Location : Onsite in Augsburg
Responsibilities
* Financial Systems and Process Alignment: Ensure that all financial systems and processes in our European operations are fully aligned with those of the Corporate Headquarters to enable seamless consolidation and standardization.
* Financial Planning and Analysis (FP&A): Lead the FP&A activities, including variance analysis, forecasting, scenario modeling, and strategic financial planning of the European business units.
* Budgeting and Budget Control:
* Oversee the annual budgeting process, including the issuance of guidelines, validation of assumptions, and consolidation of submissions.
* Ensure clear separation and control over Operational Budgets (day-to-day cost structure) and Project Budgets (NPI, Lean, automation, expansion).
* Monitor and track actual spend versus budget; provide insights into risks and variances.
* Financial Accounting and Reporting: Manage all aspects of financial accounting and reporting, including R&D reporting, in compliance with IFRS and corporate policies. Ensure timely and accurate monthly, quarterly, and annual financial statements.
* Operational Finance – 4M Framework: Partner with Site Finance and Operations teams to implement the 4M framework for cost control and operational finance oversight:
* Material – Monitor overconsumption, BOM deviation, and raw material yield.
* Method – Track process loss, rework, routing gaps, and yield efficiency.
* Machine – Assess downtime, equipment utilization, and cycle time variances.
* Manpower – Analyze labor cost per unit, idle time, overtime, attrition and productivity.
* Costing analysis and allocation: Provide standard cost rollups, variance analysis, and accurate cost allocations to support margin analysis, manufacturing decisions, and commercial strategy.
* Fixed Asset & Investment Management:
* Oversee all fixed asset controls, ensure tagging, tracking, and depreciation schedules are accurate and compliant.
* Manage Capex budgeting and project investment reviews, including ROI, IRR, and Payback analysis.
* Support post-investment evaluations and reporting to ensure strategic alignment and performance realization.
* Working Capital Management: Track and improve working capital performance by managing inventory turnover, monitoring AR aging and collection risks, and ensuring disciplined AP practices to support healthy cash conversion cycles.
* Tax and Local Regulations Compliance: Ensure compliance with local tax regulations and filings, leveraging expertise in local tax laws and international tax principles.
* Liaison with External Parties: Act as the primary contact for external auditors, tax advisors, BPO accounting firms and regulatory bodies in Europe.
* Team resources: Actively engage and coordinate with Group Finance and Shared Services teams to support transactional activities, process improvements, and resource leverage across geographies.
Requirements:
* Bachelor's degree in Accounting. A professional accounting qualification (e.g., CPA, ACCA) is favourable.
* A minimum of 6 years of experience in similar roles, with at least 2 years in a position that is able to work independently.
* Proven experience in financial reporting, budgeting, and FP&A.
* Strong knowledge of IFRS, while having basic knowledge in local European accounting standards and tax regulations being highly advantageous.
* Experience with financial systems implementation and process improvement.
* Excellent analytical, strategic thinking, and problem-solving skills.
* Good interpersonal skills and experience in engaging cross-cultural teams.
* Effective communication and interpersonal skills, with the ability to interact with all levels of the organization and external parties.
* Fluent in English, with proficiency in another European language, such as German, being highly advantageous.
* Willingness to travel frequently between Singapore and Europe.