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Assistant Controller

HUNT VALLEY, MD, US, 21031

McCormick & Company, Inc., a world leader in the spice, flavor and seasonings industry, is seeking a full time Assistant Controller. This new hire will work at McCormick's Global Headquarters, located in Hunt Valley, MD. The Assistant Controller  will report to the VP & Assistant Chief Accounting Officer.  

With more than $4 billion in annual sales, the Company manufactures markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry - retail outlets, food manufacturers and foodservice businesses. We create differentiating flavors consumers prefer with unmatched quality, science, innovation and service. Every day, no matter where or what you eat, you can enjoy food flavored by McCormick. McCormick makes every moment and meal better

As a company recognized for exceptional commitment to employees, McCormick offers a wide variety of benefits, programs and services. Benefits include, but are not limited to, tuition assistance, medical, dental, vision, disability, group life insurance, 401(k), profit sharing, paid holidays and vacations.

POSITION OVERVIEW:
Role is responsible for providing direction, oversight and ensuring compliance to all financial aspects of SEC reporting; establishing appropriate processes and procedures to ensure all financial statements are in conformity with US GAAP. Proactively monitor and implement new accounting standards, and interpretation of existing accounting standards with respect to complex accounting transactions encountered by its various business units and related financial reporting. Function as Corporate accounting liaison for potential and consummated acquisitions, including review of purchase accounting drafts and due diligence materials to identify potential accounting issues, and for consummated deals, advise business units regarding preparation and recording of opening balance sheets and purchase price adjustments, work with valuation firms to determine fair values of acquired businesses, including valuation of identified intangible assets within one-year purchase accounting window, and prepare related external reporting. Member of Reporting Review Committee (disclosure controls and procedures) and SOX Governance Committee (evaluating internal control design including report on internal controls and ensure compliance with Sarbanes-Oxley Act).

RESPONSIBILITIES:

  •  Establish and maintain appropriate systems and processes to ensure all financial statements are in conformity with US GAAP.  Proactively monitor and implement new accounting pronouncements on a global basis in the most cost effective manner.  For new standards impacting MKC, determine implementation timetable, activities and responsible parties and prepare MKC-wide communication/education. Coordinate and monitor implementation actions throughout MKC, including impact on business units, information technology, investor relations, debt covenant compliance, and tax and legal ramifications. Prepare related financial statement disclosures as well as periodic status reporting to MKC management, external auditors, and (potentially) Audit Committee.
  •  Function as Corporate accounting liaison for acquisitions, including review of purchase accounting drafts and due diligence materials to identify potential accounting issues, advise business units regarding preparation of opening balance sheets, work with external valuation firms to determine fair values of acquisitions, including valuation of identified intangible assets.  Prepare related financial statement disclosures.
  • Interpret existing accounting standards with respect to complex accounting transactions encountered by MKC's various business units, including timely written documentation of conclusions and obtaining concurrence from MKC's registered independent accounting firm. If applicable, prepare related financial statement disclosures.
  • Provide direction, oversight and ensures compliance to all of the company's financial aspects of SEC reporting.
  • Ensure that MKC accounting policies and procedures are kept up to date in response to evolving business developments and the impact of newly adopted accounting standards.
  • Ensure compliance with Controllership SOX controls.  Also, member of GRC governance - evaluation of and interation with Internal Audit, KPMG and IT - regarding establishing, maintaining, and testing an appropriate system of internal controls designed for both financial reporting and for saf Act. Provide direction and leadership to the annual audit process and serve as chief liaison with the company’s external auditors.
  • Leadership, management and development of professional staff.

 

CANDIDATE PROFILE:

  • Bachelor’s Degree in Accounting, Finance or related field.
  • 18 years + experience of progressive experience in US GAAP accounting and reporting (minimum 5 -8 years public accounting experience required). Experience in a Corporate Controllership leadership role in a multi-national public company required. Experience in the consumer products industry is a plus.
  • In depth knowledge of GAAP and SEC financial reporting regulations/requirements. Experience regarding matters such as derivative, pension and post-retirement and income tax accounting is a plus.
  • In depth knowledge and  experience in dealing with global operations and in preparation of multinational financial statements.In depth knowledge of the design and operation of a system of internal controls.
  • Demonstrated expertise in researching, applying and documenting compliance with complex technical accounting standards, including emerging standards, and obtaining concurrence of external auditors.
  • Ability to clearly and concisely communicate complex accounting standards and their impact upon McCormick to finance and non finance stakeholders.
  • Ability to operate in a global environment and  lead cross-functional teams to implement new accounting standards or resolve existing, complex transactional or emerging accounting issues.
  • Superior problem-solving, strategic thinking and ability to handle complexity.
  • Ability to influence others by virtue of technical abilities and past experience.
  • Ability to work across functions and cultures.
  • Excellent communication and interpersonal skills.
  • Ability to rapidly distill complex information and transform it into a concise and readily understandable message at all levels.
  • Ability to influence without direct authority.
  • Demonstrate highest ethical standards.

 

#LI-KR1

 

McCormick & Company is an equal opportunity/affirmative action employer.  All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.

 

As a general policy, McCormick does not offer employment visa sponsorships upon hire or in the future. 

WHY WORK AT MCCORMICK?

United by flavor. Driven by results.

As a McCormick employee you’ll be empowered to focus on more than your individual responsibilities. You’ll have the opportunity to be part of something bigger than yourself—to have a say in where the company is going and how it’s growing.

Between our passion for flavor, our 130-year history of leadership and integrity, the competitive and comprehensive benefits we offer, and our culture, which is built on respect and opportunities for growth, there are many reasons to join us at McCormick.


Nearest Major Market: Baltimore