Finance Manager

Destination Knitting; South Elgin (IL); On-site; USD 120,000 - 150,000; Full time

Benefits offered by this job

Medical insurance

Vision benefits

Dental plan

Paid time off

Sick leave

Job summary

Destination Knitting in Illinois is seeking a hands-on Finance Manager to lead FP&A, budgeting, forecasting, and financial reporting to support profitable growth and cash flow.

This role partners with executives to build models, analyze EBITDA and margins, and drive improvements in processes and supply chain visibility. The ideal candidate has 5+ years of experience, strong Excel and QuickBooks Online, and professional designation preferred.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
• 5+ years of FP&A, corporate finance, accounting, or related financial experience.
• Experience leading FP&A, budgeting, forecasting, financial modeling, financial reporting, variance analysis, cash flow planning, scenario planning, and business projections.
• Advanced proficiency in Microsoft Excel and QuickBooks Online.
• CPA, CMA, MBA, or another relevant professional designation is preferred.
• Experience with financial reporting or business intelligence tools is a plus.

Responsibilities

• Lead the annual budgeting process and maintain rolling forecasts, long-range financial projections, and dynamic planning models that support business growth and decision-making. Will manage the accounting team.
• Develop and maintain integrated financial models, forecasting tools, scenario analyses, and projections to support strategic planning, capital allocation decisions, business decisions, and company initiatives.
• Own the development and continuous improvement of company-wide forecasting methodologies, driver-based planning models, and predictive financial analyses to improve visibility into future performance.
• Analyze financial and operating performance, including results against budget, forecast, and projections, and provide actionable recommendations to improve revenue, EBITDA, profitability, and efficiency.
• Actively monitor and project cash flow, working capital, liquidity, and overall financial performance to support a strong and sustainable financial position.
• Prepare monthly financial reporting packages, including key performance indicators, variance analysis, and management commentary.
• Partner with department leaders to establish budgets, evaluate spending, and improve accountability for financial results.
• Create clear financial metrics, dashboards, and reporting tools that support company strategies and decision-making.
• Maintain product costing structures and complete supply chain, inventory, vendor, freight, and margin analyses to identify pricing, sourcing, and profitability opportunities.
• Support month-end and year-end close activities in partnership with the accounting team.
• Assist with audits, tax reporting, and compliance requirements as needed.
• Take a hands-on role in identifying and implementing improvements to financial processes, reporting accuracy, supply chain visibility, and operational efficiency.

Skills

Financial analysis

Financial modeling

Forecasting

Budgeting

Cash flow

Leadership

Communication

Education

Bachelor's degree in Finance/Accounting/Business Administration or related field

CPA/CMA/MBA or equivalent

Tools

Excel

QuickBooks Online

Job description

Destination Knitting is a specialty fiber arts retailer dedicated to providing premium yarns, knitting supplies, and exceptional customer service to knitting and crochet enthusiasts. Operating under the Wool & Company brand, the organization is known for its extensive product selection, welcoming customer experience, educational resources, and strong community engagement within the fiber arts industry. The team is passionate about creativity, craftsmanship, and helping makers of all skill levels find the products and support they need for their projects

The Opportunity

Destination Knitting is seeking a hands-on, analytical, and strategic Finance Manager to lead financial planning, reporting, performance analysis, and financial support for business decisions across the company. This role will partner closely with executive leadership and department leaders to turn financial and operating information into clear, actionable insights that support profitable growth, stronger cash flow, and sound business decisions.

The ideal candidate combines strong financial and accounting knowledge with a practical, hands-on business mindset. This person is comfortable working at both the strategic and detailed levels, from building sophisticated financial models, developing short-and-long-term forecasts, and creating scenario-based projections to analyzing supply chain performance, EBITA, margins, and cash flow, while supporting the monthly close and improving financial processes.

What You Will Do

Responsibilities

• Lead the annual budgeting process and maintain rolling forecasts, long-range financial projections, and dynamic planning models that support business growth and decision-making. Will manage the accounting team.
• Develop and maintain integrated financial models, forecasting tools, scenario analyses, and projections to support strategic planning, capital allocation decisions, business decisions, and company initiatives.
• Own the development and continuous improvement of company-wide forecasting methodologies, driver-based planning models, and predictive financial analyses to improve visibility into future performance.
• Analyze financial and operating performance, including results against budget, forecast, and projections, and provide actionable recommendations to improve revenue, EBITA, profitability, and efficiency.
• Actively monitor and project cash flow, working capital, liquidity, and overall financial performance to support a strong and sustainable financial position.
• Prepare monthly financial reporting packages, including key performance indicators, variance analysis, and management commentary.
• Partner with department leaders to establish budgets, evaluate spending, and improve accountability for financial results.
• Create clear financial metrics, dashboards, and reporting tools that support company strategies and decision-making.
• Maintain product costing structures and complete supply chain, inventory, vendor, freight, and margin analyses to identify pricing, sourcing, and profitability opportunities.
• Support month-end and year-end close activities in partnership with the accounting team.
• Assist with audits, tax reporting, and compliance requirements as needed.
• Take a hands-on role in identifying and implementing improvements to financial processes, reporting accuracy, supply chain visibility, and operational efficiency.

What You Bring

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• At least 5 years of progressive experience in financial planning and analysis, corporate finance, accounting, or a related financial role.
• Experience leading financial planning and analysis (FP&A), budgeting, forecasting, financial modeling, financial reporting, variance analysis, cash flow planning, scenario planning, and business projections.
• Advanced proficiency in Microsoft Excel and QuickBooks Online.
• CPA, CMA, MBA, or another relevant professional designation is preferred.
• Experience with financial reporting or business intelligence tools is a plus.

Skills and Attributes

• Strong financial analysis, financial modeling, forecasting, predictive planning, scenario analysis, business projections, and cash flow management capabilities.
• Advanced proficiency in building three-statement financial models, operating forecasts, scenario models, and long-range planning tools.
• Ability to translate complex financial and supply chain information into practical insights that guide strategic business decisions.
• Excellent organizational, planning, and project management skills.
• Strong leadership, collaboration, and communication skills.
• Exceptional analytical thinking, problem-solving ability, and attention to detail.
• Confidence communicating recommendations clearly, respectfully, and professionally.
• Self-directed approach with the ability to prioritize multiple responsibilities and meet deadlines.
• High degree of integrity, accountability, sound judgment, and professionalism.

Benefits: Medical, Vision, Dental, PTO, and Sick

Equal Opportunity Employer

Compensation and Benefits

Individual salaries offered to a candidate are determined after consideration of numerous factors, including internal equity, market data, and the candidate's qualifications, including but not limited to specialty skills, prior relevant industry experience, and relevant degrees or certifications. The salary range estimate below is inclusive of all departments, and offered salaries may vary within the given range between departments. A reasonable estimate of the annualized base salary range for this level is $120,000 to $150,000, plus other competitive benefits.