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Vice President of Finance
2 months ago
Are you ready to take on a pivotal role and make a significant impact in your career? At WACKER, we believe that with your financial expertise, we can achieve remarkable objectives together. As a leading global chemical company with over a century of innovation, we create sustainable solutions that enhance everyday life, from eco-friendly products to advanced technologies.
To enhance our leadership team, we are seeking a Vice President of Finance to join us.
The Vice President of Finance will oversee the strategic direction, planning, organization, and execution of financial management and accounting operations for all Wacker Chemie entities in the USA, which generate approximately $1 billion in sales and employ around 1,800 individuals. This role will lead a team of 4 Directors managing key financial areas including Controlling, General Ledger, Accounts Payable, Accounts Receivable, Credit Management, Fixed Assets, Tax, Treasury, Reporting, and Information Technology, supporting multiple business divisions across various locations. The total team size is approximately 60.
Key Responsibilities:
- Lead and mentor a team of 4 Directors and a total departmental staff of around 60, responsible for critical financial functions across 10 locations.
- Prepare and manage financial and tax reports, ensuring collaboration with both internal and external auditors to achieve unqualified audit opinions.
- Generate monthly financial and operational reports for management in both the USA and Germany, providing insights into the financial health of the organization.
- Coordinate and manage rolling forecasts, annual budgets, and multi-year plans to effectively control operations at both divisional and legal entity levels, including sales forecasts and cost management.
- Ensure adherence to financial policies set by the parent company and develop necessary policies to comply with local accounting and tax regulations.
- Implement and maintain internal controls in accordance with group policies, overseeing risk management within the region.
- Approve customer credit limits and terms, ensuring adequate insurance coverage.
- Manage the Information Technology function in North America, aligning with global IT standards.
- Master's degree in Accounting, Finance, or a related field, or an MBA.
- Over 10 years of relevant experience, particularly in a global matrix environment with European headquarters.
- CPA certification is preferred.
- Willingness to travel up to 25% within the USA and internationally.
- Strong accounting and financial management skills to deliver accurate financial reports in collaboration with headquarters and external auditors.
- Proficiency in financial tools and systems, including ERP and accounting software; knowledge of SAP is advantageous.
- Ability to analyze financial performance and recommend improvements across various business units.
- Experience managing regional IT functions with a solid understanding of core processes and technology.
- Flexibility to address urgent issues and develop team members into future leaders.
- Proven ability to collaborate effectively across diverse teams in a matrix organization, fostering an inclusive corporate culture.
- Strong focus on integrity with excellent communication skills.
WACKER is committed to fostering a diverse and inclusive workplace. We believe that our differences are our strength and we strive to create an environment that celebrates individuality and promotes teamwork. Our Total Rewards Package reflects our commitment to employee well-being and includes:
- Competitive compensation and incentive plans
- Comprehensive medical, dental, and vision insurance from day one
- Generous paid time off policy, including personal days and holidays
- Paid parental leave
- Wellness initiatives
- Flexible hybrid work options
- 401(k) plan with company matching
- Education assistance programs
- Opportunities for career development and advancement
- Support for community engagement