Director of Finance and Operations

4 days ago


Reston, Virginia, United States Cognex Corporation Full time
About Cognex Corporation

Cognex Corporation is a leading global player in industrial machine vision, renowned for its financial strength and international presence. With over 40 years of experience, the company has established itself as a pioneer in the field, leveraging advanced optics, image sensors, and artificial intelligence software to capture and analyze images. Cognex fosters a dynamic, inclusive, and equitable work environment, guided by its Work Hard, Play Hard, Move Fast culture, which celebrates employee innovation, determination, and dedication.

The Finance Team

The Finance team at Cognex plays a vital role in driving financially informed decisions that support the company's strategic objectives. With a strong focus on business partnerships and influence, the team invests in advanced analytics capabilities to enhance its data-driven approach to problem-solving. Process improvement is also a key priority, aiming to provide the most efficient operational and transactional support for customers, vendors, and employees. The Finance leadership team has a proven track record of talent development, offering a wide range of opportunities for growth and career advancement.

The Role

The Finance Director, R&D and Operations, will be responsible for driving cost efficiencies across the organization, with a specific focus on product cost and external spending. This role will partner with the Products and Platforms (R&D functions) and Operations leadership to oversee the financial management and performance of these functions, with a particular focus on driving product cost efficiency and ensuring the financial health of R&D projects. The ideal candidate will have extensive experience in productivity management within a manufacturing environment, strong leadership skills, and a global perspective.

Key Responsibilities
  • Productivity Initiatives: Develop and implement a framework for cost efficiency and working capital initiatives, driving execution across the organization, particularly product costs during the R&D process and in the supply chain. Own cost savings from indirect procurement.
  • Financial Strategy: Develop and implement financial strategies to support the company's global R&D and supply chain operations. Evaluate the financial viability of R&D projects, providing recommendations for investment and resource allocation.
  • Budgeting & Forecasting: Lead the budgeting and forecasting process for the related functions, own product cost planning, and provide insights into cost drivers while ensuring alignment with corporate financial goals.
  • Financial Reporting: Prepare and present financial reports to senior management, providing insights into the contribution to net income and cash-flow generated by productivity initiatives and of the financial performance of R&D projects.
  • Operational Support: Collaborate with functional leaders to support operational excellence and drive continuous improvement initiatives.
  • Risk Management: Identify and mitigate financial risks associated with global supply chain operations and related to innovation.
  • Team Leadership: Lead and develop a high-performing finance team, fostering a culture of excellence and continuous improvement.
Requirements
  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field. An MBA or relevant advanced degree is preferred.
  • Minimum of 10 years of experience in finance, with a strong background in productivity management within a global manufacturing environment.
  • At least 5 years of experience leading a team.
  • Comprehensive experience with all aspects of cost accounting, from NPI to commercialization, in a high-growth technology company.
  • Proven experience working with Operations teams on annual budgets and forecasting.
  • Experience managing the financial performance of R&D projects is advantageous.
  • Demonstrated success in cost optimization through indirect procurement, ensuring alignment across various cost centers to promote collaboration and efficient procurement strategies.
  • Proven business acumen and strategic insight into enterprise value creation. High energy levels and a track record of success in maturing FP&A organizations.
  • Strong executive presence and a proven track record of being a trusted advisor to senior leadership.

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