Chief Financial Officer

Nidec Traction • Full-time • Greater Chicago Area, US • 1w ago

Job Summary

The CFO for the Traction Business Unit will be a strategic business partner to the BU President and an integral member of the leadership team. The role is accountable for the full spectrum of financial leadership including planning, budgeting, forecasting, financial reporting, internal controls, compliance, and driving business performance across global operations. This individual will also work with the Motion platform CFO and MOEN CFO to ensure consistency in financial strategy across the organization.

The Chief Financial Officer, Business Unit Segment will direct and oversee the financial activities of the business unit segment, direct the preparation of current financial reports and summaries, and create forecasts predicting future growth.

CFO, Business Unit Segment is responsible for managing or performing work across multiple areas of finance, including financial planning & analysis, financial control, accounting, tax, treasury, accounts payable/receivable, and credit & collections. Activities include financial transaction/data entry, financial data verification, financial records maintenance, and compiling/maintaining ad-hoc financial information. This job typically manages multiple teams led by Senior Managers and Managers. May be a Country Department Head. Responsibilities typically include: •Ownership of short to mid-term (1-3 years) strategy execution and operational direction in alignment with parent/corporate organization objectives. •Decisions have a serious impact on the overall success or failure on area of accountability. •Interacts with executive leadership and others concerning matters of significance to the organization.

Qualifications:

Bachelor’s degree in Finance, Accounting, Economics, or related field (Master’s or MBA preferred)
CPA, CMA, or equivalent certification strongly preferred
15+ years of progressive finance leadership experience, ideally in industrial, manufacturing, or engineering-driven businesses
Proven experience managing P&L in a global, matrixed organization
Experience in reviewing the balance sheet, identifying trends, potential risks, and areas of concern that need to be addressed with the regions
Effective cashflow forecasting, through managing working capital (accounts receivable and payable), and implementing strategies to optimize cash flow to ensure business targets are met, including executing Inventory targets
Strong business acumen and ability to influence cross-functional teams
Results-oriented with high achiever motivation
Excellent communication, analytical, and leadership skills
Experience with ERP systems (e.g., SAP, Oracle) and financial planning tools
Strong adaptability to multiple cultures
Willingness to travel up to 50% of the time
Languages:
English mandatory. Other language skills are helpful.

SPECIFIC JOB RESPONSIBILITIES

Collaborate with the Traction management team to shape and drive business strategy, investments, and profitable growth
Provide financial insights and decision support to ensure the delivery of financial targets
Lead annual budgeting, strategic planning, and monthly/quarterly forecasting processes
Monitor financial performance against targets, and proactively identify risks and opportunities
Ensure timely and accurate financial reporting in line with US GAAP and company policies.
Oversee global consolidation of financial results for the BU
Drive cost optimization, working capital improvement, and margin enhancement initiatives
Partner with operations and supply chain to optimize asset utilization and capital expenditures
Ensure compliance with internal control standards, audit requirements, and regulatory guidelines
Maintain robust governance and risk management practices across global sites
Serve as the financial liaison between the BU and MOTION/MOEN finance leadership
Effectively communicate financial results and strategic insights to both BU and platform stakeholders
Lead and develop a high-performing global finance team
Promote a culture of accountability, continuous improvement, and financial discipline