Jobs · Finance · Illinois

FP&A Manager

Watchfire · Danville, IL · 2 wk ago
On-siteFinanceFull-time

Role Overview

Watchfire is seeking an experienced FP&A Manager to lead financial planning, forecasting, and performance analysis for a PE-backed manufacturing business. This role will serve as a key partner to the CFO and senior leadership, providing insight into financial performance, operational drivers, and forward-looking decision support.

Key Responsibilities

  • Own the annual budget, quarterly reforecast, and long-range planning processes

  • Develop rolling forecasts for revenue, EBITDA, capital expenditures, and cash flow

  • Partner with operations and sales to understand volume, backlog, pricing, and margin drivers

  • Prepare monthly management reporting with clear variance analysis and insights

  • Track and analyze KPIs across manufacturing, gross margin, SG&A, and working capital

  • Identify risks and opportunities and provide actionable recommendations

  • Analyze standard costing, labor efficiency, overhead absorption, and inventory trends

  • Support margin improvement initiatives through detailed product, project, and customer analysis

  • Ensure financial alignment between estimating assumptions and actual results

  • Manage the Project Estimation function, including oversight of estimating accuracy and processes

  • Partner with Operations and Sales to ensure estimates reflect true cost structure and capacity realities

  • Analyze estimate vs. actual performance and drive continuous improvement in bidding accuracy

  • Support CFO with board materials, lender reporting, and PE sponsor requests

  • Provide ad hoc analysis related to capital investments, operational initiatives, or M&A activity

  • Leverage ERP and financial systems to enhance forecasting accuracy and visibility

  • Improve FP&A and estimation models, tools, and reporting

  • Standardize and automate reporting where possible

Required Qualifications

  • Bachelor’s degree in Accounting

  • CPA designation

  • 5–8+ years of experience in FP&A within a manufacturing environment

  • Strong financial modeling and Excel skills

  • Experience working with standard costing, inventory, and operational metrics

  • Ability to communicate financial insights to non-financial leaders

Preferred Qualifications

  • Experience in a PE-backed or leveraged environment

  • Prior experience supporting project-based or engineered-to-order manufacturing

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