Finance Director

Posted 15 Days Ago
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Minneapolis, MN
Expert/Leader
Industrial • Manufacturing
The Role
The OSM Finance Director oversees financial planning, reporting, and internal controls in compliance with financial policies. Responsibilities include providing financial leadership, conducting financial analysis, managing budgets, and ensuring accurate reporting. Direct supervisory support for financial planning staff and development of individuals are also key components of the role.
Summary Generated by Built In

Job Description Summary

Under the direction of the Sr Finance Director, the OSM Finance Director is responsible for financial planning, reporting, and maintaining adequate internal controls to ensure compliance with financial policies. The OSM Finance Director provides financial leadership to business decision making and sound, innovative planning in managing the division’s financial affairs to maximize long-term profits, cash flow and total return to Nordson shareholders. He/she leverages Nordson’s global Accounting & Control presence and infrastructure to maximize synergies. Responsible for appraising operating results in terms of costs, budgets, policies of operations, trends and driving increased profit opportunities.

Essential Job Duties and Responsibilities

  • Responsible for overseeing all operational areas effecting the business globally, including Planning and Forecasting, Asset Management, Manufacturing /Costing, and ad hoc analysis as required.
  • Provides direct supervision to financial planning and reporting support employees.  Develops people to reach their full potential through individual coaching, training, and career development, preparing them to assume increased responsibility.
  • Coordinates and drives the accuracy, completeness and timing of the Operating Plan and Strategic Plan processes, including identifying key issues, objectives, risks and opportunities.
  • Provides financial analysis and support to the organization, including capital expenditure justification and analysis, sales trend analysis, competitive and market analysis and product line P&L development to assist Business Leadership in performing their responsibilities.
  • Helps drive the successful integration of CyberOptics and their performance vs. the acquisition deal model.
  • Embraces NBS Next (part of Nordson's Ascend strategy) and the framework to guide profitable growth at Nordson, supporting the business with accurate Quad and Quartile analysis, Output Metrics and Portfolio Analysis.
  • Maintains accurate financial records in compliance with legal requirements, local accounting and US GAAP standards.  Establishes and monitors an effective internal controls environment, taking necessary actions to support SOX compliance efforts.  Liaises with internal and external auditors.
  • Identifies best practices and continuous improvement opportunities and facilitates embedment of the practices into the organization to support growth and efficiency, while reducing complexity and increasing speed.
  • Monitors average selling prices and cost of sales by product/ market while helping control expenses for the businesses. Ensures adequate reserves for inventory and warranty are being made supported by thorough analysis.
  • Meets corporate financial reporting requirements in a timely and accurate manner.
  • Assumes other special activities and responsibilities as required.

Education and Experience Requirements

  • Bachelor’s degree in Finance/Accounting.
  • Master’s in Business Administration and/or CA/CPA and/or CMA preferred.
  • Minimum 10 years of relevant experience in finance and accounting, including exposure to manufacturing operations.
  • Ability to receive assignments in form of objectives with goals and process to meet goals outlined.
  • Able to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
  • Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule forms.
  • Knowledge of Accounting software, Spreadsheet software and Word Processing software.
  • Solid accounting background and strong demonstrated supervisory and communication skills.
  • Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
  • Ability to write reports, business correspondence, and procedure manuals.

Preferred Skills and Abilities

  • Strong initiative, leadership, thinking and problem solving, financial analysis and communication skills.
  • Ability to work in a matrixed organization while keeping a clear understanding of the objectives and financial commitments of the businesses.
  • Superior technical financial skills, balanced with sound business judgment, including the ability to balance financial and operational factors, analyze complex business problems and develop appropriate solutions.
  • Strong Excel skills required.
  • SAP experience a plus.
  • Sarbanes-Oxley experience a plus.

Working Conditions and Physical Demands

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

The employee is regularly required to sit; use hands to finger, handle, or feel; and talk or hear. The employee is occasionally required to stand, walk, and reach with hands and arms; requires close vision ability. Noise level is usually moderate.

Travel Required 

Roughly 25% Travel, both domestic and international.

Top Skills

Excel
SAP
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The Company
Sydney, Sydney
2,445 Employees
On-site Workplace
Year Founded: 1954

What We Do

Nordson is a team of 7,300 global employees thriving in an environment where they are supported and encouraged to be their best. Working side by side, we build meaningful connections with each other and our customers.

Together, we deliver products that are solutions, and they’re likely touching your life every day. Have you ever changed a diaper? Opened a box of cereal? Used a smart phone or driven a car? Then we’ve already met.

At Nordson, we take pride in being an outstanding corporate citizen and strongly believe in sharing our success with the communities where our employees live and work. Whether you’re working in one of our labs, offices or manufacturing facilities, your efforts will enable our customers to succeed and our company to continuously improve and grow.

We engineer, manufacture and market differentiated products and systems used for precision dispensing and processing in a variety of end markets, from packaging to transportation and medical to electronics.

Founded in 1954, we operate under the values of integrity, respect for people, customer passion, energy and excellence. Nordson is headquartered in the United States in Westlake, Ohio, and has direct operations in more than 30 countries to support our products and systems with application expertise and a direct global sales and service organization

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