Fss Finance Director

Introduction

A Long History

Watts Water Technologies, Inc., has a long history: The company was founded by Joseph E. Watts in 1874 under the name Watts Regulator Company. Watts Regulator started as a small machine shop supplying parts to the New England têxtile mills, including manufacturing pressure-reducing and relief valves to ensure the safe operation of water heaters and boilers.

Breadth & Depth

Today Watts Water, through its various brands and subsidiaries, is a global provider of plumbing, heating, and water quality solutions for residential, industrial, municipal, and commercial settings. Our family of brands & companies offers one of the most varied plumbing, heating, and water quality product lines in the world— ranging from simple under-sink water supply stops to drains, backflow prevention assemblies, rainwater harvesting systems, and hydronic & electric heating solutions.

Presence

We have a global presence, our corporate headquarters is based in North Andover, Mass. USA. The European business is a leading provider of products used in water protection, sanitation, HVAC, instrumentation, drain and electronics. Our European operation is organized around 4 different platforms: Fluid Solution North (Water & plumbing), Fluid Solution (HVAC), Electronic and Drain

Watts’ Europe business has a total workforce of approximately 2,200 people and operations in over a dozen countries with its largest presence in France, Italy, Germany and Denmark. Watts Europe realized net sales of more than €473 millions in 2022, selling direct to customers as well as through specialized wholesale distributors and OEMs.

Strategic Goals

Watts Water is traded on the New York Stock Exchange under the symbol 'WTS'. As a public company, growing shareholder value is critical, and to that end we focus on three strategic corporate goals: Growth, Operational Excellence, and “One Watts Water.”

Job Description Summary

Fluid Solution South is one of the 4 platforms run in Europe, representing about 1/3rd of the Total Europe annual revenue, FS South is very active in HVAC, instrumentation and water quality solutions thru its multiple operations in Europe (Italy, Germany, Bulgaria, Iberica and Poland (CEE)

Based in Biassono, Italy, the finance director (FSS) works in a matrix organization reporting to the VP finance Europe with strong dottled-line support to the Managing Director FSS working as thru right hand to help driving growth and profitability

RESPONSIBILITIES AND DUTIES:

- ensure proper financial reporting under local/ US GAAP
- lead team of +/-19 finance professionals to perform financial duties (Accounting, FP&A, Tax, Internal controls, Treasury )
- partner with leadership to support sales/ margin expansion as well as future M&A
- ensure open and fluid communication and work relationship with Watts regional and head office
- Analyze financial results, identify and communicate deviations from plans and forecast with recommendations for potential solutions and improvements
- Develop and coordinate realistic short term and long-term financial plans, i.e. forecasts, budgets, 5 year strategic plans
- be an active strategic member of the Italian and FSS leadership team

EDUCATION:
CPA and/ or MBA/ Master of Science in Finance or Economics

PEOPLE MANAGER:
QUALIFICATIONS:

- has 15 years of experience working for US MNC in an industrial environment.
- Used to deal with pressure, working with high sense of urgency.
- demonstrates good understanding of local GAAP/ Tax environment
- is fluent in Italian and English. German language would be considered a plus.has proven experience of successful Business Partneringneeds to think out of the box, in preparing for the future
- strong communication skills written and oral
- strong reporting skills - provide simple/ clear recommendation to management
- drive a lean culture in Finance through smart processes and process automation (RPA/ AI)
- is a humble, approachable, skilled, and confident People Leader
- is a strong relationship builder globally
- understands the value of inclusion, equity and diversity.

WORK ENVIRONMENT:
OTHER REQUIREMENTS:
GLOBAL FINANCE FOCUS:
Fluid Solution South platform (app. 650 employees) is part of the WATTS family of brands (app. 5.000 employees globally and app. 2.200 employees in Europe).