Director of Financial Planning and Analysis

4 weeks ago

Natick, Massachusetts, United States Cognex Corporation Full time
About Cognex Corporation

Cognex Corporation is a leading global player in industrial machine vision, with a strong financial foundation and a commitment to fostering an inclusive and equitable work environment. Our company culture, Work Hard, Play Hard, Move Fast, celebrates employee innovation, determination, and dedication in a dynamic and fun atmosphere.

The Finance Team

The Finance team at Cognex Corporation has strong business partnerships and influence throughout the company, driving financially informed decisions in support of the company's strategic objectives. We are investing in advanced analytics capabilities to enhance our data-driven approach to problem-solving and focused on process improvement to provide the most efficient operational and transactional support for our customers, vendors, and employees.

The Role

We are seeking a highly experienced Finance Director, R&D and Operations, to drive cost efficiencies across the organization with a specific focus on product cost and external spending. This role partners 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.

Key Responsibilities
  • Productivity Initiatives: Govern framework for cost efficiency and working capital initiatives and drive execution across the organization, particularly product costs during the R&D process and in the supply chain.
  • Financial Strategy: Develop and implement financial strategies to support the company's global R&D and supply chain operations.
  • 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
  • Exceptional Business Acumen and Strategic Commercial Insight: Demonstrates a deep understanding of market dynamics and business strategies to drive financial performance.
  • Advanced Executive Presentation and Stakeholder Engagement: Skilled in delivering compelling presentations and effectively interacting with senior executives.
  • Expert Financial Modeling and Analytical Proficiency: Capable of developing sophisticated financial models and conducting thorough analyses to support strategic decision-making.
  • Meticulous Attention to Detail for Consistent, High-Quality Outcomes: Ensures accuracy and precision in financial reporting and analysis, maintaining the highest standards of quality.
  • Superior Planning and Organizational Expertise to Meet Deadlines: Excels in managing multiple priorities and projects, ensuring timely and efficient completion of tasks.
  • Sound Judgment and Decision-Making Ability: Exercises strong judgment in evaluating financial scenarios and making informed, strategic decisions.
  • Proven Initiative in Driving Process Improvements: Demonstrates a proactive approach to identifying and implementing process enhancements that optimize efficiency and effectiveness.
  • Resilience Under Pressure in Dynamic Environments: Thrives in fast-paced settings, maintaining composure and delivering high-quality results under tight deadlines.
  • Collaborative Cross-Functional Team Leadership: Effectively leads and works within cross-functional teams, fostering collaboration and achieving shared goals.
  • Confident in Articulating Diverse Perspectives: Comfortable and skilled in presenting alternative viewpoints, contributing to well-rounded decision-making processes.
  • Track Record of Building Positive Team Culture and Talent Development: Successfully cultivates a positive team environment and is dedicated to mentoring and developing team members to reach their full potential.
Qualifications
  • 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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