Director, Corporate FP&A

Director, Corporate FP&A

Date : Aug 20, 2024

The information below covers the role requirements, expected candidate experience, and accompanying qualifications.

Location : Wheeling, IL, US, 60090

Company : Dover Corporation

Company Overview :

DESTACO, a Stabilus Company, is a global leader in the design and manufacture of high-performance automation, workholding, and remote handling solutions.

The company serves customers in a variety of end-markets, including the automotive, life sciences, consumer goods, packaging, aerospace, and nuclear sectors.

Built on a legacy of over 100 years, DESTACO offers a comprehensive portfolio of products to engineer precise movement, placement and control solutions that drive productivity and uptime for manufacturers around the world.

The DESTACO family of products consists of industry-leading brands such as DESTACO Manual and Power Clamps, Camco and Ferguson Indexers, Robohand Grippers and CRL Manipulators and Transfer Ports.

DESTACO is based in Auburn Hills, Michigan, and operates globally through 700 employees across 13 locations.

With nearly 90 years of demonstrated expertise, The Stabilus Group is one of the world's leading providers of motion control solutions for customers across a broad spectrum of industries.

Stabilus, approaching 1.5B EUR in revenue, is headquartered in Koblenz, Germany and employs more than 7,000 team members across 34 locations in 18 countries.

Stabilus SE is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the MDAX index.

Position Summary :

The Director of Corporate FP&A is responsible for supporting global business expansion with complex ad-hoc analysis and reporting.

He / she will oversee annual planning cycles including the Annual Operating Plan (AOP / Budget), monthly and quarterly forecast processes, and the long-term strategic plan.

He / she will work closely with the CEO and CFO by providing analytical support for strategic projects, such as M&A, S&OP as well as performing other ad-hoc analysis as needed.

He / she will assist in developing metrics and financial reporting to monitor trends and performance to enable DESTACO to achieve its strategic objectives while also meeting or exceeding corporate metrics.

The Director of Corporate FP&A reports to the CFO, who is a member of DESTACO’s executive leadership team. The position can be located in Auburn Hills, MI or Wheeling, IL.

It requires some travel (up to 15% international and US). This role is integral to the DESTACO finance team and requires effective communication, cross-functional collaboration skills and the ability to influence at all levels of the organization to drive business results.

In addition to being a strategic advisor within DESTACO, this is critical for providing timely and accurate information to the Stabilus Group.

Key Job Responsibilities :

Finance partner to senior company leadership in key financial processes and reporting, including planning and forecast models and templates.

Manage completion of the plan and business review presentations for President / CFO.

• Champions Stabilus processes and requirements (Annual Plan, Strategic Plan, Quarterly templates, forecasting) and net working capital improvements.
• Assists with business intelligence, creating and managing scorecards, working pro-actively and cross-functionally to understand business data needs and opportunities, illuminating product line / customer / geography profitability and trends.
• Work closely with the CFO to effectively manage forward-looking financials (forecasts, budgets, what-if, etc.). Responsible for the reporting and analysis of monthly and quarterly forecasts, annual budget, and strategic operating plan.
• Produce and review key financial metrics including sales growth, earnings growth, operating margin, working capital percent, free cash flow, capex, days sales outstanding, inventory turns, and day purchases outstanding.
• Proactively monitor, bring awareness to risks and opportunities, and provide solutions to the Leadership Team to influence timely business decision-making.
• Closely evaluate financial variances and report findings to Leadership Team offering ideas, insights and / or highlighting business concerns based on financial expertise.
• Supports the expansion of the business through M&A evaluation and due diligence, organic expansion, country and regional market analysis.

Perform financial due diligence including modeling and management presentations.

Manage capital expense forecasts and track approval requests. Follow up with operations and finance teams to validate return on investment.

Experience :

• Minimum of 10 years’ experience in financial management including manufacturing environment experience.
• Experience in a Corporate FP&A role and playing a leadership role in the budget planning process / cycle.
• Proficient in working in an ERP system (Oracle preferred).
• Demonstrates sound analytical depth.
• Experience with Microsoft Office products.
• Possess excellent organization, analytical and financial modeling skills.
• Experience implementing best practices and strategic initiatives.
• Skilled in effectively communicating accounting and financial information and able to influence at all levels of an organization.
• Sense of urgency in delivery and flexibility in terms of style and approach.
• Experience in a global environment a plus.

Knowledge, Skills and Abilities :

• Analytical thinker with a drive to create innovative solutions to drive results.
• Ability to collaborate and build relationships at all levels and across functions.
• Strong executive presence with an ability to influence decisions with objective facts.
• Ability to translate complex situations and large data into a clear and concise story, including creating PowerPoint presentations and delivering the message.
• Ability to work cross-culturally and always with integrity.
• Strong business acumen and organizational skills, keeps timeline commitments.
• Ability to effectively deal with ambiguity, adjust priorities and delegate as needed.
• Excellent communicator including facilitation, verbal, and written skills.

Education and Certification Qualifications :

Bachelor’s degree in accounting or finance required.

Travel Requirements :

Ability to travel up to 15% of the time including US and internationally.

All qualified applicants will receive consideration for employment without discrimination on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, genetic information, or any other factors prohibited by law.

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