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Finance Manager
Windings New, MN
$118k-151k (estimate)
Full Time | Durable Manufacturing 2 Months Ago
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Windings is Hiring a Finance Manager Near New, MN

Description

* This position can work either at our New Ulm, MN facility or at our office in Eden Prairie, MN

If you are interested in becoming an employee owner, read on...

Windings Inc. thrives on the strength of our employee ownership. As a 100% employee-owned company, our dedicated and innovative workforce serves critical industries like Aerospace, Defense, Automotive, Medical, Oil & Gas, and more. Since transitioning to an Employee Stock Ownership Plan (ESOP) in 1998, every one of our 150 employees is an owner or on the path to becoming one.

Join our team and enjoy unique ESOP benefits. We aim to contribute an average of 10-12% of your yearly earnings to your ESOP account, allowing your retirement savings to grow through compound interest without any out-of-pocket expense. Your success is our success, and we're excited to share it with you! Another way that we share with our Employee Owners is through our quarterly production bonuses program. Our salary and compensation package are hard to beat.

With our ESOP, forward-thinking approach, and unwavering commitment to our employees and customers, we've established ourselves as industry leaders and community contributors. Our remarkable teams embody our purpose: "Powering Systems and Empowering Lives."

What you will be responsible for:

The Finance Manager is responsible for overseeing the financial landscape to ensure accuracy, compliance, and strategic alignment. The Finance Manager will need a keen eye for detail, exceptional analytical skills, and a deep understanding of financial principles, and plays a critical role in financial planning, reporting, and analysis efforts to facilitate informed decision-making. Finance Manager performs various financial functions, including budget management, financial analysis, reporting, and risk mitigation.

  • Financial Analysis and Reporting: Conduct thorough financial analysis, utilizing data to uncover insights, trends, and areas for improvement. Prepare comprehensive financial reports, including statements, forecasts, and variance analysis, to support effective decision-making by senior management. General ledger activities including journal entries, monthly closing tasks and preparation of monthly supporting schedules will be necessary to support reporting and analysis.
  • Budget Management: Development, monitoring, and management of budgets across departments; work collaboratively to ensure alignment with strategic objectives while identifying opportunities for cost optimization.
  • Risk Management: Identify potential financial risks and develop strategies to mitigate them; implement internal controls to safeguard assets, ensuring compliance with regulations and internal policies.
  • Financial Strategy: Play an instrumental role in shaping the company's financial strategy, contributing insights on resource allocation, investment opportunities, and revenue enhancement. 
  • Team Leadership: Lead, mentor, and motivate a team of finance professionals by providing guidance that will foster a cohesive and productive environment, empowering team members to excel in their roles.
  • Collaboration: Collaborate with auditors, tax advisors, and external stakeholders to facilitate smooth audits and compliance. Manage banking partnerships.
  • Cash Flow Management: Oversee cash flow by analyzing liquidity needs, optimizing working capital, and coordinating with departments to ensure efficient cash utilization.
  • Accounts Payable: Manage the accounts payable accounting process including coding and matching GRN.
  • Payroll:  Manage outside payroll processing vendor and collaborate with HR to ensure payroll is processed timely and accurately. 

Requirements

Education:

  • Bachelor's degree in accounting, finance or related field required; CPA certification preferred.

Experience: 

  • 5-7 years proven experience in finance or accounting roles, with at least 2 years in a managerial or supervisory capacity.

Knowledge / Skills:

  • Strong understanding of financial principles, regulations, and best practices.
  • Proficiency in financial analysis, budgeting, and forecasting.
  • Excellent knowledge of accounting software and financial management tools.
  • Advanced proficiency in Microsoft Excel and other relevant software applications.
  • Strong analytical, problem-solving, and communication skills.
  • Effective leadership and team management abilities.
  • Attention to detail, accuracy, and commitment to meeting deadlines.
  • Use the utmost discretion in all presentations/correspondence and communication for staff and senior leadership. 

Job Summary

JOB TYPE

Full Time

INDUSTRY

Durable Manufacturing

SALARY

$118k-151k (estimate)

POST DATE

04/05/2024

EXPIRATION DATE

07/01/2024

WEBSITE

windings.com

HEADQUARTERS

NEW ULM, MN

SIZE

100 - 200

FOUNDED

1965

CEO

HEATHER BRAIMBRIDGE-COX

REVENUE

$10M - $50M

INDUSTRY

Durable Manufacturing

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About Windings

NOW HIRING!!! For additional information on available positions, please visit the Careers section of our website: https://www.windings.com/about-us/careers/ Windings is an employee owned company with over 50 years of experience in building components for custom contract motor manufacturers. We manufacture critical components for OEMs in the motion control, medical devices, avionics, aerospace, defense, power generation, underwater, oil and gas, outer space, robotics, defense and automotive industries, globally. AS9100 Certified, our customers count on us to collaborate with them to be a valuab ... le resource to help them overcome production issues, reduce development time, minimize cost and launch new and innovative products. As a custom contract manufacturer, were a full-service motor manufacturing company that collaborates with design engineers to design, create an iterative prototype process and build motors, brushless, stators, rotors, precision magnetic assemblies, insulated lamination stacks, precision wound coils, end products include directional drilling, boring, pumps, flight surface control, avionics, hydraulic to electromagnetic conversion, submersible, high speed, high frequency applications, and other custom wound products and higher level assemblies, including full motors. More
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The following is the career advancement route for Finance Manager positions, which can be used as a reference in future career path planning. As a Finance Manager, it can be promoted into senior positions as a Finance Manager, Sr. that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Finance Manager. You can explore the career advancement for a Finance Manager below and select your interested title to get hiring information.

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If you are interested in becoming a Finance Manager, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Finance Manager for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

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Analyze market trends and identify opportunities for growth/expansion.

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Experience in the financial sector with previous possible roles such as financial analyst

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Step 3: View the best colleges and universities for Finance Manager.

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