Watts Water Technologies, Inc., has a long history: The company was founded by Joseph E. Watts in 1874 under the name Watts Regulator Company. Watts Regulator started as a small machine shop supplying parts to the New England textile mills, including manufacturing pressure-reducing and relief valves to ensure the safe operation of water heaters and boilers.
Breadth & Depth
Today Watts Water, through its various brands and subsidiaries, is a global provider of plumbing, heating, and water quality solutions for residential, industrial, municipal, and commercial settings. Our family of brands & companies offers one of the most varied plumbing, heating, and water quality product lines in the world— ranging from simple under-sink water supply stops to drains, backflow prevention assemblies, rainwater harvesting systems, and hydronic & electric heating solutions.
Presence
We have a global presence, with our corporate headquarters based in North Andover, Mass. USA. The European business is a leading provider of products used in water protection, sanitation, HVAC, instrumentation, drain, and electronics. Our European operation is organized around four different platforms: Fluid Solution North (Water & plumbing), Fluid Solution (HVAC), Electronic, and Drain.
Watts’ Europe business has a total workforce of approximately 2,200 people and operations in over a dozen countries, with its largest presence in France, Italy, Germany, and Denmark. Watts Europe realized net sales of more than €473 million in 2022, selling directly to customers as well as through specialized wholesale distributors and OEMs.
Strategic Goals
Watts Water is traded on the New York Stock Exchange under the symbol 'WTS'. As a public company, growing shareholder value is critical, and to that end, we focus on three strategic corporate goals: Growth, Operational Excellence, and “One Watts Water.”
Job Description Summary
Fluid Solution South is one of the four platforms in Europe, representing about one-third of the total European annual revenue. FS South is very active in HVAC, instrumentation, and water quality solutions through its multiple operations in Europe (Italy, Germany, Bulgaria, Iberica, and Poland - CEE).
Based in Biassono, Italy, the Finance Director (FSS) works in a matrix organization, reporting to the VP Finance Europe with strong dotted-line support to the Managing Director FSS, acting as a right hand to help drive growth and profitability.
RESPONSIBILITIES AND DUTIES:
* Ensure proper financial reporting under local / US GAAP.
* Lead a team of approximately 19 finance professionals performing duties in Accounting, FP&A, Tax, Internal Controls, and Treasury.
* Partner with leadership to support sales/margin expansion and future M&A activities.
* Maintain open and fluid communication with Watts regional and head office teams.
* Analyze financial results, identify deviations, and communicate forecasts with recommendations for improvements.
* Develop and coordinate short-term and long-term financial plans, including forecasts, budgets, and 5-year strategic plans.
* Be an active strategic member of the Italian and FSS leadership teams.
EDUCATION:
CPA and/or MBA / Master of Science in Finance or Economics.
QUALIFICATIONS:
* 15+ years of experience working for US MNCs in an industrial environment.
* Ability to work under pressure with a high sense of urgency.
* Strong understanding of local GAAP / Tax environment.
* Fluent in Italian and English; German is a plus.
* Proven experience in successful Business Partnering and strategic thinking.
* Excellent communication skills, both written and oral.
* Strong reporting skills with the ability to provide clear recommendations.
* Promotes a lean culture in Finance through smart processes and automation (RPA / AI).
* Humble, approachable, confident People Leader.
* Strong global relationship builder.
* Values inclusion, equity, and diversity.
WORK ENVIRONMENT & OTHER REQUIREMENTS:
GLOBAL FINANCE FOCUS:
Fluid Solution South platform (approx. 650 employees) is part of the Watts family of brands (approx. 5,000 employees globally and approx. 2,200 in Europe).
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