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Supply Chain Finance Business Partner

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McCormick & Company

25d ago

  • Job
    Full-time
    Senior Level
  • Business, Operations & Strategy

AI generated summary

  • You need a degree in Accounting, Business, or Finance, 8+ years in financial analysis, supply chain experience, strong analytical and Excel skills, and proficiency in SAP. Leadership and communication are key.
  • You will analyze financial variances, ensure SOX compliance, support procurement and commercial teams, and streamline financial reporting and forecasting processes.

Requirements

  • Bachelor’s degree in Accounting, Business, or Finance
  • Previous supply chain experience.
  • Demonstrate knowledge of ABC (activity based costings)
  • 8+ years of experience in accounting and financial analysis is required.
  • Experience in manufacturing environment is required.
  • Experience of Finance Business Partnering in previous roles.
  • Personal leadership skills, with proven ability to build, influence and sustain relationships at all levels of the organisation.
  • Working knowledge of a fully integrated financial/ERP system essential (SAP preferred).
  • Strong analytical skills
  • Able to handle complexity and achieve results.
  • Ability to work to tight deadlines.
  • Excellent written and verbal communication skills.
  • Advanced Excel skills.

Responsibilities

  • Independently, be able to research, link to root cause drivers, explain and suggest corrective action for financial variances between current results, prior year, forecast and budget. Distinguish and quantify volume and rate impact in analysis, and, independently, communicate analysis to senior local and regional management.
  • Without direction, differentiate material versus immaterial variances, analyse and reconcile balances on the income statement and balance sheet, as applicable, identifying the pertinent focus areas and communicate, effectively and clearly, to local and regional management. Understand the progression of variances through the balance sheet to the income statement. Understand the key ratios as applicable (e.g. ITO, DSO, DPO, CTC, EVA and McCormick Profit) and the components that comprise each metric.
  • Maintains an effective control environment and SOX compliance. Able to identify areas of potential control weakness, suggest and implement solutions to minimize risk.
  • Planning, identifying, gathering and organizing data to create forward looking financial information for multiple segments of the local business, with a detail knowledge of the basis used to create the information including the sources, methods, activities and drivers used and understanding the financial planning processes (budgeting and forecasting activities and strategic plan, as applicable). Detailed knowledge of how the information fits in with the local business units as well as the business unit’s impact on the Company.
  • Providing financial support for the evaluation of an identified opportunity or issue (e.g. CCI initiative, investment return, balancing cost with performance and impact of operational decisions).
  • Acting as Business Partner to Procurement and Commercial teams helping achieve targets on Sourcing x Functional CCI, Cash Release, and Supporting Pricing negotiations with Customers. Implement and streamline process of Hidden FX management. Drive, improve and own PPV reporting and analysis throughout Actuals, Forecasts and Budget (TM1/SAP). Implement and conduct regular PPV SOX Controls using as basis current process being performed in other countries of EMEA Region. Support Procurement teams in potential claims with suppliers.

FAQs

What is the job title for this position?

The job title is Supply Chain Finance Business Partner.

Where is this position located?

This position is located in Midrand, South Africa.

What are the main responsibilities of the Supply Chain Finance Business Partner?

The main responsibilities include analyzing financial variances, maintaining SOX compliance, providing financial support for business evaluations, and acting as a business partner to procurement and commercial teams among others.

What qualifications are required for this position?

A Bachelor's degree in Accounting, Business, or Finance, along with 8+ years of experience in accounting and financial analysis, and previous supply chain experience are required.

Is experience in a manufacturing environment mandatory?

Yes, experience in a manufacturing environment is required for this position.

What skills are essential for the Supply Chain Finance Business Partner role?

Essential skills include strong analytical skills, advanced Excel skills, personal leadership skills, and the ability to handle complexity and achieve results.

Does this role require knowledge of specific financial systems?

Yes, a working knowledge of a fully integrated financial/ERP system, preferably SAP, is essential.

Will I need to communicate with senior management?

Yes, you will need to independently communicate analysis and findings to senior local and regional management.

Is there a focus on compliance in this role?

Yes, maintaining an effective control environment and SOX compliance is a critical responsibility of this position.

What kind of analysis will be expected in this role?

The role requires analyzing financial variances, understanding key ratios, and reconciling balances on the income statement and balance sheet.

Do we support further education and career development?

Yes, the company is committed to supporting the ongoing education and career development of its employees.

Are strong written and verbal communication skills important for this position?

Yes, excellent written and verbal communication skills are essential for effectively conveying information and analysis to management.

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McCormick & Company

Manufacturing & Electronics
Industry
10,001+
Employees
1889
Founded Year

Mission & Purpose

McCormick Corporation is a global leader in the flavour and seasoning industry. They manufacture, market, and distribute a wide range of spices, herbs, condiments, and flavourings for both consumer and industrial markets. McCormick's ultimate mission is to bring the joy of flavour to people's lives, enhancing the taste of food and beverages worldwide. Their purpose lies in creating and delivering high-quality, innovative, and flavourful products that inspire chefs, home cooks, and food enthusiasts to create delicious and memorable culinary experiences. With a commitment to sustainability and responsible sourcing, McCormick aims to support the food industry, drive culinary excellence, and enrich the lives of consumers by celebrating the diverse and delectable world of flavours and aromas.

Culture & Values

  • Passion For Flavor

    Flavor is the heart of everything we do. Flavor expertise and insights that propel the food industry. Inspiring great tasting healthy choices.

  • Power Of People

    Unwavering commitment to our people-first high-performance culture. Respect and value every person. Enbody 2-for-1 spirit.

  • Taste you Trust

    Relentless focus on quality from source to table. Unmatched track record in safety and integrity. Transparency in what we do, make and say

  • Driven to Innovate

    Continuous reinvention of our businesses. Innovation is everyone's responsibility. Leading the pursuit of what's next in flavor.

  • Purpose-led Performance

    Deliver industry-leading financial performance. Responsibility to the long-term vitality of people, communities and planet. Do what's right.