To develop, analyze, control and ensure the Division meets its budgets/LE projections. Direct and supervise the activities of the Finance department. Provide appropriate reporting and analysis to all departments to assist in decision making, and also to SAC Corporate and HQ. Ensure that division meets inventory goals with minimal obsolescence. Approve orders of promotional materials to factories. Manage cost of goods in line with gross margin targets as well as departmental expense budgets. Provide accurate and timely analytical data to teams including usage of promotional material, profitability by door, etc. Establish proper procedures, internal controls and tests to ensure we are in conformity with them.
Eligibility Criteria
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Planning: Prepare the annual and 3 year business plans of the Division by Channel and Brand. Direct preparation of budget by each department in line with business plans. Work with SVP Sales Operations and Corporate planning department on an ongoing basis to ensure availability of products based on shipment forecasts. Supervise timely creation of P&L forecasts. Manage headcount for SCA division including bonus accrual. Closely manage promotional inventory and forecast balance monthly.
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Sales Targets: Support the sales and marketing groups by providing analysis of profitability other decision making analysis. Work with SVP, Sales Operations to ensure meeting of Sales and productivity goals.
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Ensuring Profits: Responsible for ensuring the Divisions achieve their operating profit goals. Report monthly PL and analyze variances in detail from budgets/estimates. Lead projects to improve profitability. Propose cost reductions/changes as needed and work with all departments to implement them. Review risks and opportunities with SVP, Finance on a monthly basis.
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New Business Development: Analyze and approve new business channels or customers based on budgets and other benchmarks.
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Quality and Productivity: Improve the efficiency of information flow in a timely manner to enable all departments to make meaningful decisions.
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Customers & Other External Relationships: Coordinate with other service providers (including auditors, tax accountants etc.) to ensure business goals/needs are being
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Environmental & Social Responsibilities: Ensure compliance with legal and contractual requirements, as well as internal policies and procedures.
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Human Resources Development: Mentor and train personnel in Accounts & Finance function. Create a goal oriented and team building environment. Encourage staff to enhance skills and knowledge.
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Building Organizational Strength: Assist in establishing and supporting appropriate organization structure based on business plans. Work closely with all department heads to ensure their plans reflect the organization's plans.
Education & Experience Requirement
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Advanced degree in Accounting, Business, Finance, or a related field.
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7+ years of relevant experience, of which 3+ years in supervisory roles.
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Practical knowledge of financial forecasting/analysis, PL/BS review, budgeting.
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Superior Mathematical skills
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Professional qualification such as CFA/CPA or similar will be considered a plus
Industry Details
- Industry: Telecom/Smart Consumer Electronics
- Department: Accounts & Finance
- Role: Accounts & Finance Manager
- Employment Status: Full time
