Sr. Procurement Finance Manager - Americas

You may know McCormick as a leader in herbs, spices, seasonings, and condiments – and we’re only getting started. At McCormick, we’re always looking for new people to bring their unique flavor to our team.

McCormick employees – all 14,000 of us across the world – are what makes this company a great place to work.

We are looking to hire a Senior Procurement Finance Manager - Americas immediately in a Hybrid (50/50) capacity at our Global Headquarters in Hunt Valley, Maryland. 

What We Bring To The Table:

The best people deserve the best rewards. In addition to the benefits you’d expect from a global leader (401k, health insurance, paid time off, etc.) we also offer:

• Competitive compensation

• Career growth opportunities

• Flexibility and Support for Diverse Life Stages and Choices

• Wellbeing programs including Physical, Mental and Financial wellness

• Tuition assistance

POSITION SUMMARY

Key business partner to the Vice President Category Procurement, driving actionable insights and analytics, supporting the CCI and Cash delivery, and sound decision making that results in the achievement of the financial objectives of the business.  This position will have responsibility for managing the strategic financial planning, annual budgeting, forecasting, cost optimization, monthly and quarterly financial analysis, and internal control.
Other responsibilities also include ensuring accurate CCI reporting and compliance, supporting critical TM1 implementations, and fulfillment of ad-hoc requests.
This position is also responsible, in conjunction with Operations personnel, for the development and reporting of metrics for internal and external use.  

KEY ROLES & RESPONSIBILITIES
People & Leadership
•    Behave in a professional and confidential manner befitting a Finance Manager  to ensure “role model” status (both technically & behaviorally) in the Finance & wider McCormick business.
•    Support procurement team to ensure that core skills of accuracy, excel excellence, analysis and “knowing how to get things done” at McCormick are fostered and transferred to others.
•    Elaborate and execute a plan to level up the digital capabilities of the team, focusing on performance improvement tools already available for McCormick to drive capacity relief and smart execution of daily tasks.
•    Use strong influencing skills with other departments to ensure all projects are completed to the best standard.

Financial & Performance Reporting 
•    Ensure all reporting and financial procedures are in line with Corporate guidelines and legal requirements. 
•    Lead development of high quality, concise and focused management reports ensuring key information adds value to both SC and commercial audiences.
•    Ensure Standard Costing & Stock management & reporting is done correctly, by proactively connecting the costing teams to review errors throughout the month and implementing solutions that will mitigate those errors in the future. Additionally, collaborating with the Master Data teams to understand common issues and develop an execution plan to enhance data quality, which could affect Standard calculations or inventory accounting. This applies to the current year's costs as well as the forecast costs, ensuring that the TM1 forecast plan accurately reflects prices based on the Price unit of measure and material base unit of measure

Business Planning 

•    Lead the continuous improvement & management of Procurement financial planning process including target setting.
•    Manage the annual LTP, budget & monthly / quarterly forecast & S&OP processes for Global Category Procurement, including the Agenda invites and setting up the expectations for each team on what needs to be done during that cycle. Support the execution of the presentation decks.
•    Participate in Strategy development: providing leadership to within the SC & wider finance team / input into strategic planning process where required.
  
Capital investment
•    Evaluate and develop capital investment plans ensuring alignment with business unit strategies.
•    Coordinate the Capital requests for the procurement team, especially the Packaging teams, when it comes to investing/replacing Molds. Understand and ensure that the direct depreciation hits the material base item in Actuals and forecasts.
•    Ensure robust business case is in place to support all proposals for expenditure. (ROI must meet Corporate expectations)
    
Business Improvement and development
•    Provide financial analysis and commercial input into business improvement initiatives and projects ensuring appropriate levels of performance tracking are in place; this applies to ongoing business improvement and major change project delivery.
•    Conduct month-end reviews with the Procurement Finance financial validators to track validation progress, risks due to CCI attritions/reductions, and address those cases with the respective project leaders and their direct teams managers.
•    Ensure all reporting regarding CCI is as efficient as possible & available to the Director of Cost Optimization in a timely manner
•    Business partner with the Procurement Directors to develop and support strategic initiatives.

Control & Compliance
•    Takes accountability for ensuring the control environment within the Supply Chain area is robust and in line with corporate guidelines, SOX and local accounting GAAP.
•    Review the “PPV versus standard” control report twice a month with the control owner to ensure that errors are corrected within the month period.
•    Support the “PUP versus FIFO” control execution together with the control owner
•    Proactively manages risk within Supply Chain; identifies business risk and works with colleagues to develop and implement plans to mitigate.
 
   
EDUCATION:
Discipline: Finance or Accounting
Minimum level of education required to perform the job: Accounting Qualification and Degree                            

Minimum required certifications required to perform the job: CPA or equivalent
Additional certifications preferred.         

EXPERIENCE:  
8+ years of progressive financial/accounting experience.
3+ years of demonstrated management and supervision experience
3+ years of experience in Supply Chain Finance
Demonstrated solid and successful background in financial reporting and internal control requirements
Demonstrated ability to identify, manage and implement process improvements 
Demonstrated strong analytical skills and problem solving capabilities  
Demonstrated strong, sustained high performance coupled with the ability to lead people and change effectively
Demonstrated ability to interact with and build and sustain relationships at all levels.
Demonstrated dynamic self-starter.
Demonstrated positive attitude in stressful situations, ability to resolve conflict and face problems head on   

BUSINESS EXPERTISE:  
•    Strong proven knowledge of financial accounting standards and supply chain principles/processes (eg. S&OP)
•    Excellent management skills, including the ability to manage cross-unit and cross-function teams, including indirect reporting relationships, coupled with the ability to manage multiple deliverables at a time. 
•    High degree of business/financial acumen with the ability to understand the impact of decisions on other functions and on operating units.
•    Thorough understanding of business, processes, systems, and internal controls
•    Excellent technical aptitude, including extensive experience with Excel spreadsheets, TM1 and Business Warehouse
•    SAP experience across all financial modules is desirable

PROBLEM SOLVING: 
Excellent problem-solving, analytical, and organizational skills 
Proven ability to work collaboratively to resolve issues and work independently using good judgment to solve complex problems
Ability to focus on what is important and prioritize according to business requirements
Ability to know what is needed and where to obtain the information

INTERPERSONAL SKILLS:  
Excellent interaction, relationship management, and customer service skills.  
Excellent negotiation and communication (both oral and written) skills with demonstrated ability to present ideas to and influence others.  The ability to influence at all levels without formal authority is important.
Proven ability to work strategically and operationally.  Able to effectively recognize when hands-on approach needed versus delegating to staff.  Proven ability to lead a team

#LI-CG1

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. 

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Base Salary: $100,870 - $176,480
Base salary compensation will be determined based on factors such as geographic location, skills, education, experience for
this role, and/or internal equity of our current employees as part of any final offer. This position is also eligible to
participate in McCormick’s Incentive Bonus (MIB) Plan/ McCormick’s Sales Incentive Bonus (SIB) Plan/ McCormick’s
Dividend Program. In addition to a competitive compensation package, permanent employees of McCormick are eligible
for our extensive Total Rewards programs that include:
- Comprehensive health plans covering medical, vision, dental, life and disability benefits
- Family-friendly benefits such as paid parental leave, fertility benefits, Employee Assistance Program, and caregiver support
- Retirement and investment programs including 401(k) and profit-sharing plans