Accounting Manager- Manufacturing

Financial Manager

This position is responsible for overseeing and managing all financial activities within the manufacturing plant. The Financial Manager will collaborate with plant leadership, production, and other departments to ensure that financial and operational objectives are met.

Key Responsibilities:

• Financial Reporting and Analysis

• Prepare and analyze monthly, quarterly, and annual financial statements.
• Provide detailed reports on plant performance, including variances between budgeted and actual costs.
• Monitor and report key performance indicators (KPIs) for production costs, efficiency, and profitability.
• Perform financial forecasting to support long-term planning and decision-making.

• Inventory Management

• Oversee the accurate tracking of raw materials, work in progress, and finished goods inventory.
• Ensure compliance with inventory control procedures to prevent discrepancies or overstocking.
• Conduct periodic inventory counts and reconcile discrepancies.

• Cost Accounting

• Develop and maintain cost accounting systems to track production costs, labor, materials, overhead, and fixed assets.
• Analyze cost structures and identify opportunities for cost reduction and process improvements.
• Review and track standard costs, work in progress (WIP), and finished goods inventories.

• Budgeting and Forecasting

• Lead the annual budgeting process, including preparing budgets for various departments within the plant.
• Collaborate with department heads to ensure alignment with financial goals and operational needs.
• Conduct periodic reforecasting to ensure financial targets are met and adjust for any changes in production or market conditions.

• Internal Controls and Compliance

• Ensure compliance with internal controls, accounting standards, and corporate policies.
• Conduct audits of financial records and systems to ensure accuracy and transparency.

Qualifications:

• Education: Bachelor's degree in Accounting, Finance, or related field. CPA or CMA preferred.
• Experience:
  • At least 5 years of experience in financial management or accounting within a manufacturing environment.
  • Strong understanding of cost accounting and manufacturing processes.
  • Experience with ERP systems and financial modeling. NetSuite experience a huge plus.
• Skills:
  • Strong analytical and problem-solving abilities.
  • Advanced Excel skills (pivot tables, macros, etc.).
  • Ability to communicate complex financial data to non-financial stakeholders.
  • Attention to detail and accuracy.
  • Leadership and team management experience.

Working Conditions:

• Typically works in a manufacturing plant environment with occasional exposure to machinery and factory floor conditions.
• May require some travel to other facilities or corporate offices.