Finance Director: Strategic Cost Optimization

1 week ago


Natick, Massachusetts, United States Cognex Corporation Full time

About the Role

Cognex Corporation is seeking a seasoned Finance Director to lead our R&D and Operations finance team. As a strategic cost optimization expert, you will drive cost efficiencies across the organization, focusing on product cost and external spending. You will partner with R&D and Operations leaders to oversee financial management and performance, ensuring the financial health of R&D projects.

Key Responsibilities

  • Develop and implement financial strategies to support global R&D and supply chain operations.
  • Lead the budgeting and forecasting process for R&D functions, owning product cost planning and providing insights into cost drivers.
  • Prepare and present financial reports to senior management, highlighting the contribution to net income and cash-flow generated by productivity initiatives and R&D projects.
  • Collaborate with functional leaders to support operational excellence and drive continuous improvement initiatives.
  • Identify and mitigate financial risks associated with global supply chain operations and R&D projects.
  • 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; MBA or relevant advanced degree preferred.
  • Minimum 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.


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