Director of Finance - Manufacturing & Technology

31 May 2018
28 Jun 2018
Contract Type
Full Time
Aggreko plc is the leading, global provider of modular, mobile power and adjacent product solutions. Aggreko operates in around 100 countries through 200 sales and service centres and employs around 6,000 people. This allows Aggreko to respond to customers' needs as they arise, anywhere in the world and to deploy its equipment with speed. Its equipment is responsive, mobile, and modular, delivering on time, on budget and to spec. Aggreko is a constituent of the FTSE 250, with a market capitalisation of GBP1.9bn (May 2018). Revenue for the year to the end of December 2017 was GBP1.7bn and profit before tax was GBP195m. Aggreko's Big Boxes make a massive difference to people, businesses and communities around the world by delivering power and temperature control where and when customers need it. The Group has two primary business units: o The Rental Solutions business operates in developed markets. It rents power and temperature control equipment to customers who operate it for themselves and also provides complex solutions tailored to meet specific customer needs. o The Power Solutions business operates in emerging markets as a power producer. It installs and operates modular, mobile power plants for both utility and industrial customers and it charges for providing generating capacity, as well as for the electricity delivered. Within Power Solutions, the Utility business helps countries solve their power shortages, while the Industrial business is the market leader in oil and gas, petrochemical and refining, and mining. Aggreko designs and manufactures equipment specifically to meet customer requirements in its facility in Dumbarton, Scotland. Aggreko provides solutions that range from the very large and complex to the very simple. Aggreko's products are transferrable. A generator used today in a petrochemical plant may be used on a film set tomorrow and a building site the following day. Head of Finance Manufacturing, Finance Manager Engineering, Financial Analysis Manager Technology, Finance Mgr Global Procurement, Finance Mgr Global Service, This role is responsible for product management (new product & technology appraisal), engineering, procurement, manufacturing, service engineering and the digitalisation programme for the company. The role is responsible for managing and contributing to the manufacturing P&L, as well as maintaining financial controls, planning & analysis for product & technology investment, procurement (specifically deflation), service cost efficiency and the digital investment programme and associated productivity measures. To lead the finance team and to effectively/efficiently manage all aspects of the Manufacturing & Technology (M&T) finance function in accordance with Aggreko Group Finance guidelines, policies and processes., * Responsible for all aspects of the financial performance of the division, business partner to the Divisional MD and the Divisional Board and management and development of direct team of 14. Annual revenue for the manufacturing P&L is typically around GBP130m, spend on R&D is GBP23m and there are over 250 people employed. * Finance Director on the Group Operating Council which comprises the MD for M&T and Group's 3 Operations Directors. Responsible for setting goals to improve operational and financial performance and for driving efficiencies including reduction in working capital and reduction in cost. * Ability to influence and provide insight to senior Group and Regional Executive members including playing a lead role in the Monthly Business Reviews at a Regional and Group level with the Group CEO / CFO. * Lead innovative team responsible for financial analysis to assess investment in new technology, new product roll-out and product costing heavily influencing the future strategy of the Group. * Member of the Group's Senior Leadership Team and Finance Leadership Team Technology * "Technology" is one of the three key pillars of the Aggreko strategy and this role plays a key part in the review and appraisal of all new technology investment decisions of the Group. * A key part of the role is playing a lead in the Product Control Board, a body consisting of Finance, Engineering, Operations, Manufacturing, Sales & Marketing & Procurement leaders from across the Group who assess the technology roadmap and make decisions on the future products for Aggreko. * Support the establishment and negotiation of development agreements with key suppliers. * Lead team responsible for the tracking of performance against budget for each project and appropriate accounting for R&D and the review of the external market for the availability of R&D tax credits and government grants. Service engineering The company has a large cost for planned and unplanned maintenance from fleet operations. This role is responsible for installing and executing on a Group-wide service cost tracking and savings program as well as financial planning, controlling and auditing around it. Procurement The company has an external spend of more than GBP1bn. Driving effective supplier deflation programs and tracking the execution and auditing savings for productivity programs. Manufacturing * Review of manufacturing strategy and tracking of performance against financial and operational KPIs. * Benchmarking of product costs versus alternative suppliers and drive actions to reduce cost and improve performance. * Effectively manage working capital to ensure the most efficient use of capital employed. * Manage and control overheads and headcount costs. Other Responsibilities * Recruitment, retention and continual development of high quality finance team. * Conduct induction, performance appraisal, development and training of direct reports. * Commitment to and involvement in Aggreko Operational Excellence. * Actively committed and accountable for compliance to the Aggreko Health, Safety & Environmental policies, operating procedures and compliance to local legislation including external and internal audits. Indicative performance measures / Key interdependencies: ?? Effectively and efficiently manage all aspects of the M&T finance function ?? Compilation of annual budgets and strategic plans ?? Ensure timely and accurate financial reporting meeting group policies and guidelines ?? Degree level or equivalent ?? Chartered Accountant with a proven track record in managing finance functions, P&Ls and the annual financial reporting cycle. Professional skills/experience ?? Proven experience in a similar role. ?? Experience in a multinational environment ?? Strong accounting fundamentals Personal skills/experience ?? Safety: Embraces and promotes a safety culture; recognizes and acts to correct unsafe operating procedures. ?? Effectiveness: Income, cost, resource utilization ?? Quality: Reliable, team player, high standards ?? Curiosity for information ?? Impact: Sustained performance through effective use of time and resource ?? Change orientation - identifying the need for improvement and change ?? Drive for results - a strong desire to compete against standards of excellence and achieve "step changes" in business results ?? Holding people accountable - clear and unambiguous direction to individuals and teams about what they need to do to meet Aggreko's objectives ?? Building capability - a strong desire to work to develop individuals and groups in order to increase the capability of Aggreko ?? Compelling communication - to recognize that clear communication is the key to understand. ?? Leading others - the ability to create a compelling vision of the future and to provide inspiration, clarity and direction ?? Customer insight - the ability to understand the markets that customers operate in which helps in giving Aggreko a competitive advantage ?? Willingness to travel and work closely with senior managers in developing financial awareness across non-financial team ?? High level of commitment and loyalty ?? Quality-oriented with attention to details and capable of working to deadlines What role is the successful candidate likely to be carrying out at present? Director of Finance, Financial Controller, Head of Finance

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