Finance Segment Manager Electrical Products

Siemens Mobility; Oakville; On-site; CAD 100,000 - 140,000; Full time

Job summary

A leading technology company is seeking a Finance Segment Manager in Oakville, Ontario to drive financial transparency and optimize performance for the Electrical Products business unit. The role involves overseeing budgeting, forecasting, and financial analysis while collaborating with management to support strategic decisions. The ideal candidate will have a degree in Finance or related fields, significant experience in financial controlling, and familiarity with tools like SAP and Power BI. This position offers a competitive salary and opportunities for career advancement.

Benefits

Flexible work environment

Profit sharing

Employee perks and discounts

Opportunities for career advancement

Qualifications

• Minimum 7-10 years of experience in financial controlling and performance management.
• Strong knowledge of IFRS, financial models, and KPI frameworks.
• Proven track record of driving digital transformation.

Responsibilities

• Drive financial transparency and support strategic decisions.
• Lead financial planning, analysis, and reporting.
• Manage budgeting and forecasting processes.
• Monitor performance through analysis of financial metrics.

Skills

Financial controlling

Performance management

Strategic planning

Communication

Leadership

Education

Bachelor’s or Master’s degree in Finance, Accounting, or related field

MBA or professional certifications (CPA, CMA)

Tools

SAP

MS Office 365

Power BI

Tableau

Job description

Finance Segment Manager & Performance Controlling – Electrical Products

491049

Smart Infrastructure

Finance

Change the future with us.

We are looking for dedicated and talented people who tackle ever‑changing challenges, customer needs, and questions from colleagues with clever concepts and creativity. We embrace change and work with curious minds re‑inventing the future of work. Join us and let us focus together on what’s truly important: making lives better with new ideas and the latest technology around the world.

Why you’ll love working for Siemens!

• Freedom and a healthy work‑life balance– Embrace our flexible work environment with flex hours, telecommuting and digital workspaces.
• Solve the world’s most significant problems – Be part of exciting and innovative projects.
• Engaging, challenging, and fast evolving, cutting edge technological environment.
• Opportunities to advance your career and mentorship programs on a local and global scale.
• Profit sharing available.
• Rewarding vacation entitlement with the opportunity to buy and sell your vacation depending on your lifestyle.
• Contribute to our social responsibility initiatives focused on access to education, access to technology and sustaining communities and make a positive impact on the community.
• Participate in our celebrations, social events and offsite business events.
• Opportunities to contribute your innovative ideas and get paid for them!
• Employee perks and discounts.
• Diversity and inclusivity focused.

Siemens is proud to be an eight‑time award winner of Canada’s Top 100 Employers, Canada’s Greenest Employers 2025 and Canada’s Top Employers for Young People 2025.

What will you do?

The Finance Segment Manager drives financial transparency, optimizes performance, and supports strategic decisions for the Circuit Protection and Controls (CP&C) segment. This role also oversees budgeting, forecasting, financial analysis, and performance monitoring for the Electrical Products business unit, ensuring alignment with objectives and compliance with corporate standards.

• Lead the Performance Controlling function, ensuring accurate and timely financial planning, analysis, and reporting.
• Act as a trusted finance partner to Electrical Products (EP) Management, providing insights and recommendations to support strategic decisions.
• Drive continuous improvement and digitalization of controlling processes and tools.
• Business Partnering
• Collaborate with Circuit Protection & Controls (CP&C) Segment Manager to ensure cost transparency and profitability analysis.
• Lead financial strategy for the CP&C segment
• Support decision‑making through ad‑hoc analysis, presentations, and management reports for budget, strategy, and quarterly reviews.
• Budgeting & Forecasting
• Manage the annual budgeting and periodic forecasting processes in collaboration with segment and department managers.
• Ensure forecasts and budgets reflect realistic assumptions and align with strategic objectives.
• Performance Monitoring & Analysis
• Lead month‑end and quarterly closing process
• Independently monitor financial performance through analysis of P&L, balance sheet, cash flow, and KPIs.
• Prepare variance analyses, identify risks and opportunities, and propose corrective actions.
• Develop and maintain dashboards and reporting frameworks using tools such as Power BI, Tableau, and SAP, including standard reports use for Business reviews
• Governance & Compliance
• Ensure adherence to IFRS and internal financial policies.
• Support audits, risk assessments, and internal control reviews, including leading the annual RIC process for EP
• Lead a high‑performing team of analysts, ensure training and succession planning for key roles
• Foster a culture of accountability, innovation, and continuous learning.

What will you need to succeed?

• Bachelor’s or Master’s degree in Finance, Accounting, Business Administration, or related field; MBA or professional certifications (CPA, CMA) preferred.
• Minimum 7‑10 years of experience in financial controlling, performance management, and strategic planning within a complex organization.
• Strong knowledge of IFRS, financial models, KPI frameworks, and risk management concepts.
• Proficiency in SAP, MS Office 365, and data visualization tools (Power BI, Tableau).
• Excellent communication and presentation skills; ability to influence and lead in a matrix organization.
• Proven track record of driving digital transformation and process improvements.

[Salary is commensurate with experience, and ranges between $ 100,000.00 CAD - $ 140,000.00 CAD, excluding bonus and benefits. In addition to base salary, this role includes eligibility for an annual discretionary bonus ranging from 18% to 25% of base salary, based on Company performance metrics.]

About us.

We share our ideas and champion the people behind them.

Siemens Canada is a leading technology company focused on industry, infrastructure, mobility and healthcare. The company’s purpose to is to create technology with purpose, transforming the everyday, for everyone, since 1912. By combining the real and the digital worlds, Siemens empowers its customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more liveable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.

In fiscal 2024, which ended September 30, 2024, Siemens Canada had revenues of approx. $2.2 billion CAD. The company has approximately 4,400 employees from coast‑to‑coast and 37 office and production facilities across Canada.

To learn more about Siemens Canada, visit our website at www.siemens.ca

While we appreciate all applications we receive, we advise that only candidates under consideration will be contacted.

Siemens is committed to creating a diverse environment and is proud to be an equal opportunity employer. Upon request, Siemens Canada will provide reasonable accommodation for disabilities to support participation of candidates in all aspects of the recruitment process. All qualified applicants will receive consideration for employment.

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