Vice President of Finance
Company: MacLean-Fogg Company
Location: Mundelein
Posted on: May 28, 2023
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Job Description:
Founded in 1925, MacLean-Fogg is a family-owned world-wide
enterprise comprised of MacLean-Fogg Component Solutions (MFCS),
and its four primary business groups: Fastener Solutions,
Engineered Solutions, Plastic Solutions and Additive Solutions.
MacLean-Fogg is a leading manufacturer of fasteners solutions,
engineered solutions, plastics solutions and additive solutions for
automotive, heavy truck and other diverse industries. Our more than
1,800 employees work every day to provide our customers with
solutions at a fair price, on time with world class quality.
Job Summary
Over sees Fastener division and will be a key member of the
executive management team that is focused on increasing
productivity, improving business operations, and helping the
company broaden and strengthen its position in the markets they
serve.
Job Duties
---Working in tandem with the Division General Managers and
Controllers to provide a broad strategic overview of the company's
operations. He/she will serve as an "objective" partner in
overseeing the business.
---Operating as an "Internal Financial Advisor" to the SBU
executive teams on strategic growth initiatives.
---Creating a robust financial management system which will serve
the company today and as it continues to grow.
---Developing and facilitating a business planning process and work
with the business unit executives in all aspects of the annual and
long term operating plans.
---Serving as a "Communication Conduit" on financial matters
between the President and SBU management teams.
---Compiling and reporting consolidated monthly, quarterly and
annual financial results with timely, value-added analysis.
---Partner with the executive management team on all operational
and strategic issues as they arise; provide strategic
recommendations based on financial analysis and projections, cost
identification and allocation, and revenue/expense analysis.
---Enhance organizational profitability through the management and
coaching of department leaders regarding budgets, margins,
inventory, and related metrics.
---Oversee budgeting and the implementation of budgets to monitor
progress and present operational metrics both internally and
externally.
---Support new business development through expert analysis and
planning and provide strong oversight and influence on all
contracts for the organization.
---Serve as the liaison with third parties (Auditors and Banks) and
ensure the necessary technological tools and resources are
implemented and managed.
---Participate in developing new business.
---Evaluate and advise on the impact of long-range planning,
introduction of new programs/ strategies and regulatory action.
---Establish effective internal controls and ensure compliance with
GAAP and applicable federal, state, and local regulatory laws and
rules for financial and tax reporting.
Experience and Education
---A minimum of 10 years of increasingly responsible
finance/accounting positions within a manufacturing
environment.
---An ability to conduct a hands-on "deep dive" analysis with the
ability to propose actionable recommendations and solutions in
addition to the "numbers".
---A clear understanding of cost accounting practices and financial
controls.
---An ability to accurately analyze complex financial and
accounting data and communicate it to a wide variety of executives,
professionals, and others in lay terms.
---Lean Manufacturing Exposure
---An understanding of the changing role of a financial executive
that includes a heavy involvement in educating, advising, and
teaching people at all levels throughout the organization.
---Demonstrated experience developing and implementing financial
strategies, plans, policies, and business systems. Previous
experience in restructuring and turnaround is desirable.
---ERP Implementation experience and preferably JD Edwards
experience.
---Public and private accounting experience with significant
financial leadership in the manufacturing industry.
---U.S. GAAP and IFRS expertise
---Heavy background in manufacturing.
---In addition to experience with all the financial and corporate
organizational issues implied above, this individual will be a
broad businessperson. Ideally, he/she will have had some exposure
to tax and treasury functions to properly evaluate and organize
financial information for decision-making and reporting.
---BA/BS in Accounting, Finance, Business Admin or like
discipline
---Certified Public Accountant (CPA) status highly desirable.
---MBA/MA-Finance / Accounting or other advance degree
preferred.
Competencies/ Skills
---Can establish a strong partnering relationship with the
President and be comfortable providing contrarian, credible
counsel.
---Has an ability to command respect through personal presence and
a practical understanding of all aspects of the business.
---Under pressure, can balance the needs of the organization and
prioritize key operating objectives.
---Ability to define problems, collect data, establish facts, and
draw valid conclusions. Ability to proactively interpret an
extensive variety of data and information to develop clear
indicators of the financial and operational performance of the
company. Ability to deal with problems involving several concrete
variables in high stress situations. Detail oriented with
multi-tasking abilities.
---The physical demands and work environment described here as
administrative or general office level needs, which may include up
to 50% travel, are representative of those that must be met by an
employee to successfully perform the essential functions of this
job.
EOE-Minority/Female/Disability/Veteran
Various agencies of the United States Government require employers
to maintain information on applicants pertaining to factors such as
race, sex, and type of position for which an individual applies.
The information requested is voluntary and for compliance with
certain record keeping requirements. MacLean-Fogg Company has a
long-standing commitment to equal employment opportunity for all
its associates and applicants for employment. MacLean-Fogg Company
believes all persons are entitled to equal employment opportunities
and does not discriminate against its employees or applicants for
employment because of race, color, gender, affectional or sexual
orientation, domestic partnership status, ancestry, religion,
national origin,citizenship status, marital status, disability,
veteran status, age or any other protected group status.
Other details
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Keywords: MacLean-Fogg Company, Arlington Heights , Vice President of Finance, Accounting, Auditing , Mundelein, Illinois
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