External Job
Title Finance Controller - Vehicle Group APAC
Business Function Finance/Accounting
Employee category Regular
AutoReqId 44049BR
Division Truck Components Operations
Experience
Level Ten plus years
Travel Required Up to 50 percent
Job Description Eaton Corporation, Vehicle Group, located in Shanghai China now has a job opening for Finance Controller - Vehicle Group APAC.
PRIMARY FUNCTION:
Operating as a key business partner for the Vehicle Group’s Asia Pacific region including strategic development and tactical deployment of all aspects of finance. Manage, direct, organize, and control financial activity for the region. Specifically, protect the assets the corporation has assigned to this region and provide operations management with financial guidance necessary to produce the expected return on those assets. Manage operations finance processes as well as credit, collections, and risk management for region. Builds finance function’s capabilities, inspires team to achieve high performance and develops strong financial leadership throughout the region.
ESSENTIAL FUNCTIONS:
A. Assure the existence and competency of financial systems and procedures to comply with GAAP and corporate policies and procedures to guarantee the integrity of financial reporting. Ensure compliance with statutory requirements, as appropriate.
B. Attract, select, direct and motivate professionals that consistently apply generally accepted accounting principles, and who continuously strive to strengthen the overall profitability of the business. Provide leadership and direction for finance function as member of Group Finance Leadership team. Responsible for Region Finance OCA & succession plans. Ensures adequate finance bench strength in place to meet current and future business needs. Manages resources effectively.
C. Direct the regular financial processes for the operation including month-end closing, monthly financial forecast, profit plan and strategic plan, including reporting and analysis of results. Ensure accurate and challenging plans and forecasts are submitted, with comprehensive analysis of significant variances to enable the discovery of the root cause and enable appropriate decision making and corrective action.
D. Analyze operating results and balance sheet elements to determine and recommend profit and/or cash flow improvement opportunities.
E. Provide useful information and recommendations to the operations for decision making as a result of interpretation of the financials. Identify financial risks and develop mitigation plans.
F. Review, approve and / or recommend course of action on capital investment decisions.
G. Oversee the operations of the credit analysis, collections, accounts receivable and deductions management processes. In conjunction with this responsibility, develop and organize, strategies, process improvements and tactics to improve the A/R metrics. Work with location controllers to drive benchmark performance in collection activities.
H. Leads the finance efforts on key business growth and/or repositioning studies to ensure robust and accurate financial estimates are provided in a timely manner for decision making.
I. Provide direction to location controllers in the appropriate implementation of standard cost revisions and the setting of transfer prices to other Eaton locations.
J. Ensure compliance with GAAP and Sarbanes Oxley documentation throughout entire region.
K. Conducts balance sheet reviews to ensure accuracy of stated balances and review account reconciliations. Ensure maintenance of proper accruals and reserves.
L. Reviews and approves physical inventory results, burden rate reviews and annual standard cost changes.
M. Demonstrates financial leadership to help drive through Group and corporate initiatives and ensure they are enhancing financial performance of the operations.
N. Protects assets and interests of Eaton Corporation, which includes actively hedging the region’s non-functional currency exposures.
O. Provide financial counsel and serve as a business partner to the Region President and VP/GMs through advising them on all aspects of the business.
P. Provides external benchmark analysis for financial performance as well as administrative and operational process efficiency. Implement best practices across the finance function.
Basic Qualifications (Including Educational Requirements) EDUCATION
BS degree in Finance, Accounting, or Business Administration; CPA or (or equivalent)/MBA preferred
EXPERIENCE
Minimum of 15 years experience including:
- 8-10 years in a manufacturing environment
- 5-8 years supervisory experience with at least 2 years of multi-site financial leadership
Proven managerial capability
Skill/Knowledge requirements:
• Strong interpersonal, communication and leadership skills.
• Ability to operate across, and influence within, a complex matrixed global organizational structure
• Thorough knowledge and understanding of accounting principles and concepts.
• Pronouncements of external regulatory bodies
• International experience across financial disciplines, i.e., tax strategies, transfer pricing, currency hedging, statutory reporting, legal entity implications, etc.
• Ability to prepare, analyze and interpret financial and operations analyzes/reports.
• Broad general business knowledge.
• Working knowledge of financial and ERP systems.
• General knowledge of all functional areas of the Group, Sector and Corporate organizations.
• Working knowledge of sourcing and manufacturing practices followed by Operations personnel.
Leadership Competencies:
• Creates, promotes and sustains a high performance culture. Continuously raises the performance bar for the finance organization.
• Actively upgrades the organization through the infusion of top talent, through both the selection of new employees and the development of current employees. Must be capable of evaluating talent and building organizational capability. Requires good mentoring and coaching skills.
• Continuously re-assesses the organization’s skills, competencies and abilities to meet the business needs and drive results.
• Effectively drives and manages change, challenges the status quo and champions new and innovative ideas.
• Demonstrates professional presence, communicates articulately and confidently.
• Exhibits managerial courage in defending a position and handling conflict.
• Effectively leverages functional and cross-functional resources to solve problems, improve processes and meet objectives.
• Acts as a business partner – sees the big picture – provides broad thought leadership.
ADDITIONAL INFORMATION:
A. Excellent verbal and written communication skills.
B. Ability to effectively manage multiple priorities often with demanding time constraints.
C. Understanding of global business issues, including foreign currency impacts, and effective hedging protocols.
D. Understand and effectively interact with diverse cultures and business practices seeking to establish standardized business practices, and where necessary developing robust exceptions based on local business needs and drivers.
Relocation benefit provided? Yes-From within hiring country/region only
Region Asia Pacific
Country China
City Shanghai
Index Monitor
