Company: The Estee Lauder Companies
Position: Director, Supply Chain Finance
Location: Markham, ON
Description: The Director, Supply Chain Finance will develop, implement and manage the Canadian Supply Chain Finance functions. They will also be responsible for all financial and analysis activities in support of the Operations Supply Chain group, including Accounting, Budgeting and Inventory Control.
They will manage Supply Finance staff, ensuring acceptable standards of quality, accuracy, timeliness and policy compliance. They will also develop a strong Operations/Distribution knowledge in order to advise Operations personnel regarding business and spending decisions. Also, they must ensure that the Company’s Assets are protected as required.
As part of the NA Finance Management Team, they will liaise with the NY group with respect to Budgets, Performance, Reviews and Training. The incumbent will also contribute as a member of the local Canadian Leadership Team (CLT).
- Manage Supply Chain Plants and Distribution Controls:
- prepare and present Canadian Budget for Supply Chain Operations and Distribution;
- Plant/Distribution expense control;
- monthly Scorecard performance review with Senior Management to review performance, expenses, variances etc.;
- monitor Capital Spending including related Fixed Assets records and physical inventory validation;
- develop and implement innovative ways to improve current systems to improve efficiency within the Plant/DC;
- involved in Manufacturing/Distribution activities on a day to day basis;
- review and approval of relevant SRM PO’s and Capital requests;
- review and approval of American Express card requests and Meeting cards;
- approval of all Staff and Operations Headcount Recruitment Requisitions (ATR’s);
- develop, review and approve IBM GERS Expense reports.
- Manage Treasury Function:
- authorized Signatory for the Corporation;
- member of Canadian legal entity BOD and signatory;
- oversee RBC Express Cash function and review Cash Flow on a daily basis;
- review Bank Reconciliation on a monthly basis;
- liaise with ITC regarding Investment and Loans.
- Manage and Develop staff:
- set objectives for the department in conjunction with the ED Supply Chain Finance and determine individual staff objectives in support of the department objectives;
- ensure Employees are provided with Annual Performance Reviews, Guidance, Training and Support in their respective areas;
- develop Talent and Succession Plans as appropriate.
- Responsible for Financial reporting and SOX404:
- Balance Sheet Review based on accounts ownership;
- review Export P&L and Cost of Goods reasonability for all Brands;
- preparation of Quarterly and Year-End Financials;
- co-ordination of Financial Audits – Internal and External;
- understand Management responsibilities under SOX 404;
- ensure that Canada Plants and DC are SOX compliant;
- management is responsible for internal controls including safeguarding of assets;
- the SOX Assessment is done diligently, accurately and in a timely manner and the SOX documentation requirements are met;
- coordinate the SOX Audit and the Financial Audit (Integrated Audit) with both the Internal and External Audit (KPMG);
- complete SOX 302 Quarterly monitoring of changes.
- Develop the Standard Recovery Rates for Direct Labor, Tooling and Manufacturing Overhead based on the approved budgets;
- review and update G&A, Excess/Obsolete and SMI rates as appropriate.
- Review Inventory/ Manufacturing Variances;
- oversee Inventory Management and review monthly Inventory reconciliation to perpetual records;
- inventory Physical Count Control;
- analyze and manage Variances generated in SAP;
- manufacturing/Inventory Variances Analysis;
- manage Variance Release and related P&L forecast.
- Manage Canada Export P&L;
- develop Export P&L Plan;
- review Export Sales and Cost of Sales monthly;
- provide Export P & L estimates and analysis to the Brands monthly;
- provide monthly CPA Actual and Estimate to Plants.
Skills and Qualifications:
- University undergrad degree – Finance or Accounting. MBA degree considered an asset
- Recognized Professional Accounting Designation (CPA, CA/CMA,CGA)
- 10+ years of manufacturing related work experience along with 3-5 years Managerial experience with supervision
- Strong organization skills
- Excellent Interpersonal and communication skills
- Demonstrated Leadership skills
- People management skills
- Proficient in use of Microsoft Suite
- Working knowledge of SAP system
- Willingness to relocate
- 5% travel time required