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Director of Finance

Date: Apr 27, 2022

Location: Norfolk, VA, US, 23523

Company: National Steel and Shipbuilding Com

We have an exciting opportunity in our Finance department. This position specifically is located in Norfolk, Virginia. We are currently looking for a Director of Finance, this position is accountable for Quarterly and annual Sales, Earnings and Cash flow targets in the Operating Plan are achieved.

 

General Dynamics NASSCO is a proud member of the General Dynamics Marine Systems business unit. In addition to ship construction, our capabilities include advanced ship repair, conversion, and maintenance for both commercial and national defense assets.

 

We encourage you to learn more about our open positions and how you can become part of the important and exciting work we do here at NASSCO Norfolk. Please review the job description below and if our positions align with your current skill set and future career goals, don't hesitate to apply. Come join our team! 

 

Shift : ALL

Security Clearance: No Clearance

 

PURPOSE AND FUNCTIONS

Acts as strategic partner and advisor with oversight and responsibility for all business unit financial matters. Operates with a high degree of autonomy and latitude in overseeing and executing financial and strategic plans, while working within General Dynamics and NASSCO authorities and policy to execute requirements and ensure compliance.

 

KNOWLEDGE, SKILLS & ABILITIES

  • Education and experience are considered.
  • Requires a business or business related degree, typically with fifteen (15) or more years of progressive and varied experience in finance and related fields. 
  • MBA, CPA or other advanced degrees and public company or government contracting industry experience preferred.

 

RESPONSIBILITIES

  • Demonstrates the highest ethical standards in conducting company activities to set the proper tone from the top; leads by example.
  • Leads the development of the Company’s Annual and 4-year Operating Plan and Quarterly Business Review updates, including income statement, cash flow and balance sheet projections,  analysis of programmatic profit margins, backlog, new orders, capital expenditures, risks and opportunities and detailed expense account and indirect rate analysis.
  • Responsible for the continuous evaluation of the Finance team to ensure (1) they have the necessary technical skills to complete their jobs, (2) continuing professional education is available where necessary, and (3) job rotations are utilized for development of personnel and ensure qualified back-up for every key function within Finance
  • Oversees the monthly, quarterly and annual preparation of consolidated financial statements and disclosures, including Balance Sheet, Income Statement, Cash Flows, program profit rates and estimates at completion (EACs), and disclosures required  to support public filing information. Reporting is submitted to San Diego for consolidation into NASSCO and General Dynamics via monthly financial reporting packages.
  • Oversees development of direct and indirect forward pricing and contract proposal rates in close coordination with the General Managers in Norfolk, Mayport and Bremerton and Business Development.
  • Proactively identifies and assesses, and advises, the General Manager and NASSCO CFO regarding the financial impact of various what-if scenarios, such as labor negotiations, changes in the business mix, new legislation, new performance measures, etc.
  • Keeps internal management abreast of financial performance typically including Sales and EBIT variance analysis by program and reporting period (current quarter versus last quarter, current quarter versus last year), status of claims, description of significant changes to booking margins, operational highlights by ship, and current state of affairs on key proposals and pending contract awards.
  • Teams with Contracts for (1) new CLIN and Change Order pricing (2)  negotiating price changes for forward pricing and other cost updates
  • Oversees the reporting of company financial performance by ship and the monthly distribution of actual indirect rates.  Working with the finance team, quantify and determine the appropriate timing for revising forward pricing rates throughout the year to ensure funding issues are minimized.
  • Participate in weekly program reviews to ensure accuracy, identify timing issues and update weekly profit trackers for the General Manager
  • Attend weekly customer program meetings to understand issues, concerns and risks and opportunities for consideration in EACs and profit rates
  • Ensures daily business functions are carried out effectively and efficiently including: processing of weekly payrolls and year end W2s through SRI, recording and payment of company obligations, maintenance of company budgets, recording and tracking of fixed assets, recording and reconciliation of intercompany activities, budget-versus-actual analysis, recording of intercompany invoices, contract billings, time charging, job order maintenance, recording of daily cash transactions, recording temporary labor, bank reconciliations, balance sheet account reconciliations, updating of desktop procedures, etc.
  • Develop, track and report against annual overhead budgets, soliciting input from cognizant department heads and ensuring spend remains in line with cost, performance and budget targets, adjusting as needed to meet Company goals
  • Oversees the maintenance of the Company’s disclosure statement and annual reviews / updates.  Negotiate with ACOs and DCAA to resolve disputes to the benefit of the company.
  • Negotiates with customers and DCAA to resolve incurred cost submission audit findings; takes a hands-on approach to coordinate responses to other DCAA audits (e.g. floor checks, compensation audits, material audits, accounting system review, billing audits, etc.) to minimize the Company’s financial exposure.
  • Oversees the annual SOX compliance process including identification of financial statement risks, controls, testing, and remediation of findings in both the Finance and IT arenas.
  • Oversees GD internal audits to ensure relevancy, timeliness, and that findings accurately portray the operations of the company in operational and financial areas.
  • Teams with HR to ensure the annual health care plan enrollment is cost-effective and appropriate for the company, the current business/economic environment, and the current competitive environment.
  • Coordinates with GD Risk Management and the NASSCO CFO regarding appropriate insurance coverages to maximize protection at the lowest possible cost
  • Keeps abreast of worker’s compensation cases included in the Signal Mutual Trust to ensure the company is utilizing the most cost-effective vehicle to discharge and pay continuation obligations. Actively participate in the annual renewal meetings and maximize the use of technical resources available through Signal (e.g. fraud detection and prevention, safety trends, new OSHA legislation, new federal laws, etc.)
  • Participates in union negotiations to ensure agreements  (1) are competitive, (2) provide management flexibility to outsource work when to the best advantage of the company, (3) are based on pay-for-performance, (4) have been adequately reviewed to identify the financial impact of any changes before they are agreed to, etc.
  • Assists on GD Corporate and NASSCO San Diego projects as requested (e.g. M&A activity)

 

PHYSICAL REQUIREMENTS

Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus.  The employee is regularly required to sit, use hands to fingers, handle or feel objects, or controls, and to talk/hear.  Must be physically able to walk to all yard locations, including vessels.  Must be able to lift weights up to 50 pounds.  The noise level in the work environment is usually moderate. 

 

WORKING RELATIONSHIPS

Reports directly to the NASSCO CFO with a dotted line and day-to-day interaction with the NASSCO Norfolk General Manager.  Regularly interacts with the VP Ship Repair, General Managers in Mayport and Bremerton, and other members of the senior leadership teams, along with General Dynamics CHQ.  The incumbent directly supervises all financial management personnel in Operating Plan development and forecasting, financial accounting and reporting, government reporting and compliance, internal controls assurance and risk management.  Regularly coordinates and supports Contracts and Human Resources.

 

ADDITIONAL REQUIREMENTS

  •  Regular, reliable attendance on-site is an essential function of the job
  • Background and credit checks will be required for this position.
  • Must be willing to travel and have reliable transportation
  • Must be a U.S. citizen and qualify for a Common Access Card (CAC) or DBIDS badge
  • Must be able to physically transit all areas of the facility
  • Ability to use work provided cell phones and desktop computers. 
  • Ability to tolerate moderate noise levels.

 

General Dynamics NASSCO is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status, or any other basis protected by local, state, or federal law.

To learn more about applicant rights under federal law, click here:

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Pay Transparency

If you have a disability that impacts your ability to complete the job application process and would like to request an accommodation, please contact our Human Resources Department.

For Norfolk, call (757) 543-6801. This contact information is for accommodation requests only, not to inquire about the status of applications.


Nearest Major Market: Hampton Roads

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