Business Controller

$90,000 - $90,000/Yr

Skf USA - Plymouth, MI

Full-time - Mid Level

Plymouth, MI

10,001+ employees

Fabricated Metal Product Manufacturing

About the position

As a Business Controller at SKF, you will play a pivotal role in the North America team, specifically focusing on the OEM Automotive sector. This position is designed for a proactive and analytical individual who thrives in a dynamic environment. You will serve as a trusted finance business partner, leading the analytical and controlling processes for the USA OEM business. Your responsibilities will include highlighting business risks, providing innovative solutions, and co-driving sustainable and profitable growth alongside the country head. In this role, you will take full responsibility for the performance of the USA OEM business, ensuring accuracy in legal reporting and compliance. You will drive actual results for the Profit and Loss (P&L) and Working Capital, aiming to achieve or exceed planned targets. Your analytical skills will be crucial as you maintain product and customer mix analysis, conduct sales analysis, assess customer/channel profitability, evaluate market performance, and perform margin and cost analysis. You will also be responsible for driving continuous improvement initiatives aimed at cost savings in collaboration with the management team. Your role will involve measuring year-over-year improvements, optimizing working capital and inventory levels, and managing the yearly planning process, including strategic planning, business planning, monthly forecasts, and monthly close activities. You will perform yearly standard cost calculations and ensure that all financial and controlling matters align with SKF and local legal requirements. Additionally, you will identify risks and opportunities, initiate proactive corrective actions, and manage sales target setting and sales incentive plan calculations. Your expertise will also be needed in customer deal reviews and return on investment (ROI) calculations, as well as in managing working capital with a focus on inventory, accounts payables, and trade receivables. You will assist the Regional Business Controller in managing new business opportunities and support the sales team in simulating customer offers and reviewing price quotations. This role requires a strong interest in the automotive business and the ability to interact with various functions across the global value chain. You should be structured, results-oriented, collaborative, and capable of looking beyond the numbers to drive business success.

Responsibilities

• Take responsibility for the USA OEM business performance.
• Demonstrate responsibility for accuracy in legal reporting and compliance.
• Drive actual results for the P&L & Working Capital to achieve/exceed Plan.
• Maintain product and customer mix analysis, sales analysis, and customer/channel profitability assessment.
• Evaluate market performance and conduct margin & cost analysis.
• Drive Continuous Improvement Cost Saving Initiatives with the Management team.
• Measure for Year over Year improvement, including optimization of Working Capital/Inventory Levels.
• Drive controlling processes: yearly planning process (Strategic Plan, BP), monthly forecasts, monthly close activities, regular pulse meetings, and transformation project meetings.
• Perform yearly Standard Cost Calculation.
• Ensure that Standard Cost calculation, reporting, accounting, and other financial and controlling matters are in line with SKF and local legal requirements.
• Drive change within SKF for continuously improving business support, digitalization, and challenge current processes.
• Identify risks and opportunities and initiate proactive and corrective actions.
• Initiate actions to improve profitability (e.g. cost down initiatives, operations restructuring, financial analysis, and modeling).
• Manage Sales target setting and sales incentive plan calculations.
• Conduct customer deal reviews and ROI calculations.
• Manage working capital focusing on inventory, accounts payables, and Trade Receivables.
• Assist the Regional Business Controller in managing new business opportunities.
• Support the sales team in simulating customer offers and reviewing price quotations.

Requirements

• Bachelor's degree or above in finance related major; MBA is a plus.
• CPA/ ACCA/ CMA certificate is preferred.
• 5+ years of progressive controlling experience in the Automotive industry, with full value chain experience preferred.
• High level analytical capabilities with strong business sense.
• Good communication, collaboration, and leadership skills.
• Interest in people and relationship/network management.
• Structured, results-oriented, and collaborative mindset.

Nice-to-haves

• Experience in a global environment.
• Familiarity with digitalization processes in finance.

Benefits

• Generous PTO policy and 13 paid holidays.
• Flexible work options available depending on role.
• Comprehensive healthcare options and opt-out payment.
• Company paid life insurance, STD, LTD, and critical illness coverage.
• Tuition reimbursement and employee discount programs.
• 401K program with a 10% employer contribution and 100% match up to 5% of elected contribution.