What are the responsibilities and job description for the Head of Finance position at FutureProof, A Hanwha Company?
COMPANY OVERVIEW
Hanwha Group is one of the largest multi-industry business conglomerates in South Korea, and also one of the Fortune Global 500 companies. Hanwha Group operates globally in a diverse range of businesses with $70 billion in combined annual revenue from over 30 countries in the sectors of chemical, petrochemical, renewable energies, aerospace, defense, finance, hotel & resorts, construction and many others.
FutureProof, a Hanwha Company is a Delaware registered company established by Hanwha Group in an effort to proactively respond to the global demand for energy sustainability.
FutureProof is a joint venture investment platform equally owned by Hanwha Solutions and Hanwha Aerospace, and pursue active investments in the fields of battery energy storage systems, LNG infrastructure and other sustainable energy transition fuels as well as clean energy maritime solutions, aerospace. FutureProof will leverage these two affiliates’ expertise in renewable energy and relevant technologies for a greater energy transition and sustainability in the United States of America and globally.
FutureProof also provides various shared services to Hanwha Holdings USA and its subsidiaries. Hanwha Holdings USA is the primary US shareholder company of a number of Hanwha subsidiary entities, working in sectors such as energy, manufacturing, trade and investments in the United States. Strategic investments and M&A have been integral to Hanwha Group’s growth since its establishment in 1952, where Hanwha Holdings USA has played a key role based on its operations and investments in North America for the last decades.
FutureProof and Hanwha Holdings USA are both headquartered in New York City staffed with high-profiled professionals including certified public accountants, lawyers and investment/industry experts.
www.hanwha.com www.hanwhafutureproof.com
Role Overview:
Reporting to the Chief Financial Officer of Hanwha FutureProof and Hanwha Holdings USA, the Head of Finance is a critical role responsible for overseeing all aspects of corporate finance and tax, including financial analysis, planning, controllership, budgeting, accounting, cash flow projection, tax management, forecasting, and financial reporting. The Head of Finance will also manage a team of 5 Finance/Accounting individual contributors and provide training and development opportunities to ensure operational excellence.
Responsibilities:
Financial Analysis and Reporting:
Conduct comprehensive financial analysis to support strategic decision-making and identify opportunities for growth and cost optimization
Prepare accurate and timely consolidated financial reports and footnotes, including income statements, balance sheets, and cash flow statements
Develop and implement robust financial controls and processes to ensure data integrity and compliance with relevant regulations
Budgeting andForecasting:
Lead the annual budgeting process and develop accurate financial projections and forecasts
Monitor and analyze budget variances, providing insights and recommendations to stakeholders
Collaborate with cross-functional teams to align financial goals with overall business objectives
Tax Management and Compliance:
Oversee tax planning, preparation, and filing activities for the organization, ensuring compliance with relevant tax laws and regulations
Conduct research and analysis to identify tax optimization strategies and minimize the effective tax rate
Manage and coordinate external tax audits and ensure timely resolution of any issues or discrepancies
Cash Flow Management and Treasury:
Develop and implement cash flow forecasting models and strategies to maintain optimal liquidity levels
Manage relationships with financial institutions and ensure efficient treasury operations
Evaluate and recommend investment opportunities to maximize returns on excess cash
Team Leadership and Development:
Manage and mentor a team of 5 Finance/Accounting professionals, fostering a collaborative and high-performance culture
Provide training and development opportunities to enhance team capabilities and ensure ongoing professional growth
Promote best practices and continuous improvement within the finance function
Qualifications:
Bachelor's degree in Finance, Accounting, or a related field; CPA, Master's, MBA, or 3-4 years of Big4 practice preferred.
10-15 years of progressive experience in finance, accounting and tax with at least 3 years in a leadership role
Proven expertise in financial analysis, budgeting, forecasting, tax management, and financial reporting
Strong knowledge of accounting principles, practices, and regulatory requirements
Proficiency in financial software and tools, such as SAP, QuickBooks, SAP Concur, and Microsoft Office Suite
Experience in industries such as renewable energies, maritime shipping, and venture capital is highly desirable
Bilingual in Korean/English is essential
Excellent analytical, problem-solving, and decision-making skills
Strong communication and interpersonal abilities to effectively collaborate with cross- functional teams
Ability to thrive in a fast-paced, dynamic environment and adapt to changing business needs
Diversity and Inclusion:
Hanwha believes that diversity and inclusion are vital to our success. We believe that by embracing different ideas and approaches, we enhance our ability to deliver the best results for our employees, our environment, and ultimately our business partners and customers. We foster a culture where all colleagues are able to share their passions and ideas in order that we may collectively embrace and overcome the challenges in our industry, and work toward a brighter future.
Hanwha is an Equal Opportunity / Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class.
Contact:
Peter Cleary, Head of Talent Acquisition
Email: peter.cleary@hanwhafp.com
Mobile: 1 (215) 907-8699 280 Park Avenue, 23rd Floor EastTower, New York, NY 10017