Finance Manager

Company: Sugaright
Location: Fairless Hills
Posted on: November 7, 2024

Job Description:

Description: SUMMARY:
This position will work directly under the Director of Finance to manage, audit, and streamline the Accounting and Finance function for Sugaright, LLC, a wholly owned subsidiary of CSC Sugar, LLC. Candidate will work within a team of five that manages full cycle AP, AR, inventory and cost accounting, cash management, monthly close & financial statement production, and annual and long-term financial planning and analysis for a $700m+ revenue manufacturing business with six domestic liquid sucrose manufacturing facilities. The ideal candidate will have 5+ years of experience in progressively senior Finance and/or accounting roles and a desire to join a growing team and business seeking to mature its accounting processes and controls.
This will be an in-office role based in Sugaright's corporate headquarters in Fairless Hills, PA. Travel may comprise up to 20% of time for this role on an as needed basis.
Primary job responsibilities include (But not limited to):
1. Fixed Assets:

• Maintain capital asset ledgers for all locations (9 total).
• Develop and implement best practices for recording capital transactions from Procure/Pay to Capitalization/Depreciation.
• Balance Sheet reconciliation, asset tracking/tagging, and adherence to GAAP treatment of capital expenditures.
• Evaluate and reconcile current fixed asset inventory consisting of -3,000 assets at over $40m in NBV.
• Updating ledgers to capture disposals, additions, or relocations as needed.
• Work with VP of Engineering, CEO & Director of Finance to analyze critical metrics of capital projects (ROI/ROE, NPV, IRR).
• Develop capital cash flow forecasts based on project schedules and PO records.
• Complete post-commission financial analysis of all significant projects.
• Validate financial outcomes used in project justifications (operating cost savings, headcount reduction, throughput increase, etc)2. AP, AR, Cash Management:
  • Oversee and audit current AP process from vendors.
  • Supervise invoice receipt & approval and coding to ensure internal policies are followed.
  • Ensure GL coding is consistent across sites and vendors.
  • Oversee and audit current AR process from order shipment to invoicing and collection.
  • Manage use of vendor-specific EDI invoice uploads and early pay/supply chain finance tools for 12+ customers with extended payment terms.
  • Work with Sr Accountant and Treasurer to forecast cash flow needs for $3-4m in average weekly outgoing payments.
  • Support implementation of new corporate card program in compliance with IRS and Company T&E guidelines. 3. FP&A and Other Duties:
    • Assist in development and preparation of annual operating budgets.
    • Review and analyze data for accuracy, consistency and cost saving opportunities.
    • Review financial statements monthly and analyze variations of actual results against budget and prior period.
    • Identify actionable feedback for operations leaders to improve cost performance.
    • Support sales function by validating customer pricing models.
    • Compare and contrast actual cost buildups to sales models to reconcile any deviations from expected margin and volume.
    • Lead preparing responses to all external audits including typical annual third-party audit and 3-6 ad-hoc audits annually from lenders, insurers, and government entities.Requirements:
      • Bachelor's degree in finance, Accounting, or related field.
      • Strong Excel skills required, experience with Microsoft Dynamics GP a plus
      • Experience in manufacturing or commodities industry a plus
      • CPA/MBA/CMA not required but would plus
      • Public Accounting experience not required but would be a plus
      • Fluency in English - written and spoken required (Spanish fluency preferred but not required).
      • Understanding of Full Cycle AP, AR, Inventory and Cost Accounting.
      • Intimate familiarity of Cash Management, Monthly close and Financial statement generation.
      • Comprehensive knowledge of Annual + long term Financial planning and Analysis.
        
        
        
        Compensation details: 100000-110000 Yearly Salary
        
        
        
        PI0f699a3d07e1-37248-35419170

Keywords: Sugaright, Baltimore , Finance Manager, Executive , Fairless Hills, Maryland