Finance Manager I - Services

Posted Yesterday
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St. Louis Park, MN, USA
In-Office
89K-166K Annually
Senior level
Hardware • Information Technology • Energy • Design • Utilities • Industrial • Renewable Energy
At nVent, we connect and protect our customers with inventive electrical solutions.
The Role
Lead the financial buildout for a new Services business: create models for costing, pricing, quoting, and profitability; implement quote-to-cash systems; establish KPIs and forecasting; partner with Sales, IT, and leadership to drive margin integrity and scalable processes.
Summary Generated by Built In

We’re looking for people who put their innovation to work to advance our success – and their own. Join an organization that ensures a more secure world through connecting and protecting our customers with inventive electrical solutions.

We are expanding our Service business to complement our core product portfolio, including installation, preventative maintenance, and extended warranty offerings. This role will serve as the foundational finance partner, responsible for designing and implementing the financial and commercial backbone of the business—from costing and pricing to quoting, systems, and performance management. This is a high-impact, build-from-scratch role with direct visibility to senior leadership and meaningful influence on long-term growth and profitability. 

WHAT YOU WILL EXPERIENCE IN THIS POSITION: 

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. 

YOU HAVE: 

  • 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. 

WE HAVE:

  • A dynamic global reach with diverse operations around the world that will stretch your abilities, provide plentiful career opportunities, and allow you to make an impact every day

    • nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of systems protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability and innovation.

    • Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE. Learn more at www.nvent.com.

  • Commitment to strengthen communities where our employees live and work

    • We encourage and support the philanthropic activities of our employees worldwide

    • Through our nVent in Action matching program, we provide funds to nonprofit and educational organizations where our employees volunteer or donate money

  • Core values that shape our culture and drive us to deliver the best for our employees and our customers. We’re known for being:

    • Innovative & adaptable

    • Dedicated to absolute integrity

    • Focused on the customer first

    • Respectful and team oriented

    • Optimistic and energizing

    • Accountable for performance

  • Benefits to support the lives of our employees

Pay Transparency
 
nVent’s pay scale is based on the expected range of base pay for this job and the employee’s work location. Employee pay within this range will be based on a combination of factors including knowledge, skills, abilities, experience, education, and performance. Where federal, state, or local minimum wage requirements exist, employee pay will comply.
 
Compensation Range:

$89,300.00 - $165,800.00

Depending on the position offered, employee may be eligible for other forms of compensation, such as annual incentives.

Benefit Overview

At nVent, we value our people and their health and well-being.  We provide a broad benefits package with meaningful programs for eligible full-time employees that includes:

  • 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.

At nVent, we connect and protect our customers with inventive electrical solutions. People are our most valuable asset. Inclusion and diversity means that we celebrate and encourage each other’s authenticity because we understand that uniqueness sparks growth.

#LI-Hybrid
#LI-JJ1

Skills Required

  • Bachelor's degree in Finance, Accounting, Economics, or related field
  • MBA or CFA
  • 8+ years experience in commercial finance, pricing, or business partnering roles
  • Experience with service, aftermarket, or labor-driven business models
  • Experience with CPQ, ERP, and Salesforce systems
  • Strong financial modeling, analytical and forecasting skills
  • Proficiency in financial planning tools, ERP systems and Excel
  • Excellent communication and presentation skills

nVent Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about nVent and has not been reviewed or approved by nVent.

  • Retirement Support Retirement support appears well-developed, including a 401(k) plan with up to a 5% company match administered through Fidelity. Stock ownership opportunities are also offered through an employee stock purchase plan with a matching contribution.
  • Healthcare Strength Healthcare coverage is broad, spanning medical, dental, vision, prescription drug plans, and mental health resources. Additional protection benefits like disability and life/AD&D coverage are also included.
  • Leave & Time Off Breadth Time-off offerings include vacation, separate sick time for hourly employees, floating holidays, and paid volunteer time. Paid parental leave is available for up to six weeks within the first 12 months to bond with a new child.

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The Company
HQ: St Louis Park, MN
10,001 Employees
Year Founded: 2018

What We Do

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of systems protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE. Learn more at www.nvent.com.

Why Work With Us

At nVent, our employees bring bold ideas, are authentic and build the future of a more sustainable and electrified world. Promoting a culture of inclusion is a cornerstone of our strategy and is woven throughout our organization. We believe that diverse perspectives are key to our company’s ability to innovate for our customers and grow.

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