What are the responsibilities and job description for the Director of Finance position at Hutchinson?
Job Description
MINIMUM POSITION SPECIFICATIONS
Bachelor's degree in finance, accounting, or related field; MBA or relevant professional certification (CMA, CPA) preferred.
Minimum of 10 years of progressive financial management experience within the automotive industry (tier one automotive supplier) with 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.
Bilingual English and Spanish preferred
DUTIES AND RESPONSIBILITIES
Cash Management : 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. This includes monitoring outstanding payments, management of credit limits, and anticipation of nonpayment risk
Revenue Analysis : Analyze revenue streams and standard gross margins, providing insights to drive financial performance relative to high and low standard margin analysis monthly so informed decision-making is possible. Measures the impact of unit price changes, current exchange rate fluctuations, tooling depreciation and R&D costs.
Production Standards : 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.
Industrial Performance Reporting : 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.
Inventory Optimization : Lead initiatives to enhance inventory reliability and optimization, minimizing excess and obsolete stock while ensuring adequate supply for production.
Fixed Cost Management : 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.
Profitability Management : Identify and implement strategies to enhance bottom-line profitability across all manufacturing sites.
Financial Forecasting : Prepare accurate financial forecasts and budgets, analyzing variances and recommending corrective actions to meet financial objectives.
Long Term Plan Strategy and Budget : Annually prepares the LTP and Budgets for HAVS North America with the Executive Vice President, Sales, and other cross functional departments.
Cross-Functional Collaboration : Work closely with operations, sales, and supply chain teams to align financial strategies with overall business goals and objectives.
The above is intended to describe the essential job functions and requirements for the performance of this job. It is not to be construed as an exhaustive statement of all supplemental duties or responsibilities. "The ability to travel as required within the US, Mexico, and Europe."
EEO ACCOUNTABILITY STATEMENT
Implement and assure adherence to Governmental and Company policies regarding Equal Employment Opportunity and Affirmative Action Plan compliance in the organization under the incumbent's span of control. Insure 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.
SAFETY ACCOUNTABILITY STATEMENT
The incumbent is responsible for having suitable safety programs in place that will safeguard the employees while at work. Incumbent is further responsible for overall implementation of these programs and adherence to local and Corporate Safety Policies.
The above is intended to describe the essential job functions and requirements for the performance of this job. It is not to be construed as an exhaustive statement of all supplemental duties or responsibilities.
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