The Vice President, Business Unit Manager will have P&L responsibility including financial, strategy, production operations, engineering, sales & marketing and IT for a business unit. The leader will have the responsibility for planning, directing, coordinating and controlling the activities of the organization to obtain optimal efficiency and economy of operation to achieve profitability of the business unit.
This position reports directly to the Advanced Motion Solutions SVP/General Manager.
Achieve revenue, profit and other financial targets set for the business:
Own the complete P&L for the business – manage the revenue and cost side of the income statement
Bridge the gaps between functional teams - sales, marketing, service, operations, supply chain management, finance, HR, IT
Double sales within the business cycle through both acquisition and organic growth
Drive operating profit to targeted levels, as agreed in strategic plan
Ensure plans and forecasts are met or exceeded consistently
Aggressively drive working capital, cash flow and other key metrics
Drive Strategy development, Market Expansion and Key Relationships Globally:
Develop and execute the 3-5 year business strategy
Expand in core markets to ensure organic growth plans are achieved
Leverage Value Analysis/Value Engineering to create more value from existing products and accelerate growth
Ensure product development roadmap is robust and products are delivered in a timely fashion to meet market demands
“Dollarize” products to ensure Company and customers get full value for their investment
Manage highest level customer relationships with key customers
Expand geographically to capitalize on global growth opportunities
Execute Acquisition Strategy:
Develop the acquisition strategy for the business unit
Identify potential acquisition targets, working closely with Divisional Leadership and Corporate Group Development team – Target identification, build model, due diligence, integration plans
Lead integration of acquired business into Company
Drive team to achieve synergies identified in each deal
Drive Operational Excellence:
Leverage own expertise to ensure thorough solutions to solve operational issues
Bring rigor and focus to operational improvements – ensure strong financial & discipline across business
Drive productivity gains and cost improvements to achieve operating profit target
Leverage global capabilities to decrease production and supply management costs
Maximize material flow and inventory turns to drive down working capital
Offset incremental investments with cost reductions in existing business
Lead implementation of six sigma and LEAN
Leverage Value Analysis to drive cost reductions and complement company initiatives
Develop the Organization Capabilities to Succeed in Short and Long-Term:
Identify talent requirements to grow & operate business
Hire “A Players” who will drive higher levels of effectiveness
Develop managers & employees to increase productivity to ensure retention
Judiciously add resources to capitalize on growth opportunities
Operate a lean organization of highly skilled contributors
Drive change in the organization successfully
Requirements for Consideration
Special Knowledge, Skills and Abilities:
P&L responsibility for a highly technical business
Expert knowledge of financial analysis and reporting
Proficiency in developing and implementing tactical and strategic plans
Proficiency in Supply Chain Management
Demonstrated track record of driving strong employee engagement
Strong technical problem solving and advanced management skills
Working understanding of Lean Six Sigma processes
Customer oriented
Formal Education Requirement: BS Degree in Engineering
8-10 years of P&L experience managing an international/global company
Additional Characteristics:
Strong leadership skills and strong team development capabilities. Must be able to show a record of accomplishment of continuous improvement in operational performance from prior position assignments
Driven for results – Strong track record of success, increase productivity, get it done attitude, solid communication skills and a sense of urgency
Financial Acumen – P&L entirety, understands how to make money, margins, cost improvements, controls
Technical Orientation – Work with Engineering, understands customer, products and markets
Growth mindset – M&A efforts, invests product/market to meet profit goals
Competitive nature with a collaborative team-oriented personality
Talent management – Demonstrated expertise in designing and implementing staffing strategies and employee/leadership development programs
Global Citizen:
Has a global orientation toward business, effectively interacting across the network of international locations
Coordinates international efforts/processes/reporting
Productively manages people from different cultures and backgrounds
Uses resources from different time zones to achieve productivity gains
Executive Impact – Holds well under fire, has stature maturity, provides clarity
Strategic Focus – Manages strategically from rapid changing altitude
Travel of up to 25% or more required
Career Experience:
Held roles in multiple functions (at least 3 years)
Experience dealing directly with customers
Exposure to global organization and business