Financial Planning and Analysis Manager

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Job description

LT Foods Americas (LTFA) is part of LT Foods Limited, an emerging global food company, with Net Sales in excess of $800 million globally, operating across a range of categories including specialty rice, organic foods and convenience rice based products. The Company is engaged in milling, processing and marketing of branded and non-branded basmati rice, and manufacturing of rice food products in India & international market. LT Foods has a global presence including India, Middle East, United Kingdom, Europe and United States. Its operations include contract farming, procurement, storage, processing, packaging and distribution. Its rice product portfolio comprises brown, white, steamed, parboiled, organic, quick cooking brown rice, and ready-to-heat rice. The Company's brands include DAAWAT®, ROYAL®; 817 ELEPHANT®, INDUS VALLEY®, ECOLIFE® & GRAPEOLA®.

Reporting to the CFO, the Financial Planning & Analysis Manager will oversee effective financial forecast and planning processes, as well as manage reporting, product and project profitability, ad hoc analysis and decision support. This role will support management in developing financial, operational and strategic models (both short-term and long-term strategic planning) with a focus on the delivery of effective and timely performance analysis. Accountabilities to include developing, maintaining and champion the use of reporting tools to expand the breadth and depth of financial insight in pursuit of improved visibility to management for information necessary to support strategic and tactical decision-making.

The Role:

• Lead annual business planning and budgeting for the organization
• Manage pricing calculations for the new and existing customers based on the pricing requests from the sales team members
• Discuss pricing calculations with the CFO before they are presented to the sales team for the expected gross margin requirements by product, brand and customer
• Manage data points which have been used for pricing calculations for easy understanding of the costs and comparing them regularly with the actuals
• Manage and enhance the forecasting process, and improve forecast accuracy, working closely with all departments
• Maintain and own extensive financial model (P&L, balance sheet, cash flow)
• Build and manage the 3-year business plan model
• Work closely with finance team, monitor company performance and complete the variance analysis, revenue and cost trends and drivers, and product/customer/Brands/project profitability
• Work closely with business leaders to manage and control financial results, identifying areas of both growth potential and operating efficiency
• Partner with Brand Marketing and R&D teams to ensure new product and innovation success, and unlock cost improvements for the existing portfolio
• Partner with Supply Chain and Operations teams to continue optimizing our manufacturing and distribution network, identifying cost savings items and work on their implementation
• Analyze and report on emerging business trends and operational drivers
• Create analytical insights to guide management in effective decision making
• Analyze and recommend enhancements that improve overall business intelligence
• Supports the business by analyzing opportunities and by jointly developing strategies to acquire new and retain existing business
• Actively participates in the business StageGate process, interacting with Operations, Product Management and Product Development
• Establishes and maintains financial reports that encompass sophisticated financial & operational elements
• Responsible for supporting delivery of timely and accurate operational & financial reporting documents
• Completes competitive assessments along with supply/demand trend and market opportunity analysis
• Participates in compiling economic data for the products for LTFA and present them to internal and external partners as needed

Qualifications:

• 5+ years of professional experience in FP&A or related field; CPG experience a plus
• Undergraduate degree in finance or accounting; MBA or CPA preferred
• Experience working in a beverage or food company preferred
• Demonstrated ability and experience in sophisticated financial modeling, analysis, and problem solving
• Uses data-driven evidence to communicate and educate stakeholders about the financial implications of business decisions
• Ability to drive process improvement
• Experience implementing metrics, processes, and systems needed to enable first-class financial analysis, forecasting, and problem solving
• Ability and enjoyment in developing people to their highest potential
• Exceptional Excel and PowerPoint skills
• SAP/Oracle or other identical ERP knowledge is a must
• Excellent communication skills