Economic Strategy Manager

Who We Are

Since 1976, our family-owned business has worked across a wide range of industries, environments, and applications to provide expert advice and bring the best industrial-grade parts to our customers. For years we have been mastering the art of material properties, design, and fabrication to produce custom parts that last longer and deliver superior performance so you can focus on using your equipment not fixing it.

Our Three Uniques

1. Team of technical experts committed to solve problems.
2. Reliable parts supply, responsive service.
3. Robust global supply chain with diverse material options.

Our Core Values

• Customer Driven
• One Team
• Growth Minded

Our Perks

• Medical/Dental/Vision/STD/LTD
• HSA/FSA
• PTO/Paid Holidays
• 401(k) & Employer Match
• Education Reimbursement

Who We're Looking For

Economic Strategy Manager (On-Site in Plymouth, MN)

• Reporting to the Director of Operations

The position of Economic Strategy Manager is designed for an experienced and strategic professional to lead the financial planning and economic analysis functions within the organization. The primary responsibilities include evaluating economic trends, developing financial models, and advising senior management on economic strategies that align with the company's business goals. 

This high-impact position offers the opportunity to influence key business decisions and contribute to the long-term success of the organization. The Economic Strategy Manager will play a pivotal role in ensuring that the company's economic strategies are data-driven and aligned with its business goals.

Performance Dimensions & KPIs

• Economic Analysis: The Economic Strategy Manager will monitor global and local economic indicators, assess their impact on the business, and recommend adjustments to financial plans accordingly. This involves a deep understanding of macroeconomic and microeconomic principles and the ability to interpret complex data and translate it into actionable insights.
• Financial Planning: Developing financial models and preparing economic forecasts, risk assessments, and investment evaluations are critical aspects of this role. The manager will work closely with finance, operations, and executive teams to ensure that economic strategies support sustainable growth and profitability.
• Budgeting and Cost Control: The role includes key responsibilities in budgeting, cost control, and resource allocation. Identifying opportunities for cost savings and efficiency improvements is essential.
• Strategic Initiatives: Supporting strategic initiatives such as mergers, acquisitions, and market expansion is part of the job. The manager's expertise will be crucial in these areas.

Fundamental Responsibilities

• Develop and Implement Economic Strategies: Create and execute economic strategies that align with Midwest Rubber's business objectives to drive growth and profitability.
• Analyze Economic Data and Market Trends: Evaluate economic data and market trends to provide insights that inform decision-making processes.
• Prepare Financial Forecasts and Economic Impact Assessments: Generate accurate financial forecasts and assess the economic impact of various business activities.
• Advise Senior Management: Offer expert advice to senior management on economic risks and opportunities, helping to shape strategic decisions.
• Monitor Economic Indicators: Keep a close watch on global and local economic indicators to anticipate changes and adjust strategies accordingly.
• Support Budgeting and Financial Planning: Assist in the budgeting and financial planning processes to ensure alignment with economic strategies.
• Conduct Cost-Benefit Analyses: Perform thorough cost-benefit analyses for strategic initiatives to evaluate their feasibility and potential impact.
• Collaborate with Cross-Functional Teams: Work closely with finance, operations, and other departments on financial matters to ensure cohesive strategy implementation.
• Prepare Reports and Presentations: Develop comprehensive reports and presentations for stakeholders to communicate economic insights and recommendations.
• Ensure Compliance: Ensure that all financial activities comply with relevant regulations and standards, maintaining the integrity of Midwest Rubber's financial practices.

Qualifications

• Bachelor’s or Master’s degree in Economics, Finance, or a related field
• 4-6 years of proven experience in economic or financial management roles, demonstrating the ability to handle complex financial tasks and strategic planning.
• Strong analytical and quantitative skills to assess data, identify inefficiencies, and provide actionable insights.
• Excellent communication and presentation abilities to effectively convey economic strategies and findings to senior management and stakeholders.
• Proficiency in financial modeling and data analysis tools, with the ability to design, automate, and maintain data-driven reports and dashboards.
• A solid understanding of both macroeconomic and microeconomic principles to evaluate economic trends and their implications for the business.
• Strong management and team collaboration skills to work effectively with cross-functional teams and drive strategic initiatives.
• A high level of accuracy and attention to detail to maintain the integrity of financial analyses and reports.
• Exceptional interpersonal skills to establish and nurture positive relationships with vendors, suppliers, and internal teams.
• Strong problem-solving, decision-making, and delegation skills, with the ability to troubleshoot and implement innovative solutions.
• Proficiency and experience working with Word, Excel, Outlook, PowerPoint, and SharePoint.
• Ability to follow instructions, operate independently with minimal supervision, handle stress, and maintain a professional demeanor.
• Familiarity with supply chain management software (e.g., Business Central, SAP, Oracle, MRP systems) and knowledge of manufacturing processes, inventory management, and logistics preferred.
• Experience with budgeting and forecasting to support financial planning and ensure alignment with economic strategies preferred.