Director of Finance and Operations

3 weeks ago

Reston, Virginia, United States Cognex Corporation Full time

Cognex Corporation is a leading global player in industrial machine vision, renowned for its financial strength and international presence. As a financially strong and debt-free company with over 40 years of experience, we leverage advanced optics, image sensors, and artificial intelligence software to capture and analyze images, driving innovation and excellence in our work environment.

We are committed to fostering an inclusive and equitable work environment, guided by our Work Hard, Play Hard, Move Fast culture, which celebrates employee innovation, determination, and dedication in a dynamic, fun, and distinctive atmosphere.

We are working on a hybrid schedule, with 3 days in the office (Natick HQ) and 2 days at home, allowing for a perfect balance between collaboration and flexibility.

The 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 we are focused on process improvement to provide the most efficient operational and transactional support for our customers, vendors, and employees.

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 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:

  • Cost Efficiency Initiatives: Develop and implement cost efficiency frameworks 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, evaluating the financial viability of R&D projects and providing recommendations for investment and resource allocation.
  • Budgeting & Forecasting: Lead the budgeting and forecasting process for the related functions, owning product cost planning and providing 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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