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Supply Overheads Manager at Mars, Incorporated

Posted in Architecture 22 days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Hackettstown, New Jersey





Job Description:

A mutually rewarding experience.

Work. Realize your ambitions. And realize there’s more to being in business than just making a profit. That’s the Mars philosophy. And the opportunity we offer every one of our Associates. An opportunity to take what you do and make it mean more for you, for those around you and for the planet.  What you get here is challenging, interesting work. You get the tools you need to do a great job and you get to have the best possible people on your side to help you do it. And at the same time as getting to find ways to do business better today than we did it yesterday and driving a great career, you also get to build a more enlightened business and drive sustainability.

Because it’s never just about a single person, a single project or a single brand. It’s about how you can grab everything that’s within your reach here and use it to pursue mutual, long-term gain. It’s about having ideas. And ideals. Being prepared to risk failure because the promise of success means we’ll all be a little better off. It’s that mix of integrity and ambition that makes Mars such a special place to work. And why working here is always about more than just a job.

About Mars, Incorporated 

Mars is a family-owned business with more than a century of history making diverse products and offering services for people and the pets people love. With almost $35 billion in sales, the company is a global business that produces some of the world’s best-loved brands: M&M’s®, SNICKERS®, TWIX®, MILKY WAY®, DOVE®, PEDIGREE®, ROYAL CANIN®, WHISKAS®, EXTRA®, ORBIT®, 5™, SKITTLES®, UNCLE BEN’S®, MARS DRINKS and COCOAVIA®. Mars also provides veterinary health services that include BANFIELD® Pet Hospitals, Blue Pearl®, VCA® and Pet Partners™. Headquartered in McLean, VA, Mars operates in more than 80 countries. The Mars Five Principles – Quality, Responsibility, Mutuality, Efficiency and Freedom – inspire its more than 100,000 Associates to create value for all its partners and deliver growth they are proud of every day.

 


Mars Wrigley Confectionery is looking for a Supply Overheads Manager to work in Hackettstown, NJ.  The Supply Overheads Manager is responsible for the planning, accounting, and reporting of the overheads area for the R&D function and the consolidation of the Commercial, Manufacturing, Engineering, and Logistics U.S. Overheads functions.  This includes:


  • Co-pilot to R&D VP and R&D Leadership team ($65m budget), providing trend analysis & insight, identifying opportunities/risks, and supporting research of budget management issues

  • Developing and running the overheads planning and budgeting process across the supply function

  • Ensuring robust internal controls for the overheads area

  • Analysis, reconciliation, and reporting for certain confidential financial accounts

  • Partnering with both supply and finance teams to ensure alignment in monthly reporting and seek reporting efficiencies

The position requires significant interaction with regional finance and supply senior management. Required competencies include strong organizational, communication, and presentation skills, and a proven ability to build positive working relationships across departments within the business.  Understanding of financial accounting principles, accounting processes and systems, and internal controls are key to the role.  In addition, the ability to initiate change and drive improvement in our accounting policies and business processes and practices will be crucial to success.

 

Principal Accountabilities

Planning and Budgeting

The key accountability of the role is to develop and manage a robust process for planning, budgeting, and reporting of overhead costs for Commercial, Manufacturing, Engineering, R&D, and Logistics functions.  Overhead costs consist of salary/wages/benefits (SWB) and activity spending across the business, excluding those costs directly connected with production in the factories. The manager will formulate budget review processes with management team and other key stakeholders, with an objective to provide clarity on trends, challenge assumptions, and create budget reduction strategies.  Besides official forecast cycles, the manager must assess the ongoing risk that this area presents and communicate this information to the business in a timely manner.

Elements of the planning and budgeting process that are crucial to success include:


  • Methodologies for target setting and translation from top-line commitments to more detailed budgeting.

  • Well-defined timelines and milestones, integrated with the general business and planning calendar.

  • User-friendly communication of base data such as previous actuals, forecasts, assumptions, organizational structures, and headcount.

  • Clear communication of the results of the budget process to key stakeholders (senior management, department heads, budget managers) at appropriate levels of detail.

  • Regular reviews of spending progress against plans, identification of key issues.

  • Development/utilization of key budgeting tools.

Actual Cost Reporting

In addition to the planning and budgeting elements of the role, providing transparency to our actual overhead spending and key drivers is important.  The manager will:


  • Analyze and communicate actual cost and variance results to budget managers, department heads, and senior management. 

  • Manage functional, regional, and global project cost allocation and cross charges.

  • Ensure the integrity of overhead reporting ensuring that budgets and actuals are accurate and available on a timely basis.  This will also include improvement of current tools in SAP.

  • Lead improvements in general ledger reporting for the area.


  • Carry out overall responsibility for period close and year-end accrual process for overheads.


  • Analyze, reconcile, and report on certain confidential financial accounts (legal, re-structuring, relocation, etc.)


  • Support overhead costs in annual external audit.

Internal Control

This position has responsibility for the documentation and monitoring of best practice in internal controls in the overheads accounting areas, ensuring compliance with Mars best practices.  As a regular portion of the role, the manager will undertake a review of our internal controls and accounting best practice in these areas, with an eye toward streamlining our processes, and ensuring they are efficient - fit and use of SAP.

 

Qualifications:

Bachelor’s degree in Accounting/Finance or a related field is required (MBA preferred)

CPA/CA or equivalent certification would be preferred

4+ years of work experience in accounting and finance.

Experience managing business processes.

Professional training and experience in managing financial planning and accounting processes and delivering financial reporting.

Key Functional Skills:


  • Budget Management

  • Statutory Accounting

  • Financial Control

  • Business Process & Information Technology Effectiveness    

  • SAP, Excel, Word, Power Point

  • Team Player

  • Trusted Business Partner

  • Engage Budget Holders

  • Solid Communications Skills

 

Mars is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. If you need assistance or an accommodation during the application process because of a disability, it is available upon request. The company is pleased to provide such assistance, and no applicant will be penalized as a result of such a request.