JOB SUMMARY

The Finance Director is a member of the Leadership Team with a strategic and systems-approach to supervising and carrying out internal and external financial reporting. Serve as a trusted financial advisor for a public reporting manufacturing company with budgeting, forecasting and analysis of financial statements responsibilities. Serve as a financial advisor for business leadership by providing insightful financial analysis and decision support while optimizing the Company’s return on investments.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

· Responsible for the Company’s annual and long-range strategic plan development, and actionable ongoing forecast reporting and variance analysis for all departments, balance sheet and cash flow.

· Collaborate closely with colleagues to drive continuous improvement of business processes and advancing systems, including ERP implementation and achievement of functional goals.

· Work with Management Team to develop department plans to support a strategic plan that increases the return on investment for the Company.

· Communicate financial and operational performance against key metrics to plan leaders on a weekly, monthly and quarterly basis, leading to recommendations and action plans for future improvement.

· Responsible for Management’s Discussion and Analysis for external reporting.

· Prepare package for Audit Committee and Board of Directors’ meetings, at least quarterly.

· Perform all overhead (including applied labor and overhead liquidation), general and administration and selling expenses estimates and variance analysis.

· Develops and utilizes forward-looking data analytics and trend analysis to inform financial strategy and decision making.

· Experience in revenue recognition methods for products, services, multiple-element arrangements and milestones.

· Prepare annual report, proxy statement and coordinate with tabulation agent for annual meeting.

· Maintain standard reporting tools to help identify key risks and opportunities.

· Support financial and business controls and standards including COSO requirements.

· Responsible for updating post retirement benefits liability with actuary.

· Administration responsibilities for the Employee Stock Ownership Plan.

· Administration responsibilities for the 401k plans.

· Responsible for insurance renewals, except for health insurance.

· Work independently on special projects as required by the CFO.

Perform other duties as assigned.

QUALIFICATIONS

• Bachelor’s degree in Accounting or Finance.
• 15+ years of relevant experience in Financial, Planning and Analysis in manufacturing and services industries.
• Experience as a Segment Finance Lead with complete financial statement responsibility.
• CPA (active or inactive).
• Experience in a manufacturing environment required. Strong cost accounting knowledge.
• Advanced proficiency in Microsoft Office.

PHYSICAL REQUIREMENTS

Hearing: Adequate to perform job duties in person, over the telephone, and in-office setting

Speaking: Must be able to communicate clearly in person, over the telephone, and on the production floor.

Vision: Visual acuity adequate to perform job duties, including the ability to work on a computer screen for long periods of time.

Other: May require lifting and carrying items weighing up to 20 pounds unassisted, including assisting co-workers when required. Adequate physical ability including sufficient manual dexterity to perform the requisite duties. Requires frequent bending, reaching, repetitive hand movements, standing, walking, squatting, sitting, and looking at a computer screen for long periods at a time.

EOE/AA Minority/Female/Sexual Orientation/Gender Identity/Disability/Veteran

Servotronics, Inc. is an Equal Opportunity Employer, and as such affirms the right of every person to participate in all aspects of employment without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, age, veteran status, disability, genetic information, or any other protected characteristic. If you are interested in applying for employment and need special assistance or an accommodation to apply for a posted position, contact our Human Resources department via phone at 716-655-5990.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Physical setting:

• Office

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Ability to commute/relocate:

• Elma, NY 14059: Reliably commute or planning to relocate before starting work (Required)

Work Location: One location

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