Director of FP&A - R&D and Operations

Cognex Corporation - Natick, MA

Full-time - Senior

Natick, MA

Computer and Electronic Product Manufacturing

About the position

The Finance Director for R&D and Operations at Cognex is responsible for driving cost efficiencies and overseeing financial management within the R&D and Operations functions. This role focuses on enhancing product cost efficiency, managing external spending, and ensuring the financial health of R&D projects. The position requires strong leadership skills and a global perspective, with an emphasis on collaboration and continuous improvement within the finance team and across the organization.

Responsibilities

• Govern framework for cost efficiency and working capital initiatives across the organization, particularly focusing on product costs during the R&D process and in the supply chain.
• Develop and implement financial strategies to support global R&D and supply chain operations, evaluating the financial viability of R&D projects.
• Lead the budgeting and forecasting process for related functions, providing insights into cost drivers and ensuring alignment with corporate financial goals.
• Prepare and present financial reports to senior management, highlighting contributions to net income and cash flow from productivity initiatives and R&D project performance.
• Collaborate with functional leaders to support operational excellence and drive continuous improvement initiatives.
• Identify and mitigate financial risks associated with global supply chain operations and innovation.

Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field; MBA or relevant advanced degree preferred.
• Minimum of 10 years of experience in finance, with a strong background in productivity management within a global manufacturing environment.
• At least 5 years of experience leading a team.
• Comprehensive experience with all aspects of cost accounting, from NPI to commercialization, in a high-growth technology company.
• Proven experience working with Operations teams on annual budgets and forecasting.
• Experience managing the financial performance of R&D projects is advantageous.

Nice-to-haves

• Demonstrated success in cost optimization through indirect procurement, ensuring alignment across various cost centers.
• Proven business acumen and strategic insight into enterprise value creation.
• High energy levels and a track record of success in maturing FP&A organizations.

Benefits

• Hybrid work schedule (3 days in the office, 2 at home)
• Opportunities for mentorship and career development
• Training programs and executive exposure