Managing Director Finance Jobs in Chicago, IL (NOW HIRING)

Company and Business Overview

SPX Technologies is a diversified, global industrial company that provides highly engineered products and technologies across critical infrastructure, industrial, and transportation markets. Within SPX Technologies, the Detection and Measurement segment delivers advanced solutions that improve safety, compliance, and operational efficiency for customers worldwide. Genfare, LLC, part of SPX Technologies' Detection and Measurement platform, is a leading provider of innovative fare collection systems and services for the public transportation industry, combining hardware, software, and cloud-based solutions to modernize transit payment experiences.

Position Summary

The Director of Finance serves as the senior finance leader for Genfare business unit within SPX's Detection and Measurement segment and is responsible for overall financial performance, forecasting accuracy, internal controls, business contract oversite, and decision support for growth and profitability. This role partners closely with Genfare and segment leadership to translate financial insights into operating actions, capital allocation decisions, and long-range strategy, while ensuring compliance with SPX Technologies' financial policies and all applicable regulatory requirements. The Director of Finance leads the finance team across FP&A, accounting, and related functions, and acts as a key member of the Genfare leadership team.

Key Responsibilities

Strategic Leadership and Business Partnership

• Serve as the primary finance business partner to the Genfare General Manager and Detection and Measurement leadership, providing data-driven insights and recommendations that shape strategy and execution.
• Develop and implement financial strategies aligned with SPX Technologies' and Genfare's growth, margin, and cashflow objectives.
• Lead financial aspects of strategic initiatives, including pricing, new product introductions, commercial models, and service offerings across hardware, software, and SaaS.
• Support evaluation of M&A opportunities, partnerships, and other strategic investments, including due diligence, financial modeling, and integration planning.

Financial Planning, Budgeting, and Forecasting

• Own the annual operating plan, long-range financial plan, and rolling forecasts for the Genfare business, ensuring alignment with segment and corporate expectations.
• Drive a rigorous FP&A cadence, including revenue, margin, operating expense, and working capital forecasts, with clear variance analysis and action plans.
• Establish and maintain standard financial models and scenario analyses to assess market, product, and operational plans (e.g., SaaS growth, implementation revenue, service revenue, and hardware sales).

Financial Reporting, Analysis, and KPIs

• Ensure timely, accurate, and insightful monthly, quarterly, and annual financial reporting for Genfare, including P&L, balance sheet, cash flow, and key operational metrics.
• Monitor and interpret key performance indicators for the business (e.g., revenue mix, SaaS ARR, gross margin, project margins, implementation and program management productivity, working capital, and cash conversion).
• Provide clear narrative and analysis to segment and corporate leadership, highlighting trends, risks, and opportunities along with recommended actions.

Controls, Compliance, and Risk Management

• Maintain robust internal controls, policies, and procedures consistent with SPX Technologies' standards and GAAP, ensuring compliance with all financial, tax, and regulatory requirements.
• Oversee preparation for and support of internal and external audits; manage relationships with auditors and key external financial partners as needed.
• Identify and manage financial and operational risks, including project, contract, credit, and compliance risks, implementing mitigation strategies where appropriate.

Team Leadership and Talent Development

• Lead, mentor, and develop talent as a player coach for the small versatile team, including FP&A, accounting, and related support roles, fostering a culture of accountability, collaboration, and continuous improvement.
• Define roles, responsibilities, and priorities within the finance organization to support a growing, evolving product and services portfolio.
• Partner with broader leadership to drive cross-functional alignment, improve processes (e.g., project accounting, revenue recognition, implementation and program tracking), and enable effective decision-making.

Cross-Functional and Operational Support

• Partner with Programs, Implementation, Operations, Product Management, Sales, and Managed Services to ensure financial transparency and discipline across the project and implementation lifecycle.
• Support program and implementation leaders in revenue planning, capacity and resource planning, and profitability analysis for projects and SaaS offerings.
• Contribute to continuous improvement initiatives that enhance forecasting accuracy, project performance, cost management, and customer value.

Qualifications

• Bachelor's degree in Finance, Accounting, or related field; MBA and/or CPA/CMA strongly preferred.
• 10+ years of progressive experience in finance, with at least 5 years in a senior leadership role (Director, VP, or equivalent) in an industrial, manufacturing, or complex technology environment.
• Experience supporting or leading a business unit or P&L of comparable scale $100m-$200m ideally within an industrial, project based and recurring revenue based, or SaaS-enabled business.
• Strong knowledge of GAAP, financial reporting standards, internal controls, contractual terms, and regulatory requirements.
• Demonstrated experience with acquisitions, including due diligence and integration.
• Proven track record of building and leading high-performing finance teams and driving performance improvements.
• Advanced analytical, strategic thinking, and problem-solving skills; comfortable working in a fast-paced, matrixed organization.
• Exceptional communication and interpersonal skills, with the ability to influence and partner effectively with senior leaders, cross-functional teams, and external stakeholders.
• Experience with enterprise financial systems (e.g., JDE or similar) and advanced Excel skills; familiarity with cloud-based tools and project/implementation systems is a plus.

Preferred Experience

• Background in manufacturing plus exposure to SaaS or recurring revenue models (e.g., fare collection, payments, or transportation-related technology).
• Prior involvement in mergers and acquisitions, including financial modeling and post-close integration of systems and processes.
• Experience working with or supporting program management, implementation, and managed services functions in a complex solution environment.

The compensation information that follows is a reasonable estimate for the position and is provided pursuant to legal requirements in this state.   The salary estimate provided represents the typical salary range for the position, and other factors may be used to determine the successful candidate's actual salary, including skill set, experience, training, education, organizational needs, internal equity, market data, and geographic zone.   The estimated salary range for this position is: $170,000 - $230,000   At SPX, it is not common for individuals to be hired at the higher end of the range, and compensation decisions depend on a variety of factors.   This role is eligible to participate in a discretionary bonus plan, subject to the rules governing the plan.  SPX offers a variety of benefits, including health benefits, 401k retirement with a company match, and flexible time off.   More information about our benefits can be found on the "Rewards and Benefits" section of the career page.

How we live our culture

Our culture is at the center of what we do and, more importantly, who we are.  Our core values set a standard for how we manage ourselves, and our Leadership Model sets the standard for how we engage with each other.  Whether you are an individual contributor or you lead a large team, each of us leads at SPX.  

What benefits do we offer?

We know that the well-being of our employees is integral. Our benefits include:

• Generous and flexible paid time off including paid personal time off, caregiver, parental, and volunteer leave
• Competitive health insurance plans and 401(k) match, with benefits starting day one
• Competitive and performance-based compensation packages and bonus plans
• Educational assistance, leadership development programs, and recognition programs  

Our commitment to embrace diversity to build a culture of inclusion at SPX

We value different backgrounds, experiences, and voices at SPX, and we are committed to challenging ourselves, openly communicating, and striving to improve every day.  We believe in creating an inclusive work environment where everyone has a voice and is encouraged to realize their fullest potential. 

SPX is an affirmative action and equal opportunity employer committed to making selection decisions without regard to race, color, religion, sex, sexual orientation or identity, national origin, age, disability, veteran status, or any other legally protected basis.