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Vice President of Finance

Company: Ipg Photonics
Location: Marlborough
Posted on: May 15, 2024

Job Description:

IPG Photonics is the world leader in fiber laser technology, enabling greater precision, higher productivity, and more flexible production for industrial applications and other diverse end markets, including materials processing, high-tech electronics, advanced battery technology, automotive, aerospace, medical, and defense.Our most valuable asset is our people. Like our lasers, we are diverse, powerful, and innovative. Our global workforce is distributed across more than thirty locations in twenty-four countries. Our employees are critical to IPG's success and are instrumental in driving operational execution, strong financial performance, advancing innovation, and maintaining our leading position in the laser market.The Role:The position of Vice President of Finance is a newly created role reporting directly to the Chief Financial Officer. The successful candidate will be responsible for providing financial leadership and expertise within the global finance organization while partnering cross-functionally with business leaders in more than twenty global locations. This is an ideal opportunity for an experienced leader who thrives on making a clear and identifiable impact on the performance of IPG's business.The role focuses on performing a variety of financial activities, including technical accounting, financial reporting, and operational accounting. This includes, but is not limited to, process standardization, costing, customer credit decisions, and internal control design and implementation.Primary Responsibilities:Partner with the Corporate Controller, Regional Controllers, and Subsidiary Controllers to drive impact through operational improvement projects, investment decision support, and KPI management.Oversee, review, and analyze technical accounting matters and associated transactions.Create standard processes for transactional accounting to ensure consistency and accuracy.Assist internal audit with the standardization and rationalization of internal controls across the organization.Create standardized costing methodologies at manufacturing locations.Collaborate with local controllers and purchasing departments to improve inventory control and reduce the level of inventory in accordance with established KPIs.Ensure proper inventory costing and identification of excess or obsolete inventory.Prepare ad hoc and ongoing cost analysis to support margin analysis and sales quoting.Ensure subsidiaries comply with corporate policy and have adequate local SOX controls.Participate in strategic and tactical projects, which could include acquisition or other business analyses.Work in partnership with other colleagues in the Corporate Finance Group, including the Manager of FP&A, Tax Director, Treasurer, and Senior Director of Internal Audit.Partner with the Director of Pricing and local subsidiaries to understand manufacturing costs and establish standards for product pricing.Oversee and contribute to due diligence projects related to potential acquisitions.Partner with the Information Technology Department and operational leaders to enhance current information systems and plan for new future platforms. Experience with significant global ERP implementation and upgrade projects is beneficial.Requirements:Qualifications:Bachelor's degree in accounting or finance, CPA/CMA/CFA, or equivalent qualification.15+ years of experience leading a global finance function for a multinational organization.Public Company background strongly preferred.Experience at both operational and corporate levels.Ability to travel internationally on a regular basis (up to 20%).Bilingual or multilingual capabilities are a plus.Skills & Abilities:Demonstrated ability to develop relationships and partner collaboratively with global functional accounting and finance teams, controllers, and accounting managers, as well as stakeholders across the organization, including but not limited to operations, sales, and purchasing management.Effective communication skills with the ability to convey complex information and key concepts adapted for audiences, including the Corporate Executive Team and Board of Directors.A high level of analytical and methodical skills: the ability to understand complex topics or projects and break them down into executable components using data.Maintains current knowledge and understanding of regulations, industry trends, current best practices, new developments, and applicable laws to ensure operational and financial efficiencies.A record of leading cross-functional teams in a collaborative, purposeful environment.Demonstrates a high level of personal and professional integrity. Possesses a strong work ethic with the ability to take initiative and contribute to a positive team environment.Comfortable working with different business cultures.IPG offers a competitive compensation and benefits package, including a full range of insurances, tuition reimbursement, a 401(k) Plan, three weeks of paid vacation, and much more. This position will primarily be office-based but offers some possibility for remote work. This position also requires travel both inside and outside of the United States.This position must meet Export Control compliance requirements, therefore a US Person as defined by 22C.F.R. 120.15 are required. US Person includes US Citizen, lawful permanent resident, refugee, asylee. License exception Technology and software under restriction (TSR) defined in 15 CFR 740.6 may permit person from Country Group B.The following link will take you to the government site with the list of Country Group B: https://www.bis.doc.gov/index.php/documents/regulation-docs/452-supplement-no-1-to-part-740-country-groups/file#IND789by Jobble

Keywords: Ipg Photonics, Boston , Vice President of Finance, Executive , Marlborough, Massachusetts

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