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Director of Finance and Accounting

Company: Hoover & Strong
Location: Richmond
Posted on: May 27, 2023

Job Description:

Do you have proven experience as a Director of Finance or Accounting but have become tired of the corporate bureaucracy in your day to day? This is a rare opportunity for you to enjoy an executive level position with a smaller company and a top provider of recycled metals in the US who has been in business for over a century. Enjoy a high exposure role where you will make a greater impact and earn up to $130,000 a year or more!

Hoover & Strong, a top provider of recycled precious metals, is seeking a Director of Finance and Accounting to join our team in the North Chesterfield, VA area.

If you have a Bachelor's Degree in Finance, Accounting, or Business and proven experience in a Managerial role in Finance or Accounting, this is an opportunity you need to explore!

Why join the Hoover & Strong team:

Competitive Compensation: Start earning $125,000-130,000 or more annually depending on your experience!
Comprehensive Benefits Package:Medical and Dental Insurance, Vision Program, 401K and Profit Sharing, Paid Time Off and Nine Paid Holidays, Life Insurance, Short-Term and Long-Term Disability, and more!
Onsite Schedule: This is a Monday to Friday onsite role. This position provides limited flexibility with remote working.
Culture and Balance: Providing high quality products and professional services is our passion and we do it all in a casual, non-corporate atmosphere with coworkers that respect and appreciate one another.
Extra Perks: It's not all work and no play! At Hoover & Strong you will enjoy Cookouts, Holiday Festivities, and other Employee Appreciation Celebrations.

Primary Responsibilities:

Inventory Management & Automation/Systems Development - 40%

Develop, implement, and maintain procedures in regard to high value inventory control and metrics for accuratereporting;
Create reports that support operations by identifying process gaps, inventory aging, and consolidation activities;
Increase effectiveness of inventory processes to more accurately predict availability, minimize work in process, and minimize under delivery;
Oversee accounting for metal purchased through Refining division, ensuring correctness and suggest improvements for efficiencies;
Monitor and improve interdivision transactions for inventory;
Manage inventory programs to include cycle counts and physical count processes;
Manage collateral and consignment reporting to our bank and manage hedged inventory position of precious metal.

Financial Reporting and Analysis, Budgets and Projects & Pricing - 30%

Develop and automate cost allocations for manufacturing overhead and general and administrative costs;
Analyze company, divisional, product line, and customer financial performance as it relates to targeted profitability and management expectations;
Ensure compliance with local, state, and federal tax reporting requirements;
Disseminate financial information on a timely basis and in a clear and concise format to key members of the organization. Must be able to analyze and review every facet of the business and make recommendations and appropriate course of action to enhance margins and overall profitability.

Strategy & Growth, Banking Relationships, and Insurance & Benefits - 30%

Closing of facility on Wednesday evening and other days as necessary;
Manage relationships with external stakeholders such as lenders and auditors; ensuring compliance with bank covenants and agreements;
Take initiative with ideas and actively help lead the company regarding strategic and tactical management issues, bringing financial and general management expertise to the company's leadership, partnering with the Operations team in project management;
Act as company 401k administrator ensuring compliance with plan documents and ERISA;
Oversee processing of weekly payroll, ensuring compliance with all federal, state and local reporting compliance;
Assist with design and budgeting of annual benefit programs;
Manage commercial business and liability insurance renewal.


Bachelor's Degree in Finance, Accounting or related field required, MBA or related Master's degree preferred. CPA strongly preferred and CMA is a plus.
Excellent analytical, organizational, and problem-solving skills
A minimum of 10 years work experience on a progressive career growth path, with much of that time in a senior financial management position
Prior experience in accounting for high value inventory in a manufacturing, medium-sized business environment, including cost allocation design.
Strong oral and written communications skills including prior experience with writing project plans.
Ability to work well with others in fast paced, dynamic fluid environment.
Must be hands on, detail oriented and strategic with proven leadership abilities.
Ability to work extended and weekend hours, if necessary, to ensure project completion or deliverables.

About the Company: Hoover & Strong is a manufacturer and refiner of precious metals. We cater to the needs of jewelers and the jewelry industry and we produce over 30,000 eco-friendly and responsible Harmony jewelry products, all Made in the USA. Our specialties include Jewelry, Contract Casting, Findings, Mill Products, Diamonds and Refining.

Hoover & Strong, Inc. is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Keywords: Hoover & Strong, Richmond , Director of Finance and Accounting, Executive , Richmond, Virginia

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