Director, Controller & Fin Planning

3 days left

Employer
Visteon Corporation
Location
India
Posted
Jun 09, 2024
Closes
Jun 28, 2024
Ref
4728919716
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
At Visteon, the work we do is both relevant and recognized-not just by our organization, but by our peers, by industry-leading brands, and by millions of drivers around the world. That's YOUR work.

And, as a truly global technology leader in the mobility space, focused on building cross-functional AND cross-cultural teams, we connect you with people who help you grow.

So here, whatever we do is not a job. It's a mission. As a multi-billion-dollar leader of disruptive change in the industry, we are shaping the future, while enabling a cleaner environment. No other industry offers more fast-paced change and opportunity. We are in the midst of a mobility revolution that will completely change the way we interact with our vehicles, reduce the number of car accidents and fatalities, and make the world a cleaner place.

Visteon is at the epicenter of this mobility revolution.

Two major trends in the automotive industry - the shift to electric vehicles and vehicles with autonomous safety technologies - have created unique opportunities for Visteon. We are the only automotive provider focused exclusively on cockpit electronics - the fastest-growing segment in the industry.

And our team is ready for YOU. To show the world what you can do.

Detailed description:

Regional Finance Director

Transforming how we interact with our vehicles to make the driving experience more enjoyable, connected, and safe.

Be a Part of the Technology Revolution

There has never been a more exciting time to be part of a cockpit electronics and electrification technology company like Visteon. The mobility industry is transforming how we interact with our vehicles to make the driving experience more enjoyable, connected, and safe.

Technology is at the heart of that transformation and is fueling the digital, electric, and autonomous evolution of our global automotive customers. Our core products align with key industry trends and include digital instrument clusters, displays, Android-based infotainment systems, domain controllers, advanced driver assistance systems and wireless battery management systems for electric vehicles.

The mission of this role: As the Regional Finance Director, your mission is to provide strategic financial leadership and guidance to the regional business operations. You will partner with the VP of Operations Finance and FP&A, Senior Director of Finance Operations in APAC, as well as the Regional General Managers, to drive financial performance, achieve business objectives, and support the overall success of the organization at the same time of serving customers with excellent technologies and products. You will lead a diverse finance team responsible for various functions, ensuring that financial decisions are driven by actionable insights and aligned with the company's key leadership principles.

Scope of the role: As the co-pilot to the business and a member of APAC finance and India regional leadership team, you will oversee multiple finance functions, including Commercial Finance, Plant Finance (dotted line), Engineering Finance, budgeting, forecasting, business case preparation, assessing business risks, and Accounting while working closely with the regional Tax and Treasury teams. Your scope will encompass financial activities for the entire region and will be instrumental in delivering the company's financial results through decisive actions and effective financial planning.

Accountabilities and Success Measures

Key accountability

Success measures

Financial Performance
  • Drive and optimize the region's financial performance by analyzing market trends, sales data, and cost factors.
  • Develop strategies to maximize revenue, control costs, and improve overall profitability.
  • Monitor and control capex spending as well as MFG operation spending to meet the size and growth speed of business
  • Provide financial insights and recommendations to support business decision-making.
  • Achievement of revenue, profitability and cashflow targets for the region.
  • Successful implementation of cost control measures and efficiency improvements.
  • Positive contributions to overall business performance.

Financial Planning and Analysis
  • Lead the preparation of budgets, forecasts, and financial plans for the region.
  • Monitor financial performance against targets and provide regular variance analysis and reporting.
  • Identify risks and opportunities and develop mitigation strategies.
  • Formulate ad hoc financial reports to regional and global leadership team to dive into details and drive actions to meet short-term and long-term financial commitments
  • Timely and accurate budgeting, forecasting, and reporting.
  • Proactive identification and resolution of financial challenges.

Commercial and Customer Finance
  • Collaborate with commercial, manufacturing, and engineering teams to develop customer quotes and secure commercial recoveries from customers for elevated semiconductor costs.
  • Manage business equation for the region to enhance profitability.
  • Achieve regional NBW targets with a path towards global profitability targets 2026
  • Secure customer recovery targets
  • Financial Operations and Compliance
  • Ensure proper accounting and adherence to financial regulations.
  • Ensure proper controls are in place
  • Audit readiness and compliance with all accounting standards.
  • Eliminate or significantly reduce need for prior period adjustments

Engineering Finance and Cost Optimization
  • Partner with engineering teams to drive efficiencies and cost reductions in the development and production processes.
  • Drive software productivity for regional programs
  • Implementation of cost-saving initiatives without compromising quality and performance.

Finance Team Leadership
  • Lead and develop a high-performing finance team to achieve departmental goals.
  • Foster a culture of continuous improvement, collaboration, and accountability.
  • Lead and develop a high-performing finance team to achieve departmental goals.
  • Foster a culture of continuous improvement, collaboration, and accountability.
  • Empower team to be proactive in delivering and learning

Other Finance Operations Responsibilities
  • Lead and direct team for various statutory and local tax reporting, local legal compliance related activities
  • Authorize purchasing, payroll payment, sourcing, bank payment, and execute global decisions for operations in India region
  • Lead and direct team to work with various auditors, including but not limited to internal audit, external audit and customer audit.
  • Lead and develop a high-performing finance team to achieve departmental goals.
  • Foster a culture of continuous improvement, collaboration, and accountability.

Key experience required
  • Chartered Accountant or similar professional degree with 15 plus years relevant corporate experience in Accounting & Finance
  • Bachelor's degree in Finance, Accounting, or related field (MBA, CFA, CMA, or CPA preferred).
  • Proven experience (minimum 8 years) in finance leadership roles, preferably within a multinational company.
  • Strong track record of financial performance management, cost optimization, and strategic planning, in manufacturing industry (must) (auto-parts industry preferred) (experience in service industry, such as R&D and consulting, is a plus).
  • High level of integrity.
  • Experience in managing diverse finance functions and teams.
  • Experience in matrix organization, guiding cross functional business leaders, stakeholders as well as external agencies, with speed and agility in operations (project management experience preferred)

Technical and Functional Competencies
  • Financial planning, budgeting, and forecasting with strategic view as well as short-term focus.
  • Financial analysis and modeling.
  • Risk management and compliance.
  • Commercial finance and pricing strategies.
  • Accounting and tax principles, for local India (I-GAAP) as well as U.S. GAAP.
  • Leadership and team development, leading teams in different locations
  • Effective communication skills and ability to influence decisions through presentation or short speech

Leadership Principals and Behavioral Competencies
  • Lead from the front: Demonstrates leadership by setting a positive example, making informed decisions, and taking ownership of results.
  • Inspire change: Embraces innovation, drives continuous improvement, and fosters a culture of adaptability.
  • Build strong teams: Develops and empowers teams to achieve their full potential and fosters a collaborative and inclusive work environment.
  • Lead the market: Drives the organization to be competitive and market-leading by identifying opportunities and strategically positioning the business.

More Good Reasons to Work for Visteon Focusing on the Future

Our company strategy focuses on leading the evolution of automotive digital cockpits and safety solutions. This strategy is driven by constant innovation, and you will support our efforts through your role. We are recognized across the industry for innovation. We have a strong book of business that is expected to drive future growth, along with a customer base that includes almost every automotive manufacturer in the world.

Company Culture

Working at Visteon is a journey in which our employees can develop their strengths and advance their careers while making a difference globally. Join us and help change the world and how we interact with our vehicles. Visteon is where the best technical talent creates the future. Learn more about our culture here.

Competitive Compensation and Benefits

Visteon offers competitive salaries and benefits and an environment that encourages employees to achieve their career goals.

About Visteon

Visteon is a global technology company serving the mobility industry, dedicated to creating a more enjoyable, connected and safe driving experience. The company's platforms leverage proven, scalable hardware and software solutions that enable the digital, electric, and autonomous evolution of our global automotive customers. Visteon products align with key industry trends and include digital instrument clusters, displays, Android-based infotainment systems, domain controllers, advanced driver assistance systems and battery management systems. The company is headquartered in Van Buren Township, Michigan, and has approximately 10,000 employees at more than 40 facilities in 18 countries. Visteon reported sales of approximately $2.8 billion and booked $5.1 billion of new business in 2021.Learn more at www.visteon.com.

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For more information about our company, technologies and products, follow us on LinkedIn, Twitter, Facebook, YouTube and Instagram. You can also follow our careers-focused channels on Twitter and Facebook to keep up with our latest job postings and the great work our employees are doing.