Sr Financial Analyst - Supply Chain
Apply NowCompany: McCormick & Company
Location: Hunt Valley, MD 21031
Description:
You may know McCormick as a leader in herbs, spices, seasonings, and condiments - and we're only getting started. At McCormick, we're always looking for new people to bring their unique flavor to our team.
McCormick employees - all 14,000 of us across the world - are what makes this company a great place to work.
We are looking to hire a Senior Financial Analyst, Supply Chain immediately at our HVP/Spice Mill in Hunt Valley, Maryland.
What We Bring To The Table:
The best people deserve the best rewards. In addition to the benefits you'd expect from a global leader (401k, health insurance, paid time off, etc.) we also offer:
Competitive compensation
Career growth opportunities
Flexibility and Support for Diverse Life Stages and Choices
Wellbeing programs including Physical, Mental and Financial wellness
Tuition assistance
Position Overview
The supply chain finance analyst is responsible for the financial management of the Hunt Valley Plant's $146M spend budget. This position provides forecast and budget preparation, variance analysis, business partnership, financial reporting, and purchase order approvals.
Key Responsibilities
Develop the annual spend budget and quarterly forecast for the combined Hunt Valley Plant and Spice Mill. Ensure accuracy and completeness of financial data, considering various factors such as salaries, supplies, maintenance, professional services, and savings targets.
Analyze Financial Variances: Perform thorough analyses of financial variances to the forecast, budget, and prior year's results monthly. Identify and explain key drivers of variances, providing actionable insights to management.
Approve Purchase Orders: Review and approve purchase orders, ensuring alignment with budget and appropriate accounting treatment. Partner with business owners to accrue for costs in the appropriate financial periods.
Partner with Cost Center Owners: Collaborate with cost center owners to ensure adherence to budgetary constraints. Provide support and guidance to ensure effective budget management and compliance.
Analyze Spend Data: Examine spend data to identify opportunities for cost savings and efficiency improvements. Develop recommendations to optimize spending and enhance financial performance.
Maintains an effective control environment and SOX compliance. Able to identify areas of potential control weakness, suggest and implement solutions to minimize risk.
Qualifications
Bachelor's degree in Finance, Accounting, or Business Administration
5+ years of experience in accounting/financial analysis
Strong understanding of budgeting, forecasting, and financial variance analysis
Excellent analytical and problem-solving skills
Proficiency in financial modeling and data analysis tools
Effective communication and presentation skills
Ability to work collaboratively with cross-functional teams
Detail-oriented with strong organizational skills
Advanced knowledge of Microsoft Excel and experience with other financial software including SAP, TM1, PowerBI, EDW
#LI-CG1
McCormick & Company is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.
As a general policy, McCormick does not offer employment visa sponsorships upon hire or in the future.
Base Salary: $86,390 to $151,220
Base salary compensation will be determined based on factors such as geographic location, skills, education, experience for this role, and/or internal equity of our current employees as part of any final offer. This position is also eligible to participate in McCormick's Incentive Bonus (MIB) Plan. In addition to a competitive compensation package, permanent employees of McCormick are eligible for our extensive Total Rewards programs that include:
- Comprehensive health plans covering medical, vision, dental, life and disability benefits
- Family-friendly benefits such as paid parental leave, fertility benefits, Employee Assistance Program, and caregiver support
- Retirement and investment programs including 401(k) and profit-sharing plans
WHY WORK AT MCCORMICK?
United by flavor. Driven by results.
As a McCormick employee you'll be empowered to focus on more than your individual responsibilities. You'll have the opportunity to be part of something bigger than yourself-to have a say in where the company is going and how it's growing.
Between our passion for flavor, our 130-year history of leadership and integrity, the competitive and comprehensive benefits we offer, and our culture, which is built on respect and opportunities for growth, there are many reasons to join us at McCormick.
McCormick employees - all 14,000 of us across the world - are what makes this company a great place to work.
We are looking to hire a Senior Financial Analyst, Supply Chain immediately at our HVP/Spice Mill in Hunt Valley, Maryland.
What We Bring To The Table:
The best people deserve the best rewards. In addition to the benefits you'd expect from a global leader (401k, health insurance, paid time off, etc.) we also offer:
Competitive compensation
Career growth opportunities
Flexibility and Support for Diverse Life Stages and Choices
Wellbeing programs including Physical, Mental and Financial wellness
Tuition assistance
Position Overview
The supply chain finance analyst is responsible for the financial management of the Hunt Valley Plant's $146M spend budget. This position provides forecast and budget preparation, variance analysis, business partnership, financial reporting, and purchase order approvals.
Key Responsibilities
Develop the annual spend budget and quarterly forecast for the combined Hunt Valley Plant and Spice Mill. Ensure accuracy and completeness of financial data, considering various factors such as salaries, supplies, maintenance, professional services, and savings targets.
Analyze Financial Variances: Perform thorough analyses of financial variances to the forecast, budget, and prior year's results monthly. Identify and explain key drivers of variances, providing actionable insights to management.
Approve Purchase Orders: Review and approve purchase orders, ensuring alignment with budget and appropriate accounting treatment. Partner with business owners to accrue for costs in the appropriate financial periods.
Partner with Cost Center Owners: Collaborate with cost center owners to ensure adherence to budgetary constraints. Provide support and guidance to ensure effective budget management and compliance.
Analyze Spend Data: Examine spend data to identify opportunities for cost savings and efficiency improvements. Develop recommendations to optimize spending and enhance financial performance.
Maintains an effective control environment and SOX compliance. Able to identify areas of potential control weakness, suggest and implement solutions to minimize risk.
Qualifications
Bachelor's degree in Finance, Accounting, or Business Administration
5+ years of experience in accounting/financial analysis
Strong understanding of budgeting, forecasting, and financial variance analysis
Excellent analytical and problem-solving skills
Proficiency in financial modeling and data analysis tools
Effective communication and presentation skills
Ability to work collaboratively with cross-functional teams
Detail-oriented with strong organizational skills
Advanced knowledge of Microsoft Excel and experience with other financial software including SAP, TM1, PowerBI, EDW
#LI-CG1
McCormick & Company is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.
As a general policy, McCormick does not offer employment visa sponsorships upon hire or in the future.
Base Salary: $86,390 to $151,220
Base salary compensation will be determined based on factors such as geographic location, skills, education, experience for this role, and/or internal equity of our current employees as part of any final offer. This position is also eligible to participate in McCormick's Incentive Bonus (MIB) Plan. In addition to a competitive compensation package, permanent employees of McCormick are eligible for our extensive Total Rewards programs that include:
- Comprehensive health plans covering medical, vision, dental, life and disability benefits
- Family-friendly benefits such as paid parental leave, fertility benefits, Employee Assistance Program, and caregiver support
- Retirement and investment programs including 401(k) and profit-sharing plans
WHY WORK AT MCCORMICK?
United by flavor. Driven by results.
As a McCormick employee you'll be empowered to focus on more than your individual responsibilities. You'll have the opportunity to be part of something bigger than yourself-to have a say in where the company is going and how it's growing.
Between our passion for flavor, our 130-year history of leadership and integrity, the competitive and comprehensive benefits we offer, and our culture, which is built on respect and opportunities for growth, there are many reasons to join us at McCormick.