IMI plc

We are a global specialist engineering company that creates breakthrough solutions. We are curious and like to solve problems, partnering with our customers to solve the demands of today and prepare for the challenges of tomorrow. We embrace innovation and care about outcomes that are good for business, everyday life and making a better world – creating lasting impact for everyone.

We design, build and service highly engineered products in fluid and motion control applications. We focus on five market sectors: Industrial Automation, Process Automation, Climate Control, Life Science, and Transport.

Our partnership approach breaks through problems and reduces complexity. We don’t invent in isolation – we collaborate with our customers. We listen closely and we think differently, creating space for diverse minds to innovate. We are working together to make businesses safer, more sustainable and more productive.

Role Overview:

Based in Lake Forest and reporting to the Site FD, the role has responsibility for controllership, process development, financial reporting and audit of the CCI SoCal site. CCI SoCal is a $200m business, manufacturing and supplying critical valves and components to global customers. 

Work Environment: Hybrid - Lake Forest, CA 

Supervisory Responsibility

·     Direct responsibility for a team of 8 finance professionals and temporary staff, focused on Accounts Payable, Accounts Receivable. Inventory, Payroll, and Financial Controls.

·     Indirect responsibility for a team of up to 10 staff supporting the site, based from a shared services facility in Bangalore, India. The team is focused on transaction processing, intercompany.

Key Responsibilities:

• Timely and accurate reporting of financial performance for the business
• Develop and implement critical, standardized performance measures to improve the financial performance of the site
• Lead Operations forecasting processes for shipments, expenses, inventory & CapEx
• Support the project management process, ensuring that project Management has up to date project costs and a comprehensive forecast of costs to complete on all projects 
• Partner with Operations leaders to implement Working Capital efficiency improvement programs
• Analyze, manage, and optimize cash flow and performance
• Responsibility for preparing audited financial information for statutory and group consolidation accounting purposes
• Develop and oversee accounting policies and procedures to ensure compliance with relevant accounting standards, including revenue recognition in accordance with INCOTERMS
• Prepare capital expenditure business cases for long term asset investments, including calculation of rates of return on investment and payback periods
• Manage taxation activity of the site with the support of Group tax professionals
• Management of US payroll and associated tax and benefits
• Manage collections teams to ensure past due accounts are minimized
• Understand and analyze site manufacturing costs and manufacturing staff utilization
• Implement a high standard of financial controls 
• Act as a trusted business partner to the regional Leadership Team
• Operate in an open manner and ensure ongoing development and training of staff
• Promote a culture of opportunity, achievement, responsibility and personal development within the team

Critical Competencies for Success:

• Experience in project- based, highly engineered custom product manufacturing businesses a must (i.e., sales process tied to new construction builds, product upgrades tied to plant outages)
• Extensive knowledge of GAAP and IFRS
• 10-15 years’ experience in financial management and team leadership roles. Experience within large multi-national, industrial/manufacturing business is an advantage
• Experience in cost accounting and implementing a strong financial control environment
• Bachelor in Management, Business or Finance; MBA or CPA
• Six Sigma or process excellence background is a plus

Core Competencies:

Continuous Improvement: 

Continuous improvement, in regard to organizational quality and performance, focuses on improving customer satisfaction through continuous and incremental improvements to processes, including by removing unnecessary activities and variations.

Customer Focus:

Is dedicated to meeting the expectations and requirements of internal and external customers; gets first-hand customer information and uses it for improvements in products and services; acts with customers in mind; establishes and maintains effective relationships with customers and gains their trust and respect.

Drive For Results:

Can be counted on to exceed goals successfully; is constantly and consistently one of the top performers; very bottom-line oriented; steadfastly pushes self and others for results.

Process Management:

Good at figuring out the processes necessary to get things done; knows how to organize people and activities; understands how to separate and combine tasks into efficient workflow; knows what to measure and how to measure it; can see opportunities for synergy and integration where others can’t; can simplify complex processes; gets more out of fewer resources.

Pay range: $150,000 - 180,000 

Within this range, individual pay is determined based on skills, experience, and qualifications relative to the job requirements. Base pay information is aligned with market location and may be subject to prevailing wage laws, if applicable.

Bonus eligibility: This position is also eligible for a variable incentive pay component, separate from base salary.

What IMI Can Offer You

At IMI, one of our top priorities is to create an inclusive culture of health. We strive to remove barriers to care (whether that be physical or financial) and in doing so, we offer choice for all your health and wellbeing needs. 

See below for a general overview of our amazing perks and benefits:

• Multiple health plans to choose from: HMO, PPO, and High Deductible Health Plans with a low-cost share
• Best-in-class 401K plan with zero vesting and up to 6% contribution matching
• 14-week maternity leave at full pay (Adoption benefits are equivalent)
• 4-week paternity leave at full pay (Adoption benefits are equivalent)
• Employee Resource Groups that offer community and support, like our Pride Network and Network of Women groups 
• PTO, encompassing inclusive holidays 
• Career Development opportunities (IMI’s ‘Catalyst’ Program)
• Employer contribution for Health Savings Account, and in many cases free virtual telemedicine, and teletherapy.
• Mental Health and wellness programs to support you and your family
• Full suite of voluntary benefits to tap into, including but not limited to: Critical illness insurance, hospital indemnity, legal insurance, identity theft protection, and pet insurance or home & auto insurance through our discount advantage platform
• Short & long-term disability as well as basic life insurance at 2x your basic salary at no cost to the employee
• Free financial advisors, webinars, and classes through Charles Schwab
• Annual Employee Stock Purchase Plan with option to purchase IMI shares at a reduced employee only price - no opportunity to lose, only to profit or refund your investment 100%

**Benefits plans change year over year, but we have guiding principles in place to ensure our employees have the tools and resources available to stay connected and up to date**

Health & Safety

The physical demands described within the Key Duties & Responsibilities section of this job description are required to perform the essential functions of this position.  Reasonable accommodations may be made for individuals with disabilities.  Please contact your local HR representative to discuss the specific Work Conditions and Physical Requirements of this role.  

Health, Safety, and Environmental Duties – At IMI we are all personally committed to protecting our people, minimizing our impact to the environment, the communities we operate in and our company. All members of our workforce have the duty to ensure the health, safety and welfare of themselves, others, and the environment. Every employee is expected to follow all HSE operating procedures, also to challenge any observed behaviors or unsafe acts.

Code of Ethics

IMI requires the highest standard of ethics in all business dealings, particularly with customers, suppliers, advisors, employees, and the authorities. In accordance with the IMI Way: Our Code of Responsible Business.

Changes to This Job Description

IMI may amend this job description in whole or part at any time.

IMI is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, or veteran status.

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