Director, Finance Americas

4 weeks ago

Arlington Heights, Illinois, United States Dover Corporation Full time

Company Overview:

DESTACO, a Stabilus Company, is a global leader in the design and manufacture of high-performance automation, workholding, and remote handling solutions. The company serves customers in a variety of end-markets, including the automotive, life sciences, consumer goods, packaging, aerospace, and nuclear sectors.

Built on a legacy of over 100 years, DESTACO offers a comprehensive portfolio of products to engineer precise movement, placement and control solutions that drive productivity and uptime for manufacturers around the world. The DESTACO family of products consists of industry-leading brands such as DESTACO Manual and Power Clamps, Camco and Ferguson Indexers, Robohand Grippers and CRL Manipulators and Transfer Ports.

DESTACO is based in Auburn Hills, Michigan, and operates globally through ~700 employees across 13 locations.

With nearly 90 years of demonstrated expertise, The Stabilus Group is one of the world's leading providers of motion control solutions for customers across a broad spectrum of industries.

Stabilus, approaching 1.5B EUR in revenue, is headquartered in Koblenz, Germany and employs more than 7,000 team members across 34 locations in 18 countries.

Stabilus SE is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the MDAX index.

Position Summary:

The Director, Finance Americas & Global Supply Chain is responsible for the financial planning and analysis processes of DESTACO's global operations and supply chain functions. This position serves as a strategic advisor and business partner to the VP of Global Operations, the VP/GM, Americas, and the VP/GM, Remote Handling. The ideal candidate will have a strong finance background in a manufacturing environment with demonstrated knowledge and leadership of primary finance and accounting processes including financial planning, forecasting, costing, budgeting, and analysis. Individual must possess excellent communication and process improvement skills as well as the characteristics needed to proactively build internal business partnerships and influence across all levels of the organization.

The Director, Finance Americas & Global Supply Chain manages four direct reports, including the US Plant Finance leads at DESTACO's two largest production plants. The Director, Finance reports to the CFO and works closely with the three VP business partners, US plant management teams, and DESTACO Finance organization to ensure that Global Operations strategy is implemented, and company operational and financial objectives are achieved. This role will either be based in one of its manufacturing locations in Wheeling, IL or Mt. Juliet, TN, or at DESTACO's Corporate office in Auburn Hills, MI.

Key Job Responsibilities included but not limited to:

Job Requirements:

  • Partner with the VP of Global Operations to implement the Global Operations strategy, monitor performance and advise on corrective actions.
  • Responsible for coordinating business unit data and analysis and delivering it in a timely manner to VP/GM business partners and other key stakeholders.
  • Manage, coach and develop direct reports and drive the team toward success.
  • Support and implement the continuous improvement roadmap for the Finance team. Leverage continuous improvement tools to drive operational advances.
  • Develop processes and procedures to ensure Global Operations compliance with all corporate requirements. Ensure accurate inventory records and assist in analyses to meet inventory turnover goals. Provide leadership on annual physical inventory and cycle counts as well as the advance material request process.
  • Work closely with operations teams, establish, maintain, and continuously improve KPI's and financial scorecards for each manufacturing plant.
  • Assist operations teams in accurately measuring the results of productivity projects versus forecasts and support root cause analyses to enhance measurements and accountability, driving productivity improvements. Build cost models for productivity planning and and measurement.
  • Support plants with financial models and analysis that help with decision-making and reporting. Includes mix models, new product launches, material substitutions, volume shifts, resource planning, etc.
  • Support non-production (NPD, Order Processing, etc.) Kaizen efforts.
  • Support development of operations capital expenditure requests, collaborating with operations to ensure metrics are clearly defined for performance monitoring.
  • Ensure the timely completion of reporting and analysis for internal and external deliverables, and effectively interact with internal and external personnel.
  • Maintains robust cost controls over all aspects of the business.
  • Provides leadership in the preparation and development of the annual operating plan, periodic financial forecasts, and support development of long term plans.
  • Oversee the daily/weekly/monthly reporting of financial and operating metrics. Analyze operations to identify trends in the business; recommend and implement specific corrective actions when warranted.
  • Oversee cost update process and models to establish and maintain accurate item costs. Work closely with sourcing group to manage material cost variances.

Experience:

  • Minimum of (8) years' Financial Management experience with at least 5 of those in a manufacturing environment.
  • Experience implementing best practices and strategic initiatives.
  • Experience setting and achieving department goals tied to company strategic goals.
  • Must be knowledgeable in financial accounting, reporting and forecasting.
  • Possess excellent analytical and financial modeling skills.
  • Be skilled in ability to effectively communicate accounting and financial information and able to influence at all levels of an organization.
  • Sense of urgency in their delivery and flexibility in terms of their style and approach.
  • Experience with Microsoft Office products.
  • Strong knowledge of ERP systems.
  • Experience in a global environment a plus.

Knowledge, Skills and Abilities:

  • Strong internal controls knowledge and skills
  • Strong knowledge of product costing
  • Strong business acumen and organizational skills, keeps timeline commitments
  • Ability to effectively deal with ambiguity, adjust priorities and delegate as needed
  • Ability to collaborate and build relationships at all levels and across functions
  • Ability to translate complex situations and large data into a clear and concise story
  • Ability to influence decisions with objective facts and act with integrity at all times
  • Excellent communicator including facilitation, verbal, and written skills

Education and Certification Qualifications:

  • Bachelor's degree required in Accounting or Finance
  • Graduate degree or CPA/CMA a plus

Travel Requirements:

Ability to travel up to 20% of the time including US and internationally

All qualified applicants will receive consideration for employment without discrimination on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, genetic information, or any other factors prohibited by law

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