5 days old

Director, Segment Finance

Sodexo
Chicago, IL 60602
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Unit Description

Sodexo is seeking a Finance Director to be a key member of the Account Leadership Team.  The position has full ownership of the financial performance of an account while also providing thought leadership on overall commercial management.  Expectation is that the Finance Director role conveys a high degree of executive presence and utilizes an impactful communication style that operates effectively at all levels of the organization.  Additionally, the Finance Director monitors and ensures accountability for financial performance.  Responsible for the processes and policies in a department or region, owns the development and monitoring of financial goals, forecasts, and resources relating to all accounts.  Reviews and analyzes account financial performance with the aim of providing actionable insights that deliver sustainable financial improvements.  Monitors productivity and staffing for accounts.  Develops future contracts, financial reviews and updates.   Forecasts, reports and analyzes the territory results.  Ensures accurate operating and administrative budgets.  Develops financial models for investment decisions.  Monitors control environment throughout the territory.  Monitors accounts receivable and works with operator's in collection efforts.  Ensures contract compliance.  Develops finance team direct reports based on skills and competency assessment.  Delivers financial training programs to on-account team members including contract training, financial literacy and commercial model reviews.  Acts as a change agent on the account in delivering financial best practices, assisting operational excellence efforts and supporting Corporate initiatives.

 

Core Competencies Needed: 

  • Managing Finances
  • Technical Skills
  • Managing Multiple Priorities
  • Project Oversight & Management
  • Building Strategic Relations
  • Talent Development
  • Strategic Leadership
  • Ability to Influence Key Decision Makers
  • Commercial Negotiations & Contract Management
  • Executive Presence
  • Change Management
  • Value Creation

Technical Duties and Responsibilities: 

Responsibilities:

  • Lead and coordinate general accounting and financial reporting, cost accounting, auditing, budgeting and forecasting, and systems.
  • Manage overall financial performance and attainment of financial goals of function.
  • Monitor and ensure accountability for financial performance, processes, and policies.
  • Ensure that assets, liabilities, revenues, and expenses for responsibility area are accurately reported and accounted.
  • Ensure that budgets and financial performance are in accordance with business strategic initiatives.
  • Plan or assist in planning annual or project-specific budgets.
  • Ensure accuracy and timeliness of financial data and statistics, including operating and administrative budgets.
  • Ensure accuracy of reporting in various formats as required by North America Alliance (e.g., GAAP, RMA, IFRS).
  • Effectively deliver recommendations for improved performance based on financial analysis that is understood and accepted by the account leadership team.
  • Review and analyze financial statements and data, and other appropriate financial information to monitor attainment of financial goals.
  • Review and develop forecasts, analyze operating entities' results, and ensure the accuracy of the operating and administrative budgets.
  • Assess and manage appropriate level of financial risks.
  • Analyze and interpret trends in actual financial performance.
  • Provide financial and commercial training as required to on-account team members.
  • Operate effectively in communicating and resolving financial issues with client team.
  • Create performance development plans for direct reports and ensure talent development goals are achieved within the finance function.

Duties:

  • Operates with a strong sense of ownership of the accounts financials performance. Willing to be bold in speaking to financial risks and process gaps, will escalate concerns beyond account team if necessary, to protect Sodexos financial position.
  • Prepare financial and management reports and procedures, and present findings and specific recommendations to senior management.
  • Examine financial records to verify details of recorded transactions.
  • Prepare financial statements and general ledger account reconciliations in accordance with GAAP, SEC, DCAA, and other regulatory requirements.
  • Analyze operating and financial statement information.
  • Analyze financial information to produce forecasts of business, industry, and economic conditions for use in making investment decisions.
  • Assist in the monthly/quarterly/year-end close process to ensure accuracy and integrity of results at the unit/district/region/division level.
  • Assist management with developing and monitoring account financial goals, forecasts, and resources.
  • Provide support to GM's/DM's/RVP's/DVP's in order to ensure accurate results and help improve profitability.
  • Conduct ad hoc analysis to support business growth and financial improvement actions as needed by Account or Corporate Finance Leadership
  • Support implementation of key strategic initiatives, new programs and process improvements as necessary
  • Develop a deep knowledge of the commercial and financial levers available within the account relationship. Make data-driven recommendations based on analysis and assessment that creates value for both the client and Sodexo
  • Support client lifecycle management activities that ensures Sodexos relationship with the client is viewed as mutually beneficial and results in contract renewal

Typical Knowledge and Skills  

  • Financial Acumen: The ability to interpret, analyze, and explain financial information. This includes understanding financial data and accurately interpreting financial statements and reports; identifying the key factors affecting the financial performance of the division, as well as the organization as a whole; using financial data to accurately diagnose business realities, identify key issues, and develop strategies and plans.
  •  Financial Processes: Knowledge of financial processes, such as cash handling, forecasting/budgeting, audit, contract, billing, capital, sales survey, pricing, and reporting.
  •  Financial Research: Ability to conduct comprehensive financial research.
  •  Accounting Knowledge: Knowledge of general accounting principles and current Sodexho accounting policies and procedures. This includes general accounting and financial reporting, cost accounting, auditing, budget and forecasting, payroll, accounts payable, and accounts receivable.
  •  Generally Accepted Accounting Principles (GAAP): Knowledge of the principles, practices, and techniques of accounting, including the Generally Accepted Accounting Principles (GAAP).
  •  International GAAP: Ability to analyze financial statements to determine compliance with U.S. GAAP as it relates to reconciled financial statements from local GAAP. This includes both international and country-specific GAAP accounting rules.
  •  Cost Accounting: Knowledge of cost accounting and analysis techniques (e.g., activity based costing, standard costing, cost performance measurement, benchmarking techniques) used within a business environment.
  •  Budgeting: Knowledge of budgeting guidelines, practices, and techniques and the ability to perform budgeting activities, including complex payment schedules and criteria.
  •  Sarbanes/Oxley Compliance: Knowledge of policies and procedures required for compliance under the Sarbanes/Oxley Act.
  •  Results Communication: Ability to translate highly technical financial information to non-technical audiences.
  •  Project Budgeting: Knowledge of project budgeting procedures, including financial forecasting and preparation of documents.
  • Data Systems Maintenance: Ability to maintain and update data system templates (e.g., year-end forms, cash flow templates, key ratios, allowance for loan loss) to ensure templates contain current reporting requirements.
  • Business Planning: Knowledge of business planning and rolling estimate processes and procedures. This includes the ability to apply forecasting techniques, develop and evaluate business goals and strategies, analyzing information to derive insights and implications to initiate planning and/or re-planning, and controlling actual results versus budget
  • Foreign Exchange: Knowledge of the impact of changing exchange rates on the financial statements of Sodexho.
  • Forecasting: Knowledge of and the ability to make future projections (e.g., volume, financial statements, economic data, consumer preference, headcount) and use these projections to help plan future operations.
  • Auditing Standards: Knowledge of professional auditing standards, processes and procedures, including auditing standards of the American Institute of Certified Public Accountants (AICPA), Institute of Internal Auditors (IIA), Committee of Sponsoring Organizations (COSO), Information Systems Audit Control Association (ISACA), and International Organization of Standards (ISO) to ensure Sodexho's rights are protected against regulatory encroachments.
  • Consolidation: Knowledge of Sodexho's financial statement consolidation process, including the impact on management reporting.
  • Analysis: The ability to systematically gather information from a variety of sources, analyze information, identify implications of data, draw appropriate conclusions, generate viable alternative solutions to a question or problem, and evaluate the consequences of choosing each alternative.
  • Decision Making: The ability to know when a decision needs to be made and having the readiness to make timely, sound decisions. This includes selecting the most promising alternative or course of action that is consistent with sound business practices, and with overall Company practices; recognizing when outside advice is needed; and committing to action, even in uncertain situations.
  • Achieving Solutions: The ability to effectively resolve problems. This includes identifying and analyzing key information from multiple sources; facilitating the determination of the root causes of problems and finding solutions to eliminate them; proactively anticipating potential problems and implementing or modifying systems to prevent their occurrence; and recommending alternative solutions to resolving issues.
  • Effective Presentation and Communication: The ability to read the audience and tailor communications as appropriate.  The includes being able to speak articulately to Senior Leadership in a manner that synthesizes complex information into a concise summary enabling executive decisions to take place.
  • Influence:  The ability to persuade team members from other business and functional areas to support a decision or insight even when direct reporting lines are not established
  • Negotiation:  The ability to address financial and commercial concerns with client partners while working to a productive solution that protects Sodexos financial position
  • Diversity Awareness/Sensitivity: The ability and willingness to be aware of, understand, and behave in a manner that is respectful of the diverse cultural, ethnic, racial, religious, gender, educational, age, sexual orientation, linguistic, professional, and other differences that make us unique. This includes clearly communicating and reinforcing aims and goals of team, diversity, unity, cooperation, and excellence.

 

Position Summary

Manages professional employees and/or supervisors or individual contributor that supervises strategic large, complex support, production or operations function. Has accountability for the performance and results of a team or complex area within finance in assigned Segment. At highest levels responsible for partnering with Segment senior leaders on Finance strategy for the assigned Segment. Handles general accounting and financial reporting, cost accounting, auditing, budgeting and forecasting, and systems individually and in consultation with Centers of Excellence as appropriate. Responsible for providing oversight and direction to Unit Finance. Adapts departmental plans and priorities to address resource and operational challenges. Decisions and problem-solving are guided by policies, procedures and business plan; receives guidance from senior manager. Provides technical guidance to employees, colleagues and/or customers.

Qualifications & Requirements

Basic Education Requirement - Bachelors Degree or equivalent experienceBasic Management Experience - 5 yearsBasic Functional Experience - 5 years Sodexo is an EEO/AA/Minority/Female/Disability/Veteran employer.

Posted: 2020-03-23 Expires: 2020-04-23

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Director, Segment Finance

Sodexo
Chicago, IL 60602

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