Share this Job

Commercial Finance Business Partner

Date: Jul 5, 2019

Location: Toronto, CA

Company: Celestica International Inc.

Req ID: 42587 
Region: Americas 
Country: Canada 
State/Province: Ontario 
City:  Toronto 

 

What’s in it for you?

When you join Celestica, it’s more than just a job. It’s about being part of a team of talented individuals who are passionate about what they do every day, and contributing to our forward thinking and collaborative solutions for our teams and customers. 

 

The Finance Director position will be responsible for all internal and external financial reporting of actual results, including reporting to shareholders and parent company. Also, the incumbent of this role will be directly responsible for supporting the GCBU VPs in managing commercial aspects of their respective markets. Work requires investigating and resolving a wide variety of highly unusual conditions that carry long-term implications.

 

Detailed Description:   

  • Directs and controls the activities of a broad functional area through several department managers and regularly interacts with executives and/or major customers.
  • Accountable for projects or programs on a multi-national or global basis.
  • Has overall P&L responsibility for global business units they support.
  • Requires developing new strategies, policies, practices, methods, programs or techniques (in collaboration with other senior managers) and utilizing them to analyze and interpret difficult problems or situations and/or establishing new strategic direction that is site or multi-site specific.
  • May represent the organization in public speaking venues and/or community events.
  • Preparation and review of consolidated financial statements for external reporting and internal reporting purposes.
  • Provides external supplemental information for the Board of Directors, analysts, bank covenants and financial press release.
  • Manages the external audit process.

 

The Commercial Finance Business Partner aspect of the role will be directly responsible for supporting the GCBU VPs in managing commercial aspects of their respective markets.  Key responsibilities of this role will include support of the markets from an account perspective as it relates to: 

  • Customer account profitability - Review monthly customer accounts, investigate/understand of variances and prepare timely consolidated commentary to explain key variances against budget and forecast to management through the L3 reporting tool.
  • Customer claims negotiation
  • Supports M&A activity
  • Opportunity Qualification - Business partner with commercial teams to provide pro-active, value-added financial support in the qualification of opportunities, reviewing the costs, benefits and risks of proceeding with the opportunity, and supporting the team with coming up with a winning sales strategy to enable deal and product profitability.
  • Pricing & deal approval - Responsible for the deal profitability analysis for sales opportunities to ensure alignment with corporate policies and procedures, including risk assessment, margin analysis, pricing analysis and market benchmarking in co-operation with market intelligence and commercial performance management. Throughout the sales process, the commercial manager will own the commercial solution and deal P&L and ensure it’s aligned with the budget, business plan and forecast, as applicable.
  • Support the commercial sales team in negotiation of the deal with the customer. Responsible for the deal profitability in coordination with Finance & Product; responsible for ensuring the deal is in line with all business guidelines.
  • The Commercial Finance Business Partner will be responsible for obtaining all the necessary approvals per the corporate policies, where applicable this includes preparation of the deal approval pack and presentation of the deal to the senior management teams and sales and pricing committees.
  • Responsible for ensuring on time drafting of customer contracts and ensure key commercial terms and principles are reflected in the customer agreements in cooperation with the legal department; balancing the opportunity with adequate protection for CLS at all times. Ensuring pipeline data integrity, as input to the sales forecasting in cooperation with the CFTs and other key stakeholders.
  • Driving the Strategic Planning process and support of the AOP process
  • Supporting the implementation and delivery of the Sales and OMVA forecast at the customer/site level. This will include working with Sales on the delivery of the inputs to the revenue model and completion of the forecast in coordination with all key stakeholders.  Including the assessment of risk and opportunities to the total outlook of the segment.
  • Apply revenue recognition policies, provide timely input to Finance on revenue and cost of sales related accruals and assure prudent inputs to forecasts, budgets and business plans.
  • Works closely with the Credit & Collections team and other key stakeholders to monitor and manage credit risk, receivables and adequate financial security for commercial opportunities.
  • Support/co-lead the detailed reviews of all aspects of the segment annual budgets and quarterly forecasts for P&L,
  • Lead the preparation of and review 5-year segment financial plans, helping to develop strategies for Segment and profit growth
  • Communicate market drivers and assess impacts of such drivers to the segment.

 

Knowledge/Skills/Competencies:               

  • Extensive knowledge of all aspect of finance.
  • Proven ability to lead, motivate and recognize dynamic finance organization.
  • Knowledge and understanding of the business unit and how decisions impact customer satisfaction, product quality, on-time delivery and the profitability of the unit.
  • Strategic planner, with superior business acumen, interpersonal and communication skills.
  • Strong management skills. Ability to establish strategy, goals, objectives and obtain buy-in to meet or exceed customer needs and satisfaction.
  • Demonstrated track record building and leading high performing organizations.
  • In-depth knowledge of business and financial infrastructure systems Excellent analytical, negotiation, problem resolution and presentation skills.
  • Ability to evaluate, prioritize and problem solve a variety of tasks to ensure their timely and accurate completion.
  • Ability to effectively communicate with a wide variety of internal and external customers.
  • Ability to effectively lead, manage, train and motivate a diverse group of employees to achieve high performance levels within tight time deadlines in a highly dynamic manufacturing environment.

 

Critical leadership capabilities

 

Driving Results

  • Able to identify and articulate the Finance group’s long-term objectives and a path to achieve them.
  • Shows strong passion or strong sense of urgency about reaching targets.
  • Reviews performance and progress on a regular basis to ensure team is achieving results.
  • Works with operations management to develop and implement corrective action to fix missed performance goals.
  • He/she will be confident, comfortable and competent with decision-making and will have a bias for action (“getting-it-done”), and a thirst for new, innovative financial ideas and initiatives. 

 

Collaborating and Influencing  

  • Chemistry and fit within a fast-paced entrepreneurial milieu is critical for this Finance executive.  The cultural environment can be described as forthright and frank, direct, lean, collegial and open, with a bias toward decisiveness. 
  • Confidence and executive presence.
  • Ability to attract and motivate highly professional staff. 

 

Experience:       

  • Twelve plus years of applicable experience, including experience in the leadership of a major finance organization.

               

Education:          

  • Bachelor’s degree, or consideration of an equivalent combination of education and experience.
  • Accounting background with a CA/CPA/CMA designation.

 

At Celestica, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. Accommodations are available on request for candidates throughout the hiring process. If you require an accommodation, we will work with you to meet your needs.

 

COMPANY OVERVIEW:
Celestica (NYSE, TSX: CLS) is a US$6 billion global leader in the delivery of end-to-end product lifecycle solutions. Our customers trust us to deliver the most advanced design, engineering and manufacturing expertise for their highly sophisticated and complex products. From advanced medical devices, to highly engineered aviation systems, to next-generation hardware solutions for the Cloud, at Celestica we manage the complexity for our customers and set the bar for quality and reliability in their markets. Our customer portfolio includes leaders in the enterprise computing, communications, aerospace and defense, industrial, smart energy, healthtech and semiconductor markets. Headquartered in Toronto, our global network spans 13 countries with 27,000 employees throughout the Americas, Europe and Asia.


Job Segment: Financial, Bank, Banking, Engineer, Drafting, Finance, Engineering