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McCormick & Company, Inc., a global leader in the spice, flavor, and seasonings industry, is seeking a full-time Procurement Finance Director to support our North America procurement operations. The Procurement Finance Director will report to the Global Procurement Finance Director. The position will be based at McCormick’s global headquarters in Hunt Valley, MD and will be eligible to participate in our hybrid work program (50% onsite and 50% remote per month).
McCormick & Company, Incorporated is a global leader in flavor with approximately 13,000 employees worldwide. As a Fortune 500 company with over $6.3 billion in annual sales across 160 countries and territories, we manufacture, market, and distribute spices, seasoning mixes, condiments, and other flavorful products to the entire food industry including e-commerce, retail, food manufacturers and foodservice businesses. Our most popular brands include McCormick, French’s, Frank’s RedHot, Stubb’s, OLD BAY, Lawry’s, Zatarain’s, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane, and Gourmet Garden. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick. Our Purpose is “To Stand Together for the Future of Flavor and our Vision is “A World United by Flavor—where healthy, sustainable and delicious go hand in hand.”
As a company recognized for its 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 OVERVIEW:
The North America Procurement Finance Director is the business partner to the North America Procurement Director, driving actionable insights / analytics, driving the CCI and Cash delivery and sound decision making that results in the achievement of the financial objectives of the business. This position will have responsibility for managing the strategic financial planning, annual budgeting, forecasting, cost optimization, monthly and quarterly financial analysis, internal control, departmental expense review and improvement of business processes.
PRIMARY RESPONSIBILITIES:
People & Leadership
Behave in a professional and confidential manner befitting a Finance Director I to ensure “role model” status (both technically & behaviourally) in the Finance & wider McCormick business
Directly manage team to ensure that core skills of accuracy, excel excellence, analysis and “knowing how to get things done” at McCormick are fostered and transferred to others (active participation in developing talent within the finance team)
Use strong influencing skills with other departments to ensure all projects are completed to the best standard.
Develop the team to ensure that all positions have clearly defined roles and responsibilities along with clear objectives.
Carry out regular performance reviews and ensures development plans are in place for all members of the team.
Financial & Performance Reporting
Ensure all reporting and financial procedures are in line with Corporate guidelines and legal requirements.
Lead development of high quality, concise and focused management reports ensuring key information adds value to both SC and commercial audiences.
Ensure Standard Costing & Stock management & reporting is done correctly
Business Planning
Lead the continuous improvement & management of Procurement financial planning process including target setting.
Manage the annual LTP, budget & monthly / quarterly forecast & S&OP processes for North America Procurement.
Participate in Strategy development: providing leadership to within the SC & wider finance team / input into strategic planning process where required.
Capital investment
Evaluate and develop capital investment plans ensuring alignment with business unit strategies.
Ensure robust business case is in place to support all proposals for expenditure. (ROI must meet Corporate expectations)
Business Improvement and Development
Provide financial analysis and commercial input into business improvement initiatives and projects ensuring appropriate levels of performance tracking are in place; this applies to ongoing business improvement and major change project delivery.
Ensure all reporting regarding CCI is as efficient as possible & available to the Director of Cost Optimisation in a timely manner
Business partner with the Procurement Directors to develop and support strategic initiatives
Control & Compliance
Takes accountability for ensuring the control environment within the Supply Chain area is robust and in line with corporate guidelines, SOX and local accounting GAAP.
Proactively manages risk within Supply Chain; identifies business risk and works with colleagues to develop and implement plans to mitigate.
REQUIRED QUALIFICATIONS: Degree in Accounting, Finance or equivalent. CPA or equivalent. Solid progressive financial/accounting experience.
Experience in Supply Chain Finance – Strong proven knowledge of financial accounting standards and supply chain principles/processes (eg. S&OP).
Excellent management skills including the ability to manage cross-unit and cross-function teams including indirect reporting relationships, coupled with the ability to manage multiple deliverables at a time. Solid and successful background in financial reporting and internal control requirements. Ability to identify, manage and implement process improvements. Strong analytical skills and problem solving capabilities. Strong, sustained high performance coupled with the ability to lead people and change effectively. Ability to interact with and build and sustain relationships at all levels. Dynamic self-starter. Positive attitude in stressful situations, ability to resolve conflict and face problems head on.
McCormick & 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.
As a general policy, McCormick does not offer employment visa sponsorships upon hire or in the future.
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