SPX Corporation

Dir, Finance (Elk Grove Village, Illinois (IL), US)

SPX Corporation$170K — $230K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Accounting, or related field; MBA and/or CPA/CMA strongly preferred.
  • 10+ years of progressive finance experience, with at least 5 in a senior leadership role in a technology or industrial setting.
  • Experience managing a P&L between $100m-$200m, particularly in project-based or SaaS-enabled businesses.
  • Strong understanding of GAAP and financial reporting standards, with experience in internal controls and regulatory compliance.
  • Demonstrated experience in mergers and acquisitions, including due diligence.
  • Proven ability to lead high-performing finance teams and enhance performance.
  • Advanced analytical skills and strategic thinking, with the ability to work in a fast-paced environment.

Responsibilities

  • Serve as the primary finance partner to the Genfare General Manager and leadership team, providing insights to shape strategy.
  • Develop and implement financial strategies that align with business growth and cash flow objectives.
  • Lead financial components of strategic initiatives around pricing, product launches, and service offerings.
  • Drive the annual operating plan and long-range financial forecasts, ensuring alignment with corporate expectations.
  • Ensure timely and detailed financial reporting, including analysis of P&L, balance sheets, and KPIs.
  • Maintain robust internal controls and compliance with financial regulations and standards.
  • Lead, mentor, and develop a versatile finance team, fostering a culture of collaboration and improvement.

Benefits

  • Health benefits and 401k retirement plan with company matching.
  • Flexible time off policy to support work-life balance.
  • Participation in a discretionary bonus plan, subject to plan rules.
  • Access to a variety of company-sponsored programs and resources.
  • Supportive work environment that encourages professional growth and development.
Full Job Description
Position Summary

The Director of Finance serves as the senior finance leader for Genfare business unit within SPX's Detection and Measurement segment and is responsible for overall financial performance, forecasting accuracy, internal controls, business contract oversite, and decision support for growth and profitability. This role partners closely with Genfare and segment leadership to translate financial insights into operating actions, capital allocation decisions, and long-range strategy, while ensuring compliance with SPX Technologies' financial policies and all applicable regulatory requirements. The Director of Finance leads the finance team across FP&A, accounting, and related functions, and acts as a key member of the Genfare leadership team.

Key Responsibilities

Strategic Leadership and Business Partnership
  • Serve as the primary finance business partner to the Genfare General Manager and Detection and Measurement leadership, providing data-driven insights and recommendations that shape strategy and execution.
  • Develop and implement financial strategies aligned with SPX Technologies' and Genfare's growth, margin, and cashflow objectives.
  • Lead financial aspects of strategic initiatives, including pricing, new product introductions, commercial models, and service offerings across hardware, software, and SaaS.
  • Support evaluation of M&A opportunities, partnerships, and other strategic investments, including due diligence, financial modeling, and integration planning.

Financial Planning, Budgeting, and Forecasting
  • Own the annual operating plan, long-range financial plan, and rolling forecasts for the Genfare business, ensuring alignment with segment and corporate expectations.
  • Drive a rigorous FP&A cadence, including revenue, margin, operating expense, and working capital forecasts, with clear variance analysis and action plans.
  • Establish and maintain standard financial models and scenario analyses to assess market, product, and operational plans (e.g., SaaS growth, implementation revenue, service revenue, and hardware sales).

Financial Reporting, Analysis, and KPIs
  • Ensure timely, accurate, and insightful monthly, quarterly, and annual financial reporting for Genfare, including P&L, balance sheet, cash flow, and key operational metrics.
  • Monitor and interpret key performance indicators for the business (e.g., revenue mix, SaaS ARR, gross margin, project margins, implementation and program management productivity, working capital, and cash conversion).
  • Provide clear narrative and analysis to segment and corporate leadership, highlighting trends, risks, and opportunities along with recommended actions.

Controls, Compliance, and Risk Management
  • Maintain robust internal controls, policies, and procedures consistent with SPX Technologies' standards and GAAP, ensuring compliance with all financial, tax, and regulatory requirements.
  • Oversee preparation for and support of internal and external audits; manage relationships with auditors and key external financial partners as needed.
  • Identify and manage financial and operational risks, including project, contract, credit, and compliance risks, implementing mitigation strategies where appropriate.

Team Leadership and Talent Development
  • Lead, mentor, and develop talent as a player coach for the small versatile team, including FP&A, accounting, and related support roles, fostering a culture of accountability, collaboration, and continuous improvement.
  • Define roles, responsibilities, and priorities within the finance organization to support a growing, evolving product and services portfolio.
  • Partner with broader leadership to drive cross-functional alignment, improve processes (e.g., project accounting, revenue recognition, implementation and program tracking), and enable effective decision-making.

Cross-Functional and Operational Support
  • Partner with Programs, Implementation, Operations, Product Management, Sales, and Managed Services to ensure financial transparency and discipline across the project and implementation lifecycle.
  • Support program and implementation leaders in revenue planning, capacity and resource planning, and profitability analysis for projects and SaaS offerings.
  • Contribute to continuous improvement initiatives that enhance forecasting accuracy, project performance, cost management, and customer value.


Qualifications
  • Bachelor's degree in Finance, Accounting, or related field; MBA and/or CPA/CMA strongly preferred.
  • 10+ years of progressive experience in finance, with at least 5 years in a senior leadership role (Director, VP, or equivalent) in an industrial, manufacturing, or complex technology environment.
  • Experience supporting or leading a business unit or P&L of comparable scale $100m-$200m ideally within an industrial, project based and recurring revenue based, or SaaS-enabled business.
  • Strong knowledge of GAAP, financial reporting standards, internal controls, contractual terms, and regulatory requirements.
  • Demonstrated experience with acquisitions, including due diligence and integration.
  • Proven track record of building and leading high-performing finance teams and driving performance improvements.
  • Advanced analytical, strategic thinking, and problem-solving skills; comfortable working in a fast-paced, matrixed organization.
  • Exceptional communication and interpersonal skills, with the ability to influence and partner effectively with senior leaders, cross-functional teams, and external stakeholders.
  • Experience with enterprise financial systems (e.g., JDE or similar) and advanced Excel skills; familiarity with cloud-based tools and project/implementation systems is a plus.


Preferred Experience
  • Background in manufacturing plus exposure to SaaS or recurring revenue models (e.g., fare collection, payments, or transportation-related technology).
  • Prior involvement in mergers and acquisitions, including financial modeling and post-close integration of systems and processes.
  • Experience working with or supporting program management, implementation, and managed services functions in a complex solution environment.


The compensation information that follows is a reasonable estimate for the position and is provided pursuant to legal requirements in this state. The salary estimate provided represents the typical salary range for the position, and other factors may be used to determine the successful candidate's actual salary, including skill set, experience, training, education, organizational needs, internal equity, market data, and geographic zone. The estimated salary range for this position is: $170,000 - $230,000 At SPX, it is not common for individuals to be hired at the higher end of the range, and compensation decisions depend on a variety of factors. This role is eligible to participate in a discretionary bonus plan, subject to the rules governing the plan. SPX offers a variety of benefits, including health benefits, 401k retirement with a company match, and flexible time off. More information about our benefits can be found on the "Rewards and Benefits" section of the career page.

About SPX Corporation

SPX Corporation is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets. Based in Charlotte, North Carolina, SPX Corporation had approximately $1.5 billion in annual revenue in 2020 and more than 4,500 employees in 17 countries. The company's products and technologies serve customers in a wide range of industries, including food and beverage, power and energy, and transportation. SPX Corporation was founded in 1912 as the Piston Ring Company and has since grown through a series of acquisitions and divestitures to become a diversified industrial company with a global presence.
Learn more about SPX Corporation
Size
3,100 employees
Market Cap
$2.9 billion
Industry
Net Income
$97.2 million
Founded
1912
5 Year Trend
-3.7%
Revenue
$1.5 billion
NASDAQ

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