Senior Director, FP&A

Job description

Senior Director, FP&A LOCATION: Avon / Ohio (US-OH), United States | BRAND: Bendix | REQUISITION ID: 9798 | JOB GRADE: 19 | ON-SITE/REMOTE: On-site Want to help shape tomorrow? At Bendix, we set the standard with advanced dynamic solutions that drive improved commercial vehicle performance and safety. We’re part of the Knorr-Bremse Group, the global leader in braking technologies. As part of our team, you’ll collaborate with a world of talented and dedicated colleagues whose sense of purpose complements your own. You’ll find rewarding opportunities, diverse experiences, partnerships, and an unwavering commitment to ethics and integrity. Bendix Commercial Vehicle Systems LLC is an Equal Employment Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information. JOB DESCRIPTION: Position Title: Senior Director, Financial Planning and Analysis Reports To: CFO, Americas Location: Avon, OH Position Summary: Serve as a key member of the Bendix Commercial Vehicle Systems financial planning and analysis team providing analysis to drive financial performance and achieve business objectives. Essential Functions: Responsible for driving and monitoring financial performance, analyzing and interpreting operating results, investigating variances and unusual items; and evaluating their effect on operations. Drive the financial planning process for monthly forecast, annual budgeting, and five-year strategic plan. Drive the Cash performance with associated corrective activities within the organization. Prepare all associated forecasting, budget activities related to Cash performance Assist with decision-making for various business processes including budgeting, forecasting, and cost reductions. Drive the consolidation of all costs reduction activities Facilitate seamless communication and collaboration between central finance, business units, and plants on Budget, forecasting, and related financial processes to ensure alignment and drive operational success. Proactively identify and coach teams on potential issues, risks before they escalate, ensuring timely resolution and maintaining smooth operations. Spearhead process optimization initiatives to elevate efficiency and streamline financial planning and analysis operations. Foster dynamic, two-way communication within different areas of the organization to ensure alignment and drive informed financial decisions. Proactively ensure that Strategic Planning and Budget are aligned with robust, forward-thinking plans to drive strategic financial performance. Develop and implement standardized tools, templates, and calendars for conducting comprehensive meeting reviews, ensuring streamlined financial planning and analysis processes. Deliver precise and timely financial insights and services to the business, ensuring accuracy and alignment with strategic goals. Deliver precise summaries that ensure accuracy and clarity in financial reporting and decision-making. Interact with Local Board of Directors, HQ CFO from the Business Units and HQ controlling team Provide leadership accurate and timely financial and operational recommendations. Drive effective collaboration between HQ Munich and the business, ensuring alignment and clear communication on financial strategies and goals. Ensure the precise integration of Budget data into the KB system, maintaining accuracy and consistency for reliable financial analysis and reporting. Prepare various monthly presentation packages for management reviews. Responsible for monitoring financial performance, analyzing and interpreting operating results, investigating variances and unusual items; and evaluating their effect on operations. Oversee month end closing and provide guidance to Accounting team to finalize the monthly results. Report results to Operations and Functional leadership along with recommendations for action. Lead the financial review of plant operations and make recommendations on methods to increase profits through cost and expense reductions and other improvements and improve financial performance. Drive implementation of new digital solution within the Finance organization. Develop a culture of transformation to optimize and simplify the financial processes. Knowledge: Extensive understanding of financial concepts including financial statement analysis, accounting, budgeting, profitability analysis, and standard costing methodologies Solid understanding of the drivers of the business (i.e. industry volume patterns, specific customer products, customer/market mix, etc.) Skills: Comprehensive financial analysis skills that enable development and evaluation of business transactions and models. Advanced Excel modeling and programming skills required. Ability to communicate with C-Levels Management Strong leadership, communication, and presentation skills, working across multiple locations, management levels and functions within a sales corporate environment. Ability to prioritize multiple, complex, and ambiguous tasks in order to meet stringent deadlines. Motivated and proactive self-starter with a sense of urgency and results oriented. Strong project management skills including the ability to initiate, lead, and mentor projects/teams to identify root causes and corrective actions. Ability to influence both KB and Bendix management. Ability to deal tactfully and confidently with customers/personnel at all organizational levels in independent and often stressful and ambiguous situations. Ability to build and utilize teams to resolve complex problems. Ability to effectively manage a team. Strong decision-making skills; the ability to influence internal customers Experience: Minimum 15 years of direct and progressive financial analysis experience in a prior manufacturing environment – prior FP&A roles required. Minimum 10 years of proven managerial experience leading a team and driving strategy in order to achieve results. Proven ability to lead teams and develop talent. Prior plant financial leadership experience preferred. Enterprise Resource Planning (ERP) systems experience required; SAP preferred. Experience in project management and/ or financial management, including managing budgets, preparing estimates at complete and performing variance analysis. Working knowledge of IFRS and FX analysis preferred Prior experience in a multinational manufacturing company preferred. Education: B.A. or B.S. degree in Finance or Accounting required; MBA preferred. Green Belt certification preferred. Position Requirements: The demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The anticipated salary range for candidates who will work in Avon, OH is $160,500- $298,100 per year. The final pay offered to a successful candidate will be dependent on several factors that may include but are not limited to the type and years of experience within the job, the type of years and experience within the industry and education. Knorr-Bremse Holding Corporation is a multi-state employer, and this pay scale may not reflect positions that work in other states or locations. Provided they meet all eligibility requirements under the applicable plan documents, employees (and their eligible dependents) will be eligible to enroll in group healthcare plans that offer medical, dental, vision, and basic life and disability insurance. Employees also will be able to enroll in our company’s 401k plan. Employees will also receive 120 hours of vacation leave and 40 hours of Personal Paid Absence every year. Employees will also enjoy 12 paid holidays, and 1 floating holiday throughout the calendar year, subject to relevant terms outlined in the employee handbook. 6 weeks of paid parental leave will also be available for use. Requirements for these benefits will be controlled by applicable plan documents and policies. Employees working on federal contracts covered by the Federal Paid Sick Leave requirements will be notified and will receive benefits consistent and compliant with the FPSL requirements. Hired applicant will be able to purchase company stock, subject to the relevant plan documents and annual bonuses based on achievement of certain metrics of up to 25% of annual salary. This is intended to provide a general description of benefits and other compensation and is not a substitute for applicable plan documents or company policies. Applications for this position are accepted on an ongoing basis. #LI-SS1 Become part of our team! Join us in shaping the mobility of the future! We - that's around 32,000 employees worldwide. At over 100 locations in more than 30 countries, we are committed to progress on rail and road through technological excellence, sustainable management and social responsibility. Our most recent turnover was 7.8 billion euros. With us, you can expect an exciting and varied job in an international environment as well as an attractive package.