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Commercial Finance Analyst

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McCormick & Company

7d ago

  • Job
    Full-time
    Mid & Senior Level
  • Accounting & Tax
    Banking & Finance

AI generated summary

  • You need a BCom in Accounting/Finance, 4-5 years in Finance (FMCG preferred), advanced Excel, TM1, SAP, PowerBi skills, strong communication, problem-solving, and planning abilities.
  • You will analyze financial performance, support profitability assessments, provide insights for sales decisions, maintain financial data, and assist with budgeting and process improvements.

Requirements

  • BCom in Accounting/Finance Relevant degree or equivalent Qualification
  • 4-5 years’ experience in Finance roles with FMCG preferable
  • High level of Advanced Excel skills required and preferably experience of TM1, SAP and PowerBi
  • Experience in communicating effectively and building positive working relationships with commercial teams
  • Strong problem-solving skills and ability to analyse and interpret complex data to provide actionable insights to support decision making
  • Strong personal leadership, being able to work in a results-driven culture with big focus on execution
  • Demonstrates initiative, accountability and adopts a perspective of continuous improvement
  • Strong planning and organisational skills and ability to manage to deadlines
  • Thorough understanding of business, processes, systems, and internal controls

Responsibilities

  • Business Partnering with commercial team to drive growth and profitability
  • Prepare analysis and insights on the key drivers of financial performance for the South African Flavour business unit
  • Support the Senior Commercial Finance Manager in preparing and managing customer and product profitability analysis and reporting
  • Interpret and analyse customer specific requests from the sales team and partner to develop financial P&Ls and analytics
  • Business partner to the Sales teams, providing insightful analysis to support decision making
  • Financial reporting and analysis
  • Support Financial reporting and analysis for all customers
  • Daily and weekly sales reporting
  • Support month-end processes, quarterly financial forecast, and budget
  • Financial data maintenance – support new product code creation, maintain product mapping, create system inputs of key financials during forecast and budget cycles.
  • Develop financial models through benchmarking and process analysis
  • Business Planning and analysis
  • Assist with the coordination and preparation of the long-term plan and annual budget process for the business.
  • Process Improvement and special projects
  • Work to improve core commercial finance processes and reporting
  • Ensure all processes are documented and Sarbanes Oxley compliant
  • Prepare ad hoc commercial project viability studies

FAQs

What is the primary responsibility of the Commercial Finance Analyst?

The primary responsibility is to serve as a Finance Business Partner to the South African Flavour commercial team, providing financial insights to drive improved decision-making and deliver business results through driving growth and profitability.

What qualifications are required for this position?

A BCom in Accounting/Finance or a relevant degree or equivalent qualification is required.

How many years of experience are preferred for candidates applying for this role?

Candidates should have 4-5 years of experience in finance roles, preferably in the FMCG sector.

What types of software skills are essential for this position?

A high level of advanced Excel skills is required, and experience with TM1, SAP, and PowerBi is preferable.

Will the Commercial Finance Analyst be involved in financial reporting and analysis?

Yes, the role involves supporting financial reporting and analysis for all customers, including daily and weekly sales reporting and month-end processes.

Is the role focused solely on financial tasks, or does it involve collaboration with other teams?

The role involves business partnering with commercial teams to drive growth and profitability, providing insightful analysis to support decision-making.

What is expected from the candidate regarding process improvement?

The candidate is expected to work on improving core commercial finance processes and reporting, ensuring all processes are documented and Sarbanes Oxley compliant.

What qualities are important for a candidate applying for this position?

Important qualities include strong problem-solving skills, the ability to analyze and interpret complex data, strong personal leadership, initiative, accountability, strong planning and organizational skills, and a thorough understanding of business processes and internal controls.

Is there an opportunity for involvement in long-term business planning?

Yes, the Commercial Finance Analyst will assist with the coordination and preparation of the long-term plan and annual budget process for the business.

How does McCormick view diversity in the workplace?

McCormick is committed to a diverse workforce and is an Equal Opportunities employer.

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McCormick & Company

Manufacturing & Electronics
Industry
10,001+
Employees
1889
Founded Year

Mission & Purpose

McCormick Corporation is a global leader in the flavour and seasoning industry. They manufacture, market, and distribute a wide range of spices, herbs, condiments, and flavourings for both consumer and industrial markets. McCormick's ultimate mission is to bring the joy of flavour to people's lives, enhancing the taste of food and beverages worldwide. Their purpose lies in creating and delivering high-quality, innovative, and flavourful products that inspire chefs, home cooks, and food enthusiasts to create delicious and memorable culinary experiences. With a commitment to sustainability and responsible sourcing, McCormick aims to support the food industry, drive culinary excellence, and enrich the lives of consumers by celebrating the diverse and delectable world of flavours and aromas.

Culture & Values

  • Passion For Flavor

    Flavor is the heart of everything we do. Flavor expertise and insights that propel the food industry. Inspiring great tasting healthy choices.

  • Power Of People

    Unwavering commitment to our people-first high-performance culture. Respect and value every person. Enbody 2-for-1 spirit.

  • Taste you Trust

    Relentless focus on quality from source to table. Unmatched track record in safety and integrity. Transparency in what we do, make and say

  • Driven to Innovate

    Continuous reinvention of our businesses. Innovation is everyone's responsibility. Leading the pursuit of what's next in flavor.

  • Purpose-led Performance

    Deliver industry-leading financial performance. Responsibility to the long-term vitality of people, communities and planet. Do what's right.