Sr. Director, Finance

Senior Director Finance 

VACUUMSCHMELZE Sumter, South Carolina, United States (On-site) 

e-VAC Magnetics LLC, a member of VAC Group, is currently seeking a Senior Director Finance. The position will be located on-site in our manufacturing facility in Sumter, South Carolina. This facility is currently being constructed as a green-field approach and will house the production of permanent magnets for electric vehicles and defense applications. Within the next 18 months, the new facility will be hosting 300 employees and a revenue potential of $ 360 m.

This is an excellent opportunity for an ambitious finance individual to play a key role in the build and scale up of the organization. As the Director of Finance, you will play a critical role in managing the operations of our organization and scoping all other financial supporting positions and work responsibilities while building out the organization as the Subject Matter Expert. This will require a hands-on attitude and ability while the organization develops. We offer competitive compensation, comprehensive benefits, and a supportive work environment.

KEY RESPONSIBILITIES include but are not limited to the following:

• Acts as partner and key contributor to the General Manager and partner with the senior leadership teams throughout the organization to provide value-added analyses and business insights, including driving analytics for major operational changes such as manufacturing footprint impacts and supply chain/product line strategies.
• Establish and lead a state-of-the art finance function including a best in class accounting and production/manufacturing controlling (cost accounting) for the Company being a Tier one supplier to leading automakers in the US as well as customers associated with the US Department of Defense.
• Be the first point of contact in all financial aspects around the long lasting off-take agreement with one of the leading automakers in the US including product costing as basis for annual price negotiation and other matters as well as customers associated with the US Department of Defense.
• Oversee the region's annual financial planning and forecasting process and drive improvements in efficiency, accuracy, and transparency including all aspects of FP&A including financial planning and forecasting, strategic planning and decision making, P&L analysis, and reporting. 
• Support commercial growth initiatives in partnership with the regional President, business unit VP and the corporate commercial team, including significant contract and commercial negotiation evaluation, ensuring local US GAAP and IFRS (Group accounting standards) compliance and strategy alignment.
• Support manufacturing efficiency and inventory management through partnership with the Operations team with a specific focus on advancing standard costing processes and expanding manufacturing profitability.
• Ensure compliance with local, state and federal income tax and sales tax laws as well as with the Group’s Fundamental Financial Controls and to be developed SOX matrixes in all policies and procedures.
• Manage local, state and federal stakeholders that have provided considerable financial support to the Company and ensure compliance with the existing contracts and a seamless reimbursement process as well as quarterly and annual reporting to these. 
• Manage the interface between corporate HQ, stakeholder and internal / external partners.
• Ensure compliance with local, state, and federal government requirements.

QUALIFICATIONS:

• Bachelor’s degree in accounting or business administration required, a Master’s degree preferred
• Strong knowledge of accounting principles and practices
• Proven experience as a Financial Controller, Finance Director or similar role
• Strong analytical and problem-solving skills
• 10 years or more of related experience required, ideally working experience in the mechanical manufacturing environment.
• Previous experience with SAP preferred.
• Willingness and ability to travel, as necessary
• Authorized to work in the US

WORK ENVIRONMENT/ WORK CONDITIONS:

• Professional Office Environment
• Must wear proper personal protection equipment if on the manufacturing floor

LANGUAGE SKILLS:

Fluent English. Ability to communicate effectively using various types of business correspondence. German beneficial but not required.

SUPERVISORY RESPONSIBILITES

Formal supervisory responsibilities.

eVAC Magnetics offers a comprehensive benefits package including medical, dental, vision, 401k, FSA, group term life insurance, and more. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or other characteristic protected by applicable law.