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Vice President of Finance

Company: MacLean-Fogg Company
Location: Mundelein
Posted on: May 28, 2023

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.

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

  • Job Family Finance Supervisory
  • Pay Type Salary

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Keywords: MacLean-Fogg Company, Arlington Heights , Vice President of Finance, Accounting, Auditing , Mundelein, Illinois

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