Sr. Director, Finance Shared Services
Ferrara
United States, Illinois, Chicago
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Salary
$201,000 - $329,000 Per Year
Rank
Senior Director
Responsibility
Head of SS/GBS
Scope
Global
Workplace
100% in office
Functions
Finance
Reports to
VP, Corporate Controller
Level
0
Travel Max:
0%
Posting Date
02-28-2024
Description
Reporting to the VP, Corporate Controller, the Sr. Director, Finance Shared Services, is responsible for overseeing Ferrara’s finance shared services: AR/Pricing, Accounts Payable, Payroll/T&E, and Deductions Management. This leader will coordinate the strategy for all of the finance shared service teams and act as a point of contact for all of the business partners that lean on these shared services (HR, Procurement, Sales, Supply Chain, etc.). The Sr. Director will ensure the day-to-day operations of the function are working effectively while also designing and building best practices including automation and process improvements.
Key Responsibilities
- Ensures the day-to-day success of the Company’s finance shared services, including:
- Accounts receivable, cash application and pricing execution – The Sr. Director will ensure the Company’s customer receivables are in good standing through solid credit monitoring controls and ensure that the Company’s pricing and customer billing is complete and accurate
- Accounts payable – The Sr. Director will ensure vendor invoices are being processed timely and accurately and also ensure that the invoices are paid in accordance with the vendor terms and agreements, as well as Company policies
- Payroll / T&E – The Sr. Director will ensure the Company’s payroll for the U.S. facilities and corporate locations are operating as designed for each weekly and bi-weekly payroll in accordance with Company policies and local / state / federal regulations
- Deductions management – The Sr. Director will ensure the Company’s customer deductions and liabilities are processed accurately and timely. Additionally, they will ensure that invalid deductions are timely disputed and elevated to Company leadership
- Work with the VP, Corporate Controller, and Treasury department to establish a strategy to improve working capital at the Company. The Sr. Director will establish the right metrics, measure and monitor performance, and use benchmarks to calibrate expectations. They will focus primarily on Days Sales Outstanding (DSO) and Days Payable Outstanding (DPO) and work to establish and report these KPIs on a regular basis
- Play a key part in the Company’s business transformation efforts as we design a global business blueprint and transformation to SAP S/4 Hana specifically within the areas of Procure-to-Pay (P2P), Order-to-Cash (OTC), Record-to-Report (RTR) and HRIS.
- Partner with Company leadership and lead projects to identify, develop, and implement best in class shared service process, automation, and other improvement initiatives as part of the finance transformation roadmap
- When necessary, assist with M&A and integration efforts and analysis of target operating models.
- Be a key business partner across the organization, especially with procurement, sales, and HR.
Qualification & Requirements
Skills that will make you successful
- Strong leadership: ability to inspire, motivate, and guide resources to a common goal and vision
- Strong interpersonal skills: empathy, integrity, enthusiasm, collaborative, driving consensus
- Strong written and oral communication skills. Strong listening skills and ability to work with senior leaders – inside and outside of the organization – to understand their goals and objectives
- Track record of innovation, strategic decision-making, continuous improvement, and resource optimization.
- Knowledge of leading shared service technology and processes
Experiences that will support your success
- Bachelors degree, MBA and/or CPA preferred
- 15+ years of finance shared service experience including experience with Accounts Payable, AR, Deductions and Payroll
- CPG industry expertise strongly preferred with a preference in fast moving consumer goods.
- Experience with large-scale business transformation projects
- Multi-national experience
Benefits
We are proud to offer employees an attractive, competitive benefits package including medical, dental, vision and life insurance. We also offer employees competitive 401K savings and tuition reimbursement programs, as well as generous vacation and holiday schedules and parental leave.
Company Profile
Ferrara
Industry
Manufacturing
Revenue
$2B
Employees
6,000
Fortune 500 Rank
NA
Global 500 Rank
NA
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