Senior Finance Manager – Industrial Asset Services

Woodward is committed to creating a great workplace for all team members. Our company and its members are committed to acting with integrity, being respectful and accountable to one another, and staying humble and driven, while maintaining the highest professional and ethical standards.

We are steadfastly committed to attracting the best talent across our communities, creating a rewarding workplace. Together we are fulfilling our purpose to design and deliver energy control solutions our partners count on to power a clean future.

Woodward supports our members’ wellbeing and regularly benchmarks with other companies in our industry to offer an extensive Total Reward package for this position. Salary will be determined by the applicant's education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data. 

• Estimated annual base pay: $134,000(minimum) - $167,000(midpoint) - $201,000(maximum)
• Equity

All Levels are eligible for the benefits below:

• All members included in annual cash bonus opportunity. 
• 401(k) match (4.5%)
• Annual Woodward stock contribution (5%)
• Tuition reimbursement and Training/Professional Development opportunities for all members  
• 12 paid holidays, including floating holidays. 
• Industry leading medical, dental, and vision Insurance upon date of hire
• Vacation / Sick Time / Vacation Buy-up / Short Term Disability / Bereavement leave. 
• Paid parental leave.
• Adoption Assistance  
• Employee Assistance Program, including mental health benefits. 
• Member Life & AD&D / Long Term Disability / Member Optional Life 
• Member referral bonus 
• Spouse / Child Optional Life / Optional AD&D / Healthcare and Dependent Care Flexible Spending 
• Voluntary benefits, including:  
  • Home / Auto Insurance discounts 
  • Whole Life Insurance / Critical Illness Insurance / Legal Assistance / Military Leave 

 Are you ready to make your mark? If you’re a Finance Manager, we have an exciting opportunity for you.  The Industrial Asset Services Business Unit Senior Finance Manager is the finance business partner to the Business Unit (BU) General Manager with full responsibility for the business unit P&L financial statement. He/she will have a strong dotted line to the Asset Services BU GM and report functionally (solid line) to the Industrial Segment Unit CFO.

The Industrial Asset Service Business is a global engineering solutions provider helping our customers to optimize and upgrade their installed base of engine system controls for power, industrial and marine applications.

The Industrial Asset Services Business is a key contributor to the Industrial segment growth and a key lever to continue expanding our margins by increasing the penetration into the service market.

Through analysis and recommendations, this role will have a meaningful impact on helping to shape the strategic direction and to grow this strategic business unit, monitoring and improving business performance, and over time will establish standard processes, and strength financial internal controls and reporting.

What You Will Be Doing 

• Provide overall financial support to the General Manager of the Asset Services BU with full P&L responsibility
• Partner with Asset Services extended management team to develop fact-based, long-range strategic plan, identify and implement strategic initiatives to substantially grow the business over the next 3 years
• Work closely across Industrial Product Lines teams to model services grow potential developing a full understanding of the installed base and the integrated product lifecycle profitability (product and services profitability at product and customer level)
• Responsible for annual budgeting, quarterly forecasting and monthly management reporting and variance analysis for the Asset Service BU. Prepare accurate and timely management reporting package and lead monthly financial operational reviews with the Asset Services team
• Improve BU P&L forecast accuracy by implementing standard project management practices and reporting to monitor project scope, schedule, budget and R&O across the project portfolio
• Provide visibility to relevant operational project KPIs, such as as-sold vs realized margin, percentage of completion, project cash flows to drive continuous improvements and improved project profitability
• Review cost structure of the business and advised on resource planning to ensure proper utilization of resource and fixed labor cost optimization. Responsible to set the annual standard price for billable engineering and project management resources and monthly tracking of over/ under utilization metric and explanation of P&L variances
• Improve Inquiry to Order reporting of orders pipeline, conversion metrics, win/loss, orders and backlog reporting for the Asset Services business
• Work closely with the site finance managers based across our global field services and repair footprint to implement standard work and consistency in reporting across legal entities that support the Asset Services BU. Attend site monthly closing & reporting calls to ensure accuracy and consistency of reporting
• Support project contract negotiation and own the commercial finance items (contractual milestones definition, project cash flow, payment terms, currency, fx, tax items etc) working closely with the Industrial Commercial Finance Director
• Work closely with corporate teams (tax, treasury, legal) to understand cross border transactions and optimize contractual terms and business set-up to minimize costs &risks
• Develop/execute on a roadmap to improve the accuracy of Asset Services BU reporting, specifically around project cost tracking and implementation of percentage of completion method in our ERP solution
• Support in the upcoming SAP rollout and document the business requirements for the Asset Service business

What We Are Looking For 

• 5 years of financial leadership managing a Business Unit P&L. Overall, a 10+ year progressive career across finance roles (FP&A, Manufacturing Finance, Commercial Finance experience preferred) within a global manufacturing or engineering field service company
• Bachelor’s degree in Finance, Accounting or Business required
• Strong knowledge and understanding of general accounting principles and cost accounting
• Experience in a project based business preferred (good working knowledge of percentage of completion method)
• Strong working knowledge of business reporting tools such as Power BI
• Ability to work cross functionally in a highly matrixed global team, process improvement mindset, operationally oriented

Application window is anticipated to close 30 days from original posting date.

This information is provided in compliance with the Colorado Equal Pay for Equal Work Act and is the company’s good faith and reasonable estimate of the compensation range and benefits offered for this position. The compensation offered to the successful applicant may vary based on factors including experience, skills, education, location, and other job-related reasons.

This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR) and/or the Export Administration Regulations (EAR).   All applicants must be U.S. Persons within the meaning of the ITAR and EAR, or eligible to obtain all required authorizations from the U.S. Department of State and/or the U.S. Department of Commerce. The ITAR defines a U.S. Person as a U.S. citizen or national, lawful permanent resident (i.e., 'Green Card holder'), or a protected person (e.g., asylee, or refugee).

Woodward is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, sex (including sexual orientation and gender identity), national origin, age, disability, protected veteran status, or any other category protected under federal, state, or local laws.

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