Supply Services Finance Manager (Parsippany, NJ, US, 07054)

Supply Services Finance Manager (Parsippany, NJ, US, 07054)

We are Reckitt

Home to the world's best loved and trusted hygiene, health, and nutrition brands. Our purpose defines why we exist: to protect, heal and nurture in the relentless pursuit of a cleaner, healthier world. We are a global team united by this purpose.

Join us in our fight to make access to the highest quality hygiene, wellness, and nourishment a right and not a privilege.

​Finance​

Our Finance team is not just another department; we're strategic partners and catalysts for change, who use our expertise to drive sustainable growth and create and protect value for Reckitt.

With a strong emphasis on cross-functional collaboration and partnership, our inclusive, diverse and energized team breaks down traditional barriers, enabling you to thrive in a dynamic environment where you and your ideas matter.

From leveraging insights and analysis to make data-driven decisions - to spearheading sustainable business practices that contribute to consistent and reliable business growth - we are unwaveringly passionate about making a meaningful impact, and always doing the right thing.

About the role

The Supply Services Finance Manager reports to the North America Supply Finance Director for Mead Johnson Nutrition. The role owns and drives the Supply Services P&L for the USA business encompassing logistics costs (freight and warehousing), inventory write-offs, other commercial COGS, supply services CFCs and commercial inventory. The role partners closely with the Supply Services (SS) organization (i.e. Logistics, Demand and Supply Planning teams) to drive the SS agenda. Main stakeholders include North America (NA) Supply FP&A team, NA Commercial Finance team and NA Controlling team. The key deliverables for the role encompass oversight of supply services costs and inventory, defining and implementing strong control and compliance frameworks, driving accounting and reporting, owning and socializing the story on SS financial performance and providing key insights to stakeholders, identifying and managing the risks and opportunities for the SS area, driving the productivity agenda with SS team, leading the financial planning and forecasting cycles for SS costs, acting as contact point for Controlling and Audit teams for SS area, building a robust governance cadence with SS function and developing a high performance team under them in SS Finance reporting.

Your responsibilities

• Work directly with the NA Supply Finance Director, MJN to formulate and align the top-down financial targets to the Supply Services organization, ensuring that key business growth rates and cost objectives are met during this process.
• Lead the annual plan, quarterly forecast, monthly LV process and long-term strategy plans with the Supply Services organization to roll up the financials (freight, warehousing, finished goods write-offs, other commercial cogs, SS CFC & inventory) basis operations input. Review, analyze and draw insights and prepare and present relevant analysis / decks during the formal review process.
• Drive the month-end close process for supply services costs ensuring completeness and accuracy of the financial numbers. Prepare required analysis and link the trends of Key Performance Indicators (KPIs) to the financial results, especially relating to operational and financial metrics such as cost per case (warehouse, freight in, freight out), OOT, TL (LTL + TL), Headcount (WH), picking profile, OT etc.
• End to End Inventory: Provide support for monthly Integrated Business Plan (IBP) cycles on financial aspects assessing results vs. key KPIs like inventory WOC (weeks of cover), NWC targets as well as obsolescence and write-off risks. Prepare & present Supply Finance deck for monthly MBR (Management Business Review) cycles highlighting potential risks vs. KPIs and proposing solutions to the leadership team to mitigate them.
• Maintain inventory controls based on Reckitt Financial Controls Framework (RFCF). Accounting for monthly Inventory Provisions based on Group Company Policies, liaising with the Supply and Demand Planning team.
• Support on any capital projects in Supply Services area including financial evaluation and computation of NPV, IRR & Payback for new project proposals. Periodic reviews on approved projects to ensure execution of project is going per agreed timelines and budget. Post-evaluation of capex projects as required.
• Manage the end-to-end export x-charge process for logistics costs: Working closely with the US Exports team as well as finance teams in recipient markets to build a robust cost projection of export costs (freight, WH, Exports team S&B and expenses) during annual plan and quarterly forecast cycles and timely communicate the same to markets to build in their financial plans. Lead the quarterly X-charge NPS process to ensure timely and accurate charge of relevant export costs to other markets.
• Keep abreast of the latest developments in the supply services operations and identify and socialize upcoming risks and opportunities to relevant stakeholders from time to time as also working closely with SS team to find mitigation opportunities for risks.
• Support on various ad-hoc analysis and deep-dives as per organization’s needs to support decision process.
• Acting as key member of the supply services leadership team to drive cost and productivity agenda. Act as the conscious keeper of the SS team.
• Provide exceptional level of support and work closely with all Finance teams and business partners during month-end close, forecast, and plan cycles.
• Full accountability on balance sheet reconciliations as well as maintaining proper controls according to Group Policies.
• Support on internal and external audits covering supply services areas.
• Create and maintain month-end procedural documentation around ERP’s and reporting systems.
• Drive special projects, as needed.
• Develop and maintain a high performing SS Finance team to efficiently and effectively drive the financial and controls agenda on SS costs.

The experience we're looking for

• Finance graduate or specialized finance qualification (MBA, CPA etc.)
• 6-8 years’ work experience within Finance / Accounting function preferably CPG or Pharma industries
• Experience in operational and financial planning tools (SAC, Kinaxis, Anaplan, Celonis, MDG etc.) and reporting tools (Hyperion Financial Management, Fusion, SAP, Power BI, Power Apps, OAS etc.)
• Excellent knowledge of accounting concepts, controls frameworks, financial planning and reporting.
• Excellent oral and written communication and presentation skills
• Interpersonal and entrepreneurial skills to allow for mutual understanding of problems and development of pragmatic solutions
• Ability to make and influence decisions, multi-task and prioritize assignments; demonstrates a voice of reason and has organizational savvy
• Experience in managing and leading a team
• Possess drive for results and is an initiative taker; ability to independently drive agenda
• Proficient in working in a matrix organization with people from multi-cultural backgrounds
• Experience as a project team member on system implementation/upgrades is an added plus
• This role is not currently sponsoring visas or considering international movement at this time

#LI-Hybrid

The skills for success

Business Acumen, Investment Analysis, Budgeting & Forecasting, Project Management, Improve business processes, Accounting principles, Financial Reporting, Internal controls, Financial analysis and reporting, Stakeholder engagement and influence, Strategic thinking, Risk management, Relationship management.

What we offer

With inclusion at the heart of everything we do, working alongside our four global Employee Resource Groups, we support our people at every step of their career journey, helping them to succeed in their own individual way.

We invest in the wellbeing of our people through parental benefits, an Employee Assistance Program to promote mental health, and life insurance for all employees globally. We have a range of other benefits in line with the local market. Through our global share plans we offer the opportunity to save and share in Reckitt's potential future successes. For eligible roles, we also offer short-term incentives to recognize, appreciate and reward your work for delivering outstanding results. You will be rewarded in line with Reckitt's pay for performance philosophy.

US salary ranges

USD $131,000.00 - $197,000.00

US pay transparency

The base salary range for this role will vary based on experience in job and industry, training and education, skills relevant to the position, and other factors permitted by law. In addition to the base salary, the position is eligible for an annual discretionary bonus, which is subject to change each year.

Reckitt offers eligible employees competitive benefits including medical, prescription, dental, vision, and life and disability insurance; paid time off for vacation, sick and Company recognized holidays; a 401(k) plan; 16-week paid parental leave or 26 weeks for the birthing parent; adoption and fertility support; tuition reimbursement; discounts; and much more. Our compensation and benefits packages aim to give our talent the reward, protection, and peace of mind they deserve.

If reasonable accommodation is needed to complete your application, please contact [email protected]. Reckitt is committed to the full inclusion of all qualified individuals.

Equality

We recognize that in real life, great people don't always 'tick all the boxes'. That's why we hire for potential as well as experience. Even if you don't meet every point on the job description, if this role and our company feels like a good fit for you, we still want to hear from you.

All qualified applicants will receive consideration for employment without regard to age, disability or medical condition; color, ethnicity, race, citizenship, and national origin; religion, faith; pregnancy, family status and caring responsibilities; sexual orientation; sex, gender identity, gender expression, and transgender identity; protected veteran status; size or any other basis protected by appropriate law.