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Director of Finance

Company: Prym Consumer USA
Location: Spartanburg
Posted on: January 14, 2020

Job Description:

Overview Headquartered in Germany, with almost 500 years in existence Prym is a global leader in consumer products that relate to home hobbies, crafting, quilting, and sewing. -Our brand portfolio, new product introduction process and global supply chain management systems have helped us to have continual year on year growth. -This position has management responsibility of three direct reports and interacts with all levels of management throughout the organization. - The Director of Finance will report directly to the CEO and have responsibilities including but not limited to: annual budgeting and forecasting, helping to manage customer and external consultant relationships, internal and external reporting responsibilities, evaluating new investment opportunities, asset management, and assisting the CEO in corporate finance responsibilities. *This position is based and workes in Spartanburg, SC with no relocation provided. - The Director of Finance responsibilities include, but are not limited to: - - - - - - - -Identify best in class financial benchmarks within the industry - - - - - - - -Create KPI's to measure against benchmarks and report appropriately - - - - - - - -Implement continuous improvement processes to achieve best in class metrics - - - - - - - -Assist CEO in determining preliminary valuations of potential targets - - - - - - - -Monitor financial health of primary customers through industry trade events and contacts - - - - - - - -Develop processes to monitor and optimize cash flow to ensure compliance with debt covenants - - - - - - - -Identify and monitor leading indicators of potential financial duress on company and take appropriate action - - - - - - - -Managing the annual budget and forecasting process - - - - - - - -Calculate variances from the budget and investigate deviations - - - - - - - -Provide financial analyses as needed, in particular for capital investments, pricing decisions, and contract negotiations - - - - - - - -Coordinate information to external auditors for the annual audit and tax returns - - - - - - - -Comply with local, state, and federal government reporting requirements and tax filings - - - - - - - -Manage the monthly close process - - - - - - - -Ad hoc financial due diligence projects - - - - - - - -Employee Development and Retention - - - - - - -Create/Maintain a culture of mutual trust, empowerment and accountability - - - - - - -Identify/coach underperformance in a proactive manner - - - - - - -Serve as a mentor/coach for direct reports and others within the organization - - - - - - - -Creation of GAAP periodic financial reports - - - - - - - -Maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk - - - - - - - -Maintain a documented system of accounting policies and procedures - - - - - - - -Manage third party Royalties - - - - - - - -Manage the Capital Expenditure Budget and fixed asset acquisition process as well as tooling -at third party factories - - - - - - - -Oversee the cash collections and wire transfer process - - - - - - - -Consolidate the Canadian subsidiary into the US parent on a monthly and annual basis - - - - - - - -Ensure that accounts payable are paid in a timely manner - - - - - - - -Ensure that all reasonable discounts are taken on accounts payable - - - - - - - -Ensure that accounts receivable are collected promptly - - - - - - - -Maintain a system of controls over accounting transactions - - - - - - - -Manage issuance of timely and complete financial statements - - - - - - - -Coordinate the preparation of the corporate annual report and roll up - - - - - - - -Recommend benchmarks against which to measure the performance of company operations - - - - - - - -Calculate and issue financial and operating metrics - - - - - - - -Serve as business partner to other members of management Qualifications: - - - - - - - -Bachelor's degree in accounting, MBA preferred - - - - - - - -The equivalent business experience and 10+ years of relative experience - - - - - - - -Substantial experience with SAP, Excel, GAAP - - - - - - - -Strong communication and analytical skills - - - - - - - -Preference will be given to candidates with the Certified Public Accountant (CPA) designation

Keywords: Prym Consumer USA, Spartanburg , Director of Finance, Accounting, Auditing , Spartanburg, South Carolina

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