New Ulm Area Chamber of Commerce

Finance Manager

Posted: 03/31/2024

The Finance Manager is responsible for overseeing the financial landscape to ensure accuracy, compliance, and strategic alignment. The finance manager will need a keen eye for detail, exceptional analytical skills, and a deep understanding of financial principles. The Finance Manager plays a critical role in financial planning, reporting, and analysis efforts to facilitate informed decision-making. Finance manager performs various financial functions, including budget management, financial analysis, reporting, and risk mitigation. Additionally, the finance manager role involves collaborating cross-functionally, working closely with senior management, and leading a finance/accounting team. ESSENTIAL DUTIES AND RESPONSIBILITIES • Financial Analysis and Reporting: Conduct thorough financial analysis, utilizing data to uncover insights, trends, and areas for improvement. Prepare comprehensive financial reports, including statements, forecasts, and variance analysis, to support effective decision-making by senior management. General ledger activities including journal entries, monthly closing tasks and preparation of monthly supporting schedules will be necessary to support reporting and analysis. • Budget Management: Development, monitoring, and management of budgets across departments; work collaboratively to ensure alignment with strategic objectives while identifying opportunities for cost optimization. • Risk Management: Identify potential financial risks and develop strategies to mitigate them; implement internal controls to safeguard assets, ensuring compliance with regulations and internal policies. • Financial Strategy: Play an instrumental role in shaping the company's financial strategy, contributing insights on resource allocation, investment opportunities, and revenue enhancement. • Team Leadership: Lead, mentor, and motivate a team of finance professionals by providing guidance that will foster a cohesive and productive environment, empowering team members to excel in their roles. • Collaboration: Collaborate with auditors, tax advisors, and external stakeholders to facilitate smooth audits and compliance. Manage banking partnerships. • Cash Flow Management: Oversee cash flow by analyzing liquidity needs, optimizing working capital, and coordinating with departments to ensure efficient cash utilization. • Manage the accounts payable accounting process including coding and matching GRN. • Manage outside payroll processing vendor and collaborate with HR to ensure payroll is processed timely and accurately. • Other duties as requested. QUALIFICATIONS AND EXPERIENCE • Strong understanding of financial principles, regulations, and best practices. • Proficiency in financial analysis, budgeting, and forecasting. • Excellent knowledge of accounting software and financial management tools. • Advanced proficiency in Microsoft Excel and other relevant software applications. • Strong analytical, problem-solving, and communication skills. • Effective leadership and team management abilities. • Attention to detail, accuracy, and commitment to meeting deadlines. • Use the utmost discretion in all presentations/correspondence and communication for staff and senior leadership. Education: • Bachelor's degree in accounting, finance or related field required; CPA certification preferred. Experience: • 5-7 years proven experience in finance or accounting roles, with at least 2 years in a managerial or supervisory capacity.