What are the responsibilities and job description for the Director of Finance position at FX Staffing?
FX Staffing is searching for a Director of Finance to lead the finance and accounting functions for a strong company in Northern Cincinnati.
About the Role
We are seeking a highly skilled and experienced Finance Director to lead our financial operations, reporting, and compliance functions. This role is essential in driving financial strategy, improving operational efficiency, and ensuring the company's financial health. The ideal candidate will have a strong background in financial reporting, cost accounting, and internal controls, with experience in a manufacturing environment.
Key Responsibilities
Financial Reporting & Compliance
- Oversee the preparation of monthly, quarterly, and annual financial statements in accordance with GAAP.
- Develop and manage the company’s annual budget and long-term strategic financial plans.
- Monitor cash flow, liquidity, and working capital to ensure financial stability.
- Ensure compliance with federal, state, and local tax regulations and manage annual audits.
Operational & Cost Accounting
- Implement and maintain cost accounting systems to enhance product costing, inventory management, and production efficiency.
- Analyze manufacturing costs, SG&A expenses, variances, and profitability to provide insights and drive decision-making.
- Conduct inventory costing analysis and monitor production rates.
Internal Controls & Process Improvement
- Establish and maintain strong internal controls to safeguard company assets and ensure accurate financial reporting.
- Identify and implement process improvements, including automation and technology enhancements to streamline financial operations.
- Oversee business license renewals and sales tax compliance, including monitoring exemption certificates.
Private Equity & Strategic Financial Planning
- Prepare financial analysis and reports for private equity partners and the board of directors.
- Support due diligence, integration, and financial operations related to acquisitions or divestitures.
- Provide timely and accurate financial insights to support executive decision-making.
Leadership & Team Management
- Manage and mentor a team including a Senior Accountant, Accounting Assistant, and Contracts Administrator.
- Oversee payroll processing, 401(k) plan administration, and payroll reporting.
- Facilitate month-end close and prepare related schedules and reconciliations.
- Ensure compliance with all annual reporting requirements across various jurisdictions.
Qualifications
- Bachelor’s degree in Finance, Accounting, or a related field.
- 8-10 years of progressive finance experience, including at least 3 years in a manufacturing environment.
- Strong knowledge of GAAP, cost accounting, and financial analysis.
- Experience in private equity engagement and financial reporting.
- Proficiency in ERP systems, financial software, and process automation.
- Excellent leadership, problem-solving, and communication skills.