IDEX Finance Manager in North Haven, Connecticut
If you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.
With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40 diverse businesses (https://www.idexcorp.com/our-businesses/business-segments/) around the globe, chances are, we have something special for you.
This position will support the SFC-Koenig Americas strategy to provide better solutions, grow sales, expand margins and generate strong cash flow. The individual will maintain a financial reporting/internal control system that will provide management with the appropriate financial and operating information. He/she will develop, analyze and interpret statistical and accounting information in order to appraise operating results in terms of profitability, performance, operational excellence and other criteria that directly reflect the fiscal soundness and operating effectiveness of the SFC business unit. Additionally, this position will lead and develop the local finance staff of 1-2 individuals. This Finance Manager actively participates with the Management Team in the planning, direction, and policy making and communicates and supports the strategic and operational plans of the business unit. Success in this position requires the ability to build a strong partnership with the General Manager and Vice President of Finance, and frequent communication with peers and IDEX group management. These relationships must be built on respect, integrity, cooperation, teamwork and professionalism.
Under minimal direction, the Finance Manager performs and presents financial reporting, general ledger activities, and
internal controls evaluation. The Finance Manager maintains good professional judgment while demonstrating a strong working
knowledge of Generally Accepted Accounting Principles (GAAP) and financial reporting requirements per IDEX policy. The individual
supervises Accounts Receivable and Accounts Payable associates and is a key player in supporting cross-functional initiatives and business priorities.
KEY SCOPE & RESPONSIBILITIES:
Month End Closing and General Ledger Responsibilities
o Lead the preparation and coordination of all financial reporting. Ensure the financials are accurate and timely in accordance with GAAP and IDEX policy.
o Prepare and oversee journal entries – including payroll, accounts payable, accounts receivable, intercompany transactions, prepayments, fixed assets, intangibles, and miscellaneous journal entries.
o Provide critical analysis of all balance sheet accounts and ensure they are reconciled in accordance with IDEX policy.
o Perform general ledger and related tasks, including ownership of fixed assets, Concur / Corporate credit card support, and sales and use tax returns.
o Conduct on-going reviews of internal controls; ensure controls are appropriately documented and implement best practices to address risk areas.
o Lead annual Sarbanes Oxley testing and remediation for revenue, expenditures, IT controls, and financial reporting cycles.
o Complete various controllership deliverables, including but not limited to Balance Sheet Reviews, IDEX Key Control Questionnaires, and Segregation of Duties Reviews.
Accounts Receivable Management
o Assist the AR process with customer credit decisions, collection efforts, and past due resolution to minimize bad debt exposure and optimize working capital metrics on past due AR and Days Sales Outstanding.
o Ensure general and specific bad debt reserves, unclaimed property, customer master maintenance, and compliance checks are conducted according to IDEX policy.
Accounts Payable Management
o Assist the AP process with managing Vouchered Accounts Payable, Received Not Vouchered, open Purchase Orders and Debit Memos. Ensure all aged items are investigated and cleared.
o Perform detailed review of disbursements. Identify errors and corrective actions with AP associate.
o Ensure expenditures are approved per SFC’s approval matrix.
o Work with AP associate to optimize vendor payment terms and maximize Accounts Payable to improve working capital metrics on Days Payable Outstanding.
o Ensure month end accruals, vendor master maintenance, and compliance checks are conducted according to IDEX policy.
o Perform and present various financial analyses as needed.
o Improve, automate, and streamline processes within the Finance department.
o Support efforts to improve engagement, celebrate success, and develop talent within the Finance department.
o Other duties and special projects as assigned.
o Minimum of 3 to 5 years’ experience in progressively more responsible financial positions in a manufacturing-based, industrial environment. The ideal candidate will have prior exposure to all facets of the function, particularly operational finance, control, & financial planning and analysis
o Degree level in a relevant field (Business economics and/or Business Administration, Controlling, Qualified Accountant) Equivalent of CPA or MBA preferred (Example: ACA, CIMA, RA, Msc. Economics)
o Proven experience with US GAAP and SOX requirements
o Experience in managing a business systems function; have an in-depth working knowledge and application of personal computers, especially Microsoft Office applications and reporting systems such as Hyperion/OneStream.
o Experience in a process focused organization and experience working with J.D. Edwards or SAP is required.
o A successful candidate should be driven by the principles of continuous improvement and talent development.
ENTERPRISE OVERVIEW (IDEX):
IDEX is a different kind of company. Because we are made up by decentralized businesses, IDEX (NYSE: IEX) is a company you may not yet be familiar with that has undoubtedly touched your life in some way. In fact, we make thousands of products that are mission critical components in everyday life. We’re a large and growing company. Founded in 1988 with three small, entrepreneurial manufacturing companies, our first-year sales were just $209 million. We’re proud to say that we now call 40 diverse businesses around the world part of the IDEX family. By growing our existing businesses and acquiring new ones, we now have total company sales of more than $2 billion. While we were founded as IDEX 30 years ago, our story began more than a century ago at the feet of the founders who started many of the businesses that make up IDEX today. Being nimble, entrepreneurial, and customer-focused are the principles we were founded on then and continue to be our core strengths today. With 7,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global enterprise committed to making trusted solutions that improve lives.
BUSINESS UNIT OVERVIEW (SFC-K):
SFC KOENIG®, a Unit of IDEX Corporation, is a global leader in sealing and flow control technology and the original inventor of the one-piece, metal- to-metal sealing solution. Our products – including the KOENIG EXPANDER®, KOENIG CHECK VALVE® and KOENIG RESTRICTOR® – are recognized for best-in-class performance in critical sealing and flow control applications across industries such as automotive, transportation, hydraulics, marine, medical, aerospace, and more. With custom applications, engineering support, and unmatched reliability, our products have been used in more than 3 billion global installations and maintain failure rates less than 1 PPM (Parts Per Million). SFC KOENIG was founded in 1927 and is based in Dietikon, Switzerland. We operate subsidiaries in the USA, Germany, and China, and maintain a network of distribution partners throughout the world. With processes certified to strict international standards, including IATF 16949, ISO 9001 and ISO 14001, our high-performance sealing and flow control solutions meet the most stringent levels of quality, safety and security. As a member of the IDEX family of companies, everyone at SFC KOENIG is dedicated to continual improvement and an in-depth understanding of our customers’ needs; consistently providing products and services that meet or exceed expectations. We are committed to the responsible use of resources and protecting our environment. We work constructively to ensure a healthy, safe, and rewarding workplace for all our associates, and we believe in making a positive impact on the communities where we work and live.
SFC-Koenig (an IDEX business unit) is an Equal Opportunity Employer committed to workforce diversity
Are you ready to join a different kind of company where our people, our culture, and our commitments are centered around providing trusted solutions that improve lives around the world?
IDEX is an Equal Opportunity Employer and Affirmative Action Employer. IDEX gives consideration for employment to qualified applicants without regard to race, color, religion, creed, genetic information, sex, sexual orientation, gender identity or expression, marital status, age, national origin, disability, protected veteran status, or any other consideration or protected category made unlawful by federal, state or local laws (Minorities/Females/Protected Veterans/Disabled).
Business Unit: SFC Koenig
Job Segment: HST Health & Science Technologies