Financial Manager Patrick Yarns

Coats Kings Mountain , NC 28086

Posted 1 week ago

Opportunity: Financial Manager Patrick Yarns

Location: Kings Mountain, North Carolina

Role Purpose:

  • Reporting within Coats system on EBIT, cash flow (OCF), net working capital, and return on investment.

  • Directly involved in reporting debtors and creditors.

  • Coordinate finance and accounting duties, and develop financial reporting system that reflects each department's real operating performance.

  • Audit physical inventories and expenses, and keep record of fixed assets transactions.

  • Develop role of finance business partner of Patrick Yarns.

Key Accountabilities:

Plans and forecasts

  • Coordinate creation of accurate medium term plans, annual plans, and forecasts in line with business strategy.

  • Assist in detailed financial plans (sales, EBIT, NWC, OCF, Capex), bridges, and commentaries in a timely manner.


  • Prepare a Coats formatted month-end closing reports of actual performance against plan and forecast on all financial parameters.

  • Submit detailed monthly and YTD financial reports and commentary as per Group Finance policy every month on time, and respond to all queries relating to FP&A and other financial matters on on-going basis.

  • Prepare business financial pack including plant operating statements, variance vs plan, supplementary bridges, etc for submission to Coats Business Consolidation System.

  • Assist in closing financial books to conform to all external audit guidelines.

Analysis and Performance Management

  • Develop key performance indicators and metrics that are consistent with business goals and objectives.

  • Provide financial analysis, data, and trends to business partners at monthly meetings to identify improvement areas. including cost control, inventory control, productivity improvement, price and margins, customer collections, & dormancy.

  • Lead and control annual standard cost process to establish credible base for plant operating performance.


  • Ensure stringent compliance to all company policies.

  • Ensure appropriate provisions for inventories, receivables, and other assets as per Group policy.

  • Control over expenses, depreciation and impairment of fixed assets, general ledger and GR/IR reconciliations, royalties.

  • Coordinate with Cluster BP on Treasury, Tax, bank reconciliation, pension, reorganization, capex, risk management


  • Strive to achieve complete compliance during Internal Audit reviews. Ensure all GIA issues are resolved on time.

  • Cooperate with Cluster BP to ensure all policies are being in strict compliance.

  • Assume complete accountability for successful completion of External Audits every year.

  • Employee Engagement

  • Lead, train, and motivate PYM team to deliver exceptional financial performance and teamwork.

  • Be a true business partner for Patrick Yarns

Education, Qualifications & Experience:


  • Professional cost accounting qualifications or equivalent experience working within manufacturing cost.
  • SAP experience.


Masters in Finance.

Apply now

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