CFO For Traction Business Unit
The CFO for the Traction Business Unit will be a strategic business partner to the BU President and an integral member of the leadership team. The role is accountable for the full spectrum of financial leadership including planning, budgeting, forecasting, financial reporting, internal controls, compliance, and driving business performance across global operations. This individual will also work with the Motion platform CFO and MOEN CFO to ensure consistency in financial strategy across the organization.
The Chief Financial Officer, Business Unit Segment will direct and oversee the financial activities of the business unit segment, direct the preparation of current financial reports and summaries, and create forecasts predicting future growth.
CFO, Business Unit Segment is responsible for managing or performing work across multiple areas of finance, including financial planning & analysis, financial control, accounting, tax, treasury, accounts payable / receivable, and credit & collections. Activities include financial transaction / data entry, financial data verification, financial records maintenance, and compiling / maintaining ad-hoc financial information. This job typically manages multiple teams led by Senior Managers and Managers. May be a Country Department Head. Responsibilities typically include :
- Ownership of short to mid-term (1-3 years) strategy execution and operational direction in alignment with parent / corporate organization objectives.
- Decisions have a serious impact on the overall success or failure on area of accountability.
- Interacts with executive leadership and others concerning matters of significance to the organization.
Qualifications :
Bachelor's degree in Finance, Accounting, Economics, or related field (Master's or MBA preferred)CPA, CMA, or equivalent certification strongly preferred15+ years of progressive finance leadership experience, ideally in industrial, manufacturing, or engineering-driven businessesProven experience managing P&L in a global, matrixed organizationExperience in reviewing the balance sheet, identifying trends, potential risks, and areas of concern that need to be addressed with the regionsEffective cashflow forecasting, through managing working capital (accounts receivable and payable), and implementing strategies to optimize cash flow to ensure business targets are met, including executing Inventory targetsStrong business acumen and ability to influence cross-functional teamsResults-oriented with high achiever motivationExcellent communication, analytical, and leadership skillsExperience with ERP systems (e.g., SAP, Oracle) and financial planning toolsStrong adaptability to multiple culturesWillingness to travel up to 50% of the timeLanguages :
English mandatory. Other language skills are helpful.Specific Job Responsibilities :
Collaborate with the Traction management team to shape and drive business strategy, investments, and profitable growthProvide financial insights and decision support to ensure the delivery of financial targetsLead annual budgeting, strategic planning, and monthly / quarterly forecasting processesMonitor financial performance against targets, and proactively identify risks and opportunitiesEnsure timely and accurate financial reporting in line with US GAAP and company policies.Oversee global consolidation of financial results for the BUDrive cost optimization, working capital improvement, and margin enhancement initiativesPartner with operations and supply chain to optimize asset utilization and capital expendituresEnsure compliance with internal control standards, audit requirements, and regulatory guidelinesMaintain robust governance and risk management practices across global sitesServe as the financial liaison between the BU and MOTION / MOEN finance leadershipEffectively communicate financial results and strategic insights to both BU and platform stakeholdersLead and develop a high-performing global finance teamPromote a culture of accountability, continuous improvement, and financial disciplineCore Competencies :
Global MindsetLeadership CapabilityAbility to work in Matrix OrgOperates with Nidec ValuesBusiness acumen and Customer / Market FocusStrategic ThinkingProblem SolvingChange ManagementBuilding Effective TeamsAction OrientedComplexity ManagementBeing resilientCollaboratesEffective CommunicatesEqual Employment Opportunity and Affirmative Action at Nidec
Nidec is an Equal Employment Opportunity (EEO) and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants receive consideration for employment without regard to their age, gender, gender identity, sexual orientation, race, color, genetic information, religious creed, national origin, physical or mental disability, protected veteran status, or any other characteristic protected by law.