Global Process Lead of a team that is responsible for the intercompany Profit in Inventory (Markup) balance on the Company's consolidated financial statements.
Responsible for leading a team to improve the current global Markup accounting process through efficiencies and standardization.
Leader of a team that designs, implements, and operates the standardized global Markup process. Collaborates with leadership from other functions (e.g., Tax, Global Manufacturing & Supply, IT, Internal Audit, etc.) to ensure coordination, effectiveness, and control of the end-to-end global Markup process.
Identify and implement process and system improvements for ongoing enhancement to the global Markup accounting process.
Profit in Inventory (Markup) reporting and accuracy:
Serve as the global process expert for the end-to-end Markup process and provide governance and oversight to ensure accuracy of the figures reported on a monthly close and quarterly reporting basis.
Design and operate policies, workflows, and other processes to ensure timely and accurate updates to key data that impacts Markup calculations.
Lead the Markup team in the execution of monthly close processes related to Markup, including execution of Markup calculations, analyses, validations, reconciliations, and other controls; review and approve Markup accounting entries for the preparation of consolidated financials.
Participate in the development and execution of ongoing training required for the Markup system/process with specific focus on Price/Cost maintenance and Inventory submissions.
Ensure audit requirements are complete and met in a timely manner.
Take a leadership role in strategic projects balancing short-term and long-term goals, driving value creation, and understanding implications of deployment. Align and influence key stakeholders.
Design and operate internal controls for the global Markup process.
Global Markup process execution and continuous improvement:
Lead the Markup team in the design, implementation, and operation of standardized processes for Markup.
Design and implement protocols to ensure quality of master data related to Markup (e.g., Transfer Prices, Financial Tradeflows, Standard Costs, Unit of Measure, Currency, etc.).
Establish protocols to ensure visibility of end-to-end global financial tradeflows for each SKU, including timely updates based on business changes.
Collaborate with leaders from other functions to design and operate standardized processes for Markup-related activities.
Engage leaders across functions and manage stakeholder requirements for Markup; establish dotted-line reporting relationships across functions, as needed, to ensure effective and efficient operation of Markup processes.
Strive to continuously identify areas of improvement throughout the end-to-end Markup process, including cross-functional handoffs, master data controls, reporting transparency, etc.
Establish and manage standard policies and procedures that comply with corporate governance requirements, local regulatory requirements, and organizational compliance.
Qualifications (Training, Education &Prior Experience):
Minimum 12 years of diversified experience in an accounting and financial reporting capacity within a large multi-national company with leadership experience running a team and collaborating across functions including accounting, finance, tax, and intercompany.
Bachelor's degree in Finance or Accounting required.
CPA and/or MBA preferred.
Proven people leader with demonstrated ability to develop and grow capability in individuals and teams. Minimum 10 years of management experience as well as experience working across multiple levels of an organization (including C-Suite).
Strong analytical skills with strong proficiency of GAAP and markup accounting, transfer pricing, and financial consolidation processes.
Experience designing and implementing new processes or process improvements that require alignment across functions and engagement of colleagues who operate globally.
Strong written and oral communication skills to communicate complex financial and process-related information across multiple functional teams and regions. The ability to work cross functionally to both collaborate and drive change / process improvement and demonstrated experience doing so.
Experience in financial system implementation a plus.
Ability to conduct training sessions with complex financial and process-related information to key stakeholders (including executive level), and engage with business partners in a global setting effectively.
Demonstrated success and commitment to the ongoing development of talent including active coaching and mentoring of key colleagues.
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