Finance Director, IPS China
Finance Director, IPS China
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Position: Finance Director IPS China
Reports Directly: GM IPS China
Location: Shanghai
Scope of leadership role
Reporting to the GM IPS China the Finance Director will be responsible for providing Finance leadership for the Industrial Powertrain Solutions (IPS) Segment in China region. This division is comprised of 1000 associates across 4 plants and trading companies in China producing $130M in revenue and expecting to grow to $180 million in the next 3 year.
This Finance Director will serves as a key business partner to the GM collaborate closely with cross-functional leaders to provide strategic oversight. This position will also direction to the local finance team in China oversee the analysis of financial results including P&L EBITA gross profit and provide decision support for IPSs business activities.
Key Responsibilities
The ideal candidate needs to demonstrate proven track recording in below areas as key responsibilities:
Strategy
- Act as a key business partner to the GM informing leadership of financial implications of business decisions.
- Develop execute and oversee long-term strategy planning process including coordination with Commercial Engineering and Operations functions to coordinate presentation to ELT and long-term financials creation.
- Lead investment proposal development and business case evaluation.
Operation & Execution
- Financial Planning & Analysis
- Performs all FP&A reporting to executive management on a monthly quarterly and annual basis.
- Monitor budget variances provide actionable insights and recommend corrective measures.
- Deliver actionable financial insights (e.g. ROI NPV margin optimization) to support data-driven decision-making.
- Monitor KPIs and performance metrics to identify trends and mitigate risks.
- Financial Reporting & Process improvement
- Lead monthly close process and monthly financial operating reviews ensure accurate and timely financial reporting in compliance with GAAP statutory and tax requirements.
- Drive continuous improvement and reduce cycle time in various reoccurring financial processes through the increased utilization of technology and tools implementation of standard operating procedures and other efficiency measures while embracing RRXs 80/20 principles.
- Cost Management
- Implement cost-control measures and efficiency optimization strategies.
- Analyze cost structures and recommend profit improvement initiatives.
- Compliance & Risk Management
- Identify and assess financial risks and develop mitigation strategies.
- Evaluate and manage currency exchange risks and financial exposure.
- Ensure adherence to internal controls SOX compliance and audit requirements.
Organization Development
- Enhance the cross functional collaboration efficiency of the finance team coordinate with the key stakeholders in the finance department including the corporate finance team and the division finance team and IPS China management team.
- Enhance the financial competency and build high-performing local finance teams.
- Lead change management initiatives to support business transformation.
Key Behaviors & Experiences
- Minimum 15 years of progressive finance/accounting experience in manufacturing including 5 years in leadership roles.
- Plant finance and corporate oversight experience required.
- In-depth knowledge of Chinese GAAP tax regulations and financial operations.
- Team Management leadership and people development skills.
- Strong interpersonal skills high self-motivation and a strong business acumen and insight.
Educational / Professional Qualifications
- Bachelors or Masters degree in Finance Accounting or related field.
- CPA or ACCA is preferred
- Proficiency in MS Office especially Excel Spreadsheets Word and PPT.
- Fluent in English (written and spoken).
About Regal Rexnord
Regal Rexnord is a publicly held global industrial manufacturer with 30000 associates around the world who help create a better tomorrow by providing sustainable solutions that power transmit and control motion. The Companys electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Companys automation offering comprised of controls actuators drives and precision motors controls motion in applications ranging from factory automation to precision control in surgical tools.
The Companys end markets benefit from meaningful secular demand tailwinds and include factory automation food & beverage aerospace medical data center warehouse alternative energy residential and commercial buildings general industrial construction metals and mining and agriculture.
Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions Power Efficiency Solutions and Automation & Motion Control. Regal Rexnord has offices and manufacturing sales and service facilities worldwide. For more information including a copy of our Sustainability Report visit .
Required Experience:
Director
Employment Type
Full-Time
