What are the responsibilities and job description for the Senior Manager Finance and Strategy position at Toyo Tire?
Toyo Tire North America, Inc. (TNA) is seeking a highly experienced and adaptive finance leader to serve as Senior Manager, Finance and Strategy. Our ideal candidate will bring strong FP&A discipline and actionable insights to support our business operations. This key role will work closely with cross-functional teams such as supply chain, sales and operations, accounting, domestic headquarters (TTHA), and Toyo Japan.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
General:
- Oversees two (2) direct reports across procurement and FP&A, and two (2) indirect reports across cost accounting and financial reporting
- Assist in the development of key performance indicators (KPIs) related to manufacturing costs, inventory management, and supply chain performance.
- Drive the development of financial strategies that align with TNA and Toyo HQ manufacturing goals and desired business metrics
- Collaborate with cross-functional teams to align financial goals with operational objectives
- Stays on top of macro-economic, industry, and market trends and assesses the potential impact to TNA’s business, and provides insights to management
- Supports the preparation and distribution of internal and external financial reporting
- Actively participate in the assessment and identification of IT and system-related projects, including ongoing performance measurement
- Provide financial expertise to support decisions related to production planning, inventory management, and procurement strategies
Financial Planning and Analysis:
- Own and drive the budgeting and monthly/periodic forecasting processes for TNA, working with all stakeholders to ensure completeness and alignment with corporate targets
- Annual P&L budget for entire TNA organization
- Quarterly manufacturing/inventory related forecasting for Toyo Japan (HQ), such as rubber weight forecasting
- Monthly and quarterly P&L forecasting (e.g.,3 3, 6 6) and trend analyses
- Play a key role in the development of the 5-year long range plan (LRP), working with all stakeholders at varying levels of Toyo leadership
- Working with the Sr Cost and Manufacturing Specialist, oversee the preparation of detailed financial analysis, including cost variance analysis, production efficiency metrics, and profitability assessments
- Present financial insights and recommendations to senior executives and stakeholders at various levels of the global organization
- Understand TNA’s business and collaborate with operations teams to identify opportunities for margin and profitability improvements
- With support from the FP&A manager, help manage detailed overhead expense tracking to support TNA profitability goals
- Evaluate and prioritize capital investment opportunities in manufacturing facilities and equipment
- Monitor capital expenditures and ensure adherence to budgets
- Perform ROI analyses on capital investments and non-capital spend, including lookback calculations
Procurement:
- Coordinating with Purchasing Manager the operational functions for TNA
- Oversee the coordination of domestic and international purchasing and logistics of raw material and supplies, along with supplier management
- Coordinate and participate in domestic supplier audits and resolution of supplier issues in quality, supply, and logistics
- Establishes and maintains relationships with key suppliers and service providers, and develops performance criteria to assess relationships annually
- Drive negotiations with vendors in line with Toyo policies and develop success criteria
- Act as lead to assessing financial viability for new projects, ensuring alignment with ROI and payback criteria
Cost Optimization Efforts:
- Drive improved operational performance and financial outcomes through strong partnerships with plant and supply chain management
- Initiate and manage comprehensive cost reduction efforts throughout manufacturing operations, targeting savings in labor, materials, overhead, and supply chain cost
- Work alongside operations teams to discover and implement process improvements that reduce waste.
Leadership & Development:
- Oversee and continuously improve the training program for the accounting team.
- Provide coaching, mentoring, and leadership development for direct reports.
- Foster a culture of accountability, continuous improvement, and professional growth.
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- 15 years of progressive experience in finance, with a focus on manufacturing or supply chain operations
- Bachelor’s degree in accounting, finance, or a related field
- Expert Excel aptitude with ability to work with large data sets and advanced formulae (Pivot Tables, XLOOKUP's, etc.); excel-based modeling is a plus
- CPA or an MBA is preferred
- Japanese fluency (oral and written) is a plus
- Effective and professional communication skills, both written and oral
- Proven track record of driving cost optimization initiatives
- Experience in building and managing finance functions in large organizations
- Experience with implementing ERP/FP&A systems is a plus