Finance Manager

Date: Nov 5, 2021

Location: Coldwater, OH, US, 45828

Company: Lincoln Electric

Coldwater Machine Company, a subsidiary of Lincoln Electric, develops and delivers turnkey, automated solutions for OEM and Tier suppliers in the automotive, aerospace energy, appliance and other sectors.

Req. ID: 20303 

Position SummaryThis position is responsible supporting the business activities of the site including all areas relating to financial reporting, budgeting and forecasting, and supporting the accounting functions provided by the LEA Shared Services Center as well as maintaining a strong internal control structure. The person in the position must have an extensive and proven financial and accounting background to ensure compliance with all the rules and regulations issued by Federal, State and local government. 

 

This position has contact with the Global Automation Controller and LEA Finance Department, local site Departments, and Management as well as the Corporate Financial Reporting, Corporate Tax, Corporate Legal, Internal Audit, customers, and vendors.

 

The major challenges to this position are coordinating the objectives of Business Partnering with Management, LEA Finance Department, SSC, and the broader Global Automation Management; maintaining a high quality and cost effective professional organization.  This person will have to be hands on while helping to develop shared services. 

 

This position has the authority to recommend financial policies, establish procedures, counsel employees and propose personnel requisitions.

 

This position has the authority to make decisions with necessary approvals related to hiring and firing recommendations, purchases of equipment; approval of personnel; overall annual financial budget for the site; all lease arrangements; and process changes.               

Primary responsibilities

  • Active member of the business unit executive management team, as the strategic Business Partner supporting Management, Commercial, and Operations teams of the site initiatives and more broadly Global Automation initiatives.
  • Ensure proper accounting treatment of revenue recognition on both a percentage-of-completion and completed contract basis including the reporting of job costing, WIP reporting, and labor and overhead reporting. 
  • Full ownership of the strategic planning process, budgeting, forecasting, pricing, capital investments, inventory management, and departmental cost activities as well as ad hoc analyses
  • Make recommendations to Management and LEA Finance to reduce operating costs and increase efficiency
  • Support, in conjunction with Management, SSC, Legal and Financial Reporting, the review of contracts and corresponding reporting
  • Work in coordination with management and SSC to maintain and enforce proper accounting methods, policies and principles in accordance with Lincoln standards including Corporate Policies and Procedures (U.S. GAAP), Corporate Reporting Standards, and Internal Controls (Sarbanes Oxley)
  • Apply a thorough understanding of the financial reporting, general ledger and departmental structures for all LEA sites.
  • Support accurate and timely monthly, quarterly and year end close reporting through Hyperion Financial Management templates, FDM reporting, and ARM
  • Support the resolution of accounting issues, fund requests, customer collections, vendor payments, non-routine transactions, order entry, invoicing, payroll, legal contingencies and other items as required
  • Interface with other departments to verify transaction report data and issues.
  • Review SOX, FCPA, and corporate compliance issues as they pertain to accounting and the overall business.
  • Support internal and external audit requests.
  • Assumes additional responsibilities, performs special projects as needed or directed by Management, operations and finance management.
  • Provide training to new and existing staff, as needed and conduct written performance evaluations of assigned employees using proper evaluation and documentation methods that result in goal setting for and with the assigned employee
  • Assume additional responsibilities and internal projects as directed in support of the Company’s 2025 Strategy.

 

Qualifications required:

  • Bachelor’s Degree in Accounting or Business Administration (Finance) with a minimum of 5 years’ experience
  • Excellent communications, leadership and organizational skills
  • Excellent computer skills
  • High attention to detail and accuracy

 

Success factors/job competencies:

  • Develop and implement an accounting system that will ensure compliance with all Federal State and local regulations as well as quality systems
  • Develop, retain and motivate a competent professional staff capable of meeting established accounting and quality goals in a timely and efficient manner
  • Develop problem identification and resolution systems
  • Keep the LEA Finance and Management team informed through timely utilization of verbal and written reports
  • Regular and predictable attendance is an essential function of this job

 

Physical demands and work environment: The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Physical demands: There is minimal reaching, bending and lifting in relationship to documents and stored records.
  • Work environment: Work is sedentary.  Normal office environment. Travel is minimal.

 

Performance standards:

  • Annual performance appraisal.
  • Attainment of annual goals established between supervisor and incumbent.

Qualified applicants will receive consideration for employment without regard to their race, color, religion, national origin, sex, protected veteran status or disability.

Lincoln Electric is a $2.5B publicly traded company (NASDAQ) with over 10,000 employees around the world.  With operations in over 40 manufacturing locations in 19 countries, we are well positioned to continue this partnership and poised to grow with our customers. 

As a part of that continuing legacy, you will contribute to a new generation of innovation and experience the pride that comes with being part of the solution to the world’s challenges.  It is a great time to be part of the welding industry!

Lincoln Electric does not accept unsolicited resumes from third-party recruiters.  Resumes submitted to any employee(s) of Lincoln Electric without a signed vendor agreement, by the Manager of Recruiting & Training, will become property of Lincoln Electric.  Verbal or written commitments from any other member of Lincoln Electric will not be considered binding terms.  Lincoln Electric will not pay a fee to any third-party recruiter that has not coordinated their recruiting activity through the Recruiting Department.

Employment Status: Salary Full-Time 
Function: Finance 
Section:  Wayne Trail Technologies (US76) 

EOE, including disability/veterans


Nearest Major Market: Lima
Nearest Secondary Market: Findlay

Job Segment: Welding, ERP, Manufacturing, Technology