Senior Director Finance Chb

Who we are You enjoy creating and innovating. You never stop striving for better. You take responsibility and you get results. You love being part of a team. Above all, you want your work to matter: Welcome to our world At Sonova we create sense by bringing sound to life. Our innovative hearing care solutions help millions of people enjoy life’s unforgettable moments. We offer exceptional career opportunities through market-leading brands from consumer to medical, products and services that keep pushing hearing care forward, and a culture where you can quickly belong and perform at your best. If you want the freedom to explore, opportunities to grow, and make positive change on people lives through your work, this is the place for you. Join Sonova. Create sense. - Hannover, Germany Senior Director Finance CHB Location: Hannover, Germany About Sonova - Sonova is a global leader in innovative hearing care solutions: from personal audio devices and wireless communication systems to audiological care services, hearing aids and cochlear implants. Sonova operates through four businesses - Hearing Instruments, Audiological Care, Consumer Hearing and Cochlear Implants - and the core brands Phonak, Unitron, AudioNova, Sennheiser (under license) and Advanced Bionics as well as recognized regional brands. The Group’s globally diversified sales and distribution channels serve an ever-growing consumer base in more than 100 countries. Sonova´s Consumer Hearing Business (CHB) produces and distributes an extensive range of products under the licensed brand name Sennheiser. Through the acquisition of the Sennheiser Consumer Division in 2022 Sonova added a 75-year old brand with an uncompromising commitment to sound quality. Our CHB product portfolio stretches across the Premium (& True Wireless) Headphones, the Audiophile, and Hearing Care (Enhanced hearing and Speech-enhanced hearables) categories. About the role With the acquisition and successful integration of the Sennheiser Consumer Division, Sonova strengthened its leading position within the global ‘hearing’ market. Moving forward, the vision for Sonova´s Consumer Hearing Business is to extend the leadership in premium consumer audio as well as become the go-to brand for situational hearing solutions. With fast-growing sales activities across physical and digital channels covering Europe, US and Asia, a key pillar of our strategy is to drive Gross Margin expansion through: Gross Margin transparency; Driving mix (country/channel/product); Design-to-cost; Manufacturing Insourcing; Trade Terms Optimization; and a Cultural shift to embrace profitability mindset. Recognizing that none of the above would be possible without a strong ‘finance’ leadership, we are hiring a Global Head of Finance, CHB. This person will work closely on a day-to-day basis with the CHB Leadership team and the corporate Finance function to optimize the financial performance of the Consumer Hearing Business and to deliver on its strategic goals. The role has direct accountability to the Group CFO and a dotted line to the GVP CHB. **Key Responsibilities** The Senior Director Finance CHB will be responsible for the overall financial leadership of the division with a current revenue of over CHF 300 Mio but with prospects to grow to over CHF 400 Mio over the next 3-5 years. The financial leadership requires a strong focus on continued financial performance improvement YoY driving the company from a low single digit EBITA to a mid-double digit EBITA over the next few years. The financial leadership expands across all areas of finance including Accounting, Reporting, Controlling Credit & Collection, Sales Analytics and Compliance as well as management of Statutory and Tax local matters as appropriate. (S)he will manage a team of ca. 40 associates, including responsibilities for staffing, business continuity, performance management and skills development. This role oversees the financial decision making of the CHB business and plays a key role in driving optimal resource allocation to ensure that the short and long-term financials goals of the CHB business and its contribution to the overall Sonova group financials are met. **Business Support** Business Partnering: - Trusted financial business partner and "co-pilot" to the CHB GVP supporting and actively influencing day-to-day decision making, shaping strategy and direction - Driving better business decisions and improving business performance through higher transparency, financial analysis and pro-active issue management - Maintenance of effective commercial procedures, or initiating change, to ensure key operational, commercial and financial targets are delivered - Ongoing review of local business performance, profitability and optimization of commercial practices based on overall economic environment (e.g. FX impact on pricing, credit policies and receivables management in high inflation countries, etc.) Planning, Budgeting and Fo