Senior Director, Finance, Turkiye

THROUGH SPORT, WE HAVE THE POWER TO CHANGE LIVES

 

At adidas, every day is a chance to flip the script. An invitation to take everything
we know and re-invent it. Do it better. Never settling for good enough.

Every day we get up, invent, adapt, improvise, find new ways to collaborate,
and do the unexpected. We’re creators, makers and doers. Helping athletes make a difference, not just in their games, but in their lives and in their world.

It’s an obsession.

We’ve been doing this for more than 65 years. With an unmatched history and tradition of creating iconic products, consumer connections and experiences, we’ve been defining sport culture since the beginning.

And we’re never done.

Come be a part of shaping the future together with us.

 

Purpose & Overall Relevance for the Organization:

 

Leadership and management of the finance function of Turkiye. Input and participate in the development of the business strategies and operations of Turkiye. Continuously identify and recommend all necessary actions to improve the financial performance and efficiency of the business. Drive, track and support management of yearly targets.

 

Key Responsibilities:

 

Business Partner Role + FP&A

 

    • Be the trusted advisor to Turkiye SLT on financial/strategic topics and risk management.
    • Ensure the controlling and forecasting and provision of a critical view on all the business drivers, contributing to the achievement of targets and the continuous improvement of the financial performance.
    • Ongoing input from a financial perspective for business decision-making, e.g. optimum pricing model, investment requirements, sales compensation structure, sales terms, accounts receivable aging, inventory levels, clearance. etc.
    • Establish processes to closely manage key financial parameters of sales, including returns, IDL, DSO and cash flow to achieve annual targets.
    • Proactively manage the balance sheet and P & L on monthly basis to maximize the return for adidas group.
    • Lead the yearly budgeting process and establish alignment with the respective departments and with Group.
    • Proactively identify, evaluate and drive opportunities to reduce costs and maximise margins.
    • Proactively manage market volatility and its aspects (hyperinflation, devaluation, pricing)
    • Responsible for overseeing and managing the complexities of macroeconomic factors, ensuring accurate forecasting, strategic planning, and effective mitigation strategies to safeguard the company's financial stability in a hyperinflation economical environment.

 

Demand Planning 

    • Provide overall oversight of the IBP process to align the unconstrained demand of Turkiye between Marketing and Sales from an unbiased perspective across all categories, brands and channels.
    • Overall Responsibility for the implementation of the monthly IBP cycle in line with Turkiye & Emerging Market and global blueprint.
    • Identify key risks and opportunities vs the plan to ensure commitments are met.
    • Work cross functionally to manage inventory at optimal levels with balanced approach on buy and clearance management.
    • Support with Operational Demand Planning topics

 

Internal Controls & Policies

 

    • Secure strong internal controls over assets and compliance with Group policies.
    • Ensure audit and compliance with Group finance manual of the key financial, control and approval processes.
    • Responsible for the implementation of the annual global Control Self-Assessment (“CSA”) process to facilitate ongoing adherence to policies and best practices.
    • Ensure provision of regulatory financial information and governance of all legal entities to the respective tax and financial institutions
    • Will serve as the key interface for external and internal audit with primary responsibility for adherence to policy and legal regulations.

 

Credit Management & Treasury

    • Ensure provision of credit control of all customers and drive cash collection within the agreed targets
    • Drive cash flow targets and act actions accordingly
    • Manage bank relationships and credit usage
    • Be in close contact with Group Treasury for the hedging and credit strategy

 

Group Finance Functions (e.g. Tax, Group Accounting, Insurance, etc.)

    • Ensure Tax, Accounting and Insurance topics are managed in the best interests of Turkiye, EM and Global
    • Facilitator on Cluster level for Group Finance functions by interacting and coordinating with relevant subject matter experts at Global level and working closely with local teams

 

People Management

    • Define organizational structure, set objectives, and manage workloads and results to achieve goals while adopting best practices and achieving continuous process improvement.
    • Ensure high employee engagement at every level through effective motivation, coaching, training, and development of personnel in the team.

 

Key Relationships:

 

  • Turkiye SLT
  • EM SLT
  • EM Finance Directors
  • Internal and External Auditors
  • Group Finance

 

Knowledge, Skills and Abilities:

 

    • Strong business analytical and numerical skills (with a proven business acumen)
    • Strong managerial and operational skills
    • Strong execution and influencing skills
    • High sense of organisation and precision
    • Project and process management skills
    • Ability to lead, motivate, and develop Finance team

 

Requisite Education and Experience / Minimum Qualifications:

 

    • University degree in business management
    • Minimum of 10-12 years in finance department in controlling and accounting functions as Head of Department
    • Board or management team experience.
    • International experience and track record
    • Preferably knowledge of adidas and various Global functional organizations and processes
    • Language skills: fluent in English spoken and written

adidas celebrates diversity, supports inclusiveness and encourages individual expression in our workplace. We do not tolerate the harassment or discrimination toward any of our applicants or employees. We are an Equal Opportunity Employer.

Job Title:  Senior Director, Finance, Turkiye

Brand:  adidas
Location:  Istanbul
TEAM:  Accounting & Finance
State:  34
Country/Region:  TR
Contract Type:  Full time
Number:  511674
Date:  May 17, 2024