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Director of Finance

Company: Meggitt PLC
Location: Hemet
Posted on: November 10, 2019

Job Description:

Meggitt is a global engineering group specializing in extreme environment products and smart sub-systems for aerospace, defense and energy markets. We employ over 11,000 people across manufacturing facilities in Asia, Europe, North America, with regional bases in India and the Middle East.Meggitt Summary

  • Innovation is at the heart of everything we do at Meggitt, a worldwide leader in aerospace, defense, and selected energy markets.
  • We believe in our vision of Enabling the Extraordinary: To Fly, To Power, To Live. At Meggitt, we truly enable the extraordinary. Were good at what we do, and thats why customers come back to us. We are constantly working to improve our processes and performance, striving for excellence.
  • By working together, we bring extraordinary technology to our customers, building trusted global relationships, and successful collaborations through strong teamwork. Our teams are passionate about what we do and how we do it.
  • We pride ourselves on doing the right thing, in the right way wherever we operate. Our colleagues, customers, and the communities we are part of can count on us to act with integrity, honesty, and respect.
  • These core values teamwork, integrity, and excellence are what have allowed us to become the company we are today. With over 40 facilities and more than 11,000 employees worldwide, Meggitt draws on over 160 years of expertise to enhance the lives of people across the globe. The Meggitt Group is a UK quoted company with revenues of over 2bn and a market capitalization of approximately 4bn.
  • The Airframe Systems division is Meggitts largest division with revenues of over 1bn spread across 6 Product Groups, and with facilities across Europe, North America, and Asia. The Fire & Safety business is a key product group for the Airframes division and is based in Simi Valley, California. Meggitt's integrated fire protection and control systems can tell the difference between a true and false alarm, maximizing aircraft dispatchability without compromising safety. That is why over 90% of western commercial aircraft are equipped with our failsafe, fit-and-forget fire and overheat detectors manufactured in our Ventura County facility. Located on the engine and critical zones within the airframe, they are just one of several tried-and-tested Meggitt technologies underpinning our ATA Chapter 26 fire protection and control systems.
  • Located on the engine and critical zones within the airframe, they are just one of several tried-and-tested Meggitt technologies underpinning our ATA Chapter 26 fire protection and control systems.Job DesignationThe Director of Finance provides site financial leadership through comprehension and articulation of results and analytic insight. The position reports directly to the Senior Vice President, Finance for the Airframes division with a strong dotted line to the Product Group General Manager. The incumbent needs to act as a business partner and advisor to the GM and Site Leadership Council in developing and achieving financial targets. Job Core Responsibilities
    • Lead the site finance team, including FP&A / Cost Accounting, and Site Assistant Controller teams ensuring the integrity of accounting records, compliance with International Financial Reporting Standards (IFRS) and Meggitt financial policies and procedures, the on-time closing of monthly results, and the financial analysis needs of the business are met.
    • Coach and develop key talent
    • Ensure the effective and proactive process for identifying and remedying potential internal control risks as well as development and completion of Internal & External Audit improvement plans
    • An active participant in Meggitt Production System (MPS) including personal engagement, deploying finance resources and tone from the top
    • Analyze and oversee the preparation of labor, material, and overhead standards for both internal application and Cost Accounting Standards (CAS) for compliance on U.S. Military contracts. Drive assessment of variances to identify improvement opportunities and develop plans
    • Partner with Program Management in tracking actual and expected results against targets. Play an active role in regular program reviews for all major programs
    • Deploy a proactive approach to identifying needs early and mobilizing solutions before being asked
    • Develop robust financial processes (repeatable, documented, standard work)
    • Contribute to best practice process sharing with other Meggitt sites
    • Achieve personal performance goals and objectives set by the SVP Finance and Product Group GM
    • Relationship owner between the site and Group Finance, divisional FP&A, Divisional Controller, Financial Shared Services, Program Management, Sales & Marketing, and Internal & External AuditsJob SpecificationsExperience / Education Required:
      • Post-Secondary Degree in Accounting or Finance preferred
      • Aerospace experience desired with a tier 1 and or 2 company to the major aircraft OEMs. Alternatively, experience in a manufacturing industry operating with long term contracts
      • Certified Public Accountant, Chartered Accountant, Masters of Business Administration a plus
      • 10 years of relevant finance/accounting experience including 5 years of management/leadership experience
      • 5 years experience in manufacturing, supply chain, program management, internal audit, site finance management, product costing.
      • Experience of operating in a multi-national environment, ideally with international experience
      • Cost accounting proficiency and experience of government contract accounting requirements preferred
      • Position location Simi Valley, CAAttributes/Skills Required
        • Comfortable with standard costing environment, deferred cost, impairment testing, Cost Accounting Standards, International Financial Reporting Standards, discounted cash flow modeling, year to year margin analysis, and importantly partnering with operations as a key information provider.
        • Effective leadership including tone from the top, resource coordination, goal/objective setting
        • Applicants will feel at home operating in a High-Performance Culture environment, combining high levels of personal accountability with our core values of teamwork, integrity, and excellence
        • ERP environment & data management experience required - SAP experience a plus
        • Proficient at MS Office, including strong Excel skills including V-lookup, pivot tables, and filtering functions.
        • Excellent communication and presentation skills in English (verbal and written)
        • Ability to build consensus across multiple organizations
        • Ability to simplify and clarify complex and ambiguous problems
        • Track record of driving solutions to assigned tasks utilizing a proactive approach to problem solvingThis position requires the use of information which is subject to the International Traffic in Arms Regulations (ITAR). All applicants must be U.S. persons within the meaning of ITAR. ITAR defines a U.S. person as a U.S. Citizen, U.S. Permanent Resident (i.e. 'Green Card Holder'), Political Asylee, or Refugee.Meggitt is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at 1-855-474-7665 or HRISon@meggitt.com.

Keywords: Meggitt PLC, Hemet , Director of Finance, Accounting, Auditing , Hemet, California

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