Director of Finance

Description

Coburn Technologies, Inc. designs, engineers, manufactures and services computer-integrated optical lens processing systems and their related consumables and supplies. Our products are used in making prescription lenses, and then coating and shaping them to fit into eyeglass frames. Headquartered in South Windsor, CT we operate with integrity and other values in a culture built on serving our customers. We are seeking a motivated and dedicated individual to join our team!

The Director of Finance is a key member of Coburn's senior leadership team and will provide financial leadership to develop and grow business strategies. The successful candidate will be passionate about financial goals and highly collaborative, advising while delivering results, is a contributor to the day to day accounting needs and ready to provide insight and strategy with other key personnel. This position reports directly to the President of Coburn.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Prepare monthly financial statements in a five-day close environment, including preparing, reviewing, and analyzing journal entries, reconciliations, and reports, in accordance with IFRS. This role handles key accounting items such as timing of revenue recognition, intercompany transactions, payroll entries, lease accounting, fixed assets, engineering projects, bad debt reserves, and consolidating and consolidated financials. 

2. Improve financial results by explaining causes of unexpected variances, identifying and highlighting trends, and recommending actions to senior management.

3. With the assistance of functional leaders, prepare, review, and finalize the annual budget. Ensure appropriate processes are in place to compare and analyze actual results versus budget for the various companies and cost centers individually as well as the company as a whole.

4. Manage yearly reviews, audits, and income tax preparation with external accounting and tax firms for the parent company and subsidiaries of the company.

5. Perform cost accounting duties to prepare annual standard cost roll and review transfer pricing rates. Review service department rates and update as needed.

6. Monitor and forecast cash flow.

7. Oversee accounts payable and accounts receivable.

8. Manage sales tax filings and business tax filings, such as business registrations, personal property tax returns, unclaimed property returns, etc.

9. Perform supply chain functions including purchasing equipment for distribution, negotiating prices and terms with suppliers, maintaining master data in ERP system, and proactively reviewing reports and providing feedback. 

10. Establish and maintain internal controls and procedures that are effective and designed appropriately to verify the integrity of all systems, processes, and data. 

11. Assist and lead process improvement projects to automate and streamline current finance and supply chain procedures to maximize the contribution to strategic business goals.

12. Manage assigned personnel through work allocation, training, and problem resolution; evaluate performance of assigned personnel; and motivate employees to achieve peak productivity and performance. Act as back-up to personnel that are out of office.

13. Communicate with co-workers, management, vendors, customers, and others in a courteous and professional manner.

14. Conform with and abide by all regulations, policies, work procedures and instructions.

Requirements

•  Bachelor’s degree in Accounting or Finance. Master’s Degree and CPA designation preferred.
• At least 5 years of experience in financial management with progressive job responsibilities in a manufacturing environment.
• Detail oriented with high degree of organization and accuracy.
• Ability to multitask, work under pressure, and meet deadlines in a fast-paced environment.  
• Superior collaboration skills. This position regularly works with multi-functional teams from multiple business entities. 
• Strong interpersonal, leadership, verbal, and written communication skills.
• Ability to maintain confidentiality and operate with the highest level of honesty and integrity.
• Advanced computer skills using MS Office and accounting software. Infor SyteLine highly desired. Experience with Vivid Reports and PowerBI, a plus.
• Ability to read and comprehend complex information such as purchase orders, terms and conditions, legal documents, freight and logistics documents, correspondence, and other documentation. 

Supervisory Responsibility

This position is responsible for managing the finance and purchasing departments, with five direct reports consisting of Accountant, Finance Coordinator, Credit and Collections, Senior Buyer Planner, and Buyer. 

Salary : $100,000 - $130,000