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Chief Financial Officer
2 months ago
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.
- 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
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
