Director of Finance, FP&A - R&D and Operations at Cognex Corporation

Cognex is the largest, most successful and recognized global player in industrial machine vision! We are a financially strong, international company with no debt and have been in business for over 40 years. Using advanced optics, image sensors and artificial intelligence software Cognex vision and ID systems capture an image then analyze it to make sense of what’s being seen. We are deeply committed to fostering an inclusive and equitable work environment, guided by our "Work Hard, Play Hard, Move Fast" culture, which celebrates employee innovation, determination, and dedication in a dynamic, fun, and distinctive atmosphere.

We are working on a hybrid schedule, 3 days in the office (Natick HQ), and 2 at home.

The Team:

The Finance team has strong business partnerships and influence throughout the company. We drive financially informed decisions in support of the company’s strategic objectives. We are investing in advanced analytics capabilities to enhance our data-driven approach to problem-solving. We are focused on process improvement to provide the most efficient operational and transactional support for our customers, vendors, and employees. The Finance leadership team has a proven track record of talent development. We invest in our team members and partner with them on their career development by offering a wide range of opportunities, including mentorships, special project assignments, training programs, and executive exposure.

The Role:

The Finance Director, R&D and Operations, will be responsible for driving cost efficiencies across the organization with a specific focus on product cost and external spending. This role partners with the Products and Platforms (R&D functions) and Operations leadership, to oversee the financial management and performance of these functions, with a particular focus on driving product cost efficiency and ensuring the financial health of R&D projects. The ideal candidate will have extensive experience in productivity management within a manufacturing environment, strong leadership skills, and a global perspective.

Essential Functions:

• Productivity Initiatives: Govern framework for cost efficiency and working capital initiatives and drive execution across the organization, particularly product costs during the R&D process and in the supply chain. Own cost savings from indirect procurement.
• Financial Strategy: Develop and implement financial strategies to support the company’s global R&D and supply chain operations. Evaluate the financial viability of R&D projects, providing recommendations for investment and resource allocation.
• Budgeting & Forecasting: Lead the budgeting and forecasting process for the related functions, own product cost planning and provide insights into cost drivers while ensuring alignment with corporate financial goals.
• Financial Reporting: Prepare and present financial reports to senior management, providing insights into the contribution to net income and cash-flow generated by productivity initiatives and of the financial performance of R&D projects.
• Operational Support: Collaborate with functional leaders to support operational excellence and drive continuous improvement initiatives.
• Risk Management: Identify and mitigate financial risks associated with global supply chain operations and related to innovation.
• Team Leadership: Lead and develop a high-performing finance team, fostering a culture of excellence and continuous improvement.

Knowledge, Skills, and Abilities:

• Exceptional Business Acumen and Strategic Commercial Insight: Demonstrates a deep understanding of market dynamics and business strategies to drive financial performance.
• Advanced Executive Presentation and Stakeholder Engagement: Skilled in delivering compelling presentations and effectively interacting with senior executives.
• Expert Financial Modeling and Analytical Proficiency: Capable of developing sophisticated financial models and conducting thorough analyses to support strategic decision-making.
• Meticulous Attention to Detail for Consistent, High-Quality Outcomes: Ensures accuracy and precision in financial reporting and analysis, maintaining the highest standards of quality.
• Superior Planning and Organizational Expertise to Meet Deadlines: Excels in managing multiple priorities and projects, ensuring timely and efficient completion of tasks.
• Sound Judgment and Decision-Making Ability: Exercises strong judgment in evaluating financial scenarios and making informed, strategic decisions.
• Proven Initiative in Driving Process Improvements: Demonstrates a proactive approach to identifying and implementing process enhancements that optimize efficiency and effectiveness.
• Resilience Under Pressure in Dynamic Environments: Thrives in fast-paced settings, maintaining composure and delivering high-quality results under tight deadlines.
• Collaborative Cross-Functional Team Leadership: Effectively leads and works within cross-functional teams, fostering collaboration and achieving shared goals.
• Confident in Articulating Diverse Perspectives: Comfortable and skilled in presenting alternative viewpoints, contributing to well-rounded decision-making processes.
• Track Record of Building Positive Team Culture and Talent Development: Successfully cultivates a positive team environment and is dedicated to mentoring and developing team members to reach their full potential. Excels in both leading and contributing within a team environment.

Minimum education and work experience required:

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field. An MBA or relevant advanced degree is preferred.
• Minimum of 10 years of experience in finance, with a strong background in productivity management within a global manufacturing environment.
• At least 5 years of experience leading a team.
• Comprehensive experience with all aspects of cost accounting, from NPI to commercialization, in a high-growth technology company.
• Proven experience working with Operations teams on annual budgets and forecasting.
• Experience managing the financial performance of R&D projects is advantageous.
• Demonstrated success in cost optimization through indirect procurement, ensuring alignment across various cost centers to promote collaboration and efficient procurement strategies.
• Proven business acumen and strategic insight into enterprise value creation. High energy levels and a track record of success in maturing FP&A organizations.
• Strong executive presence and a proven track record of being a trusted advisor to senior leadership.