Senior Director, Finance (FP&A)

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Senior Director, FP&A

Bedford, MA

The role is responsible for providing financial, analytical, and decision support for the Precision Manufacturing business unit within Novanta’s Automation & Enabling Technology business segment.

This finance role reports directly to the business unit President & General Manager and VP of Finance of the AET business group.

This is a “business partner” role, in which the individual is expected to lead the business analysis, forecasting, and planning processes, and also partner with the BU leadership team to make better business decisions through provided insights and information. The candidate must be a “hand’s on” leader who enjoys challenges and thrives in a demanding environment.

Primary Responsibilities:

• Lead the monthly & quarterly financial analysis process which includes detailed analysis of the P&L and Balance Sheet to gain specific insights and make recommendations for business improvements.
• Develop and lead the monthly & quarterly financial forecasting and planning process to predict operating results, coordinate forecasting processes across the global business, define deliverables, and help drive better business outcomes.
• Coordinate with cross-functional leaders to support internal reporting & management discussion and analysis of the financial and operating performance.
• Lead annual budgeting processes including developing financial targets, key metrics, multi-year financial projections and alignment of financial and operational objectives.
• Support and manage the strategic development planning processes.
• Provide analysis of new business opportunities, customer pricing, new product development, manufacturing strategy, acquisitions modeling and due diligence efforts.
• Proactively identify process improvements, cost efficiency initiatives, while helping to drive stronger ownership over the businesses productivity programs to drive better financial outcomes.
• Ensure that the business is run in a cost effective, cash conscience manner, with an emphasis on maximizing economic returns on investments and cash on cash returns.
• Further advance initiatives to streamline and standardize financial processes across the organization, ensuring consistency and efficiency in operations.
• Develop and implement best practices for financial planning and analysis, including the creation of standardized templates and procedures.
• Collaborate with cross-functional teams to identify areas for process improvement and drive continuous improvement efforts.
• Oversee the development and maintenance of Power BI dashboards and reports to provide real-time insights into financial performance and key metrics.
• Ensure the accuracy and integrity of data used in Power BI reports, working closely with the IT and data teams to manage data sources and integrations.
• Assist in special projects as needed.

Required Experience, Education, Skills and Competencies

• BS degree in Finance or Accounting
• 10-15 years progressive experience in financial planning and analysis; industrial manufacturing experience required
• Exceptional financial, analytical, and modeling skills
• Proven management abilities in the areas of performance management, leadership influence and executive engagement
• Demonstrated success in process improvement initiatives, including problem identification & mitigation
• Advanced MS Excel required; Hyperion/HFM, and Oracle/SAP preferred
• Excellent written, verbal, analytical skills; strong interpersonal skills
• Self-starter with the demonstrated ability to work in a fast-paced unstructured atmosphere with minimal supervision

Travel Requirements           

• Travel is required to Novanta’s global locations as needed.
• Approximately 25% to Precision Manufacturing locations.

Novanta is proud to be an equal employment opportunity and affirmative action workplace. We consider all qualified applicants without regard to race, color, religion, sex (including pregnancy), sexual orientation, gender identity or expression, national origin, military and veteran status, disability, genetics, or any other category protected by federal law or Novanta policy.

Please call +1 781-266-5700 if you need a disability accommodation for any part of the employment process.