Director, Finance -Aerospace Solutions Division

Company: API Delevan, Inc.
Location: Downers Grove
Posted on: November 13, 2024

Job Description:

Director, Finance - Aerospace Solutions DivisionPosition Summary:Reporting directly to the VP/GM for the division, the Director of Finance will be responsible for providing Finance leadership for the Aerospace Solutions Division of Regal Rexnord, which is within the Automation and Motion Control (AMC) segment. The Director of Finance reports indirectly to the Segment AMC, CFO. The Aerospace Solutions division is comprised of 1000+ global associates across 6 global manufacturing sites, producing -$300M in revenue. The preferred location for the role will be Downers Grove, IL at our Division Headquarters.This Director of Finance provides leadership and direction to the division global finance team as well as serves as a key business partner to the VP/GM as a member of the Division Leadership Staff. This position will oversee the analysis of financial results, including interim and final financial statements with supporting schedules for the guidance of management; strategic planning; budgeting, financial planning; forecasting; financial close; SOX compliance; talent funnel management; and enhancing internal controls and procedures. This will include other various projects such as "due diligence" of new acquisitions, the integration of acquisitions as well as analysis of current operating procedures in the division to ensure adoption of "best business practices" in conjunction with RBS. Will make recommendations to improve operating results and implement the proper tracking and reporting processes. Through sound fiscal management, the Director of Finance will be a key contributor to the continuous improvement.Major Responsibilities:

• Act as a key business partner to the VP/GM, informing leadership of financial implications of business decisions.
• Provides leadership to divisional finance team; coaching, investing in talent development and increasing engagement across the global function.
• Performs all FP&A reporting to executive management on a monthly, quarterly, and annual basis.
• Oversee 3-Year Strategy Planning process including coordination with Commercial, Engineering, and Operations functions to coordinate presentation to ELT and long-term financials creation.
• Ownership of annual budget process, working with plant controllers and division leadership to set direction and establish financial targets.
• Direct monthly forecasting process with all division operating plants as well as consolidation and corporate reporting; Lead monthly close process and monthly financial operating reviews.
• Drive continuous improvement and reduce cycle time in various reoccurring financial processes through the increased utilization of technology and tools, implementation of standard operating procedures and other efficiency measures, while embracing Regal Rexnord's 80/20 principles.
• Ensures application and compliance with Regal Rexnord accounting policies and procedures, US GAAP, IFRS accounting and compliance rules and laws.
• Manage and drive completion of all internal and external audits (eliminate surprises). Reports on root causes, remediation plans, and updated status'. Drives all finding and/or process improvement opportunities to timely closures.
• Partner with other functions and serve as lead financial support for division projects including 80/20 execution, pricing strategy, and footprint optimization.
• Provide real-time coaching and development opportunities to finance team members.Required Education / Experience / Skills:
  • Bachelor's degree in Accounting or Finance.
  • Advanced degree and/or a CPA is strongly preferred.
  • Minimum of 10 years of relevant and progressive accounting/finance experience including global financial leadership, public accounting and/or manufacturing experience with consolidations, audits, financial reporting, and public company finances.
  • Previous experience in a manufacturing environment with multi-site responsibility preferred.
  • Excellent communication skills, ability to quickly establish a personal brand within the organization to drive cross functional collaboration and influence resources outside one's direct responsibility.
  • Ability to focus on the overall objective for a given process or accounting area, while at the same time able to dive into transactional detail if needed to resolve questions or issues.
  • Insightful ability to identify trends and themes for continuous improvement across the function.
  • Ability to overcome obstacles and achieve objectives, changing direction along the way to achieve business objectives.
  • Commitment to coaching and mentoring staff to enhance the proficiency, competencies and long-term development of the team.
  • Motivated by and thrives in a fast-paced environment with frequent ad hoc requests and changing priorities.
  • Proven ability to be hands on, roll up sleeves and demonstrate resourcefulness, initiative, results-orientation. Has a mindset of continuous improvement and can embrace Regal Rexnord's 80/20 principles.
  • Strong working knowledge of ERP systems; Experience with Oracle ERP system, SAP, Hyperion, and OneStream is a plus.
  • Must have strong experience with Microsoft Excel, PowerPoint and Word.Relationships:
    • Direct & Indirect Reports
    • FP&A Manager and Analysts
    • Plant ControllersInterpersonal/Leadership Skills:
      • Business & Financial Acumen
      • Visionary LeadershipBenefits
        • Medical, Dental, Vision and Prescription Drug Coverage
        • Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
        • Paid Time Off and Holidays
        • 401k Retirement Plan with Matching Employer Contributions
        • Life and Accidental Death & Dismemberment (AD&D) Insurance
        • Paid Leaves
        • Tuition AssistanceAbout Regal RexnordRegal Rexnord is a $6.5B publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools.The Company's end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.Equal Employment Opportunity StatementRegal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, age, ancestry, national origin, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills.
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Keywords: API Delevan, Inc., Tinley Park , Director, Finance -Aerospace Solutions Division, Executive , Downers Grove, Illinois