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Senior Manager, Finance - FOB Forecasting & Analysis

Purpose & Overall Relevance for the Organization:

 

Reporting to Director, FOB Forecasting & Analysis, the position leads the product cost forecasting, pricing process and variance analysis.  Acting as a business partner to Sourcing team, ensure accurate FOB forecast is provided to the wider stakeholder group (HQ Finance, Sourcing and Brand Operation Teams) ensuring robust financial and strategic planning. Monitor, analyze, and accurately forecast price variances. Own and initiate improvements to the monthly closing process.

 

Key Responsibilities:

  • As a business partner to internal Sourcing team, take ownership on the product cost (FOB) forecasting and modelling for all FOB planning cycles, reporting and analysis. 

 

  • Analyze and challenge commercial inputs and subsequently justify outputs based on logical rationale to a wide range/level of stakeholders

 

  • Partner with the Board project office team to ensure that all FOB cost savings initiatives are verified, appropriately tracked, reported and reflected in the seasonal forecast

 

  • Own the month-end closing process, forecasting, budgeting and wider accounting mechanics regarding purchase price variances and stock revaluation processes.

 

  • Conduct variance analysis based on predictive trend analytics

 

  • Interface with group treasury in the dissemination and explanation of foreign exchange rates policy and the group inventory revaluation process

 

  • Own the half yearly price freeze process (complements FOB guidance).

 

  • Take ownership on initiating, developing and implementing analytical tools to report and analyze drivers of purchase price variances

 

  • Establish and maintain strong cross functional multi country working relationships with HQ finance, costing and sourcing teams.

 

  • Coach and develop junior talents

 

 

Key Relationships:

  • Finance, Costing, Material, Treasury, Accounting departments of adidas group

 

Knowledge, Skills and Abilities:

  • Strong business acumen and business partnering skills
  • Excellent data analytical skills and enthusiastic in root cause analysis 
  • Understanding the link between the detailed build up and big picture.
  • Advanced MS Office and system experience
  • Highly motivated and self-driven, ability to multi-task productively, and result orientation.
  • Growth/Open mindset
  • Able to work and deliver results in a changing and dynamic/pressurized environment
  • Fluent in English (written and spoken)

 

 

Requisite Education and Experience / Minimum Qualifications: 

  • Degree in business, finance, accounting, data analytics or related qualifications (CA/CPA/CIMA/CFA etc.)
  • 5+ years of experience in multinational corporates with roles involving either a strong financial business partnering history or analytical requirements
  • Manufacturing, sourcing, or retail business preferred

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 Manager, Finance - FOB Forecasting & Analysis

Brand:  adidas
Location:  Hong Kong
TEAM:  Accounting & Finance
State:  HK
Country/Region:  CN
Contract Type:  Full time
Number:  379650
Date:  Nov 16, 2021