.
• Monitor monthly deviations between actual expenses and budgetary targets, managing fixed costs and ensuring finance balance.
• Identify cost saving opportunities.
• Identify and implement strategies to enhance bottom-line profitability across all manufacturing sites.
• Prepare accurate financial forecasts and budgets, analyzing variances and recommending corrective actions to meet financial objectives.
• Annually prepares the LTP and Budgets for HAVS North America with the Executive Vice President, Sales, and other cross functional departments.
• Work closely with operations, sales, and supply chain teams to align financial strategies with overall business goals and objectives.
• Implement and assure adherence to Governmental and Company policies regarding Equal Employment Opportunity and Affirmative Action Plan compliance.
• Ensure that subordinate managers are fully aware of Company objectives and goals regarding Equal Employment Opportunity and Affirmative Action Plans and that they conform to requirements and intent of these programs.
• Ensure that suitable safety programs are in place that will safeguard the employees while at work.
• Responsible for overall implementation of safety programs and adherence to local and Corporate Safety Policies.

Benefits

• Competitive Compensation
• Comprehensive Health Benefits (medical, dental, and vision insurance options)
• Company-Paid Coverage (Long-Term Disability, Short-Term Disability, Life Insurance, and AD&D Insurance)
• Generous Paid Time Off (PTO policies that support personal time, holidays, and overall well-being)
• 401(k) retirement plan, featuring an employer match
• Global Opportunities & Local Impact

What This Job Offers

• Job Type: Full-time
• Career Level: Director