Manager, Financial Planning and Analysis

Job Description

• [Company] has an opening for a Financial Planning & Analysis Manager for the Hydraulics Americas region, headquartered in Eden Prairie, Minnesota. The FP&A Manager works collaboratively with finance, accounting, and business resources throughout the region. This finance leader will oversee and execute the processes necessary to plan, record, analyze, and report on the financial conditions of the Americas Region, with annual sales of $1.7B, including coordinating and consolidating the reporting of the product divisions and functions, spanning 26 plants in North and South America. The FP&A Manager supports the business in decision-making processes, by providing forward-looking analysis and insight to the Americas leadership team, and ensuring alignment of planned actions and targets in the financial forecast. As a key member of the finance leadership team, the FP&A Manager will seek out areas for process improvement in the financial function and work with Division/Plant Controllers to deliver training and implement change throughout the region. This role offers a broad geographic and business scope and visibility for a high-potential leader seeking their next challenge to fuel learning and professional growth. The ideal candidate is an energetic critical thinker, highly analytical, skilled in driving process improvements, who demonstrates the drive, business acumen, and people capability to deliver results within a growing and profitable business.

Additional responsibilities include:

• Lead annual financial planning processes for the region:
• Support the regional controller and regional president in the development of annual profit plan targets for the business. Create and maintain the top-down financial plan.
• Coordinate plans, objectives, and commitments within finance and cross-functional teams (e.g. supply chain, sales, pricing, HR).
• Manage the budgeting process for the regional headquarters organization.
• Support the development of the long range financials for the annual Strategic Plan.
• Responsible for coordinating the monthly close reporting and forecasting processes for the region:
• Analyze operational and financial data, investigate variances, identify business drivers, and evaluate their impact on planned objectives.
• Deliver timely completion of close and forecasts cycles.
• Ensure accuracy and integrity of financial data and other operational metrics representing Americas’ forecasts and actual results (beyond pure financials, including cost out reporting, cost inflation, pricing, headcount, growth, and other balanced scorecard metrics).

Deliver internal / management reporting and ad hoc analysis:

• Prepare meaningful variance analysis commentary for management and publish accurate and timely financial reporting packages.
• Identify business and financial risks and opportunities to drive management action.
• Prepare and communicate insightful analysis for monthly operating reviews.
• Organize and deliver appropriate management reports to regional leadership.
• Interpret, coordinate, and respond to ad hoc financial requests from Hydraulics Group, [Company] , and the Industrial Sector.

Financial management:

• Responsible for forecasting, analysis and reporting of over $100M in regional support expenses. Promote good financial stewardship by helping control costs, driving forecast accuracy, and ensuring proper financial controls are in place
• Serve as financial business partner to headquarters’ budget owners in monthly forecasting, financial reporting & analysis, and annual development of detailed department budgets.
• Review capital investment requests for financial returns; analyze and report monthly spend
• Prepare, analyze, and present various investment initiatives, as needed.
• Work in a team environment to drive improvement in financial processes through tools/systems, automation, and standardization.
• Lead and coach three financial analysts. Manage hiring, training, and development of direct reports. Establish a work environment that encourages individual career development and growth in order to provide adequate and qualified financial professionals opportunity for advancement within the corporation. Structure and establish goals and objectives for the plant finance organization, which align to plant/operational goals as well as finance functional goals.

Skill/Knowledge requirements:

• Ability to prepare, analyze and interpret financial and operations analysis/reports.
• In-depth knowledge of cost accounting in a manufacturing environment, plant experience preferred.
• Thorough knowledge and understanding of accounting principles and concepts.
• International experience across financial disciplines, i.e., foreign currency reporting translation impacts, tax strategies, transfer pricing, currency hedging, statutory reporting, legal entity implications, etc.
• Demonstrated ability to improve processes and eliminate waste; Six Sigma or Lean experience desired.
• Systems skills/experience desired: Oracle Financials, MfgPro, ENCORE/DFT (Longview Khalix).
• Intermediate to expert level proficiency in Microsoft Excel and PowerPoint.

Additional Information:

• This high visibility position is one of the top finance roles in the Hydraulics Americas region. We are looking for a high potential professional with the desire to develop through operations and business roles.
• This role requires an action oriented, “take charge” leader, a broad business perspective, the ability to present financial information in a clear manner and the ability to work in an intense and fast-paced environment.
• This position requires flexibility relative to working hours and the ability to quickly adapt to change.
• MBA or Masters degree in Finance or Accounting and coaching experience preferred.

Basic Qualifications (Including Educational Requirements)

• Bachelor’s degree in Finance or Accounting.
• Minimum 7 years progressive financial experience within manufacturing organizations.
• Minimum 2 years of supervisory experience.
• Must be legally authorized to work in the United States without company sponsorship.