Finance Manager
Magellan Aerospace Limited
Haverhill, MA
Magellan Aerospace is a global, integrated aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. At Magellan we have over 80 years of collective knowledge and experience in the aerospace industry, and believe one truth: People create value. Employees are our greatest resource in working towards a successful future, and together we build professional relationships that thrive. We know that personal development is fundamental to the success of every individual and invest in our employees. When you are part of Magellan, you are part of the team! Position Summary Magellan Aerospace, Haverhill is a world-class manufacturer of precision machined aerospace components. We have an exciting opportunity for a Finance Manager. The successful incumbent will plan, organize, direct, and control the accounting and control function of the division, report operational results, and provide chronological systems. Position Responsibilities
- Coordinates and administers an adequate plan for the control of operations. Such a plan provides profit planning, sales forecasts, expense budgets, accounts receivable, cost standards and saving opportunities, and capital investing, together with the necessary controls and procedures to effectuate the plan.
- Compares performance with operating plans and standards. Provides reports and interprets the results of operations to all levels of management. This includes the formulation of accounting policies, the preparation of financial statements and operating data, the coordination of systems and procedures, and special reports as required.
- Forecasts short-range and long-range cash requirements and obligations, as a basis for maintaining adequate funds.
- Assures protection for the assets of the business through internal control, internal auditing, and ensuring proper insurance coverage.
- Monitors credit and collection applications. Approves terms above a predetermined dollar amount.
- Assists Programs in establishing and maintaining product pricing policies.
- Provides other company units with related information required by them to carry out their assigned responsibilities.
- Establishes and implements a sound operational and organizational plan in direct support of the business plan.
- Keep the Division Manager informed of the division’s performance and provides advice on all financial matters.
- Executes cash disbursements for payment of corporate and divisional expenditures in accordance with disbursement and policies.
- Monitors inventory levels and advises management regarding variances to budget.
- Develops and presents to the Division Manager, matters requiring his or her decision.
- Assumes other special activities and responsibilities as required
- Develops and recommends budget. Authorizes expenditures in accordance with budget. Approves budget and expenses of subordinates.
- Develops short- and long-range operating objectives, organizational structure, and staffing requirements.
- Assures that the duties, responsibilities, and authority of each job are clearly defined, effective, and communicated to incumbents.
- Assures that management training and development needs are identified and programs initiated.
- Assures that qualified personnel are selected and that orientation and on-the-job training programs are conducted and effective.
- Develops an adequate plan for backup and succession of management and other key personnel.
- Monitors performance of direct reports. Provides prompt and objective coaching and counseling. Reviews direct reports and approves performance appraisals initiated by direct reports. Ensures that an MBO-based performance appraisal system is administered effectively.
- Assures that a positive employee relations position is maintained. Ensures that the company’s management principles, policies, and programs are consistently practiced. Approves effective personnel action initiated by direct reports.
- Assures that effective communications are maintained within areas of responsibility. Where appropriate, informs employees as to plans and progress. Conducts employee discussion sessions at regular and frequent intervals.
- Assures that the necessary coordination within the area of responsibility is taking place and that coordination of the assigned area with those of other company or corporate units is taking place. Resolves problems involving coordination.
- Consults with all segments of management responsible for policy or action. Makes recommendations for improving the effectiveness of policy or practices.
- Acts within scope of authority and consistent with company and corporate objectives, guidelines, policies, and practices.
- Ensures optimum performance of the function. Recommends and implements techniques to improve productivity, increase efficiencies, cut costs, take advantage of opportunities, and maintain state-of-the-art practices.
- Keeps abreast of current trends and practices in field of expertise. Assumes other special activities and responsibilities from time to time as directed.
- B.S. degree in Accounting or Finance
- A minimum of eight (8) years’ experience ideally gained through increasingly responsible management positions within Finance
- A minimum of two (2) years’ recent experience as a Controller with responsibility for accounts, budgeting, cost accounting, credit and collections, and finance. Preferably annual sales of $25 million to $40 million
- Affiliations with successful manufacturing companies.
- Working knowledge of manual and automated accounting systems, well-developed financial analysis capabilities, and demonstrated ability to manage microcomputer operations and applications
- Sound administrative skills. Well-developed management skills-principles and people.
- Superior numeric skills.
- Satisfactory communication skills, written and verbal.
- Well-developed interpersonal skills. Ability to get along well with diverse personalities—tactful—mature—flexible.
- Proven ability to recruit, train, and motivate personnel in order to balance staffing strength with profitability.
- Strong analytical and reasoning abilities.
- Results- and profit-oriented with the ability to balance other business considerations
- High energy level, comfortable performing multifaceted projects in conjunction with normal activities.
- Well organized.
- Participative management style—advocates team concept.
- Accountable to the Division Manager for all phases of his or her activities.
- Competitive Salary
- Attractive Benefit Package
- Generous Company Pension Plan
- Excellent Career Progression Opportunities
- Employee Assistance Plan
Posted 2025-08-27
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