Business Controller

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Purpose of position

The Business Controller (BC) will partner with the key operational leads locally and globally providing quality data and analysis in a timely fashion to support management decisions The BC will partner with internal stakeholders and external tax agencies and gov ax Auditors as needed to manage tax audits, comply with tax law, statutory Italy GAAP and tax legislation. The BC will support the financial planning and analysis process, including mid- and short-term forecasting of P&L and Balance Sheet The BC should have effective communication skills and relationships both in the operations organization and within finance and have an ability to influence the operational team to get operational, commercial, forecasting, and continuous improvement items addressed.

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Key Responsibilities

Lead the preparation of annual budget and forecasts for entire GVR Italy P&L and Balance Sheet. Forecasting with a high level of accuracy is an expectation for the position which includes an expectation for close cooperation with operational, factory and commercial teams to understand and communicate order backlogs, funnels, risks and opportunities. Provide timely and accurate financial reporting and analysis commentary on month end results, mid-month performance and quarterly forecast summaries including variance analysis to Finance team at regional, European, and global level as appropriate. Business Partner with R&D leader for R&D reporting, cost management, capitalization schedule and return metrics for R&D investment. Assist Global Director of FP&A with R&D process improvement. Local and Statutory Tax Experience a must. Experience in managing tax audits, VAT legislation and application, Direct Taxes Legislation (IRES- IRAP and Transfer Price) and experience in the application. Kowledge of the Indirect Taxes legislations, Statutory Italy GAAP. Electronic Invoicing Legislation. Partner with VNT Corporate Tax as needed. Defines upfront, controls, and stores the back up documentation to explain the fiscal rational for any sensible IC and Transfer Price transaction. Shared responsibility for month end journals and other month end deliverables (for example E&O data, ISPE data, quarterly schedules) together with the SSC. Continuous improvement in quality of financial information within the organizations. Management of the account and cost center structure and the accuracy of entries to the General Ledger (P&L, not BS). Appropriate control of the local GL to HFM mapping for P&L accounts. Proactive role in the preparation and presentation of quality analysis to support the business and commercial leaders., Including but not limited to entity and regional profitability, cost improvement actions, price/tender preparation, deal desk document, efficiency improvements. Support the Daily Management process with data and analysis as well attending daily management and challenging the teams on financial and operational metrics. Preparation or monitor the preparation of daily/weekly KPI's as appropriate to drive entity compliance and performance. Support or monitoring of any operational control processes impacting financials. For example: receipt of stock to inventory sites, inventory count programs, processes for return parts, processes for warranty returns, service WIP, aged receivables etc. Experience to manage unplanned stock differences and write off, in accordance with the Italian legislation Work in close partnership different functions to promote continuous improvement in the compliance and accounting environment.

Measures

of Performance

• On time and with quality information to management, business partners, peers, and other stakeholders in a matrix organization. Thorough understanding of the numbers, variances, fluxes, and movements • Timely and Accurate completion and compliance with all tax responsibilities and tax reporting, with external tax agencies and government • Improvements in reporting system. Appropriate set up of the account, cost center structure and posting rules within local ERPs for each of the entities/countries/segments under control. Appropriate mapping of ERP to HFM for P&L related accounts. Appropriate oversight of recurring revenue billing process • Assisting with controlling the business - oversight role to ensure operational control over rev rec compliance, WIP control, inventory receipts control, GRNI, physical inventory counts control, material usage control. Appropriate influencer of operational teams to ensure compliance. • Forecast accuracy: Hardware and Software revenue, direct margin and gross margin, regional margins, cost departments and working capital. R&D cost management, capitalization tracking, working capital management and cashflow optimization. • Analysis of results with quality and on time.

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Personal Qualifications & Experience

Required

Preferred

Education/

achievements Qualified or final stage part qualified ACA/ACCA/CIMA

Experience/ knowledge 5-10+ years' experience in finance, accounting or business controlling. Fluent in written/spoken Italian. Fluent in written/spoken English.

HFM (consolidation system) experience JD Edwards(?) experience Manufacturing company experience R&D business partner experience Tax Management Knowledge/Experience VAT (IVA) Legislation, Direct Taxes Legislation (IRES- IRAP and Transfer Price), Indirect Taxes Legislation, Statutory Italy GAAP, Electronic Invoicing Legislation, withholding tax

Specific skills Communication skills to work in a multinational environment. Strong analytical skills with attention to detail Strong excel skills.

II.

Role Specific Competencies & Behaviors

Competency

Descriptors

Action Orientated - Do what it takes: Takes the time, makes the effort with the right tenacity to do what it is necessary to meet expectations. - Is personally accountable and takes ownership. - Accepts and relishes a stretch culture environment with a positive 'can do' attitude. - Willingness to do take on new responsibilities and challenges including those outside core role description. Drives for Results - Quick to prioritize multiple tasks, quickly assesses new situations and achieves sustainable results. - Pick up processes rapidly, a hands-on fast learner. - Adaptable in approach to ensure results-based focus. - Focussed on financial results. Pushes self and others for results. Business Acumen - Knows how business works and what drives financial results. - Knowledgeable in current and possible future policies, practices, trends, technology and information affecting his/her business and organization. - Knows the competition, is aware of how strategies and tactics work in the marketplace. Peer relationships and Organizational agility - Confident, innovative, and self-motivated with excellent written and verbal communication skills. - Ability to influence others who are not direct reports. - Gets things done through formal and informal networks. Integrity & Trust - Acts with integrity and respects confidential information in discreet manner. - Presents the unvarnished truth but with focus on resolutions. - Keeps confidences, admits mistakes. WHO WE ARE The world depends on Gilbarco Veeder-Root products to stay moving. We are the worldwide technology leader for retail and commercial fueling operations. We continue to evolve as smart cities, urbanization, electrification of vehicles, and advanced vehicle diagnostics drive the industry forward. Offering the broadest range of innovative, integrated solutions in the industry, Gilbarco Veeder-Root has delivered value, built extraordinary teams, and earned customer trust for more than 150 years. To learn more about us visit: www.gilbarco.com.

WHO IS VONTIER

Vontier (NYSE: VNT) is a global industrial technology company uniting critical mobility and multi-energy technologies and solutions to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves - delivering smart, safe, and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement built upon the foundation of the Vontier Business System and embraced by over 8,500 colleagues worldwide. Additional information about Vontier is available on the Company's website at www.vontier.com.

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