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Director Of Finance

Binswanger Enterprises

  • Memphis, TN
  • 30+ days ago

    Highlights

    Success in this seat will be defined as much by attitude as by technical pedigree - we are looking for a finance "athlete": a proactive, self-motivated, and intellectually curious professional who is hungry to learn, dig into the data, and drive the business forward. This role serves as a strategic partner to the CFO, CEO, and business unit leaders - translating financial data into actionable insights that drive operational performance and long-term growth.

    Numbers & Facts

    LocationMemphis, TN
    IndustryConstruction
    Company Size500 to 999 employees
    Year Founded1872
    Websitehttp://www.binswangerglass.com/

    Description

    Position Overview

    The Director of Finance is a key member of Binswanger Glass's finance leadership team, responsible for overseeing the company's financial planning and analysis, reporting, budgeting, and compliance functions. This role serves as a strategic partner to the CFO, CEO, and business unit leaders - translating financial data into actionable insights that drive operational performance and long-term growth. The Director leads a high-performing finance team, steers the annual planning process, and ensures the integrity and accuracy of all financial reporting and controls across the organization.

    This is a critical role in the evolution of the business. Success in this seat will be defined as much by attitude as by technical pedigree - we are looking for a finance "athlete": a proactive, self-motivated, and intellectually curious professional who is hungry to learn, dig into the data, and drive the business forward.

    Key Responsibilities

    • Lead the financial planning and analysis (FP&A) function, delivering strategic insights, forecasts, and recommendations to senior leadership and the executive team.
    • Lead and support the annual budgeting process end-to-end, partnering with business unit leaders to align departmental plans with corporate financial objectives.
    • Build and maintain a rolling 12-month three-statement financial model (income statement, balance sheet, and cash flow) to support forecasting, planning, and lender/sponsor reporting.
    • Own detailed 13-week cash flow forecasting, partnering with the CFO on liquidity planning and working capital management.
    • Manage reporting and compliance for the company's ABL revolving credit facility, including borrowing base support and lender deliverables.
    • Analyze project-level performance across the business - including project margins, labor productivity, and contract profitability - to identify performance gaps and drive corrective action.
    • Apply knowledge of contract-based businesses and percentage-of-completion (POC) accounting to ensure accurate revenue recognition, margin reporting, and project forecasting.
    • Develop and maintain long-range financial projections and scenario models to support strategic planning and capital allocation decisions.
    • Perform variance analysis against budget and forecast, identifying performance gaps and recommending corrective actions to leadership.
    • Ensure timely and accurate preparation of financial statements, management reports, and executive presentations in accordance with GAAP.
    • Produce and manage Board of Directors materials and deliver regular financial presentations to executive leadership and the private equity sponsor.
    • Drive operational performance analysis across departments and a multi-site branch network, developing and monitoring KPIs that link financial results to business outcomes.
    • Lead financial modeling for new business initiatives, investment opportunities, M&A activity, and capital projects.
    • Oversee cash flow management and treasury operations to ensure adequate liquidity for business operations and growth initiatives.
    • Identify, assess, and mitigate financial risks including market exposure, operational inefficiencies, and compliance vulnerabilities.
    • Manage capital expenditure planning, working capital optimization, and financing strategy in coordination with the CFO.
    • Build, lead, and develop the finance team - establishing a high-performance culture and creating professional growth opportunities for team members.
    • Act as a strategic advisor to the CFO, CEO, and department heads, providing financial perspective on business decisions and initiatives.
    • Collaborate cross-functionally with operations, HR, sales, and IT to ensure financial alignment with business objectives.
    • Communicate financial performance, strategy, and risks effectively to non-financial stakeholders across the organization.
    • Serve as a liaison to external financial partners including banks, the private equity sponsor, investors, and auditors.

    About Company

    Binswanger Glass was founded in 1872 when Samuel Binswanger opened a small glass store in Richmond, Virginia. The new business thrived in the reconstruction era that followed the Civil War.

    Soon Samuel’s four sons joined him in business and the company began serving clients throughout the South.

    The early 1900s were a time of growth. By 1903, the Richmond office could no longer handle all the business and a branch was opened in Memphis. In 1923, a second branch was opened in Houston.

    The 1930s were a time of hardship. The financial crash of 1929 hit the nation hard. Everywhere men were selling apples on street corners, and “brother, can you spare a dime?” was the song of the day. Fortunately, Binswanger Glass was financially strong with the resources to withstand an economic disaster. The company was also committed to taking care of its employees and serving its customers. Although hundreds of thousands of dollars could have been saved by cutting wages, working shorter hours, and laying off employees, Binswanger chose to suffer years of losses rather than sacrifice its employees or lower its customer service standards.

    Binswanger Mirror was founded in 1947. The company’s investment in people and customer service paid off. After the Depression, the company began to grow again, and in 1947, Binswanger Mirror was established to meet the increasing demands of a post-war customer base and take advantage of the building boom that followed World War II. In the 1940s, Binswanger Glass sold a full line of glass and mirror products as well as garage doors, mantels, kitchen cabinets, breakfast nooks, and exterior doors. Dealer cost for top quality folding attic stairs was $69! When Binswanger Glass celebrated its 75th anniversary in 1947, there were 13 branches in 15 southern and southwestern states.

    By 1955, Binswanger had nearly 1,000 employees and 21 warehouses. By 1974, Binswanger responded to a growing need in the furniture industry by founding Glasscraft, the first company to produce heavy glass tabletops. Manufacturing operations were set up in Memphis, and soon glass tabletops were seen in prestigious homes and offices all over America. Their commitment to excellence is why Glasscraft was chosen to engrave the 57,000 names on the Vietnam War Memorial in Washington, D.C.

    Today, Binswanger Glass, has 70 locations in 14 states. Binswanger Glass is one of the biggest installers of glass and glass-related products for residential and commercial use and is a major installer of Auto Replacement Glass in the country. Binswanger Glass is also a leader in glass retailing, providing framed mirrors, shower enclosures and replacement glass to the general public.

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