New Opportunity: Corporate Director of Finance & Reporting at Fortive

About the Company

Fortive is a new company with deep roots. Our portfolio is built with strong brands that are established leaders in the markets they serve. Our operating companies have long histories of solving customers’ critical needs. We originated from the $20B Danaher Corporation, bringing a committed leadership team and a powerful toolset for continuous improvement along, but our story is really just beginning.

Our successful separation from Danaher in July 2016 gave us a unique opportunity to focus on essential technology businesses driving exciting innovation in field instrumentation, transportation, sensing, product realization, automation and specialty, and franchise distribution. Our diverse teams around the globe are united by a shared culture and led by a uniquely qualified and experienced executive team.

Our customers and the technologies they depend on are moving faster than ever before. This rapid rate of change creates a world filled with exciting new opportunities, from precision sensors to the Internet of Things. We are more committed than ever to moving essential technologies forward.

At Fortive, we believe in growth. We take on big challenges; we are honest about what’s working and what isn’t, and we work hard to innovate and get better. With a passionate focus on our markets and our customers, we work together to make a genuine difference in the world. We know the only way to achieve these aspirations is though our people — great people equipped with proven tools and an environment that enables them to seize opportunities, imagine the next breakthrough, and create the next innovation. 

2018 Key Statistics

Rev: ~$7.2B | Mkt Cap: ~24B | Ticker: FTV (NYSE) | Employees: ~26,000 | Audit Firm: EY

Position Summary

Working under the guidance of the Sr. Director of Finance and Reporting, you will support both Corporate and OpCo finance and accounting initiatives and assist in the preparation of Fortive’s financial statements and SEC filings. Additionally, as the Corporate Director of Finance and Reporting, you will be responsible for researching, consulting on, and documenting technical accounting and reporting issues as they arise. You will also be responsible for establishing, maintaining, and communicating global accounting policies, serving as a key technical resource on complex accounting transactions, including M&A and capital market transactions, goodwill and intangible asset impairment testing, segment analyses, acquisition accounting, treasury-related transactions, and performing other annual and ad hoc technical evaluations. You will also be responsible for the implementation of new accounting standards and updates and identifying and resolving technical accounting matters involving statutory audits. Career progression opportunities exist within the Corporate finance group as well as within the finance groups of our operating companies (“OpCo’s”).

Candidate Profile & Responsibilities

  • Partner with Fortive’s Corporate Finance function and OpCo finance and accounting teams to identify, research, resolve, and communicate findings on accounting-related questions regarding business transactions while maintaining compliance with US GAAP.
  • Serve as expert on US GAAP technical accounting matters.
  • Assist in the preparation and review of Fortive’s SEC filings.
  • Undertake special projects to support Corporate initiatives as needed, including acquisition and treasury-related transaction accounting, and assist in the preparation of ad-hoc requests for analyses and information.
  • Lead and/or participate in the continuous improvement of Fortive’s finance processes, utilizing the Fortive Business System (FBS).
  • Understand and evaluate new accounting pronouncements and their impact on the organization, successfully implement any necessary process changes, enhancements, or IT solutions, and draft any related disclosures.
  • Maintain and enhance Fortive’s accounting policies and procedures manual.
  • Complete Fortive’s annual technical accounting processes, including goodwill and intangible asset impairment testing and segment analyses.
  • Serve as the Corporate point of contact for statutory audits, resolving local GAAP and IFRS technical accounting issues.
  • Work closely with the external auditors to resolve complex accounting issues.

Lead your professional and career development:

  • Stay current on accounting, auditing and regulatory matters and changes in technology and related subjects.
  • Learn the key drivers of Fortive’s operations.
  • Understand and contribute to the execution of Fortive’s strategic objectives.

Qualifications

Our successful candidate will be a seasoned finance professional with excellent knowledge of US GAAP and have experience working through complex transactions; SEC reporting experience is strongly preferred.  Further, our candidate will be an excellent communicator, intellectually curious and have a strong work ethic. Our candidate will be an independent thinker and self-starter with the bandwidth to manage competing priorities and work on several key projects at a given time.  Our candidate will have the ability to participate in spirited give-and-take discussions about their work and be a team player who will “do what it takes” to get the job done. It is important that our candidate have strong interpersonal skills with an ability to work with people at multiple levels throughout our organization, including Fortive’s Chief Accounting Officer, Treasurer, Group CFOs, and OpCo leadership.

To be a good fit for this opportunity, you will also have/be:

  • BS or BA Degree in Finance or Accounting and CPA designation required.
  • Minimum 10 years of relevant experience, with industry experience preferred.
  • Solid technical background in US GAAP, SOX, and ability to research, understand and communicate complex technical issues in an effective manner. SEC reporting experience is also preferred.
  • Ability to assess the impact of new accounting pronouncements OpCo’s and consolidated financial statements in a highly accurate and timely manner.
  • Operate in a way that never compromises ethics and integrity.
  • Comfortable working in a high-energy, quickly changing and dynamic environment.
  • Detail-oriented with the objective of consistently delivering high quality work products, while being able to step back to see the big picture.
  • Strong global business perspective with understanding of a multinational organization with multiple business units is preferred.
  • Customer focused in terms of providing timely and accurate financial information.
  • Process-oriented with an ability to communicate goals, accomplishments and next steps at all stages of a project.
  • Have strong quantitative and analytical skills as well as excellent written, oral and presentation skills.
  • Ability to travel to domestic and international locations periodically, typically less than 20%.

Ready to Apply?

180one is a retained search firm and has been engaged by Fortive to manage this search. If interested in learning more about the opportunity, please contact Kim Barnes at 180one.


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