Director of Finance -Eaton Digital Office
EATONBeachwoodUpdate time: June 4,2021
Job Description
This role will be responsible for leading all aspects of the Finance function for the Eaton Digital Office. The position will report directly to the Chief Digital Officer with a functional reporting line to the Electrical Sector VP Finance Controller. His/her main responsibilities will be to provide strong financial support and business partnership regarding opportunities for market growth, required investments and financial justification for them, overall financial reporting, forecasting, and planning, and providing timely and insightful information and analysis to management, support decision making and continuously working to improve organizational performance (FP&A activities). Being that this is a newly created position in a new organization within Eaton, there are some near-term priorities which include setting up the financial reporting structure for the Digital Office. This will require him/her to work collaboratively with senior operational leaders, functional leaders and finance / accounting leaders across both Electrical Sector, Industrial Sector, and Corporate. The candidate has a passion for driving positive results in a complex, environment. The successful candidate will be operationally and commercially savvy while strategic with strong leadership, digital business acumen and communication skills. The ideal candidate is energetic and a critical thinker skilled in driving pipeline, revenue growth while retaining focus on financial process improvement. Key Responsibilities: The candidate has a passion for driving positive results in a complex, environment. The successful candidate will be operationally and commercially savvy while strategic with strong leadership, digital business acumen and communication skills. The ideal candidate is energetic and a critical thinker skilled in driving pipeline, revenue growth while retaining focus on financial process improvement. Supports the Eaton Digital Office leaders in all financial aspects of the business. Leads the Financial Planning & Analyses processes for Eaton Digital Office including, but not limited to, monthly actuals reporting & analyses, monthly forecasting, annual strategic planning, annual profit planning, and other ad hoc financial analyses. Organizes and delivers appropriate management reports to regional management. Prepares meaningful variance analysis commentary for management and publishes accurate and timely financial reporting packages. Leads the financial justification of investment opportunities – Capital Acquisition Requests (CARs), inorganic & organic growth opportunities, and other commercial opportunities. Acts as a thought partner to Eaton Digital Office leaders. Leads the creation of Eaton Digital Office financial reporting processes for digital transformation initiatives across all pillars (new business models, productivity, factory digitalization, customer experience) including determining the right financial KPIs for digital orders, revenue, profitability, return on investments as it relates to digital solutions across Eaton Leads the creation of an internal controls framework within the new Eaton Digital Office – ensuring compliance to Eaton financial policies Promotes good financial stewardship by helping control costs & driving forecast accuracy. Maintains ethical business conduct and compliance are understood and supported throughout the region. Partners with the Eaton Finance team to ensure all deliverables are met in a timely and efficient manner. Qualifications Basic Qualifications: BA/BS in Accounting/Finance from an accredited institution required Minimum 10 years’ experience in financial management in a business environment. Preferred Qualifications: Master’s Degree or CPA/MBA preferred. Experience in a manufacturing environment a plus Worked in a Digital / Software / Start-up environment – understands business modeling and data monetization, lifecycle value of contracts, financial & operational KPIs for digital/software companies Experience in Software/Digital accounting preferred Position Criteria: Strong knowledge and expertise as a finance partner for an industrial software business Strong knowledge and understanding of new digital business models and financial KPIs associated with delivery of cloud based digital solutions strongly preferred Knowledge of Eaton financial systems a plus Ability to proactively diagnose problems and develop solutions. Able to reengineer financial processes to cater to a digital/software business Strong US GAAP knowledge required. We make what matters work. Everywhere you look—from the technology and machinery that surrounds us, to the critical services and infrastructure that we depend on every day—you’ll find one thing in common. It all relies on power. That’s why Eaton is dedicated to improving people’s lives and the environment with power management technologies that are more reliable, efficient, safe and sustainable. Because this is what matters. We are confident we can deliver on this promise because of the attributes that our employees embody. We’re ethical, passionate, accountable, efficient, transparent and we’re committed to learning. These values enable us to tackle some of the toughest challenges on the planet, never losing sight of what matters. Job: Finance/Accounting Region: North America – US/Puerto Rico Organization: Corporate Sector Job Level: Director Schedule: Full-time Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: Yes Does this position offer relocation?: Relocation from within hiring region only Travel: Yes, 10 % of the Time
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