Purpose & Overall Relevancefor the Organisation :
This position manages and guides the budget, forecasting and consolidation processes in a complex geographical area with 10 subsidiaries and 9 different currencies in SAP & adirace system landscape.
The primary responsibilities in this position include driving consistency and alignment of planning, reporting and pricing timelines and methodology for the market in alignment with globally defined planning processes.
In addition, cross-functional activities such as driving cost efficiencies, establishing a consistent reporting environment and optimizing pricing decisions to maximize profitability are key responsibilities of this position.
The role ensures financial and non-financial managers are provided top notch and highly relevant information, analysis and trade-
off alternatives for their business decisions.
Key Responsibilities :
Develops and monitors key KPIs for ad-hoc, short- and long-term planning in line with global standards
Drives the planning and execution of the annual budgeting process
Manages and maintains best-of-class monthly and ad-hoc financial forecasting process and acts as a support / business partner for commercial, brand and finance counterparts for the actual reporting and forecasting / budgeting process including potential R&O
Ensure timely & accurate monthly, quarterly and year-end closing reporting according to Group policies (including monthly comments).
Provides updated management information to Group Sales & Finance on a regular basis related to actual achievements and forecasts
Drives the Business on Hand (BOH) analysis and highlights major R & O to counterparts in Global Sales & Finance coming from the orderbook status / orderbook forecasts.
Manages financial planning of all operational subsidiaries, with additional support required for corporate activities and those outside traditional reporting systems
Oversees the analysis of monthly financial results and delivers monthly consolidation in collaboration with Finance Director and Accounting
Leads the preparation, analysis and presentation insightful reporting of financial and operating results for senior leadership
Partners with sales and brand leadership to analyse, design and execute strategies to maximize profitability and optimal product mix.
Leads FP&A team to ensure optimal alignment and high performance
Leads cost efficiency / profitability efforts (coordinates forecasting, defines areas of responsibility and monitors progress)
Analyses proposed business opportunities, projects and other pending decisions to determine impact on company’s financial results and to identify ways to improve the economics for the Company and prepares post mortems on outcomes
Provides on-going input on Operating Working Capital, i.e. accounts receivable aging, DSO, inventory levels, non current stock, accounts payable, Cash flow) for better decision making.
Actively collaborate with business partners in EM countries and global stakeholders in terms of providing information and consolidation of results.
Provide support to EM countries regarding accounting treatment issues to ensure compliance with group regulations
Manage T&E spending and provides regular detailed reporting on T&E of all subsidiaries.
Lead large sized projects, implement findings and ensure sustainability of achievements.
Manages approvals and monitoring of Capex spending of all subsidiaries.
Manage global Retail controlling with all reporting, approvals, (i.e. BPM management, Rollout Plans, Impairment Test), additional information on a store basis, presentations and monthly business updates
Breaks down market targets to country targets and subsequently prepares target letters and other official communications between the Market MD / Market Finance Director and the country level Finance Managers.
Monitors target achievements for all functions and countries, analyses and reports target adjustments to Group and reflects Group decisions regarding these target adjustments into country target achievements.
Coordinate the financial planning cycle for strategic planning as like Target Envelope 2020 or SBP including the consolidation of all 10 legal entities as well as provides input to Senior Management regarding possible improvements in countries and channels (retail / wholesale / Fra e-com).
Planning and reporting milestones and deadlines
Target setting proposals
Governance over policies and authority levels
Key Relationships :
The main stakeholders / customers to be dealt with :
InternallyManaging Director of EMVP Finance Emerging MarketsFinance Senior Directors / Director and Market Finance TeamAll EM SLT members Market Commercial teamsMarket Brand teamsGroup Finance & ITGroup Functions FinanceGroup Planning and ReportingGroup Brand and Sales FinanceGlobal Sales
ExternallyConsultantsInternal and External Auditors
Knowledge, Skills and Abilities :
Ability to effectively present information and respond to questions from senior executives, stakeholders and cross functional business leaders
Ability to define problems, collect data, establish facts and draw valid conclusions, and determine and implement effective action plans
Desire and ability to work closely and collaboratively with other members of senior Finance leadership team at Market and Global level
Ability to coach, manage, align, motivate and develop direct reports
Ability to think strategically, synthesize the most complex data and develop innovative solutions within an entrepreneurial environment
Ability to execute scenario planning and investment case analysis as appropriate
Excellent analytical, written, oral, organizational, and presentation skills to influence company leadership and decisions at all levels
Requisite Education and Experience / Minimum Qualifications :
Advanced degree or qualification in Finance, Economics or Accounting (e.g. MBA or CPA)
Solid accounting skills and experience
Advanced excel skills required
Familiarity with SAP, COPA and other relevant adidas and industry Finance systems / analytical software a major plus
8-10 years of broad based operational finance experience with progressive responsibility in industry leading companies