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Finance Manager

MRA Recruiting Services

Location: New Ulm, Minnesota
Type: Full-Time, Non-Remote
Posted on: April 20, 2024
Finance Manager
Finance Manager
Windings, Inc.
New Ulm, 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.
• Bachelor's degree in accounting, finance or related field required; CPA certification preferred
• 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.
Physical Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit; reach with hands and arms and talk or hear. The employee is frequently required to use hands and fingers to handle or feel; frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 50 pounds. The employee is regularly required to stand and walk. Specific vision ability by this job includes close vision, distance vision, peripheral vision, depth perception and ability to adjust focus.
Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is occasionally exposed to fumes or airborne particles. The noise level in the work environment is usually moderate.
Other Requirements:
Because employees in this position must handle information covered by the International Trade and Arms Regulations (ITAR) and Export Administration Regulations (EAR), successful applicants will be required to verify their identity and their status as a U.S. citizen or national, U.S. lawful permanent resident, or person granted refugee or asylee status in the U.S.
Equal Opportunity Employer
Windings is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to age, sex, race, color, religion, national origin, age, marital status, political affiliation, sexual orientation, gender identity, genetic information, disability or protected Veteran status. We are committed to providing a workplace free of any discrimination or harassment.
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