Job Description Summary

The Distribution Transformers CFO will serve as the strategic finance partner to the DTR Leader, reporting directly to the Global Power Transmission CFO. The business combines Prolec Distribution Transformers (Grid Distribution) and Industrial Transformers & Renewables (Power Distribution). This leader will drive profitable growth, margin expansion and cash generation while supporting manufacturing performance, capacity expansion and disciplined capital allocation.

As a member of the DTR leadership team, the CFO will translate business strategy into financial and operational plans across utility, industrial and renewable energy applications. The role will align financial planning, reporting and controls across the combined businesses, strengthen product and customer profitability, and support integration and synergy delivery. This leader will develop the finance organization and advance standardization, automation and analytical capabilities.

Job Description

Key Responsibilities:

• Partner with the DTR Leader to shape and execute business strategy, aligning market opportunities, portfolio priorities, manufacturing capacity and investment decisions with financial commitments.
• Lead financial performance across DTR, with accountability for the P&L, balance sheet and free cash flow, ensuring clear ownership across businesses and operating sites.
• Align financial planning, reporting, controls and performance measures across Grid Distribution and Power Distribution, supporting integration into the Power Transmission operating framework.
• Lead long term planning, annual budgeting and forecasting, connecting demand, order intake, backlog conversion, product mix, capacity and resource requirements to financial outcomes.
• Drive operating reviews that identify performance gaps, assess risks and opportunities, and establish corrective actions with measurable outcomes.
• Develop profitability insights by product, customer, application and site, identifying opportunities to improve pricing, mix, cost competitiveness and portfolio returns.
• Partner with Commercial teams on pricing, customer agreements and tender evaluation, ensuring disciplined costing, margin protection and appropriate payment and escalation terms.
• Assess the financial implications of customer volume commitments, demand variability and delivery requirements, supporting decisions on capacity allocation and commercial commitments.
• Partner with Operations on sales and operations planning, translating production volumes, factory loading, labor utilization, throughput and delivery performance into financial insights and actions.
• Drive cost competitiveness with Operations, Engineering and Sourcing through material productivity, design standardization, yield improvement, labor efficiency, overhead discipline and Lean initiatives.
• Strengthen product costing and inventory valuation, ensuring reliable standards, transparent manufacturing variances and timely identification of cost and margin pressures.
• Monitor exposure to key material costs, including electrical steel, copper and aluminum, partnering with Sourcing and Commercial teams to align purchasing assumptions, pricing mechanisms and contractual protections.
• Lead working capital improvement through inventory optimization, work in progress management, timely billing, collections and supplier payment terms.
• Evaluate capital expenditure and capacity expansion programs, ensuring sound business cases, alignment with demand scenarios, execution discipline and delivery of expected returns.
• Support integration, footprint and operational improvement initiatives, validating synergies, implementation costs and their incorporation into business plans.
• Ensure accurate financial reporting, balance sheet integrity and compliance with accounting policies, internal controls and delegated authorities, in partnership with Controllership.
• Simplify and standardize finance processes across the combined businesses, improving data consistency and expanding automation and analytics to strengthen decision support and finance productivity.
• Build and develop the DTR finance team, clarifying responsibilities, strengthening business partnership and developing talent and succession plans across sites.

Required Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics or a related discipline, with a minimum of 10 years of progressive finance experience, including demonstrated success in senior finance leadership roles.
• Minimum of 8 years of experience in finance within a manufacturing business, including experience across multiple sites or product portfolios, with responsibility for P&L performance, balance sheet management and cash generation.
• Minimum of 8 years of operational finance experience, including product costing, manufacturing variances, labor productivity, inventory management, capacity planning and capital investment.
• Demonstrated commercial finance experience, including pricing, customer profitability, contract evaluation and management of material cost exposure.
• Demonstrated understanding of the financial dynamics of both volume manufacturing and products configured to customer requirements, including the impact of product complexity, production mix and factory loading.
• Demonstrated experience translating business strategy into actionable financial plans and partnering with operating teams to deliver improvements in margins, productivity and cash.
• Experience evaluating capacity investments under different demand scenarios and monitoring delivery of expected operational and financial returns.
• Experience integrating businesses or aligning finance processes, systems and controls across different organizations.
• Experience driving standardization, automation and process improvement while maintaining strong financial controls.

Desired Characteristics:

• Strong analytical judgment and communication skills, with the ability to explain performance drivers and turn complex information into clear recommendations.
• Ability to lead teams and influence decisions across functions and sites, combining constructive challenge with effective business partnership.
• A track record of developing talent, building collaborative teams and maintaining high standards of integrity and accountability.
• A professional accounting qualification or advanced degree, experience in transformers or related electrical equipment, and familiarity with utility, industrial or renewable energy markets would be advantageous.

For candidates applying to a U.S. based position, the pay range for this position is between $202,400 and $303,600 USD. The specific pay offered may be influenced by a variety of factors, including the candidate’s experience, education, and skill set.

Additional Information

#LI-Remote - This is a remote position

Application Deadline: