Finance Manager I - Services
nVent · St Louis Park, MN · 3 wk ago
HybridFinance$89k–$166k/yrFull-time
About the role
This role serves as the foundational finance partner for the Service business, responsible for designing and implementing its financial and commercial backbone.
Responsibilities
- Build the Financial Model for Services: Refine the economic model across installation, maintenance, and warranty offerings.
- Develop rationales, revenue models, and scaling scenarios.
- Establish assumptions for attachment rates, service mix, and labor models (internal vs. contracted).
- Design Costing & Profitability Frameworks: Develop bottom-up cost models including internal labor and third-party vendor structures, travel, complexity, and site-specific costs, warranty reserves and lifecycle service costs.
- Establish standard costing, margin targets, and profitability guardrails.
- Contribute to the Pricing Strategy: Develop and implement service pricing models, including cost-plus and value-based approaches, multi-year service and warranty bundles, regional pricing structures and adders.
- Partner with Sales to ensure pricing balances price positioning and profitability.
- Enable Systems & Processes (Quote-to-Cash): Partner with IT and Sales Ops to implement service capabilities across CPQ, ERP, and Salesforce, define scalable processes and offerings, and support early deal structuring to drive consistency and margin integrity.
- Drive Operating Rhythm & Performance Management: Establish dashboards and KPIs, including pipeline, bookings, revenue, and margin, Service attachment rates and penetration, Warranty performance vs. assumptions.
- Provide insights to continuously improve pricing, win rates, and profitability.
- Budgeting and forecasting: Lead the budgeting and forecasting process for the Service business, operational expenses and financial performance tracking vs. plan.
- Provide regular updates and projections to support resource prioritization and investment planning.
Requirements
- Bachelor’s degree in Finance, Accounting, Economics, or a related field.
- (MBA or CFA preferred).
- 8+ years of experience in commercial finance, pricing, or business partnering roles.
- Strong experience in: cost modeling and profitability analysis, pricing strategy and developing rationale for initiatives.
- Experience with service, aftermarket, or labor-driven business models preferred.
- Strong experience with CPQ, ERP, and Salesforce systems is a plus.
- Strong financial modeling, analytical and forecasting skills.
- Proficiency in financial planning tools, ERP systems and Excel.
- Excellent communication and presentation skills with the ability to convey financial insights to both finance and non-finance collaborators.
Qualifications
- Dynamic global reach with diverse operations around the world.
- Plentiful career opportunities.
- Opportunity to make an impact every day.
- Belief that inventive electrical solutions enable safer systems and ensure a more secure world.
- Comprehensive range of systems protection and electrical connections solutions across industry-leading brands.
- Robust portfolio of leading electrical product brands dating back more than 100 years.
- Core values that shape our culture and drive us to deliver the best for our employees and our customers.
Skills
- Innovative & adaptable
- Dedicated to absolute integrity
- Focused on the customer first
- Respectful and team oriented
- Optimistic and energizing
- Accountable for performance
Benefits
- Medical, dental, and vision plans along with flexible spending accounts, short-term and long-term disability benefits, critical illness, accident insurance and life insurance.
- A 401(k) retirement plan and an employee stock purchase plan — both include a company match.
- Other supplemental benefits may include tuition reimbursement, caregiver, personal and parental leave, back-up care services, paid time off including volunteer time, a well-being program, and/or legal & identity theft protection.
Pay
$89,300.00 - $165,800.00 Depending on the position offered, employee may be eligible for other forms of compensation, such as annual incentives.
Schedule
Not specified