The Council of Industry

  • Chief Financial Officer (CFO)

    Job Locations US-NY-Saugerties
    Posted Date 2 months ago(9/6/2018 3:19 PM)
    Job ID
    # of Openings
    Executive / Management / Supervisor / Director
    Elna Magnetics
  • Overview


    Elna Magnetics Logo



    Elna Magnetic's fast-paced office is seeking a full time, experienced Chief Financial Officer with a requirement of manufacturing and cost accounting experience. The main responsibility is to manage and direct the overall accounting function in support of the organization and its ultimate goals and objectives for profitability and growth. This position serves as a financial adviser to the President as well as the entire organization by providing financial analysis, planning and budget control. Prepares, reviews, analyzes and interprets monthly financial reports and provides recommendations. While overseeing the overall accounting process, the successful CFO will play a key role in developing and implementing financial procedures to improve and maintain the financial health of our company.


    • First line responsibility for all accounting functions
    • Manage financial planning and analysis
    • Execute the financial strategy of the company
    • Participate in pivotal decisions as they relate to strategic initiatives and operational models
    • Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor
    • Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
    • Reviews all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation
    • Compliance with local, state, and federal regulations
    • Recommends changes in the Accounting as well as other departments for efficiency, cost improvement and improved reports of financial status and results.
    • Assists with the implementation of new monthly accounting reports
    • Prepares monthly profit and loss reports assuming primary responsibility for the budgeting and forecasting process.
    • Works directly with the corporate CPA firm to assemble quarterly accountants reports in a timely and accurate fashion
    • Mentor and manage accounting staff with responsibility of performance evaluations



    • Bachelors or Masters’ Degree in Accounting
    • CPA Preferred
    • Proficiency in MS Office with expertise in Microsoft Excel, Word, Outlook
    • Minimum of five solid years’ of Cost Accounting in a Manufacturing Environment
    • Knowledge of Epicor Software is a plus
    • Experience working with engineering and manufacturing personnel on development and analysis of cost standards
    • Outstanding knowledge and understanding of GAAP



    • competitive salaries as part of our pay-for-performance program
    • medical, dental, vision and life insurance, 401K plan with match contributions
    • profit sharing
    • tuition reimbursement program
    • 10 paid holidays and generous paid time off program
    • business casual dress code with "Jean Fridays"
    • free weekly company lunch or breakfast 


    Company Website

    Company Profile

    Elna Magnetics located on 203 Malden Turnpike, Saugerties, NY provides standard magnetic cores and accessories as an authorized distributor of several product lines and, through our manufacturing services department machines custom products to meet customer specifications.


    Founded in 1955 as a custom machine shop providing specialized ferrite cores to the electronics industry, Elna Magnetics continues to provide custom machining services as well as authorized distribution of Ferroxcube, Fair-Rite Products, Metglas Inc., Magnetics Inc, EPCOS ferrite, Finemet, Micrometals, Leadertech (Ferrishield), TSC Ferrite International, and MMG products. This extensive range of magnetic products offers customers standard or custom solutions for power, signal, suppression and RFID applications. If a standard shape is not the answer, the state-of-the-art manufacturing and machining center is capable of producing one-piece prototypes, or up to millions of parts, to meet any requirements.


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