Job Header

Back to list

Finance Manager

bw_wordkay_placeAuburn Hills - Michigan - USA

bw_wordkay_timeFeb 13, 2020

bw_wordkay_optionFull time

bw_wordkay_idR2019-2946


POSITION SUMMARY

The position of Finance Manager reports to the Business Unit Controller and is located at the Propulsion Technical Center (PTC) in Auburn Hills, MI.

The ideal candidate thrives in fast-paced environments that include challenging and multi-faceted assignments, participates in, as well as impacts culture in a positive way and identifies, as well as creates opportunities for improvement in partnerships and in business processes. From day-to-day, you will need to remain objective, unbiased and positive as you handle multiple assignments at one time as well as coach, guide and lead others.

This is a service-oriented role which involves continuous partnership with customers. You will remain positive and engaged with all team members, face-to-face and in all written communications. You will also manage accurate reporting and consolidation of financial and related data for our Morse Systems Business Unit. You’ll create detailed financial analysis and reviews to ensure accuracy, relevancy, and effectiveness of financial data. You will also contribute to meaningful decisions on financial information and analyses to fulfill company objectives while providing recommendations for process improvement.

KEY RESPONSIBILITIES

  • Interprets and implements key objectives for business unit.
  • Lead role for consolidation of monthly actual and forecast results and preparation of various finance analysis relative to business performance, forecast and plans for the Business Unit Headquarters (BU).
  • Lead the preparation of the Global Morse Engineering and the business unit’s budget and long-range plan. Uses targets to align resource planning. Prepares necessary graphics for Leadership Team review of Research & Development (R&D) and BU budgets. 
  • Maintains accurate cost center reporting and control. This position will assist the engineering managers and other department managers in the identification and implementation of corrective actions to ensure target achievement.
  • Impacts and communicates monthly R&D reporting package and metrics and schedules regular reviews of budget status with the engineering leadership team. Frequently reviews, challenges and adapts the engineering reporting systems to adhere to business needs and objectives.
  • Facilitates the billing of R&D services across all legal entities to support local statutory reporting requirements. Maintains all internal engineering service agreements.
  • Assists with the maintenance of the global project reporting systems to ensure timely closure of projects and accurate project allocations. Performs periodic audits of time records to validate completeness.
  • Primary lead in the development of allocation models to accurately assign costs to reporting units. 
  • Responsible for General Ledger activity in SAP, including reviewing monthly/quarterly journal entries, special accruals and running reports.
  • Prepare and review Balance Sheet account reconciliations, including analyzing and resolving any variances.
  • Accountable for the credibility of financial information released to external and internal customers.
  • Champion for site compliance of company policies and procedures.
  • Implement and continually monitor business controls to ensure BW policies and financial goals are met. Drive consistent financial practices and efficiencies for the BU.
  • Liaise between plants and Internal/External audit to ensure BU audits are executed effectively and efficiently. Implement best practices to minimize repeat findings.
  • Create and assist in the review of Appropriation Requests by advising on content and business case viability.
  • Oversee maintenance of fixed asset financials and leading bi-annual Fixed Asset Audits.
  • Work closely with other Reporting Unit Finance teams, as well as Corporate Headquarters, to settle intercompany variances.
  • Provide quarterly review of documentation to assure compliance with revenue recognition, lease accounting and other new accounting standards as they arise.
  • Assist Business Unit Controller in monthly corporate reporting including actuals, forecasts and budget analysis and follow-up with other RUs as necessary.
  • Design and prepare various ad hoc analyses and reports and provide input to Business Unit Controller and VP of Finance.
  • Manages a team of two Analyst and an Intern; support their growth and development.
  • Responsible for completion of special/strategic assignments as required.
     

EDUCATION AND EXPERIENCE (Minimum Qualifications)

  • Bachelor’s Degree in accounting or finance
  • CPA or CMA and master’s degree preferred
  • 8+ total years of experience with 3+ years of managerial experience
  • Experience working at a manufacturing plant is preferred
  • SAP or similar general ledger experience required
  • Experience with HFM a plus
  • Strong understanding of business controls
  • Strong analytical/problem solving and decision-making skills with increased responsibility in controlling, budgeting and forecasting
  • Strong capability to assess / implement business processes
  • Ability to manage multiple assignments and take on new responsibilities
  • Good interpersonal and communication skills
  • Strong leadership skills
  • Attention to detail
  • Ability to function independently with minimal supervision


CORE COMPETENCIES
Functional Technical Skills  
Drive for results
Informing
Process Management
Priority Setting
Business Acumen                                                                                                                  


SAFETY AND HEALTH
Responsible for completing required safety training, reporting and correcting any unsafe practices as appropriate, completing work activities in a safe manner, and complying with safety and health requirements for respective position.

Global Terms of Use and Privacy Statement


Carefully read the BorgWarner Privacy Policy before using this website. Your  ability to access and use this website and apply for a job at BorgWarner are conditioned on your acceptance and compliance with these terms.

Please access the linked document by clicking here, select the geographical area where you are applying for employment, and review. Before submitting your application you will be asked to confirm your agreement with the terms.

close