Director of Finance

DIMOR Group comprises our suite of Companies headquartered in Battle Creek, Michigan. WACO Aircraft is the world's only manufacturer of 1930's era biplanes. Our planes are carefully and skillfully built by hand. Centennial Aircraft Service is a Part 145 Repair Station and does everything from restoring vintage aircraft to providing new avionics and engines to current aircraft. Junkers Aircraft is our newest company that encompasses our lightest and sleekest model LSA airplane made from corrugated aluminum, known as the A50, complete with a ballistic parachute. Manufacturing started in the US in the fall of 2023 for the A50.

Scope:

The Finance Director plays a critical role in all three businesses by overseeing all financial operations, including budgeting, financial planning, analysis, reporting, risk management, and strategic decision-making, providing key insights to leadership based on their deep understanding of the company’s financial health to guide future growth and profitability. This is an opportunity to practice the complete cycle of accounting and to be a partner in driving business improvements. The ideal candidate for this position can plan and direct all accounting operational functions, handle the accumulation and consolidation of financial data for internal and external financial statements, evaluate accounting and internal control systems, advise senior managers on profit-maximizing ideas, create financial reports, develop long-term financial goals for the organizations, and lead departmental staff.

The Finance Director is key to our Senior Leadership Team reporting to the CEO and is responsible for all functions within the Accounting Department for both WACO Classic Aircraft Corporation, Junker Aircraft Corp, and Centennial Aircraft Services.

Essential Responsibilities include the following

1. Create and interpret financial statements, analyzing trends, identifying areas of improvement, and providing regular reports to CEO and Chairman.
2. Develop detailed budgets, monitor spending against budget, and forecast future financial performance to inform strategic decisions.
3. Evaluate potential investments, assess their financial viability, and recommend investment strategies.
4. Provide overall financial strategy for the organization to drive profitability.
5. Monitor cash inflows and outflows, manage working capital, and ensure sufficient liquidity to meet operational needs.
6. Identify potential financial risks, implement mitigation strategies, and ensure compliance with regulatory requirements.
7. Analyze expenses, identify cost-saving opportunities, and implement cost-reduction initiatives.
8. Manage tax liabilities, ensure accurate tax filings, and advise on tax optimization strategies.
9. Collaborate with other departments to develop strategic financial plans aligned with overall business goals.
10. Manage all day-to-day financial operations including:
11. Accounts payable: ensure accurate and timely entry and payment of vendor invoices
12. Accounts Receivable: Ensure accurate and timely billing and collection of invoices
13. Payroll: Ensure accurate and timely processing of payroll in cooperation with HR
14. Capital: Track and monitor progress of approved capital projects (CapEx) and spending vs. budget
15. Perform monthly bank and balance sheet reconciliations
16. Perform tasks associated with month-end and year-end close of income statement and balance sheet, account reconciliations & G/L analysis
17. Manage and properly account for intercompany transactions
18. Provide prompt analysis of month end results for operations, including business unit and department level analyses
19. Manage the preparation of the quarterly expense forecasts and monitor monthly
20. Ensure accurate reporting and conformance to financial policies
21. Establish, modify, document, and coordinate implementation of accounting and accounting control procedures
22. Provide and direct procedures and systems necessary to maintain proper records and to afford adequate accounting controls and services
23. Partner with production leadership to drive Continuous Improvement Projects
24. Support Finance Department initiatives, such as software and systems implementation and other departmental or firm-wide improvements, with research, planning, and implementation, as required
25. Assess, execute and improve policies, procedures, controls and most methodologies
26. Collaborate with Senior Leadership Team and partners to support efficient and effective operation
27. Provide and/or validate reporting for Key Performance Indicators and incentive compensation including revenue tracking, sales team commissions, expense tracking, etc.
28. Assist with risk management including employer insurance, enforcing internal controls and safeguarding assets
29. Identify opportunities to improve business performance and influence business partners to implement and realize those opportunities
30. Lead and mentor a team of finance professionals, assigning tasks, and developing their skills.
31. Participate and support Companywide initiatives as needed.

Work authorization

United States (Required)

Schedule

Monday to Friday, First shift, Exempt

Computer Skills:

To perform this job successfully, an individual should be proficient in Microsoft Office Suite, Microsoft Excel, online accounting software, online payroll processing software, ERP, and other industry software as needed.

Education/Experience:

Bachelor's Degree in Accounting, Business or Finance

Minimum of 8 years' experience in Accounting/Finance management roles

Specialized Training:

Experience in manufacturing industry, preferred

Certificates and Licenses:

CPA required