Dir, Finance
Elk Grove, IL - USA
Job Summary
Company and Business Overview
SPX Technologies is a diversified global industrial company that provides highly engineered products and technologies across critical infrastructure industrial and transportation markets. Within SPX Technologies the Detection and Measurement segment delivers advanced solutions that improve safety compliance and operational efficiency for customers worldwide. Genfare LLC part of SPX Technologies Detection and Measurement platform is a leading provider of innovative fare collection systems and services for the public transportation industry combining hardware software and cloud-based solutions to modernize transit payment experiences.
Position Summary
The Director of Finance serves as the senior finance leader for Genfare business unit within SPXs Detection and Measurement segment and is responsible for overall financial performance forecasting accuracy internal controls business contract oversite and decision support for growth and profitability. This role partners closely with Genfare and segment leadership to translate financial insights into operating actions capital allocation decisions and long-range strategy while ensuring compliance with SPX Technologies financial policies and all applicable regulatory requirements. The Director of Finance leads the finance team across FP&A accounting and related functions and acts as a key member of the Genfare leadership team.
Key Responsibilities
Strategic Leadership and Business Partnership
- Serve as the primary finance business partner to the Genfare General Manager and Detection and Measurement leadership providing data-driven insights and recommendations that shape strategy and execution.
- Develop and implement financial strategies aligned with SPX Technologies and Genfares growth margin and cashflow objectives.
- Lead financial aspects of strategic initiatives including pricing new product introductions commercial models and service offerings across hardware software and SaaS.
- Support evaluation of M&A opportunities partnerships and other strategic investments including due diligence financial modeling and integration planning.
Financial Planning Budgeting and Forecasting
- Own the annual operating plan long-range financial plan and rolling forecasts for the Genfare business ensuring alignment with segment and corporate expectations.
- Drive a rigorous FP&A cadence including revenue margin operating expense and working capital forecasts with clear variance analysis and action plans.
- Establish and maintain standard financial models and scenario analyses to assess market product and operational plans (e.g. SaaS growth implementation revenue service revenue and hardware sales).
Financial Reporting Analysis and KPIs
- Ensure timely accurate and insightful monthly quarterly and annual financial reporting for Genfare including P&L balance sheet cash flow and key operational metrics.
- Monitor and interpret key performance indicators for the business (e.g. revenue mix SaaS ARR gross margin project margins implementation and program management productivity working capital and cash conversion).
- Provide clear narrative and analysis to segment and corporate leadership highlighting trends risks and opportunities along with recommended actions.
Controls Compliance and Risk Management
- Maintain robust internal controls policies and procedures consistent with SPX Technologies standards and GAAP ensuring compliance with all financial tax and regulatory requirements.
- Oversee preparation for and support of internal and external audits; manage relationships with auditors and key external financial partners as needed.
- Identify and manage financial and operational risks including project contract credit and compliance risks implementing mitigation strategies where appropriate.
Team Leadership and Talent Development
- Lead mentor and develop talent as a player coach for the small versatile team including FP&A accounting and related support roles fostering a culture of accountability collaboration and continuous improvement.
- Define roles responsibilities and priorities within the finance organization to support a growing evolving product and services portfolio.
- Partner with broader leadership to drive cross-functional alignment improve processes (e.g. project accounting revenue recognition implementation and program tracking) and enable effective decision-making.
Cross-Functional and Operational Support
- Partner with Programs Implementation Operations Product Management Sales and Managed Services to ensure financial transparency and discipline across the project and implementation lifecycle.
- Support program and implementation leaders in revenue planning capacity and resource planning and profitability analysis for projects and SaaS offerings.
- Contribute to continuous improvement initiatives that enhance forecasting accuracy project performance cost management and customer value.
Qualifications
- Bachelors degree in Finance Accounting or related field; MBA and/or CPA/CMA strongly preferred.
- 10 years of progressive experience in finance with at least 5 years in a senior leadership role (Director VP or equivalent) in an industrial manufacturing or complex technology environment.
- Experience supporting or leading a business unit or P&L of comparable scale $100m-$200m ideally within an industrial project based and recurring revenue based or SaaS-enabled business.
- Strong knowledge of GAAP financial reporting standards internal controls contractual terms and regulatory requirements.
- Demonstrated experience with acquisitions including due diligence and integration.
- Proven track record of building and leading high-performing finance teams and driving performance improvements.
- Advanced analytical strategic thinking and problem-solving skills; comfortable working in a fast-paced matrixed organization.
- Exceptional communication and interpersonal skills with the ability to influence and partner effectively with senior leaders cross-functional teams and external stakeholders.
- Experience with enterprise financial systems (e.g. JDE or similar) and advanced Excel skills; familiarity with cloud-based tools and project/implementation systems is a plus.
Preferred Experience
- Background in manufacturing plus exposure to SaaS or recurring revenue models (e.g. fare collection payments or transportation-related technology).
- Prior involvement in mergers and acquisitions including financial modeling and post-close integration of systems and processes.
- Experience working with or supporting program management implementation and managed services functions in a complex solution environment.
The compensation information that follows is a reasonable estimate for the position and is provided pursuant to legal requirements in this state. The salary estimate provided represents the typical salary range for the position and other factors may be used to determine the successful candidates actual salary including skill set experience training education organizational needs internal equity market data and geographic zone. The estimated salary range for this position is: $170000 - $230000 At SPX it is not common for individuals to be hired at the higher end of the range and compensation decisions depend on a variety of factors. This role is eligible to participate in a discretionary bonus plan subject to the rules governing the plan. SPX offers a variety of benefits including health benefits 401k retirement with a company match and flexible time off. More information about our benefits can be found on the Rewards and Benefits section of the career page.
How we live our culture
Our culture is at the center of what we do and more importantly who we are. Our core values set a standard for how we manage ourselves and our Leadership Model sets the standard for how we engage with each other. Whether you are an individual contributor or you lead a large team each of us leads at SPX.
What benefits do we offer
We know that the well-being of our employees is integral. Our benefits include:
- Generous and flexible paid time off including paid personal time off caregiver parental and volunteer leave
- Competitive health insurance plans and 401(k) match with benefits starting day one
- Competitive and performance-based compensation packages and bonus plans
- Educational assistance leadership development programs and recognition programs
Our commitment to embrace diversity to build a culture of inclusion at SPX
We value different backgrounds experiences and voices at SPX and we are committed to challenging ourselves openly communicating and striving to improve every day. We believe in creating an inclusive work environment where everyone has a voice and is encouraged to realize their fullest potential.
SPX is an affirmative action and equal opportunity employer committed to making selection decisions without regard to race color religion sex sexual orientation or identity national origin age disability veteran status or any other legally protected basis.
About Company
SPX Technologies, based in Charlotte, NC, is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets.