By Catherine Landgraf
•
27 Sep, 2024
Vice President of Finance ABOUT THE COMPANY SawStop is the world leader in power tool safety. Headquartered in Tualatin, Oregon they design, engineer, and manufacture innovative power tools and accessories for the commercial and hobbyist woodworking markets. All SawStop power tools feature a patented safety technology that has saved tens of thousands of users from devastating, life-changing table saw injuries. Founded in 2000, SawStop’s first products were released in late 2004 and had immediate success. Since then, the company has essentially taken over the industrial table saw market. SawStop now has over 250,000 saws in the field and has documented over 10,000 fingers saved by SawStop saws. The company has received well over 100 US and foreign patents to date and continues to file and enforce new patents on the inventions created through its ongoing R&D. Their commitment to quality, innovation and safety over the past 20 years has made them the best in the industry. SawStop’s future looks just as bright as they accelerate their investments in new advancements in woodworking safety and performance. In July 2017, a family-owned German power tool company, TTS Tooltechnic Systems, purchased SawStop. TTS, celebrating 100 years in 2025, is respected around the world for their innovation, quality, and gold-standard market position. TTS (and their largest company, Festool) has a long and proven record of precision high-tech products. SawStop and Festool each focus on premier products in their respective markets and have minimal product overlap. ABOUT THE ROLE As a key leader in a multi-brand, multinational organization, the SawStop VP of Finance will be responsible for ensuring that financial reporting is accurate and timely, providing leadership with reliable data to support effective decision making. Additionally, the VP of Finance will lead, evaluate and optimize all finance-related budgets, forecasts and processes. This role will serve as a strategic partner to the CEO, ensuring that SawStop’s financial precision supports both the company’s goals and the parent company’s broader needs. The VP of Finance will ensure that financial performance aligns with the company’s strategic growth objectives and the accounting and finance organization operates efficiently, providing a high level of service to internal stakeholders. The ideal candidate will proactively anticipate the financial needs of individual departments and the company, staying ahead of evolving challenges and ambitious goals. ESSENTIAL DUTIES AND RESPONSIBILITIES Manage, lead, and develop a team of direct reports responsible for all accounting and finance functions including AP, AR, Payroll, and Financial Planning & Analysis processes. Oversee and ensure compliance with all internal controls, policies, and procedures, while providing leadership in risk management. Support and take responsibility for all internal and external audits and/or reviews. Build productive relationships with auditors and parent company. Lead financial planning, including annual budgets, revenue forecasts, and projections. Align SawStop objectives with parent company, working with professionals with varying cultural and professional experiences and expectations. Create and present regular reports and presentations for communicating across the organization to varying audiences, including the Supervisory Board and direct employees. Provide leadership for the continuous evaluation of short and long-term strategic financial objectives. Establish and maintain strong relationships with senior management and key stakeholders to identify their needs and seek full range of business solutions. Comply with local, state, and federal government reporting requirements and preparation and filing of all state and local taxes. Prepare schedules and documentation necessary for annual income tax preparation for our parent company. Key responsibilities include: Accounting, Controlling and Reporting Responsible for deadline-driven month-end closing and internal reporting Preparation of financial statements under US GAAP, year-end translations to German GAAP and monthly controlling reports to the parent company Regular review and reconciliation of investments Both regular capex and DCF based enterprise values Conduct WACC reviews and true ups Provide financial reporting to the ultimate parents’ CFO and Supervisory Board Lead Purchase Price Allocation (PPA) processes and assess potential implications of business practices Expertise in financial consolidation of multiple entities Multidimensional controlling of contribution margins and profit and cost centers Preparation of product P&L calculations Treasury and Cash Management Active working capital and cash flow management Continuous evaluation of FX exposure and knowledge of hedging strategies Manage non-HR related company insurances Tax Management Manage tax advisors and requests Serve as the liaison to parent company for cross border passthrough taxation matters Review corporate income tax returns Manage remittances and review of state sales taxes Periodic travel to the parent company in Germany is required REQUIRED QUALIFICATIONS Bachelor’s degree or higher in relevant field Proven experience in the relevant fields of finance, accounting, treasury and controlling Proven lead in overseeing US GAAP audits or multiple years of experience at an audit firm Excellent US GAAP knowledge a must; knowledge of German GAAP a plus Proficiency in MS Office Consistent, accurate, and thorough with an eye for details Excellent interpersonal skills Able to work in a deadline-driven environment Strong written and oral communication skills Demonstrated hands-on mentality and ability to implement practical solutions PREFERRED QUALIFICATIONS CPA, CFA or equivalent Knowledge in SawStop ERP: NetSuite Knowledge in TTS ERP: SAP Microsoft Power BI experience CCH Tagetik close/consolidation software experience MBA Interested in Learning More? If interested in learning more about the opportunity, please contact Lisa Heffernan /971.256.3076/ lisa@180one.com