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Job Summary
As the leader of Finance for Drives Americas, the holder will drive business performance and the achievement of Business Plan targets, while maintaining tight financial controls, value add financial planning and analysis, and accurate reporting.
Job Description
BUSINESS IMPACT
- Profitable business growth achievement of Business Plan targets
- Accurate and timely financial reporting on a no-surprises basis.
- Optimized trade working capital and consistent over performance against CCC targets for inventory, receivables and payables.
- Excellent adherence to Nidec Accounting policies and IFRS
SPECIFIC JOB RESPONSIBILITIES
Business Performance
- Joint ownership and responsibility for Drives Americas Business performance outcomes.
- Aligned with the Nidec Drives Global Business, work with the Drives Americas leadership team to create and execute a business strategy that will deliver the desired business objectives.
- Actively participate in the Nidec business planning cycle of Strategy Review, Profit Review and Financial review creating action plans to deliver results.
- Create quarterly Game Plans for the Drives Americas sub-Business Segment to achieve quarterly OA targets.
- Drive an agenda of cost optimization and profit maximization in the Drives Americas business.
- Create Financial, Commercial and Operational objectives within the Drives Americas sub-Business Segment, measure performance and drive accountability.
- Present and participate in sub-business segment BPR reviews.
Financial Planning and Analysis
- Provides leadership and guidance to the FP&A team to ensure timely, accurate, and relevant financial analysis and forecasting on a daily, monthly, quarterly and annual basis to include: Sales revenue and order forecasting, Margin and profit forecasting, and Balance sheet and cash forecasting
- Proactive use of forecasting analysis and business intelligence to drive business decisions.
Financial Reporting and Control
- Lead the financial reporting activity for Nidec Drives Americas sub-business segment ensuring:
- Reporting is on time within required deadlines.
- Compliance with IFRS and Nidec Accounting policies.
- Financials are materially accurate and representative of real business performance.
- Reported financial data is presented in a way that aids understanding of the business and decision making.
- Ensure that statutory financial reporting requirements and deadlines are met.
- Ensure that a robust financial controls infrastructure is in place across the business segment that will prevent and detect fraud and
- Be compliant with Nidec Control procedures and policies.
- Support and manage the Nidec Drives internal and external audit program including SOX audit activity.
- Working with IT, ownership of the Drives Americas Financial ERP systems and BCP reporting tool to ensure that they are functionally operative meet the needs of the business.
- Ensure that an efficient and accurate costing process is in place and maintained.
Balance sheet and Cash Management
- Responsibility for the Nidec Drives Americas balance sheet and cash performance.
- Set and cascade targets for key TWC / CCC drivers – inventory, receivables and payables, aligned with Nidec Drives Global targets.
- Develop and maintain a consistent and high functioning AR collections process.
Commercial Finance
- Provide leadership. Guidance and support to the Sales organization on:
- Product pricing.
- Contract review, negotiation and approval.
- Credit limit appraisal and approval using a risk-based approach.
Team Management
- Provide leadership and guidance to your direct reports and wider Nidec Drives Finance team.
- Encourage creative, transformational thinking combined with a winning (never give up) mindset.
- Set objectives and monitor ongoing progress and performance.
- Encourage strong communication between the Finance, other parts of the Nidec Drives team
- Complete regular performance reviews, manage attendance, holidays, disciplinary issues and procedures as appropriate.
AUTHORITY AND DECISION MAKING
This role is a budget holder within the Nidec Drives Organization, and has wider authority to approve financial and other transactions across the sub-business segment in line with the DOA.
Additional Job Details
REQUIRED QUALIFICATIONS AND EXPERIENCE
Education and Qualifications
- Bachelor's degree in Accounting/Finance is required
- CPA, CMA, and MBA is highly preferred.
- 12 - 15 years experience in finance/accounting positions
- Minimum 5 years of experience interfacing with and advising executive level managers.
- Thorough knowledge of cost management techniques, financial modeling, financial control, financial analysis, financial reporting, and budgeting.
- Superior management skills; ability to influence and engage direct and indirect reports and peers
- Self-reliant, good problem solver, results oriented
- Energetic, flexible, collaborative, and proactive; a team leader who can positively and productively impact both strategic and tactical finance and administration initiatives.
- Exceptional written, verbal, interpersonal, and presentation skills. Experience with and ability to effectively communicate within all levels of an organization, including executive leadership
- Ability to operate as an effective tactical as well as strategic thinker
- Travel will be as required to meet business circumstances and objectives
- USA - regular travel
- UK and Europe - occasional travel (once per year)
Equal 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. For more information regarding your (EEO) rights as an applicant, please visit the following website: http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf
No Soliciting
Nidec will not accept unsolicited resumes from individual recruiters or third party recruiting agencies in response to Nidec job postings. No fee will be paid to third parties who submit unsolicited candidates directly to our hiring managers. Pre-approval from the Nidec Talent Acquisition team is required before any external candidate can be submitted and such candidate must be submitted to the Nidec Talent Acquisition team.
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