NA Finance Manager - Inventory
McCormick & Co., Inc., a world leader in the spice, flavor & seasonings industry, is seeking a full-time Finance Manager for our North American Business Performance and Insights Team. This new hire will work in McCormick's US Consumer Products Division, located at 211 Schilling Circle in Hunt Valley, MD. The Finance Manager- North America, Inventory will report to the Sr. Finance Director - North America Business Performance and Insights.With more than $4 billion in annual sales, the Company manufactures markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry - retail outlets, food manufacturers and foodservice businesses. We create differentiating flavors consumers prefer with unmatched quality, science, innovation and service. Every day, no matter where or what you eat, you can enjoy food flavored by McCormick. McCormick brings passion to flavor (TM) ! As a company recognized for exceptional commitment to employees, McCormick offers a wide variety of benefits, programs and services. Benefits include, but are not limited to, tuition assistance, medical, dental, vision, disability, group life insurance, 401(k), profit sharing, paid holidays and vacations.POSITION OVERVIEWUnder the general supervision of the Sr. Finance Director, this position is responsible for leading a team in providing financial reporting, analysis, forecasting, budgeting and support for Inventories, as well as losses due to Scrap and Shrinkage for all North America business units, presenting to management potential risks of inventory loss and the adequacy of current inventory reserves, coordinating physical inventory counts for NA locations as required, and managing all associated internal controls.RESPONSIBILITIESFinancial inventory reporting and analysis including communication of variances, trends and associated explanations, as well as impacts and changes to days in inventoryLeads forecasting and budgeting processes for inventory and scrap and shrinkage lossPartners with North America Materials Management to assess inventory at risk as it compares to current inventory reserves, providing explanation of issues, trends and changes, and makes recommendations to management regarding adjusting reserve balances.Manages all SOX controls related to inventory account balances, counts, reconciliations and reserve analysisCoordination, observation and audits of physical inventory counts as needed.Supervise a staff of two Financial AnalystsREQUIRED QUALIFICATIONSBachelor's Degree in Accounting or Finance8+ years of financial analysis, cost accounting or planning experienceStrong proficiency with ExcelCritical thinking skills and ability to problem solve using creative solutionsGood communication and interpersonal skills are critical. Ideal candidate will have a strong customer-service focus, and the ability to evaluate/consolidate complex information into concise, actionable insights for senior leadership.PREFERRED QUALIFICATIONSMBA and/or CPASupervisory experienceSolid working knowledge of other PC-based tools, including Word and PowerPointHands on experience with financial systems, especially SAP, BW, TM1, HFM/Hyperion and other OLAP systemsExperience analyzing, reporting, forecasting and budging both P&L and Balance Sheet accounts.Familiarity with cash-related financial concepts including working capital, cash conversion and days in inventoryExperience participating on cross functional projects, supporting finance initiativesMcCormick & Company is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.