Finance Director

Overview

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 Fluid Control, 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

The Finance Director will be a key member of the executive leadership team, collaborating to set the strategic direction for the manufacturing site while leading financial initiatives to drive team performance and growth.

This role will ensure accurate cost management and support strategic business initiatives by providing detailed financial insights and recommendations.

Responsible for leading and managing the financial planning, analysis, and reporting activities of the site, the Finance Director will implement financial controls, mentor the finance team, and influence operational decisions to achieve optimal financial outcomes.

Work Environment: Palmer, MA. On-site.

Key Responsibilities

• Oversee the preparation and analysis of financial statements, budgets, and forecasts.
• Provide detailed financial analysis and reports to senior management to support strategic decision-making.
• Develop financial modeling to assess the impact of various scenarios on manufacturing costs.
• Develop models to forecast cash accurately
• Analyze cost structures and identify areas for cost reduction and efficiency improvements.
• Develop and implement robust costing methodologies (e.g., activity-based costing, standard costing) to improve accuracy and visibility of costs.
• Partner with production and supply chain teams to identify cost-saving opportunities and streamline processes.
• Drive working capital reduction in collaboration with commercial and supply chain teams
• Support operational decision-making through financial analysis and insights – in-particular work with the operations teams to develop key metrics and financial models as required
• Influence operational decisions by providing financial insights and recommendations to achieve better financial outcomes.
• Work closely with other departments to implement financial controls and changes, addressing any resistance and ensuring smooth adoption.
• Implement and monitor financial controls to ensure compliance with company policies and regulatory requirements.
• Identify and implement best practices in financial operations to enhance efficiency.
• Leverage financial software and ERP systems to automate processes and improve data accuracy.
• Mentor and develop the finance team, enhancing their skills in cost management and financial analysis.
  
  

Critical Competencies For Success

• Bachelor’s degree in Finance, Accounting, or a related field; MBA or CPA preferred.
• Expertise in cost management and familiarity with various costing methodologies (activity-based costing, standard costing, etc.).
• Demonstrated experience in mentoring and developing finance teams, with a track record of fostering talent and promoting a culture of continuous improvement.
• Excellent problem-solving skills, with the ability to analyze complex financial data and operational challenges specific to manufacturing.
• Proven experience as director of finance or similar role
• Ability to define and shape strategy for the short, medium and long term
• Trusted advisor to the executive team to provide financial expertise and support business planning by providing financial analysis and modelling.
  
  

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 following one year of service (Adoption benefits are equivalent)
• 4-week paternity leave at full pay following one year of service (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.