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Finance Manager - Independence, MO #7725117

Company: Wabtec Corporation

Date: 11/22/2020

City: Independence, MO

Employment type: Full-time

Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. Wabtec has approximately 27,000 employees in facilities throughout the world. Visit the company's new website at:

It's not just about your career… or your job title…it's about who you are and the impact you are going to make on the world. Do you want to go into uncharted waters…do things that haven't been done to make yours and someone else's life better? Wabtec has been doing that for decades and we will continue to do so! Through our people, leadership development, services, technology and scale, Wabtec delivers better outcomes for global customers by speaking the language of industry.

Wabtec, also known as Westinghouse Air Brake Technologies Corporation (NYSE: WAB) is one of the world's largest providers of value-added, technology-based products and services for the global rail industry. The company's history dates to 1869 when George Westinghouse invented the air brake. Today, Wabtec products are found on virtually all locomotives, freight cars and passenger rail transit vehicles in the U.S., as well as many markets throughout the world. The company's products enhance safety, improve productivity and reduce maintenance costs for customers, and many of the core products and services are essential in the safe and efficient operation of freight rail and passenger transit vehicles.

Wabtec is a global company, headquartered near Pittsburgh, PA, with operations globally. The company has approximately 27,000 employees, and more than 70 manufacturing plants, service centers and sales offices worldwide. The company has recently expanded its operations driven by both organic growth and a significant merger with GE Transportation.

The Position

The Finance Manager for Aero Transportation Products (ATP) is the single point of contact for all site related financial reporting. Responsibilities include overseeing and managing the monthly financial close process, strategic planning, budgeting, and forecasting for the business units in addition to managing financial and accounting policies, procedures and controls at two locations – Independence, MO and McPherson, KS. The Site Controller will also work with Purchasing and Manufacturing to review manufacturing costs and variances.

The position reports directly to the CFO and indirectly (dotted line) to the site General Manager. This position is a member of a cross-functional site leadership team and must be able to partner with leaders from other areas of the business including but not limited to Operations, Supply Chain, Project Management, Sales and Marketing and Human Resources, to achieve the business plan.

Key Accountabilities

  • Management of the monthly financial close process. Generating financial statements in accordance with local and US GAAP.
  • Gain and maintain deep understanding of the business unit's financial health and key drivers.
  • Development of a sound budget and 3-year strategic plan.
  • Driving business performance to meet performance commitments monitoring all KPIs.
  • Developing accurate and predictable business forecasts. Report on the financial past, present and future performance of the business unit, with a deep understanding for the drivers behind variances (including earnings, expenses and future operations). Review weekly results to forecast in order to understand potential risks and opportunities.
  • Ensure compliance with Corporate accounting practices and procedures and internal controls. Ensure complete compliance with Sarbanes Oxley requirements, ensuring procedures and internal controls are in place each respective business unit within the Group.
  • Support and approve capital expenditures.
  • Assist General Manager in sales and margin analysis. Determine pricing adjustments and manage surcharges.
  • Analyze labor and overhead absorption compared to spend and propose solutions.
  • Strong cost accounting and manufacturing background as understanding of costs and variances are key to the profitability of the Company. Work with Purchasing and Manufacturing to understand root cause of all cost variances.
  • Gain and maintain deep understanding of the business unit's financial health and key drivers.
  • Supervise accounting staff that handles cash collections and disbursement. Ensure group meets all deliverables with no interruption in business.
  • Lead the transformation from LC-BPCS to Oracle in partnership with IT.

Basic Qualifications

  • Minimum of 7 years of accounting experience in a global manufacturing environment
  • Bachelor's degree in Accounting from an accredited college or university
  • Proficient in US GAAP
  • Strong information systems/ERP system experience.
  • Travel regularly to McPherson site – 20% of time.

Preferred Qualifications

  • Superior Excel skills are critical
  • Ability to communicate effectively with cross-functional areas in the business and with executives
  • Ability to summarize data into clear presentations
  • Good judgment and decision-making skills
  • Strategic thinking, problem solving and analytical skills
  • Interpersonal and supervisory skills, such as coaching, providing feedback, and evaluating performance of subordinates, and the ability to coach and motivate employees

Personal Skills and Characteristics

  • Strong information systems/ERP (Oracle and HFM) system experience. Driven and passionate; naturally driven with the ability to demonstrate a passion for the business that ensures the achievement of results.
  • Hands-on leadership style; highly interactive; equally comfortable in the field and the board room. Committed to driving change and accountability among direct reports, implementing corporate standard practices and initiatives.
  • Deals well with ambiguity; can effectively cope with change; can decide and act without having the total picture; can comfortably handle risk and uncertainty.
  • Strong communicator and ability to create deep, longstanding relationships with key stakeholders.
  • Strives to continually improve all processes and to implement lean accounting principles
  • Strong commitment to business ethics and integrity.

Relocation lump sum may be provided if you meet eligibility guidelines

Wabtec Corporation is committed to taking on the world's toughest challenges. In order to fulfill that commitment we rely on a culture of leadership, diversity and inclusiveness. We aim to employ the world's brightest minds to help us create a limitless source of ideas and opportunities. We believe in hiring talented people of varied backgrounds, experiences and styles…people like you! Wabtec Corporation is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or expression, or protected Veteran status. If you have a disability or special need that requires accommodation, please let us know.

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