Finance Manager
Company: Sugaright
Location: Fairless Hills
Posted on: October 3, 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
SalaryPIc72b488cb676-31181-35419170
Keywords: Sugaright, Jersey City , Finance Manager, Accounting, Auditing , Fairless Hills, New Jersey
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