Commercial Finance Manager

Woodward's Diversity, Inclusion and Belonging Commitment

At Woodward, no matter where you are from, your physical appearance, or how you identify, you deserve the opportunity to reach your greatest potential. We are on a journey to achieve this as an organization and want to work closely with our members to set the right path.

We humbly acknowledge this will be an imperfect journey. Yet, we are steadfastly committed to embracing the power of diverse people, perspectives and experiences for our current members, attracting the best talent across our communities, and creating an inclusive and rewarding workplace for all.

Woodward supports our members' wellbeing and regularly benchmarks with other companies in our industry to offer an extensive Total Reward package for this position. Salary will be determined by the applicant's education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.

• Estimated annual base pay: $85,994.00 (minimum) - $107,492.00 (midpoint) - $128,990.00 (maximum)

• All members included in annual cash bonus opportunity

• 401(k) match (4.5%)

• Annual Woodward stock contribution (5%)

• Tuition reimbursement and Training/Professional Development opportunities for all members

• 12 paid holidays, including floating holidays

• Industry leading medical, dental, and vision Insurance upon date of hire

• Vacation / Sick Time / Vacation Buy-up / Short Term Disability / Bereavement leave

• Paid parental leave

• Adoption Assistance

• Employee Assistance Program, including mental health benefits

• Member Life & AD&D / Long Term Disability / Member Optional Life

• Member referral bonus

• Spouse / Child Optional Life / Optional AD&D / Healthcare and Dependent Care Flexible Spending

• Voluntary benefits, including:

• Home / Auto Insurance discounts

• Whole Life Insurance / Critical Illness Insurance / Legal Assistance / Military Leave

Are you ready to make your mark? If you're a Finance Manager with a background working in a manufacturing industrial environment and commercial sales teams, we have an exciting opportunity for you. Woodward is hiring for a Commercial Finance Manager for our Rock Cut Campus in Loves Park, IL. Individuals with several years of experience in an accounting and/or financial management role in a manufacturing industrial environment should apply now!

What You Will Be Doing

• Standardizing and incorporates best practices of the Sales, Inventory and Operations Demand Presentations

• Standardizes and incorporates best practices of the Long Range Plan, Profit Plan and Forecast Reporting

• Consolidates Quarterly Marketing Material from the plant sites

• Drives consistency and continuous improvements in processes, tools, formats and templates

• Collaborates with the Sales and Marketing teams to provide key analyses and recommendations

• Partners with leadership to develop, maintain and standardize reporting to Corporate and the Board of Directors

• Explores, mines and experiments with sales and variable cost information to answer critical business issues and provide recommendations to the organization

• Provides ad-hoc reports for decision making and business assessments at a glance

• Routinely and proactively conducts detailed sales and financial analysis to minimize surprises and reports on root causes and remediation plans.

• Ability to present to all levels of personnel

• Work with Pricing COE to ensure correct prices are in LRP

• Terminations

• Supply Chain Negotiations/contract renewals: where parts are used, are parts OE or AM, when do the contracts end, can we recoup the increases and if so when, customer contract flow downs

• Supply Chain Escalation clauses

• Establish processes for measuring Service Cost Guarantees (SCG's)

• Coordination of Aero Shipset quantities

• Large OE Legacy Contract Negotiations: Gather historical sales/cogs information and future cost information. Look at historical BLS indexes to see if you can use the data to support price increases. Look at Similar to Parts prices if available to solidify Woodward's positions. Analyze cost increases so sales can use information for negotiations

• Know the customer and supplier contracts to support the efforts above

• Inform the various finance directors of the negotiations/projects being worked and how they will impact their businesses

What We Are Looking For

• Bachelors Arts/Science Degree in Accounting or Finance is required

• 2 or more years in an accounting/financial role

This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR) and/or the Export Administration Regulations (EAR).   All applicants must be U.S. Persons within the meaning of the ITAR and EAR, or eligible to obtain all required authorizations from the U.S. Department of State and/or the U.S. Department of Commerce.  The ITAR defines a U.S. Person as a U.S. citizen or national, lawful permanent resident (i.e., 'Green Card holder'), or a protected person (e.g., asylee, or refugee).

Woodward is an Equal Opportunity Employer

EO/AA/M/F/Disabled/Protected Veterans

#LI-Remote or #LI-Hybrid (To be used when position is either remote or hybrid. If the position is onsite do not include on job posting)