What are the responsibilities and job description for the Director of Finance position at Dimor Group Inc?
Job Title: Director of Finance
Reports to: CEO
FLSA Status: Exempt
Travel Time: Up to 10%
DIMOR Group comprises our suite of Companies headquartered in Battle Creek, Michigan. WACO Aircraft is the world's only manufacturer of 1930's era biplanes. Our planes are carefully and skillfully built by hand. Centennial Aircraft Service is a Part 145 Repair Station and does everything from restoring vintage aircraft to providing new avionics and engines to current aircraft. Junkers Aircraft is our newest company that encompasses our lightest and sleekest model LSA airplane made from corrugated aluminum, known as the A50, complete with a ballistic parachute. Manufacturing started in the US in the fall of 2023 for the A50.
Scope:
The Director of Finance plays a critical role in all three businesses by overseeing all financial operations, including budgeting, financial planning, analysis, reporting, risk management, and strategic decision-making, providing key insights to leadership based on their deep understanding of the company?s financial health to guide future growth and profitability. This is an opportunity to practice the complete cycle of accounting and to be a partner in driving business improvements. The ideal candidate for this position can plan and direct all accounting operational functions, handle the accumulation and consolidation of financial data for internal and external financial statements, evaluate accounting and internal control systems, advise senior managers on profit-maximizing ideas, create financial reports, develop long-term financial goals for the organizations, and lead departmental staff.
What you will do:
- Create and interpret financial statements, analyzing trends, identifying areas of improvement, and providing regular reports to CEO and Chairman.
- Develop detailed budgets, monitor spending against budget, and forecast future financial performance to inform strategic decisions.
- Evaluate potential investments, assess their financial viability, and recommend investment strategies.
- Monitor cash inflows and outflows, manage working capital, and ensure sufficient liquidity to meet operational needs.
- Identify potential financial risks, implement mitigation strategies, and ensure compliance with regulatory requirements.
- Analyze expenses, identify cost-saving opportunities, and implement cost-reduction initiatives.
- Manage tax liabilities, ensure accurate tax filings, and advise on tax optimization strategies.
- Collaborate with other departments to develop strategic financial plans aligned with overall business goals.
- Oversee all day-to-day financial operations including:
- Accounts payable: ensure accurate and timely entry and payment of vendor invoices
- Accounts Receivable: Ensure accurate and timely billing and collection of invoices
- Payroll: Ensure accurate and timely processing of payroll in cooperation with HR
- Capital: Track and monitor progress of approved capital projects (CapEx) and spending vs. budget
- Perform monthly bank and balance sheet reconciliations
- Perform tasks associated with month-end and year-end close of income statement and balance sheet, account reconciliations & G/L analysis
- Manage and properly account for intercompany transactions
- Provide prompt analysis of month end results for operations, including business unit and department level analyses
- Manage the preparation of the quarterly expense forecasts and monitor monthly
- Ensure accurate reporting and conformance to financial policies
- Establish, modify, document, and coordinate implementation of accounting and accounting control procedures
- Provide and direct procedures and systems necessary to maintain proper records and to afford adequate accounting controls and services
- Partner with production leadership to drive Continuous Improvement Projects
- Support Finance Department initiatives, such as software and systems implementation and other departmental or firm-wide improvements, with research, planning, and implementation, as required
- Assess, execute and improve policies, procedures, controls and most methodologies
- Collaborate with Senior Leadership Team and partners to support efficient and effective firm-wide operation
- Provide and/or validate reporting for Key Performance Indicators and incentive compensation including revenue tracking, sales team commissions, expense tracking, etc.
- Assist with risk management including employer insurance, enforcing internal controls and safeguarding assets
- Identify opportunities to improve business performance and influence business partners to implement and realize those opportunities
- Lead and mentor a team of finance professionals, assigning tasks, and developing their skills.
- Participate and support Companywide initiatives as needed
What we are looking for:
- Bachelor's Degree in Accounting, Business or Finance
- Minimum of 8 years' experience in Accounting/Finance management roles
- CPA required
- Experience in manufacturing industry preferred
- Demonstarted knowledge of accounting software systems
- Demonstrated knowledge of Microsoft Office Suite
- Strong analytical, organizational, strategic skills
- Ability to problem solve and make decisions efficiently
- Excellent oral, written, communication and interpersonal skills
What we have to offer:
- Medical, Dental & Vision Insurance after 30 days
- 401(K) Company match up to 5%, 100% vest immediately.
- Short Term & Long-Term Disability Insurance
- Life Insurance Co. paid.
- Vacation, Paid Holidays, & Paid Sick Days after 90-days.
- Opportunity to be part of a dynamic and highly motivated work environment where you can develop your potential and launch an exciting career.
- Development opportunities where your input makes a difference.
Waco Classic Aircraft is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity and/or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.