Apply on Employer Site

magniX · 7 hours ago

Director of Finance

Everett, WA

Full-time

Onsite

Director/Executive

$180K/yr - $240K/yr

7+ years exp

MagniX is a pioneering company based in the Pacific Northwest, specializing in electric propulsion and battery technology for the aerospace industry. The Director of Finance will oversee all financial operations, develop financial strategies, and ensure the company’s financial stability and growth, while leading the finance team and maintaining compliance with financial regulations.

AerospaceAir TransportationElectrical Distribution

No H1B

U.S. Citizen Only

Responsibilities

Oversee the company’s fiscal activity, including budgeting, reporting and auditing

Ensure the financial statements are accurate and comply with regulatory standards

Manage cash flow and working capital to maintain the financial health of the company

Develop and maintain financial policies, procedures, and internal controls

Ownership for all accounting operations including Payroll, AR, AP, GL, Cost Accounting, Inventory Accounting, Revenue Recognition, Bill of Materials

Own and manage process and system enhancements to drive efficiency, effectiveness, and scalability

Ensure timely and accurate financial reporting and KPIs to stakeholders, including the leadership team, board of directors, and external partners

Ensure compliance with financial regulations and standards, including tax filings and audits

Coordinate and oversee external audits and liaise with auditors

Develop and manage annual budgets, monitoring performance against budget and recommending corrective actions as needed

Maintain rolling weekly cash flow forecasts to provide visibility on funding requirements

Monitor and control expenses to ensure alignment with financial goals

Lead the financial planning and analysis process, including budgeting and forecasting

Analyze and present complex financial/accounting information in simple terms, with insights, conclusions and recommendations to senior leaders to guide business decisions

Identify and manage business and financial risks, developing strategies to mitigate them

Monitor changes in financial regulations and standards, ensuring the company’s compliance

Develop and monitor control systems designed to preserve company assets and report accurate financial results

Lead and mentor the finance team, fostering a collaborative and high-performance culture

Provide training and development opportunities to finance staff to enhance their skills and knowledge

Conduct performance evaluations and manage the performance of finance team members

Ensure compliance with the law and company’s policies

Maintain a system of policies and procedures that impose an adequate level of control over finance department activities

Qualification

Certified Public AccountantFinancial analysisBudgetingForecastingFinancial management softwareAccounting principlesLeadership experienceTeam developmentRisk managementCommunication skills

Required

Bachelor's degree in accounting or finance

Certified Public Accountant, with prior audit experience in a Big 4 accounting firm

7+ years of experience leading financial functions in a manufacturing organization

10+ years' experience in an accounting-related role, having been responsible for month-end / year-end closing processes, general ledger functions and internal controls and compliance

Strong knowledge of financial analysis and forecasting

Knowledge of accounting principles, standards, and regulations

Proficient in the use of MS Office and financial management software including ERP systems (e.g. SAP Business One)