Director, Financial Planning & Analysis - Underwriters Laboratories

Location US-IL-Northbrook
Job ID
2022-29434
# of Openings
1
Job Category
Accounting/Finance

 

Finance.Analysis – Abacus – Analyze It

At UL, we know why we come to work.

We have an exciting opportunity for a Director of Financial Planning & Analysis (FP&A) for Underwriters Laboratories. The Director of FP&A leads the budget, analysis, and reporting functions for the organization, establishing systems, processes, and procedures, and supporting leadership in decision making through regular financial reporting and ad-hoc analysis and insights. The position supports UL’s two nonprofit organizations, Research and Standards & Engagement, and reports to the Senior Vice President and Chief Financial Officer.

 

Underwriters Laboratories

 

At Underwriters Laboratories, we wake up every day with a common purpose: to make the world a safer, more secure and sustainable place. Science is in our DNA; we are endlessly curious and passionate about seeking and speaking the truth. We take delight in knowing that our work makes a meaningful contribution to society, and we are proud that our culture is centered on integrity, collaboration, inclusion and excellence. Underwriters Laboratories stands at the forefront of technological advancement, and we are continually challenged to find new ways to foster innovation and positive change. Satisfying? Yes. Exciting? Absolutely!

What you’ll learn & achieve:

As the Director of FP&A, you will play a key role in the rapid growth of Underwriters Laboratories as you:

  • Lead the annual budget process for the organization, working in collaboration with unit and department leaders and the senior leadership team to ensure alignment of resources with the organization’s short- and long-term strategies.
  • Collaborate with strategy, operations, and human resources leaders in the development of long-term strategic plans, including facilities, equipment, people, and other resources.
  • Hire, lead, and develop a high-performing FP&A team to support the growth and mission of the organization.
  • Work closely with the Controller to overseee the design, preparation, review, and distribution or monthly and other regular financial and analytical reports that support ongoing decision making and management of the organization.
  • Support senior leaders in preparation for Board and other leadership meetings regarding financial planning and results.
  • Lead ad-hoc analysis, report creation, and presentations for special projects and initiatives requiring historical and/or or forward looking financial analysis.
  • Develop and document business and financial planning and reporting policies, procedures, and processes.
  • Participate in the selection and contribute to the implementation of new ERP and/or financial software platforms.
  • Collaborate with accounting, treasury, tax, and other internal functions in the ongoing management of the overall finance organization.
  • Participate and contribute in other department specific and cross-functional initiatives.

What makes you a great fit:

The ideal candidate will bring several qualities to the team, including:

  • Expertise in financial planning and analysis and related functions and systems.
  • Deep analytical skills with the ability to summarize and communicate in concise and compelling ways complex historical data, and develop models and scenarios for short- and long-term planning.
  • Problem solving skills with the ability to identify root causes, develop practical solutions, and work in collaboration with colleagues across the organization to address strategic, operational, and any other roadblocks to success.
  • Leadership, initiative, and influence skills to create alignment and buy-in with multiple stakeholders and deliver results in a matrix organization.
  • Positive and collaborative attitude and interpersonal skills to work effectively with leaders and colleagues across the organization.
  • Engaging and approachable leadership style to lead and develop a high performing team, setting high standards and accountability for process and results.
  • High degree of curiosity to learn about the mission and impact of the organization and its areas of specialization.
  • Excellent written and oral communication and presentation skills to deliver clear and consistent messages to audiences at all levels of the organization, including senior leadership and board of directors.
  • Ability to operate at a strategic and operational level, including attention to detail, focus on quality, speed, and outcomes, and willingness to both lead the work and execute.
  • Responsiveness and a sense of urgency, with focus on outcomes, structure, and process improvement for the short and long term.

 Professional education and experience requirements for the role include:

  • Bachelor’s degree is required, with preference to a degree in accounting, business, economics or related field. CPA and MBA or advanced degree with emphasis in finance are preferred. Prior experience with a major accounting firm preferred.
  • 10 years of experience in finance and accounting, including at least 5 years of oversight of FP&A and team management, is required.
  • Experience working with scientific research, academic or research institutions, and experience working with public policy, nonprofit, and/or mission driven organizations is desired.
  • Experience with financial planning for a complex, multi-affiliate environment including for profit and not for profit entities and shareholders is desired.
  • Management experience leading teams, developing strategy, and executing plans.
  • Proficiency in MS Office is required, with advanced skills in Excel are required. Experience and familiarity with analytical tools (e.g. PowerBI, Tableau) is highly desired.

 

UL has COVID-19 protocols and policies in place to ensure the safety of our employees, customers and clients. Effective November 1, 2021, the company mandates that employees are vaccinated against COVID-19 as a condition of employment (except where prohibited by law), subject to reasonable accommodation as required by law.

What you’ll experience working at UL:

  • Mission: For Underwriters Laboratories, corporate and social responsibility isn’t new. Making the world a safer, more secure and sustainable place has been our business model for the last 128 years and is deeply ingrained in everything we do.
  • People: Ask any Underwriters Laboratories employee what they love most about working here, and you’ll almost always hear, “the people.” Going beyond what is possible is the standard at Underwriters Laboratories. We’re able to deliver the best because we employ the best.
  • Interesting work: Every day is different for us here as we eagerly anticipate the next innovation that our customers’ create. We’re inspired to take on the challenge that will transform how people live, work and play. And as a global company, in many roles, you will get international experience working with colleagues around the world.
  • Grow & achieve: We learn, work and grow together with targeted development, reward and recognition programs as well as our very own UL University that offers extensive training programs for employees at all stages, including a technical training track for applicable roles.
  • Total Rewards: All employees at Underwriters Laboratories are eligible for bonus compensation. Underwriters Laboratories offers a generous 401k matching structure of up to 5% of eligible pay. Additionally, we invest an additional 4% into your retirement saving fund after your first year of continuous employment. We provide Healthcare Reimbursement Accounts and Health Savings Accounts that Underwriters Laboratories contributes to twice per year! Depending on your role, you can work with your manager on flexible working arrangements. We also provide employees with paid time off including vacation, holiday, sick and volunteer time off.

Learn More:

About Underwriters Laboratories Inc.

 

Underwriters Laboratories Inc. is a nonprofit organization dedicated to advancing safety science research through the discovery and application of scientific knowledge. We conduct rigorous independent research and analyze safety data, convene experts worldwide to address risks, share knowledge through safety education and public outreach initiatives, and develop standards to guide safe commercialization of evolving technologies. We foster communities of safety, from grassroots initiatives for neighborhoods to summits of world leaders. Our organization employs collaborative and scientific approaches with partners and stakeholders to drive innovation and progress toward improving safety, security, and sustainability, ultimately enhancing societal well-being.

Our wholly owned subsidiary, UL Inc., advances our shared public safety mission. We fund our work through grants, the licensing of standards documents and the business activities of UL Inc., which conducts testing, verification and certification, and provides training and advisory services, along with data-driven reporting and decision-making tools for customers around the world.

To learn more, visit UL.org.

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