Financial Controller

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All for dreams. Dreams challenge and the Nidec-Group will continue to meet the challenge. For the world's and people's tomorrows; the world's first, the world's best technologies and products; we will continue our part in creating a better society.

Job Summary

SUMMARY OF ROLE
Primarily a business partner to the NIS business leader in USA, with dotted line to the NIS CFO and Group Controlling Director. Lead local NIS BU controlling to optimize financial performance within the assigned NIS BU and all its activities. Support effective business decisions by monitoring, analyzing, and interpreting financial data in order to evaluate various business alternatives and recommend the most appropriate business solutions.  

Job Description

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PRINCIPLE JOB RESPONSIBILITIES –

Manage all controlling, accounting & reporting activities including Billing, Cost Accounting, Inventory Accounting, appropriate Revenue Recognition & tracking of NIS BU key performance indicators (KPIs); including sustained daily support to the operational & finance teams.

• Leadership of the local controlling & accounting team in Cleveland
• Support to the country BU Leader in preparing reports for reviews with Group and Business Unit management teams and in maintaining the financial metrics appropriate for the business. Support to the BU Leader on specific ad-hoc financial projects for NIS-A. Involvement in weekly pre-S&OP and monthly S&OP meetings also necessary
• Contributes to the definition of the strategy for the NIS BU in US. Serves as the key partner for the relevant business leader in determining strategy for area of responsibility, aligning with wider strategy, implementing, and adjusting strategy implementation as needed. Maintains constant contact with relevant other managers and controllers regarding financial, market and customer situation and outlook.
• Constantly monitors and highlights new opportunities, critical points and issues based on insights, in order to contribute to assigned processes effectiveness and efficiency as well as competitive market advantage and stability, ensuring data accuracy and consistency on day-by-day basis.
• Monitoring & control of NIS A project costs, BU costs & driving necessary saving requirements, including ongoing optimization of overhead costs and lowering of the break-even point (e.g. strict cost management, process optimization & automation, zero base budgeting, reorganization, lean administration)
• Coordinate and direct the preparation of the annual budget and monthly financial forecasts and monthly reported variances with Global NIS BU controlling.
• Assist with & oversee the preparation & publishing of timely monthly financial statements, including hands-on support of the month-end and year-end close process (local GAAP & IFRS).
• Coordinate & assist with the preparation of regulatory reporting.
• Research technical accounting issues for compliance
• Ensure quality control over financial transactions and financial reporting & assist with
• Support compliance with local, reporting requirements and tax filings.
• Develop and document business processes and accounting policies to maintain and strengthen internal controls.
• Involvement in determination and documentation of internal transfer prices and the preparation of the corresponding studies / contracts
• Attendance (live/virtual) in regular meetings with NIS BU & Country management at country & global level
• Additional controller duties as necessary, responsibilities will also include financial risk management.

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REQUIRMENTS & EXPERIENCE

• Proven working experience as a Financial Controller; including preparation of the Profit and Loss Account, Balance Sheet and the Cash Flow of the business unit, offering support to the operational activity through quantitative analysis, guidance and assistance to NIS team members from all departments to base their decisions on facts, evaluating the financial impact of their actions
• 5+ years of overall combined accounting and finance experience
• Strong Leadership skills
• Thorough knowledge of accounting principles and procedures especially in the production and Project business area
• Experience with creating financial statements
• Experience with general ledger functions and the month-end/year end close process
• Proven accounting software knowledge in SAP ERP, Oracle, Cognos, Power BI beneficial
• Knowledge of MS Office, especially MS Excel, MS Power Point
• Ability & willingness to work in a matrix-like organizational environment, coordinating and guiding people towards an effective teamworking relationship regardless of their organizational level.
• Ability to proactively resolve changes occurring to NIS projects throughout the life cycle and to provide timely financial results determined by these changes.
• The employee has the obligation to ensure the safety, security and confidentiality of the data with which he operates and of the computer applications used to carry out his activity.

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EXTERNAL & INTERNAL RELATIONSHIPS 

External: Banks, local authorities, Auditors

Internal: Nidec at all levels (NIS A Country Organization, NIS Business Unit primarily controlling, accounting & reporting teams).

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TRAVEL REQUIREMENTS

Areas: USA, Globe

Frequency: approx.15% of the working time

Additional Job Details

Management – M4

Organizational Impact
• Recommends tactical and operational strategies that will directly impact the achievement of overall business unit, department and/or job family group results
• Directs the execution of strategies established by functional and/or executive leadership
• Establishes operational plans for department and/or job family group with short- to mid-term impact on results (e.g., 1-3 years)
• Work requires a high degree of responsibility for resources, and frequently influences business decisions made by senior leadership
• Typically responsible for moderate revenue and/or expenditures in multiple areas or over multiple teams with moderate oversight, with signature authority
Communication & Influence
• Communicates with parties within and outside of own business unit, department, and/or job family, and typically has responsibilities for communicating with parties external to the job family group, which may include clients or partners
• Works to influence others to accept job family group/business unit’s view/practices and agree/accept new concepts, practices and approaches. Requires ability to communicate with executive leadership regarding matters of significant importance to the organization
• May conduct briefings with senior leaders within the business unit/job family group. May at times be required to negotiate regarding operational issues
Innovation & Complexity
• Responsible for making significant improvements of processes, systems or products to enhance performance of business unit, department and/or job family group
• Problems and issues faced are numerous and undefined, where information is typically difficult to obtain
• Problems are frequently complex. Problems typically impact multiple business units and/or job family groups
• Problems are typically solved through drawing from extensive prior experience and analysis of issues
Leadership & Talent Management
• Manages a department or job family or a large team that includes multiple teams led by other people leaders
• Responsible for creating workforce and staffing plans for department/job family group/team to ensure availability of talent necessary to accomplish departmental business results
• Typically has hiring, firing, promotion and reward authority within own area, in accordance with Corporate Guidelines
Knowledge & Experience
• Requires advanced management and leadership knowledge to lead cross-department project teams or manage across multiple job family group
• Typically has mastery within a specific technical or broad expertise across multiple related disciplines
• Typically requires a bachelor’s degree or equivalent professional certification and 10 years of prior relevant experience

Equal Employment Opportunity and Affirmative Action at Nidec
Nidec is an Equal Employment Opportunity (EEO) and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants receive consideration for employment without regard to their age, gender, gender identity, sexual orientation, race, color, genetic information, religious creed, national origin, physical or mental disability, protected veteran status, or any other characteristic protected by law. For more information regarding your (EEO) rights as an applicant, please visit the following website: http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf

No Soliciting

Nidec will not accept unsolicited resumes from individual recruiters or third party recruiting agencies in response to Nidec job postings. No fee will be paid to third parties who submit unsolicited candidates directly to our hiring managers. Pre-approval from the Nidec Talent Acquisition team is required before any external candidate can be submitted and such candidate must be submitted to the Nidec Talent Acquisition team.