Sr. Director Of Financial Services

Mcquay International Plymouth , MN 55447

Posted 2 months ago

Job Description:

The Sr. Director, Financial Services is responsible for providing leadership and management of Daikin Applied's Financial Services function including overseeing the operation of current financial services which is comprised of accounts payable, billing and tax, credit and collections and cash management. This role is also responsible for elevating the financial services function, developing, building and driving the future-state.

Required Experience:

  • Bachelor's Degree in Accounting, Finance, Business Administration or closely related field required

  • 8- 10+ years of demonstrated success in a high volume financial services department

  • Proficient with various software and ERP systems

  • Thorough knowledge of state and province mechanic lien and bonding laws.

  • Ability to set standards, measure results and coach teams to high performance

  • Self-motivated, organized and effectively achieves team goals

  • Excellent team player who works well in a collaborative environment

  • Ability to work effectively with external partners as well as internal employees

  • Strong written and verbal communication skills

  • Ability to demonstrate independent, objective, open-minded thinking with strong attention to detail and sound judgment

  • An energetic and positive approach to problem-solving and troubleshooting issues

  • Strong knowledge of regulatory requirements relative to commercial transactions and internal controls

  • Advanced Excel skills and proficient in Microsoft Office Suite

Responsibilities:

Strategy & Leadership

  • Establishes the overall financial services strategy for A/R (Credit), A/P and Billing and Tax.

  • Builds out the financial service functionality and financial services team, including assessment and coaching of the current financial services team and developing and standardizing policies and processes

  • Lead technology initiatives and automation in partnership with IT as it relates to credit and collections, accounts payable and billing and sales and use tax

  • Provides vision, leadership, planning and project coordination for the design and development of cost-effective programs and services while concurrently facilitating efficient operations to support current and future business needs. Including iReceivables, A/P EDI, OCR technology, iSupplier, electronic billings and adjustments.

  • Fosters the culture of continuous improvement of services, seeking proactive approaches to solve business needs/problems, while also enhancing the understanding and acceptance of the financial services supportive capabilities

  • Partner with Treasury on cash management, banking relationships and working capital management

  • Partners with senior financial management to expand financial services capabilities as appropriate

Credit & Collections Operations

  • Oversee the entire credit and collection processes for Daikin Applied mitigating unreasonable risks associated with trade receivables and at the same time not hindering sales ensuring compliance with all credit policies

  • Partner with sales and operations teams to optimize relationships with sales offices and customers

  • Ensure accuracy in financial reporting by establishing procedures and controls for reconciling with auditors and accounting departments.

  • Ensure all cash applications to customer accounts is timely and accurate

Accounts Payable Operations

  • Ensure vendor payments and employee reimbursements are issued in a timely, efficient manner in accordance with internal and external policies and procedures

  • Partner with IT Finance team to optimize A/P processes within Oracle and Astea.

Billing and Sales Tax Operations

  • Ensure invoicing and adjustments to customers is accurate and timely.

  • All sales tax charges are accurate and exemptions certificates are current and up to date

  • Partner with IT leveraging new A/P technology including EDI, OCR and vendor portals

Daikin Applied is interested in every qualified candidate who is eligible to work in the United States. However, we are not able to sponsor employment based visas.

Equal Opportunity Employment: It is the policy of Daikin Applied to provide equal employment opportunity (EEO) to all persons regardless of race, creed, color, religion, gender, gender identification, sexual orientation, age, national origin, disability, protected veteran status, genetic information, marital status, membership or activity in a local commission, or any other characteristic protected by federal, state or local law.

About Daikin Applied

Daikin Applied is a member of the world's largest HVAC manufacturer, Daikin Industries. Daikin Applied designs and manufactures technologically advanced commercial HVAC systems for customers around the world. Customers turn to Daikin with confidence that they will experience outstanding performance, reliability and energy efficiency.

Led by the principles of people-centered management, Daikin employees have unlimited potential to influence the business. For years, we've redefined HVAC technology, innovating and pushing to never settle. Together with our customers, we're delivering the solutions to reach new heights of success.

Daikin Applied, formerly Daikin McQuay, was started in 1924 and has an extensive history of developing new, industry-leading innovations and technology. Our award-winning Rebel rooftop units, Magnitude magnetic bearing chillers, Pathfinder air-cooled chillers and Intelligent Equipment set new standards for efficiency and value for building owners. Also, our extensive water source heat pump and applied technologies, aftermarket service, and parts operations provide support to keep our customers' operations running smoothly. Daikin Applied equipment, solutions and services are sold through a global network of dedicated sales, service, and parts offices.

Daikin Industries, Ltd. is a Fortune 1000 company with more than 67,000 employees worldwide and revenues in excess of $17 billion in 2016 with nearly 30% of that coming from the U.S. In the Americas we have a strong position in the global portfolio, and the credibility and confidence of Daikin Industries' leaders who are fueling our future with investment.

Daikin Specialties:

HVAC equipment, Internet of Things (IoT) for HVAC, energy management, aftermarket service support and replacement parts, and turnkey solutions.


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Sr. Director Of Financial Services

Mcquay International