Opportunity: Financial Manager Patrick Yarns
Location: Kings Mountain, North Carolina
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.
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.
Lead, train, and motivate PYM team to deliver exceptional financial performance and teamwork.
Be a true business partner for Patrick Yarns
Education, Qualifications & Experience:
Masters in Finance.