Business Segment Controller

AMETEK, Inc. is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annual sales over $7.0 billion. AMETEK is committed to making a safer, sustainable, and more productive world a reality. We use differentiated technology solutions to solve our customers’ most complex challenges. We employ 21,000 colleagues, in 35 countries, that are grounded by our core values: Ethics and Integrity, Respect for the Individual, Diversity, Teamwork, and Social Responsibility. AMETEK (NYSE:AME) is a component of the S&P 500. Visit www.ametek.com for more information. Job description: Position Description: The Business Segment Controller, ARI drives improvement with profit performance, balance sheet strength, working capital and cash management through close collaboration with the leadership team and partnering with the local Engineering, Operations and Commercial teams. The role drives, manages and reports upon key business performance areas and indicators, manages local financial issues and provides insightful analysis of financial data to support management's decision-making processes business objective achievement. This role supports all business decision-making, develops and standardizes both the financial operating processes and business control environment, whilst ensuring strong adherence to US Generally Accepted Accounting Principles (GAAP). Reporting to both the DVP Finance/ BU Controller, CTS and the DVP Business Manager ARI, this role will contribute to the overall financial stability and success of the organization through careful collaboration with the local Commercial, Operational, Engineering and HR leadership team whilst managing the Senior Cost Accountant, Senior Financial Accountant and IT Technician. Key Responsibilities: · Financial Reporting: Collaborating with both the Head of Financial Reporting, the Senior Financial Accountant and the local leadership team, support compliance with US GAAP standards. Assist and support in the preparation of monthly, quarterly and annual financial reports ensuring accuracy and compliance. · Cost Analysis & Risk Assessment: Partnering with the Commercial, Engineering and Operations leadership team to drive careful margin analysis on contract bids and tenders ensuring strong contractual management of all P&L, Balance Sheet and cash management aspects/ risk. Conduct cost analysis for manufacturing and commercial activities, identifying areas for improvement and cost-saving opportunities. · Budgeting and Forecasting: Prepare and monitor the operational budgets and forecasts for all aspects of the business. Provide accurate financial forecasts and support decision-making processes. Manage budgets and forecast future needs for capital expenditure, working capital and cash. · Variance Analysis: Analyze and explain variances between actual financial results and budgeted/forecasted figures. Identify trends, risks, and opportunities, and provide recommendations for corrective actions. · Internal Controls: Establish financial planning and budgeting procedures to ensure that the processes support the organization’s goals and objectives. Collaborate cross-functionally to optimize cost structure, enhance profitability and drive strong business process control as we execute contracts with our customers and suppliers. Support the implementation and maintenance of robust internal control procedures to ensure compliance with company policy and procedures and regulatory requirements and disclosures including Sarbanes-Oxley and all aspects of tax. This will be achieved through collaboration with the Head of Financial Reporting and the local Senior Financial Accountant. · Financial Planning and Analysis: Assist in financial planning activities, including long-term strategic planning, investment analysis, and business case evaluations. Provide financial insights and recommendations to drive business growth and profitability. · Process Improvement: Continuously identify opportunities to streamline financial processes, enhance efficiency and improve data accuracy. Collaborate with cross-functional teams to implement best practices and drive continuous improvement initiatives. · Manage local Finance relationships with the business and manage the local team: Oversee all operational business activities from a Finance perspective including customer relationships to support cash collection, inventory management, Demo management, Service inventory, revenue recognition, risk assessment and CapEx projects. Build close partnerships with the Senior Cost Accountant, the Senior Financial Accountant and the IT Technician locally and all the Finance support team including AR collection, AP processing and cash/ bank processing based in Serbia and/ or Switzerland. · Audits: Lead local Statutory and Internal audits and ensure support is coordinated across both the leadership and CTS Finance team. · IT: Lead local IT strategy and support covering all hardware, software and infrastructure aspects. Align approach with the Head of Controlling, FP&A & IT for CTS. · Full-time, senior management position with flexibility for off-hours work as required to support global operations. Less than 20% travel is expected for this position Position Requirements: Bachelor’s/ Masters degree in Finance, Accounting, Business Administration, or a related field is required. Certified Public Accountant (CPA) designation is strongly preferred. A minimum of 15 years of progressive experience in finance and accounting roles, with strong experience within manufacturing environments. Extensive experience in both cost and financial accounting, financial planning and analysis, and financial reporting within a manufacturing or industrial context. Preferred/Desired Requirements: Significant experience with SOX compliance, internal controls, and financial audits. Proven track record of leading financial projects and initiatives that result in measurable improvements to financial processes and performance. Experience in a multinational company or global manufacturing environment is highly desirable.