Director of Finance

Hutchinson; Grand Rapids (MI); On-site; USD 90,000 - 130,000; Full time

Job summary

Hutchinson in Grand Rapids, MI seeks an experienced finance professional to oversee cash flow, forecasting, and working capital management across the manufacturing network.

You will partner with production and procurement to control costs, optimize inventory, analyze revenue streams, and develop long-term budgets and plans, focusing on profitability and performance improvement.

Qualifications

• Oversee cash flow management and forecasting across Working Capital and payments.
• Analyze revenue streams and margins to guide financial decisions monthly.
• Collaborate with production to align budgets with profitability and efficiency.
• Develop and maintain reporting for labor, materials, and indirect costs.
• Lead inventory optimization to reduce excess stock while ensuring supply.

Responsibilities

• Oversee cash flow management and forecasting, ensuring timely monthly analysis.
• Monitor working capital, inventory levels, and payment terms to mitigate risk.
• Analyze margins and revenue streams to support strategic decisions.
• Develop comprehensive industrial performance reports and variances.
• Drive cost control and profitability initiatives across sites.
• Lead long-term planning and budgeting processes to meet targets.

Skills

Cash management

Revenue analysis

Inventory optimization

Financial forecasting

Budget planning

Profitability improvement

Fixed cost control

Performance reporting

Long-term planning

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