DRiV Americas Controller

Date: May 28, 2024

Location: Skokie, IL, US Southfield, MI, US

Company: Tenneco

Tenneco is one of the world’s leading designer, manufacturers and marketers of automotive products for original equipment and aftermarket customers, with approximately 78.000 team members working at more than 300 sites worldwide. Through our four business groups, Motorparts, Ride Performance, Clean Air and Powertrain, Tenneco is driving advancements in global mobility by delivering technology solutions for diversified global markets, including light vehicle, commercial truck, off-highway, industrial, motorsport and the aftermarket.

 

DRiV Americas Controller

 

The DRiV Director - Americas Controller will report to Executive Director & Chief Accounting Officer DRiV.

 

This position will be an integral part of the DRiV Americas Finance and Accounting team and will be responsible for all aspects of accounting for the region. The DRiV Americas Controller will be accountable for delivering timely, high quality financial reporting. Key responsibilities include ensuring technical compliance with US GAAP, providing data for accurate financial reporting, financial and operational internal controls, process simplification, and delivering operational accounting excellence to support the business’ needs. The DRiV Americas Controller will be the key point of contact for all aspects of accounting related to the region and will have accounting responsibility and oversight of the day-to-day accounting across the region including interacting, collaborating, and coordinating with all members of the team providing guidance on strategic business initiatives, accounting guidance on key provisions, balance sheet reviews, and internal controls support across the Americas region.

 

Responsibilities

 

  • Lead a regional team covering the full range of accounting and financial reporting oversight responsibilities across the region. 
  • Responsible for attracting, developing, and retaining talent across the regional accounting team.  
  • Responsible for regional team’s adherence to and implementation of applicable US GAAP, Tenneco Accounting Policies, and Standard Practice Instructions to deliver compliant and best-in-class accounting results.
  • Responsible for driving efficient, routine, and compliant close processes that allow for standardization and simplification. 
  • Review accounting estimates and provisions to ensure completeness and accuracy of related accruals.
  • Ensure month-end and quarter-end reporting and reconciliation requirements are in accordance with company policies and procedures across the region.
  • Perform periodic detailed balance sheet reviews at the plant/distribution center level.
  • Conduct the month-end accounting review meetings and related materials for the Americas region.
  • Identify opportunities for process improvement and automation in finance processes.
  • Support external disclosures and reporting requirements including but not limited to:
    • Factoring and deferred purchase price data validation and template preparation
    • Compile and review of restructuring accruals and related activity
    • Compile and review of warranty accruals and related activity
    • Compile and review of debt templates
    • Preparation and review of contract asset and liabilities, along with other commercial reserve balances
    • Tracking of government grant support
    • Support regional finance teams with load process into OneStream
    • Support diligence requests for annual goodwill impairment analysis for the Americas region
  • Implement best practices to enhance efficiency and accuracy in financial reporting.
  • Responsible for supporting internal audit requirements across the region ensuring observations and deficiencies are reported and remediated timely and effectively; provide support to business units to apply corrective actions as identified by Internal Audit; and review corrective actions and implement as appropriate across the remainder of the region.
  • Ensure the regional team’s adherence and timely filing of legal entity and local statutory reporting requirements.
  • Lead the controllership aspects of ongoing ERP and other related system transformation across the business.
  • Provide controllership support to the regional finance, including serving as best practice/quality resource and developing strategies, policies and processes to continuously improve Controllership within the region and respond to evolving business needs.
  • Responsible for being the primary liaison with the external auditors to ensure timely delivery of audit requests to support completion of the audit.
  • Support ad hoc and special projects as they arise, including but not limited to: acquisitions, divestitures, push-down accounting, assets as held for sale, discontinued operations, etc.

 

Qualifications:

 

  • Bachelor’s or master’s degree in accounting; CPA required and MBA is highly desirable.
  • Extensive experience as a Controller or similar leadership roles in a multinational organization.
  • Strong understanding of US GAAP accounting principles and global market dynamics.
  • Exceptional analytical and problem-solving skills, with the ability to navigate complex financial landscapes.
  • Familiarity with multiple different ERP systems and advanced proficiency in financial modeling and analysis tools.
  • Proven ability to communicate effectively with diverse teams and stakeholders at various organizational levels.
  • Strong leadership skills in sophisticated functional teams and experience in building relationships across the organization.
  • Ability to multi-task with strong prioritization skills and to work within a highly functioning finance team as a team player.
  • Experience with OneStream highly desirable.

 

 

An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.


Nearest Major Market: Chicago