What are the responsibilities and job description for the Finance Manager position at Philly Shipyard default?
ESSENTIAL FUNCTIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of knowledge, skill, and/or ability required.
- Work to ensure that everyone inside the yard, own as well as subcontractors, are safe and are performing their work in accordance with our CORE principles
- Ensure that all Hanwha Philly Shipyard safety procedures, rules and regulations are followed and met
1. Management & Financial Accounting
- Handle full-cycle accounting operations, including monthly/quarterly/year-end close
- Manage cost accounting for shipbuilding projects and support project profitability analysis
- Track and report project-level and company-wide financial performance
- Perform budget planning, forecast updates, variance and margin analysis for shipyard operations
- Ensure compliance with US GAAP and support Korean HQ with K-IFRS reporting when required
2. Consolidated Reporting to HQ (Korea)
- Prepare consolidated financial reports, cash flow reports, and ad-hoc analysis for Korea HQ
- Ensure timely and accurate submission of HQ reporting packages and schedules
- Communicate directly with Korean HQ finance/accounting teams and resolve cross-border issues
- Monitor intercompany transactions and support related party reporting
3. Project & Cost Control (Shipbuilding Focus)
- Monitor shipbuilding project costs, milestone-based revenue recognition, and cost accruals
- Work closely with Project Managers, Operations, and Procurement teams for cost validation
- Support the development of Work-in-Progress (WIP) schedules and project financial health checks
- Assist in controlling project change orders and cost overruns
4. Internal Controls & Process Improvement
- Establish and maintain internal controls around financial processes and project costing
- Assist in audit preparation, tax filings, and compliance with local and federal regulations
- Support ERP system operation (Oracle/SAP/or equivalent) and recommend process improvements
- Perform other related duties as required and assigned
COMPETENCIES
- Strong communication and organizational skills, both verbally and written
- Ability to work cross-functionally in a fast-paced environment
- Self-management
- Thoroughness, flexibility, integrity
- Decision making/problem solving
- Adaptability and organizational skills and understanding
- Conflict resolution
- Strategic thinking
- Stress management
- Willingness and ability to work as a team member
EDUCATION AND EXPERIENCE
- Bachelor’s degree in Accounting, Finance, or a related field (CPA or equivalent preferred)
- 7 years of finance/accounting experience, preferably in shipbuilding, heavy industry, construction, or large-scale manufacturing
- Strong knowledge of US GAAP (K-IFRS knowledge is a strong plus)
- Experience with project-based accounting, cost control, and WIP management
- Proficient in ERP systems (Oracle, SAP, or equivalent)
- Bilingual in Korean and English (verbal and written communication skills required)
- Experience working in a shipyard or marine industry preferred
- Familiarity with long-term project revenue recognition methods (POC, milestone-based) preferred
- Experience coordinating with international HQ, especially Korean conglomerates preferred
- Understanding of U.S. tax compliance and audit process preferred
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. A range of motion sufficient to perform general lifting, carrying, bending, stooping, climbing, working at heights, extended walking or standing, etc. is required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
WORK ENVIRONMENT
Environmental exposures are similar to those found in most heavy industrial settings and may include noise, heat, cold, vibration, dust, fumes and smoke. Work may be carried on indoors or outdoors, and may involve exposure to inclement weather conditions.
*Hanwha Philly Shipyard is a TOBACCO FREE facility.
POSITION TYPE/EXPECTED HOURS OF WORK
This is an on-site, full-time, safety-sensitive position. Standard days and hours of work vary by department. Days and hours are determined by department schedule.
OTHER DUTIES
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time or without notice.
Hanwha Philly Shipyard is committed to equal opportunity for all applicants. The recruitment, selection, employment and training of employees during employment, shall be without discrimination because of race, color, religion, national origin, gender or age-except that the applicant must meet the minimum age requirement. Hanwha Philly Shipyard does not, and will not, discriminate because of the disability of such individual.