The Company

Vantage Elevator Solutions (“Vantage”) is North America’s leading independent manufacturer of elevator components and systems. Vantage manufactures nearly every electromechanical component found on elevator systems, including door operators, geared and gearless traction machines, universally compatible microprocessor controllers, safety components, signal fixtures, and structural assemblies.

The Company sells its market-leading products across the entire value chain, including to independent elevator contractors (which count on the company for its competitive product offering, ease of installation, strategic pricing, and customer service) and to elevator Original Equipment Manufacturers (which utilize GAL’s products for jobs requiring customization or short lead times). Vantage works closely with elevator engineers, architects, and consultants, who often specify Vantage components.

The company was founded in 1927 by Herbert Glaser in the basement of a small building at 178th Street and Amsterdam Avenue in New York City, manufacturing its own line of gate switches, interlocks, and door operators. The Company grew from being a key local supplier of lift products into the leading industry provider of elevator components and systems. Vantage was acquired in June 2017 from the Glasser family by the private equity firm Golden Gate Capital with the objective of accelerating the growth of the company through implementation of managerial and operational excellence and through complementary, targeted acquisitions. The Company was sold in November of 2021 to Ontario Teacher’s Pension Plan.

With nearly 900 employees and approaching $400 million in sales, Vantage has 8 primary manufacturing, engineering and distribution facilities: in the Bronx, N Y operating under the GAL brand; in Quincy, IL operating under the Hollister-Whitney Elevator brand; in Mississauga, ON under the GAL Canada brand; in St. Louis operating under the Courion freight door brand; in El Monte, CA under the Bore-Max brand; in Sacramento, CA under the Elevator Controls brand; in Seattle, WA under the Vertical Dimensions brand; in Flint, Wales under the Thames Valley Controls brand as well as 5 regional service centers located in strategic metropolitan cities across the U.S.

Culture

While Vantage has an unmatched reputation for quality, engineering expertise, and reliability in delivering first-class products, there is tremendous opportunity to transition the company from family-owned and autonomously controlled businesses into an integrated, professionally managed market-leading elevator systems and solutions provider.

Headquarters: Bronx (New York City), NY

Website: www.vantageelevation.com

Position Description

Reporting to the Chief Financial Officer, the VP of Financial Planning & Analysis (“FP&A”) will work directly with the CFO to provide insightful data and analytics to make more informed business decisions. The incumbent will have responsibility for continuing to build out the FP&A function and leading and developing a highly functioning team with 2 direct reports. They will have ownership over all aspects of customer pricing and fees, forecasting, the annual operating plan, order/sales analytics, financial variance analysis, costing analysis and adhoc requests. They will partner with key stakeholders in identifying potential areas of focus and analysis with the goal of growing both top and bottom-line results and improving EBITDA margin.

The VP of FP&A must be able to roll up his or her sleeves and get into the details, while also having the poise to contribute at the internal management leadership level and with the financial sponsor. They will supervise 2 direct reports and provide guidance and analysis across the entire finance function.

Position location: Bronx (New York City), NY

Hybrid workplace: While Vantage continues to evolve its Hybrid Workplace strategy, this position would be expected to attend to Vantage’s office 3 days/week.

Key Accountabilities

• Works with the Vantage Leadership Team (“VLT”) to make customer pricing and fees recommendations, provide pricing and fee analytics, lead discussions on commercial terms and update systems for enacted price increases.
• Ensures reporting that are feasible and visually explains actual outcomes vs. budget and forecast and that is aligned with strategic objectives.
• Leads the financial planning and analysis activities, including timely analysis of actual versus budget and forecast performance.
• Directs the annual budget process as well as all periodic forecast processes.
• Monitors monthly operating results; identify trends and directions, anomalies or opportunities; ensures that operating management is aware of issues and opportunities with feedforward control.
• Provides analysis to identify opportunities for improvement in operating profitability (cost reduction) and working capital management and develop future operational and strategic initiatives.
• Develop financial models and Business Intelligence Tools to support strategic initiatives
• Support upgrades to critical business systems, including CPQ (quoting tool) and ERP
• Coordinates the development and implementation of common processes to achieve improvements in efficiency and quality.
• Periodically assesses areas and degree of risk related to the achievement of financial budgets and forecasts; keeps business leaders advised of this.
• Ensures consistency and compliance with the guidelines established by senior management.
• Generates reporting that adjusts to a “like-for-like” basis with regard to foreign exchange impact and divestitures/acquisitions.
• Works with operating management to improve financial performance as measured by key financial metrics (e.g. DSO, DIO, DPO, ROCE, etc.)
• Identifies and provides training in financial or budget matters as required, to ensure that the financial information available is properly interpreted and effectively utilized to maximize performance/profit objectives.
• Assist in the analysis of financial data/proposals relating to the potential acquisition of outside companies and provides management with relevant financial analysis of the potential acquisitions

Required Skills and Attributes:

• Excellent and proven analytical and math skills including financial modeling
• Strong attention to detail
• Strong communication and organizational skills
• Demonstrated ability to define, analyze, research, and communicate issues
• Ability to handle multiple projects and tasks, and to prioritize tasks, in a fast-paced environment
• Proficient with Microsoft Word, PowerPoint, and advanced Excel, including experience with complex/compound spreadsheets
• Ability to think creatively, highly driven and self-motivated
• Ability to work independently and as a part of a team
• Proven ability to interface with senior management and peers

Qualifications:

• Bachelor’s degree in Finance, Accounting, Business, Economics, or related field required
• MBA required