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LHH is partnering with a publicly traded manufacturing organization in search for their next Senior Finance Manager. The Senior Finance Manager will oversee operations finance and act as a strategic partner who assists the Business Unit Controller in managing the organization's financials.The position oversees cost of goods sold, inventory accounting and valuation, and strategic direction of the cost accounting function.Responsibilities:• Apply cost accounting principles across manufacturing plants.• Prepare financial analyses of manufacturing variances, gross margin, and excess and obsolete inventory.• Manage and improve the analysis of KPIs• Assist in presenting monthly results to the leadership team.• Manage the forecast and budget process for all facilities.• Drive cost management and productivity initiatives across operations. Identify cost reduction and operational efficiency improvement opportunities.Experience:• Bachelors degree in Accounting or Finance• 8+ years of prior accounting or finance experience required, with 2+ years in a management level position• Strong analytical skills and experience with analytical tools such as SQL, Power BI, or Tableau• Financial modeling skills with an emphasis in Cost Accounting from a manufacturing environment• Proficiency using an ERP system

Average salary estimate

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$137500 / ANNUAL (est.)
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$125K
$150K

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What You Should Know About Senior Finance Manager, LHH

Are you ready to take your career to the next level? Join LHH as a Senior Finance Manager at our thriving publicly traded manufacturing organization in Hoffman Estates, IL! In this pivotal role, you will not only oversee operations finance but also serve as a strategic partner to the Business Unit Controller, helping to navigate the financial landscape of our organization. Your expertise in managing cost of goods sold, inventory accounting, and valuation will shine as you apply cost accounting principles across our manufacturing plants. You’ll dive deep into financial analyses, exploring areas such as manufacturing variances and gross margin, all while adeptly managing our KPIs. Your role will be dynamic, requiring you to present monthly results to our leadership team and manage the robust forecast and budget processes for all facilities. We are looking for someone who is not just skilled but also proactive in driving cost management and productivity initiatives, identifying those golden opportunities for cost reduction and operational efficiency. If you hold a Bachelor’s degree in Accounting or Finance, possess over eight years of experience in finance or accounting, and have at least two years in a management position, we encourage you to apply! Proficiency in analytical tools like SQL, Power BI, or Tableau will set you up for success, and experience with financial modeling in a manufacturing environment is a must. Step into a role where your contributions can make a real impact.

Frequently Asked Questions (FAQs) for Senior Finance Manager Role at LHH
What are the primary responsibilities of a Senior Finance Manager at LHH?

As a Senior Finance Manager at LHH, your primary responsibilities include overseeing operations finance, managing cost of goods sold, and ensuring accurate inventory accounting and valuation. You will partner with the Business Unit Controller to present financial analyses and key performance indicators while driving productivity and cost management initiatives.

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What qualifications do I need for the Senior Finance Manager position at LHH?

To be considered for the Senior Finance Manager role at LHH, you need a Bachelor’s degree in Accounting or Finance, along with over eight years of accounting or finance experience. Most importantly, you should have at least two years of management experience and proficiency in using analytical tools like SQL, Power BI, or Tableau.

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How does the Senior Finance Manager contribute to LHH's success?

The Senior Finance Manager at LHH plays a crucial role in contributing to the company's success by analyzing financial variances, preparing insightful reports for the leadership team, and identifying cost-saving and operational efficiency opportunities, thereby driving overall financial performance.

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What tools should a Senior Finance Manager at LHH be familiar with?

A Senior Finance Manager at LHH should be familiar with analytical tools such as SQL, Power BI, and Tableau. Additionally, experience with ERP systems is essential for efficiently managing finances and improving reporting processes.

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What experience level is required for the Senior Finance Manager role at LHH?

LHH requires candidates for the Senior Finance Manager role to have a minimum of eight years of prior accounting or finance experience, with at least two years in a management-level position. This ensures that the candidate has the necessary expertise to successfully lead the finance operations.

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Common Interview Questions for Senior Finance Manager
Can you describe your experience with cost accounting in a manufacturing environment?

When answering this question, focus on specific examples of how you've applied cost accounting principles in previous roles. Highlight any successes in cost reduction or improvements you've implemented to demonstrate your impact on the organization's financials.

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How do you manage budget forecasting effectively?

Discuss the specific techniques you employ for accurate budget forecasting, such as using historical data, collaborating closely with department heads, and utilizing financial modeling tools. Show your familiarity with processes that improve forecasting accuracy.

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What strategies do you use to analyze KPIs?

Explain the approach you take to develop and monitor KPIs, emphasizing how you've used them to drive decisions or improve performance in previous roles. It's helpful to mention the specific KPIs you've tracked and the insights gained.

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How do you communicate financial results to non-financial stakeholders?

Illustrate your ability to translate complex financial data into digestible information for non-financial colleagues. Use examples of reports or presentations you've created and the feedback received to demonstrate your communication skills.

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What financial models have you developed, and what were their outcomes?

Share examples of financial models you’ve created, outlining the objectives of these models and the results they yielded. Discuss how these models informed decision-making or operational changes.

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How do you stay current with financial regulations and standards?

Explain any memberships, courses, or resources you use to stay updated on financial regulations and standards, emphasizing your commitment to continual learning and compliance in your financial practices.

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Can you discuss a time you identified a cost reduction opportunity?

Use the STAR method (Situation, Task, Action, Result) to describe a specific instance where you identified a cost reduction opportunity. Detail your process, from identification to implementation, and the savings achieved.

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How do you prioritize multiple financial projects with tight deadlines?

Discuss your project management approach, including techniques for prioritization, delegation, and time management. Provide an example of when you successfully managed multiple projects simultaneously.

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What experience do you have with ERP systems?

Outline your familiarity with ERP systems, including any specific platforms you've used and how they contributed to more efficient financial processes. Discuss your role in implementing or optimizing these systems if applicable.

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How do you handle discrepancies in financial reporting?

Describe a systematic approach for identifying and resolving discrepancies in financial reports. Include examples of how you’ve ensured accuracy and integrity in the financial reporting process.

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Full-time, on-site
DATE POSTED
December 13, 2024

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