About this opportunity
Hutchinson Group lists this Director of Finance opportunity in grand rapids, Michigan. Review the employer’s description below for duties, qualifications and application requirements.
Job description
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: Ann
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Worksite address
grand rapids, MI, 49528, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.