What are the responsibilities and job description for the Director of Finance position at Hutchinson?
This position requires a strategic and results-driven professional to lead our financial operations across our manufacturing sites in Michigan and Mexico. This pivotal role requires a seasoned finance professional with a deep understanding of the importance of Industrial Management Controls within our manufacturing sites related to cash management, revenue analysis, production standards, and industrial performance reporting. The ideal candidate will possess a strong ability to optimize profitability, manage fixed costs, enhance inventory reliability, to ensure budgets and forecasts are met or exceeded. This position reports directly to the Executive Vice President, Hutchinson Antivibration Systems, North America.
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ESSENTIAL DUTIES AND RESPONSIBILITIES:
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: Annually prepares the LTP and Budgets for HAVS North America with the Executive Vice President, Sales, and other cross functional departments.
Cross-Functional Collaboration: Work closely with operations, sales, and supply chain teams to align financial strategies with overall business goals and objectives
REQUIREMENTS:
Bachelor's degree in finance, accounting, or related field; MBA or relevant professional certification (CMA, CPA) preferred.
Minimum of 10 years of progressive financial management experience within the automotive industry (tier one automotive supplier) with at least 5 years in a leadership role within a manufacturing environment.
Strong expertise in cash management, financial analysis, and performance reporting.
Proven track record in managing fixed costs and optimizing profitability.
Experience with inventory management and production standardization in a manufacturing setting.
Exceptional analytical and problem-solving skills, with a strategic mindset.
Excellent communication and interpersonal skills, with the ability to influence and collaborate across all levels of the organization.
Proficiency in financial software and ERP systems; advanced Excel skills required.
Bilingual English and Spanish preferred
EEO ACCOUNT ABILITY STATEMENT:
Implement and assure adherence to Governmental and Company policies regarding Equal Employment Opportunity and Affirmative Action Plan compliance in the organization under the incumbent's span of control. Ensure that subordinate managers are fully aware of Company objectives and goals regarding Equal Employment Opportunity and Affirmative Action Plans and that they conform to requirements and intent of these programs.
SAFETY ACCOUNTABILITY STATEMENT:
The incumbent is responsible for having suitable safety programs in place that will safeguard the employees while at work. Incumbent is further responsible for overall implementation of these programs and adherence to local and Corporate Safety Policies.
What We Offer:
Competitive Compensation
Enjoy an attractive salary that reflects your skills, experience, and contributions.
Comprehensive Health Benefits
Choose from a range of medical, dental, and vision insurance options to fit your needs and those of your family.
Company-Paid Coverage
We provide company-sponsored Long-Term Disability, Short-Term Disability, Life Insurance, and AD&D Insurance, with the option to enhance your coverage through buy-up plans.
Generous Paid Time Off
Recharge with competitive PTO policies that support your personal time, holidays, and overall well-being.
Retirement Planning
Prepare for your future with our 401(k) retirement plan, featuring an employer match to help you grow your savings
Global Opportunities & Local Impact
Be part of a company that offers international collaboration and local empowerment, giving you the chance to make a real impact while building a global career.
Hutchinson is an Equal Employment Opportunity Employer. We are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and employees without regard to race, color, religion, sex, pregnancy, national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information, military and veteran status, and any other characteristic protected by applicable law.
Hutchinson believes that diversity and inclusion among our employees is critical to our success, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool. Employment at Hutchinson is based on merit, competence, and qualifications, and we are committed to providing equal opportunities for training and advancement for all employees. Hutchinson is also committed to making our application process accessible to individuals with disabilities and will provide reasonable accommodations upon request.
Hutchinson is committed to protecting your personal data and adhering to data protection regulations, including the GDPR. We collect and process your data to provide our services and manage our operations, with measures in place to ensure its security. You have rights regarding your data, including access and erasure. Please refer to our full Privacy Policy for more details and contact information for data protection matters.
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