PennEngineering® · 2 weeks ago
Director of Finance
Waterford, MI
Full-time
Onsite
Director/Executive
10+ years expPennEngineering® is a company seeking to lead its Michigan Finance Shared Services Team. The role involves overseeing financial reporting, managing budgets, and ensuring compliance with corporate financial requirements while also driving cost-saving initiatives.
Industrial Engineering
Responsibilities
Lead Michigan Finance Shared Services Team: 2 Staff Accountants, Accounts Payable, Accounts Receivable and Cost Accountant
Perform / supervise monthly divisional & consolidated financial close
Complete Monthly Financial Reports and Controller’s Report including a written summary of Sales, Mix, Operational, Working Capital and Cash Flow Variances from Budget
Monthly submissions to corporate
Includes ongoing communication with leadership team on performance to budget
Weekly/Monthly Metrics Reports and Executive Staff Meeting Involvement (e.g. Sales to Budget, Efficiency, Spending to Budget, Inventory, Pounds Produced per Line/Man hours, Sales Pareto’s etc. as requested by both plant and financial management)
Prepare Weekly Cash Forecasting
Authorize weekly wire transfers
Perform or supervise all balance sheet account reconciliations including inter-company, fixed assets and bank reconciliations
Track and minimize working capital requirements
Maintain Inventory Reserves according to company Policy
Minimize inventory obsolescence though ongoing monitoring & supervision
Initiate Inventory Reporting to further identify specific Excess, Inactive and Obsolete Inventory and develop a disposition policy that includes maximizing customer recoverable for Raw & Fab. and minimizing part balance-out obsolescence
Compliance with corporate quarterly, annual and interim reporting requirements
Coordination of Internal and External Interim and Year-End Audits
Coordination and completion of annual divisional and consolidated budget
Supervision of Physical Inventories as necessary
Strategic involvement for initiatives in product costing, pricing, sales trends, manufacturing trends and miscellaneous financial initiatives
Administration of Commissions & Bonuses
Perform quarterly Labor and Burden analysis
Maintain and develop internal controls and procedures related to shipping, receiving, A/P, inventory & cycle counting, annual physical inventory, scrap reporting, etc
Monitor and track cost reduction and continuous improvement initiatives (both budgeted and unbudgeted)
Various other accounting duties as requested
Follow all safety requirements to avoid injury to self and fellow employees
Create and maintain a safe work environment; repair and/or report non-conformances to company safety policies and guidelines
Perform the necessary safety requirements to avoid injury to self and fellow employees
Qualification
Required
Bachelor's Degree in Accounting
Minimum of 10 years of accounting experience
Strong leadership skills
Problem solving skills
Detail oriented and excellent organizational skills
Strong verbal and written communication skills
Ability to work under pressure
Company
PennEngineering®
Since our founding in 1942, PennEngineering® has grown to become the premier engineered fastening, installation and wire protection resource worldwide.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
unknown2005-01-17Acquired
Leadership Team
S
Steve Daniels
Chief Financial Officer
D
Damiano Ciliberto
Chief Accounting Officer
Recent News
2025-06-21
Company data provided by crunchbase