Finance Director
Location: Champaign, IL
Job Id: 3589
# of Openings: 1
Posting Locations
Champaign, Lisle, Normal, Peoria, Springfield, IL; Dallas, TX; St. Louis, MO; Waukee, IA
What You’ll Do Mergers & Acquisitions (M&A)
- Lead financial due diligence for potential acquisitions and strategic partnerships/joint ventures.
- Develop and maintain financial models to evaluate enterprise valuations, deal structures, valuations, synergies, and return on investment.
- Coordinate with legal counsel and internal constituents throughout the transaction lifecycle.
- Prepare executive-level M&A memos, deal summaries, and board presentation materials.
- Support post-close integration activities including financial systems consolidation and reporting alignment.
Financial Planning & Analysis (FP&A)
- Budgeting & Financial Planning
- Own and manage the annual enterprise-wide budgeting process in collaboration with department and business unit leaders.
- Develop multi-year financial plans aligned with organizational strategy and capital allocation priorities.
- Establish budgeting timelines, templates, and governance processes to ensure consistency and accuracy.
- Monitor budget-to-actual performance and proactively communicate variances and recommended actions to leadership.
Planning & Analysis (FP&A)
- Lead the FP&A function, delivering monthly, quarterly, and annual financial reporting packages to senior leaders / group leaders.
- Develop rolling forecasts and scenario analyses to support strategic decision-making.
- Provide analytical support for major capital investments, pricing decisions, and new business opportunities.
- Design and maintain KPI dashboards and financial metrics that align with operational and strategic objectives.
Variance Analysis & Management Reporting
- Conduct detailed variance analyses comparing actuals to budget, forecast, and prior-period results.
- Identify root causes of financial variances and present findings with actionable recommendations.
- Prepare monthly management reporting packages including executive summaries, trend analyses, and commentary.
- Support department leaders in understanding financial results and driving corrective actions where needed.
Cash Flow Modeling & Treasury
- Build and maintain dynamic cash flow models to project short- and long-term liquidity needs.
- Monitor daily cash positioning and optimize working capital across the organization.
- Partner with banking relationships to manage S‑T investments, marketable securities, credit facilities, shareholder distributions, and investment activity.
- Partner with Senior Controller on cash flow forecasting processes that integrate accounts receivable, accounts payable, and payroll cycles.
Captive Insurance & Risk Management
- Serve as the primary financial liaison for the organization’s captive insurance program.
- Oversee captive financial reporting, premium allocations, loss reserve reviews, and regulatory filings.
- Coordinate with captive managers, actuaries, and legal counsel on program structure, compliance, and renewals.
- Analyze captive performance metrics and provide strategic recommendations to optimize deductibles, coverage limits, and policy effectiveness.
Real Estate Lease Management
- Manage the financial aspects of the organization’s real estate portfolio including lease accounting under ASC 842.
- Review, analyze, and model financial implications of new leases, renewals, terminations, and amendments.
- Partner with facilities and operations on real estate strategy, occupancy cost analysis, furniture expenditures, and space optimization.
Capital Expenditures (CapEx)
- Develop and manage the annual capital expenditure budget in coordination with department leaders and operations.
- Establish and maintain a CapEx approval framework, including project justification, prioritization, and authorizations.
- Build and maintain CapEx models to evaluate ROI, payback periods, and NPV for proposed investments.
- Track and report on CapEx spending versus approved budgets and provide variance analyses.
- Support long‑range planning cycles for equipment replacement, fleet vehicles, and office upgrades.
Financial Memos & Executive Communications
- Draft and review financial memos, education sessions, and board materials with clarity and precision.
- Translate complex financial data into concise narratives tailored to executive audiences.
- Prepare investment committee materials, and strategic analysis documents as needed.
What You’ll Need Education
- Bachelor’s degree in finance, Accounting, Economics, or a business‑related field required.
- Master of Business Administration (MBA) is an alternative option to a bachelor’s degree in business.
Experience
- Minimum of 10 years of progressive finance experience, with at least 3–5 years in a senior finance leadership role.
- Demonstrated experience leading M&A financial due diligence and integration efforts.
- Proven track record managing FP&A, budgeting, and cash flow modeling for a mid‑size organization ($100M–$500M in annual sales).
- Experience with captive insurance program preferred.
- Familiarity with commercial real estate leases.
- 3–5 years of Treasury and Portfolio management experience.
Technical Skills
- Advanced proficiency in Microsoft Excel, including complex financial modeling and data analysis.
- Experience with ERP systems (e.g., Deltek Vantagepoint, Oracle, SAP, NetSuite, Infor, MS Dynamics) and financial reporting platforms.
- Proficiency in Microsoft 365 suite including Word, PowerPoint, and SharePoint.
- Experience with business intelligence and data visualization tools a plus.
Benefits
- 401(k) with 100% Company Match up to 5%
- Medical/Dental/Vision Insurance Plans
- Flexible Spending and Health Savings Accounts
- Short & Long-Term Disability
- Maternity and Paternity Leave
- Professional Development and Training
- Mentoring Program
- Paid Time Off
- Wellness/Fitness Reimbursements
- Pet Insurance Plan
- Hybrid Work Program
Salary Range: $175,000 - $215,000
Statement on Diversity and Inclusion: Farnsworth Group is a collection of employees with unique backgrounds and perspectives that all come together to make us a better Company. It is our goal to recruit, hire, develop, retain, and promote a diverse group of people. Join us…and let’s make a difference, together.
Farnsworth Group, Inc. is proud to be a M/F Disabled and Veteran EEO/AA employer.