Head of FP&A - Americas

Coats Plc opens this position based in Mexico

Key activities:

Financial Analysis

• Review, evaluate and conduct in-depth performance and root-cause analysis on actuals (including trends, variances vs plan and previous year etc.) to provide insights and engage with key stakeholders and help identify gap closing actions.
• Produce and provide insights and analytics to the monthly sales and financial flash reports to Regional FBP, COO, Group finance and other leadership team.
• Review sales price, volume and mix movement with commercial team. Support commercial for pricing analysis and pricing decisions.
• Analyze customer and product profitability – engage with commercial to identify opportunities for margin improvement.
• Monitor Conversion cost and SD&A spends vs Plan and target and work with regional leadership to drive cost optimization actions..
• Respond to ad-hoc requests and queries related to FP&A from regional LT / Group
• Review accuracy and completeness of the reports generated by COE/TST/CAP teams

Costing

• Responsible for maintaining Product Costs in SAP, Inventory valuation and capitalisation of variances.
• Leading costing team to provide product costs to commercial & operations team to support pricing decision and drive cost efficiencies.
• Computation of Group IGTPs and support Tax team with segmental profitability for Transfer pricing reviews for FG and GT manufactured in the region.
• Complete annual external Cost Audit as per Local statutory requirement (if any).
• Oversight on quantitative controls – review Input output reconciliations and SAP stock controls. Coordinating wall to wall physical stock count.

Planning & Forecasting

• Responsible for Mid-term Plan, Annual Operating Plan and monthly rolling Forecast Processes for the region
• Establish standard processes, templates within the region to drive quality of data and forecasting accuracy
• Engage with the regional and functional leadership team to review Plan / forecasts and bridge if any gap between bottoms up and top down targets.
• Ensure Plans / targets are aligned with all business units and functions in the region and review actuals for delivery against those plan / targets to drive gap closing actions
• Review, evaluate and conduct iterative financial modelling requirements to provide financial insights
• Lead direct cash flow forecasting process in the units to drive group FCF targets and improving forecast accuracy

Business Partnering

• Improve business intelligence by generating data driven insights across functions to help improve topline, profit and cash performance
• Drive operational performance across business units. Work with regional COO and FBP to organize Business Reviews to understand and communicate the state of business, priorities and key risks / opportunities
• Forecast cost movements for the large spends incurred in the region and help create an agenda for improving manufacturing & sourcing productivity across functions and business units
• Help business improve forecast accuracy (Sales, EBIT and FCF) of financial parameters by working closely with Commercial, Supply Chain, Manufacturing, Procurement and HR function
• Track financial and operational performance of key strategic projects in the region
• Responsible for capex project evaluation (IAAF), Make or Buy decision analysis and post project analysis

Support the Finance controllers in preparation of statutory accounts

• Provide analysis and financial projections to the FC’s (where necessary) for preparation of group and local GAAP statutory accounts, Eg. deferred tax calculations and impairment tests.

Capital Expenditure / Strategic projects

•   Lead Plan Capital Expenditure process (partnering with COO, FBP and manufacturing leads in the region)

•   Lead preparation and approval process for Capital Expenditure Requests (IAAF) following group DOA

•   Work with FBP and COO to prepare business Case and Financial modeling for business reorganizations, prospective acquisitions and divestures

People Leadership

• Promotes Finance vision and objectives, and Coats goals and culture in order to encourage employee engagement and performance improvement
• Coach and develop regional FP&A and costing teams and ensure rollout of best practices tools and procedures across the region with a clear focus on ways to evaluate business performance
• Conducts regular team meetings to communicate business and team performance
• Responsible for recruiting and training new team members
• Ensures adherence to the Company’s Health and Safety obligations