Plant Controller

Position Overview

Key Responsibilities

•    Independently, be able to research, link to root cause drivers, explain and suggest corrective action for financial variances between current results, prior year, forecast and budget. Distinguish and quantify volume and rate impact in analysis, and, independently, communicate analysis to senior local and regional management.

•    Without direction, differentiate material versus immaterial variances, analyze and reconcile balances on the income statement and balance sheet, as applicable, identifying the pertinent focus areas and communicate, effectively and clearly, to local and regional management. Understand the progression of variances through the balance sheet to the income statement. Understand the key ratios as applicable (e.g. ITO, DSO, DPO, CTC, EVA and McCormick Profit) and the components that comprise each metric.

•    Maintains an effective control environment and SOX compliance. Able to identify areas of potential control weakness, suggest and implement solutions to minimize risk.

•    Without direction, plan, identify, gather and organize data to create forward looking financial information for multiple segments of the local business, with a detail knowledge of the basis used to create the information including the sources, methods, activities and drivers used and understanding the financial planning processes (budgeting and forecasting activities and strategic plan, as applicable). Detailed knowledge of how the information fits in with the local business units as well as the business unit’s impact on the Company. Communicate findings & interpretations and relevant conclusions.

•    Without direction, perform business modeling as necessary, organizing and inputting data and printing the pertinent reports at the local business level and review for accuracy. With direction, interpret these results and provide explanation to senior local management. Knowledgeable in the completion of key models, as applicable, used by the finance function (budgeting, forecasting, Caap’s, etc), demonstrating a detailed understanding of data flow and the model’s basic principles as well as being able to calculate, without direction, key metrics , as applicable (e.g. IRR and NPV for use in measuring the return on investment)

•    Without direction, and in a lead role at times, provide financial support for the evaluation of an identified opportunity or issue (e.g. CCI initiative, investment return, balancing cost with performance and impact of operational decisions)

 

Required Qualifications

Level of Education and Discipline    BA/BS in Accounting, Finance or Business



Experience - functional/industry/commercial knowledge, business acumen    8+ years of experience in accounting / financial analysis required Demonstrated thorough knowledge of the capabilities of transaction & reporting systems including, but not limited to Hyperion, SAP, Business Warehouse or other local systems. Understands available reporting, drill down capabilities, and able to organize data in a way that adds value to analysis Demonstrated thorough knowledge of Activity Based Costing or other Costing methodology/systems. Advanced proficiency in Excel and strong proficiency in Word and Power Point Internal – Strong knowledge of the financial characteristics/drivers (volume, pricing, profitability, seasonality, etc) of the various products and product lines within the local Business Unit. Knowledgeable of the market structure the business operates in. Business Organization – Knowledgeable of the financial structure of the local business unit or financial support group, the purpose for the different financial areas, the activities performed by each, and how they fit together. Additionally, how the finance team integrates with other functions in order to achieve goals. Business Organization – Able to demonstrate a thorough understanding of the financial differences (e.g. size, profitability, customers & markets served, between the different business segments. External – Thorough understanding of the business characteristics of the local market and competitors. Regular, as applicable, interaction with third party support activities/contacts such as auditors, legal assistance, or consultants Commercial – Knowledgeable of non-financial functions within McCormick and their relationship with the Financial Community Financial - Able to demonstrate excellent theoretical and practical knowledge of different financial and analytical techniques and procedures Financial – Knowledge of and able to demonstrate application of professional accounting rules, standards and pronouncements Tax – Actively conscious of possible tax implications in providing business analysis and support

Interpersonal Skills - leadership, interactions, communication, influence    Ability to take initiative and work independently. Includes 1st level influencing. Developed communication & diplomacy skills required in order to exchange complicated or sensitive information or information that is difficult to communicate because of content or intended audience Strong customer facing focus for internal customers due to shared service nature of the organization As applicable, communications/interactions dealing with assessing project team performance and effectivenessInteracts with Internal Supply Chain, Finance and Sales/Marketing on a regular basis from a non-exempt operations team member up to a VP level External auditor interaction or regulatory agency, as applicable on occasion, beyond information gathering and sharing. Ability to work across functions and cultures Interactions outside the function using strong diplomacy skills to guide and influence

Other Skills and HPO Competencies    Proposes and implements improvements to systems, methods of work and analysis methods and contributes to ensuring that they are continuously adapted to the business requirements (for own financial area as well as the functional areas supported) Excellent verbal and written communication skills to communicate effectively at all levels Effectively works across business functions Demonstrated thorough knowledge of Activity Based Costing or other Costing methodology/systems Demonstrated thorough knowledge of the capabilities of transaction & reporting systems including, but not limited to Hyperion, SAP, Business Warehouse or other local systems. Understands available reporting, drill down capabilities, and able to organize data in a way that adds value to analysis

 

Preferred Qualifications

Level of Education and Discipline    MBA

Certification and/or Licenses    CPA

Experience - functional/industry/commercial knowledge, business acumen    Financial planning experience preferred 2+ years in manufacturing / cost accounting and knowledge of activity based costing highly desirable. Experience participating on projects, supporting finance initiatives with the business