Senior Finance Director- Strategic Procurement

Career Area:

Finance

Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other.  We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Company Overview:

With 2024 sales and revenues of $64.8 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future.

Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment.

The Role:

The Senior Finance Director, Procurement, is a unique role providing financial leadership for both the Strategic Procurement Division (“SPD”) and the Resource Industries Supply Management (“RISM”) group.

Housed within Caterpillar’s Resource Industries Segment, SPD establishes and supports the procurement vision, processes, and tools for the Enterprise across all segment purchasing groups.  It drives Enterprise-wide standards and provides assurance of supply, supplier relationship management, and cost leadership. It is also driving the development of new digital tools and is tasked with advancing procurement talent, capabilities, and technology across the Enterprise. The Division also includes Caterpillar’s Global Demand & Orders Management group, providing end-to-end supply/demand planning for the Company. A recently created division, SPD is driving a transformative agenda.

RISM is the direct material procurement organization for the Resource Industries Segment. Its global team manages billions of dollars of annual purchases for both the Segment and Enterprise. RISM manages thousands of suppliers providing material to dozens of facilities and the aftermarket around the world.

The Senior Finance Director is the top accounting/finance procurement position within the Segment. This professional will serve as the financial lead in collaboration with the SPD VP on key strategic transformational initiatives to ensure return value and impact to the enterprise organization.  In addition, this role leads the finance team supporting RISM and its Director of Procurement.  Additional responsibilities include oversight of the teams managing the Company’s direct material cost reporting system and providing the FP&A for the Enterprise’s Global Demand & Order Management and Lean Center of Excellence groups.

This is a leadership position within the Resource Industries finance team and the broader Global Finance Division.  The nature of this critical role will provide this person with broad exposure across the Segment and Enterprise in addition to serving as a trusted advisor to executive leadership. This role reports to the Division CFO for the Segment’s engineering and component manufacturing division. As such, a strong, independent professional is necessary to provide leadership and drive process improvement for these groups.

The Senior Finance Director provides strategic thought leadership and helps to drive the development and implementation of business, finance, and operational strategies of the business unit. The Director is expected to provide counsel and support to the business unit’s top management and is also responsible for the overall business risk management process, the control environment, and the business analysis and decision support functions. This position includes ensuring compliance with US GAAP and Sarbanes-Oxley requirements and the overall integrity of the financial reporting function and exercises due diligence to prevent and detect fraud to promote an organizational structure that encourages ethical conduct and a commitment to compliance with the law.

Key Responsibilities:

• Leads a diverse and distributed team of direct and in-direct reports.

• Primary finance lead for SPD VP as a key member of leadership team, providing insight and counsel to the VP in pursuit of SPD’s transformative agenda in addition to core accounting/finance responsibilities

• Partner with RISM Procurement Director and oversee RISM finance team

• Leadership of team supporting the enterprise Direct Material Cost Reporting tool

• Champion and identify simplification, standardization, and digitization opportunities to create accounting and analysis efficiencies for finance and business

• Lead investment analysis for growth initiatives and systems investments

• Procurement analysis and insight, assisting and providing guidance for critical supplier situations, negotiations, etc.

• Internal Audit support and drive Compliance leadership and control environment

• Requires strong ability to work in a matrixed organization and collaborate with business partners

Basic Qualifications:

• Bachelor's degree in an Accounting or Finance

• Leadership experience managing finance teams

• Excellent leadership, interpersonal, teamwork, and communication skills are required to deal with sensitive issues, develop others, and influence internal and external suppliers and customers

Skills:

• Finance and Accounting: Knowledge of finance and accounting practices, financial analysis, and reporting; ability to apply finance knowledge appropriately to diverse situations.

• Strategic Thinking: Knowledge of the importance of "big picture" thinking and planning; ability to apply organizational acumen and competitiveness to identify and maintain focus on key success factors for the organization.

• Business Acumen: Knowledge of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business; ability to apply this knowledge appropriately to diverse situations.

• Financial Analysis: Knowledge of tools and approaches of financial analysis; ability to read, interpret and draw accurate conclusions from financial and numerical material.

T op Candidates Will Also Have Some/All:

• Accounting/Finance certification (e.g., CPA, CMA, CFA)

• Advanced degree (e.g., MBA, masters)

• High degree of intellectual curiosity and creativity

• Strong work ethic and problem solver

• Desire for increased career progression and responsibility

Additional Information:

• This role will be based on-site in Irving, TX or Peoria, IL.

• Domestic relocation assistance is available for those who qualify 

• Sponsorship is not available 

• This position is eligible for stock or other equity grants pursuant to Caterpillar’s long-term incentive plan.

Summary Pay Range:

$199,680.00 - $299,520.00

Compensation and benefits offered may vary depending on multiple individualized factors, job level, market location, job-related knowledge, skills, individual performance and experience. Please note that salary is only one component of total compensation at Caterpillar. 

Benefits:

Subject to plan eligibility, terms, and guidelines. This is a summary list of benefits.

• Medical, dental, and vision benefits*

• Paid time off plan (Vacation, Holidays, Volunteer, etc.)*

• 401(k) savings plans*

• Health Savings Account (HSA)*

• Flexible Spending Accounts (FSAs)*

• Health Lifestyle Programs*

• Employee Assistance Program*

• Voluntary Benefits and Employee Discounts*

• Career Development*

• Incentive bonus*

• Disability benefits

• Life Insurance

• Parental leave

• Adoption benefits

• Tuition Reimbursement

* These benefits also apply to part-time employees

Posting Dates:

February 27, 2025 - March 6, 2025

Any offer of employment is conditioned upon the successful completion of a drug screen.     

EEO/AA Employer.  All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

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