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Finance Manager

Core Laboratories
United States, Texas, Houston
Dec 17, 2024

Finance Manager

SUMMARY
Provides financial management for the business unit's A/R, A/P,
Fixed Assets, Record and Document Management, and oversees all financial
planning, analysis and budgeting activities for operations. The incumbent will achieve operational
objectives; develop and maintain systems and processes; verify integrity and
accuracy of financial statements; monitor revenue and expenses; implement,
maintain and monitor accounting controls; and complies with legal requirements,
as well as develops and maintains strong intercompany relationships with
internal and external business leaders.

DUTIES & RESPONSIBILITIES

  • Oversee all aspects of general ledger balances and transactions, accounts receivable, accounts payable, fixed assets, and inventory, monthly and year-end closings, and all financial reporting for the business unit.
  • Establish and implement short- and long-range organizational goals, objectives, strategic plans, policies, and operating procedures; monitor and evaluate operational effectiveness, and implement changes required for improvement.
  • Responsible for the integrity of all financial reporting and analysis for senior management, department managers, board of directors, and other stakeholders in need of financial information.
  • Identify and mitigate financial risks and capitalize on opportunities. Establish and maintain an internal control structure and ensure that transactions are executed with appropriate management authorization and within regulatory requirements. Train relevant staff on control procedures as needed. Assist with audits (financial, SOX, internal, compliance, tax).Review and remediate any issues with internal controls.
  • Manage and mentor financial and operational professionals, including setting clear objectives, providing regular feedback, and conducting performance evaluations. Foster a positive and collaborative work environment that encourages teamwork and professional growth. Develop and provide training programs to financial and operational staff.
  • Provide oversight of inventory control and cost management procedures to ensure accuracy and efficiency. Collaborate with supply chain and production teams to optimize inventory levels and minimize costs. Provide support to Shared Service cost accounting department to assist with product costing, standard and overhead rate calculations, process improvement, and reporting.
  • Provide detailed reconciliations for high volume, high dollar accounts by obtaining data from a variety of sources, including collaborating with regional Shared Service Centers.Prepare and/or review all reconciliations for the business unit and verify accuracy and completeness of all financial assertions on the balance sheet where those accounts fall under operational control.
  • Assist management in preparing return on investment for various projects including additions of capital equipment, new operations or potential acquisitions. Advise on current and future investment decisions based on constraint analysis and discounted cash flow analysis.
  • Communicate issues, status, and accomplishments to Business Unit President regarding areas of responsibility in a timely manner including information to assist management in decision-making.
  • Communicate proactively and with the ability to collaborate effectively across departments. Share knowledge and help fellow associates where needed, regardless of the responsibility. Maintain open lines of communication and work independently as well as part of a team.

QUALIFICATIONS

  • Bachelor's degree in Finance, Accounting, Economics or a related field required. CPA or
  • Master's degree highly preferred.
  • Proven experience as a Finance Manager or similar role in a manufacturing environment.
  • Experience in inventory management and supply chain dynamics within a manufacturing context.
  • Strong understanding of Cost Accounting.

KNOWLEDGE, SKILLS & ATTRIBUTES

  • In-depth knowledge of corporate finance and accounting principles, laws and best practices.
  • Strong analytical skills with the ability to present financial data and recommendations clearly and concisely.
  • Excellent organizational and leadership skills, with a demonstrated ability to effectively manage and motivate a team.
  • Advanced proficiency in financial management ERP software (i.e. Oracle or SAP) and MS Office.
  • Excellent communication, interpersonal, and influencing skills.
  • Ability to build trust and rapport with managers and employees at all levels.
  • Ability to work independently and collaboratively in a fast-paced and dynamic environment.
  • Ability to handle multiple projects and priorities with a high degree of professionalism and discretion.

COMPETENCIES

  • Financial Expertise: Demonstrates in-depth knowledge of corporate finance and accounting principles, laws and best practices. Applies financial expertise to plan, monitor, analyze, and report on the business unit's financial performance and risks. Ensures the integrity and accuracy of financial statements and transactions. Implements and maintains effective internal control systems and procedures. Provides financial guidance and support to senior management, department managers, board of directors, and other stakeholders.
  • Strategic Thinking: Establishes and implements short- and long-range organizational goals, objectives, strategic plans, and policies. Evaluates the impact of internal and external factors on the business unit's operations and financial performance. Identifies and capitalizes on opportunities and mitigates risks. Advises on current and future investment decisions based on constraint analysis and discounted cash flow analysis.
  • Risk Management: Identifying, assessing and mitigating financial risks that could impact the operation.Adept at developing and implementing risk strategies that align with the operation's strategic objectives and regulatory requirements, ensuring a stable financial environment conducive to growth and sustainability.
  • Problem Solving and Decision Making: Uses analytical skills and financial data to identify, diagnose, and solve complex problems. Presents financial data and recommendations clearly and concisely. Makes sound and timely decisions based on relevant information and analysis. Balances competing priorities and multiple projects with a high degree of professionalism and discretion.
  • Leading Others: Manages and mentors financial and operational professionals, setting clear objectives, providing regular feedback, and conducting performance evaluations. Fosters a positive and collaborative work environment that encourages teamwork and professional growth. Develops and provides training programs to financial and operational staff. Communicates effectively and proactively across departments and levels. Builds trust and rapport with managers and employees.

Core Laboratories, including
all of its affiliated and related entities, is an equal opportunity employer
and is committed to creating an inclusive environment for everyone. Employment
decisions are made regardless of characteristics including, but not limited to,
race, color, sex, sexual orientation, gender identity, national origin, age,
disability, religion, genetic information, protected veteran or uniformed
service member status, and any other characteristic protected under applicable
law.

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