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Chief Financial Officer

3 months ago

Ann Arbor, United States Wacker Chemical Corporation Full time
Date: Aug 6, 2024 Location: Ann Arbor Company: Wacker Chemical Corporation Do you want to take responsibility and make a difference with your work? With your expertise, we can achieve great goals together. We are WACKER - Reliable. Determined. Ambitious. As one of the world's most research-intensive chemical companies, we've been making countless products that are an integral part of your everyday life possible for over 100 years. From vegan food to resource-efficient buildings to solar cells, we develop sustainable solutions that change the future. To strengthen our team in Ann Arbor, we are looking for you as a(n) Chief Financial Officer.

The Chief Financial Officer is responsible for directing, planning, organizing, and executing controlling and accounting functions for all entities of the Wacker Chemie group in USA with approximate sales of $1 billion and 1,800 employees. This function manages a staff of 4 Directors that lead the areas of Controlling, General Ledger, Accounts Payable, Accounts Receivable, Credit Management, Fixed Assets, Tax, Treasury, Reporting and Information Technology, supporting 4 business divisions with 10 corresponding locations. The total departmental staff headcount is around 60. Today, this position includes board and fiduciary responsibilities for Wacker Chemical Corporation and all of its legal entities. The CFO interacts closely with the corporate heads of the corresponding functions at headquarters in Munich and reports to the CEO of WACKER USA.

Essential Functions of this Position:

  • Lead and develop a staff of 4 Directors with a total departmental headcount of around 60 that are responsible for the areas of Controlling, General Ledger, Accounts Payable, Accounts Receivable, Credit Management, Fixed Assets, Tax, Treasury, Reporting and IT, supporting 4 business divisions at 10 locations.
  • Responsible for drawing up financial and tax accounts and statements, responsible to work with external and internal auditors and receive unqualified audit opinion
  • Prepares monthly financial and operating reports or special reports as needed for management in the USA and Germany; appraises financial position of entities
  • Coordinates and administers rolling forecasts, annual and multi-year plans for the control of operations on a divisional and legal entity level. Such plans provide sales forecasts, expense budgets, profit planning, accounts receivable, cost standards and savings opportunities, and capital investing, together with the necessary controls and procedures to implement and track the plan.
  • Ensures compliance with financial policies issued by the parent company. Responsible for formulation and issuance of policies and practices required to comply with U.S. local accounting & tax requirements.
  • Ensures internal controls are implemented and kept within the region in accordance with group policies. Responsible for risk management in the region.
  • Responsible for approving customer credit limit and terms above a pre-determined dollar amount. Assures proper insurance coverage.
  • Responsible for managing the Information Technology function in North America following the global IT standards (hardware, software architecture, applications and processes) of the group.

Required Education and Experience:

  • Master's degree in accounting/controlling or a related field or an MBA
  • 10+ years of related experience including time working in a global matrix environment, preferably with European headquarters
  • CPA recommended.
  • Up tp 25% travel (in the USA and some international travel)

Critical Knowledge, Skills and Abilities:

  • Deep accounting and controlling skills to deliver accurate financials timely in collaboration with finance function of headquarters and external auditors.
  • Experience with tools and systems used within the finance function (e.g., ERP, software for accounting, planning, reporting), SAP knowledge beneficial
  • Ability to analyze company performance from financial perspective and propose improvement levers and measures across business units, sites, functions.
  • Ability to manage regional IT function. Basic understanding of IT core processes and technology stack.
  • Willingness and ability to flexibly solve urgent upcoming topics and to build up team and develop leaders from the ground.
  • Able to collaborate at ease across sites and functions domestically and internationally in a matrix organization, proven ability to build an inclusive corporate culture and department.
  • Focus on integrity, good oral and written communication skills.
What do we offer? WACKER is an equal opportunity employer committed to diversity, equity, inclusion, and sustainability. We are innovators, researchers, and pioneers and we believe that our individual differences are our collective strength. We foster an inclusive environment that promotes individuality, celebrates diversity, and builds cohesive teams. Together, we create exceptional value for our employees, our customers, and our communities by creating a culture of inclusion and equity that enables, empowers, and values our diverse contributions. WACKER strives to reward its employees in a fair and equitable manner. Our Total Rewards Package considers employee wellbeing and is comprised of compensation, benefits, work-life balance, performance & recognition, and career development.
  • Compensation and Incentive plans
  • Medical, Dental, and Vision Insurance effective day 1
  • Paid Time Off in addition to personal days and holidays
  • Paid parental leave
  • Wellbeing fund
  • Flexible hybrid work arrangements
  • 401(k) with company match
  • Education Assistance Program
  • Career development and advancement opportunities
  • Support for Community Involvement
We are looking forward to your online application at www.wacker.com.
Reference Code:27427 #LI-CE1 The information contained herein is not intended to be an all-inclusive list of the duties and responsibilities of the job, nor are they intended to be an all-inclusive list of the skills and abilities required to do the job. A minimum requirement for this US-based position is the ability to work legally in the United States on a permanent unrestricted basis. Visa sponsorship is not available for this position, including for any type of US permanent residency (e.g., for a green card). WACKER is proud to be an Equal Opportunity/Affirmative Action Employer, making decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, marital status, national origin, age, veteran status, disability, or any other protected class.


Nearest Major Market: Ann Arbor
Nearest Secondary Market: Detroit


Wacker Chemical Corporation is a Minority/Female/ Disabled and Veteran EEO/AA Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin.