Manager, Financial Planning

Westport Fuel Systems in Cambridge, On designs and manufactures a comprehensive product mix of alternative fuel components for applications in the light and heavy duty vehicle and industrial segments globally. This product mix includes Hydrogen (H2) and Compressed Natural Gas (CNG) components such as pressure regulators, tank valves, PRD's, PRV's, shutoff valves and integrated systems for a wide range of applications, including Fuel Cell vehicles.

Position Purpose

The Manager, Financial Planning and Analysis ("FP&A"), is part of the business unit finance team and reports to the Director, Finance and Corporate Controller. This role will be part of the FP&A function responsible for partnering with the business units to participate in the annual budgeting process, maintaining the business units' short-, medium-, and long-term- financial models, providing accurate and timely consolidated financial information to internal management and supporting the development of financial models for business unit initiatives. This role will involve working with other stakeholders within the organization to gain a thorough understanding of the business drivers and assumptions that underpin the budgets and forecasts, and to analyze financial results. The position will also support the corporate function in routine analysis, budget variance analysis, and ad-hoc financial modeling and reporting. The successful candidate will gain a deep understanding of our business and play an active role in supporting the company's continued growth by ensuring the company's financial budgets and forecasts are effective, efficient, and insightful.

Role responsibilities

• Assist in the financial planning process across our business units and coordinate preparation of annual budgeting, quarterly forecasting and management reporting.
• Prepare, analyze and report monthly business unit as well as consolidated financial reports and forecasts: revenue and margin analysis, overhead and operating expense analysis, cashflow forecasts and analysis, sales forecasting and capital expenditures spend vs budgets / forecasts.
• Partner with the business unit leaders and finance teams to develop annual budgets, quarterly forecasts and 3-5 year strategic plans
• Partner with the business unit leaders and finance teams on monthly and quarterly variances analysis to budget and prior period forecast
• Assist in development of Key Performance Indicators (KPIs) for business units and establish mechanisms to track / measure performance against KPIs on an ongoing basis
• Develop robust financial models to support growth initiatives such as mergers and acquisitions, market expansions and financing opportunities and to analyze the impact of changes to business drivers and costing rates on business unit performance
• Proactively work with members of the financial organization to improve financial models and business intelligence tools to enhance and streamline existing processes to compile, analyze and report on monthly financial results
• Assist in preparing presentations in support of board and shareholder meetings, monthly/quarterly senior leadership meetings and various strategic committees of the company
• Prepare historical trend and run-rate analysis to evaluate potential opportunities for savings and risks in meeting current forecasts
• Provide ad hoc reports and financial analyses (i.e., historical trend and run-rate analysis to evaluate potential opportunities for savings)

Health & Safety Responsibilities:

• Promote Westport's H&S culture following all Environmental, and H&S procedures and understanding your obligations and responsibilities
• Report unsafe conditions, behaviors and all accidents
• Co-operate with JHSC (Joint Health & Safety Committee) and Safety representative

Position Requirements

• CPA or CFA with 5-7 years of experience with an FP&A background, ideally in a growth-based business
• A University degree with a strong academic record and background in finance, economics, accounting or mathematics preferred; strong financial modelling, quantitative and analytical skills
• Forward thinking and inquisitive with a willingness to actively engage in understanding the business
• Proven ability building credibility and buy-in from management in a fast-paced environment
• Strong interpersonal and communication skills (both written and verbal) and able to communicate with all levels of the organization in a professional and competent manner
• Team player with positive attitude and strong work ethic
• Proficiency in PowerPoint presentation and extensive knowledge and experience working with Microsoft Excel.
• Knowledge of business intelligence tools such as JD Edwards or similar ERP systems an asset
• Mandarin speaking is an asset.
• Industry experience in manufacturing, engineering or high-tech companies is an asset