Financial Analyst, Athlete Marketing

Red Bull•Santa Monica, CA

About The Position

This role will support with all aspects of planning, analysis, and reporting for Athlete Marketing. This person will work alongside the Athlete sub-verticals (Athlete Marketing, Aviation, Mass Action, and Squads) and support in resource allocation, evaluating direct and indirect spend, and driving reporting and forecasting. This position will be responsible for all areas of Athlete Compensation planning (Base Comp, Bonus/Bonus Hedging, Athlete Marketing expenses, etc). It will also support the Athlete Performance Center, and be responsible for Consumer Marketing Indirect budgets during planning, reporting, and close. This role will be responsible for approximately $33M in Direct marketing budget and will serve as a business partner (along with the Director of Marketing Finance) to the Sr Director of Athlete Marketing and their direct reports.

Requirements

Bachelor’s degree in Finance /Accounting/ Business from an accredited college or university
2-5 years experienced in Finance; prior CPG experience a plus
Excellent Microsoft excel and PowerPoint skills, familiarity with any integrated business analysis tool (SAP BI/ Hyperion).
Must be self-motivated and proactive and be able to work under pressure in a fast-paced team environment.
Good communication and presentation skills with peers, stakeholder and leadership.

Responsibilities

PLANNING AND REPORTING Lead the process for FRE/SRE/BP for Athlete marketing. You will take a key role in coordinating the planning process across all Athlete verticals to ensure their financial targets are achieved.
Support the Business Plan/Revised Estimate process via timeline communication, template creation and acquiring the required inputs from budget owners for the purpose of loading into BI.
Develop a methodology to drive the allocation of resources within your respective departments. This will be most critical for Events, where targets are established centrally and allocated to the regions.
Challenge and influence the budget owners during the planning process, in alignment with business priorities and strategies.
Prepare and distribute a detailed monthly report to assist department heads in managing their direct and indirects spends. This includes commentary on brand results, project/internal order, account, and cost centers.
Perform controlling activities for preventing budget overspend by overseeing the actual marketing and indirect expenses recorded in the month.
Establish regular budget reviews to understand results, ensuring adherence to controlling guidelines and potential impacts to full-year estimates.
Analyze data and trends to identify budget risks or opportunities or risks and propose alternatives.
PERIOD CLOSING Drive the monthly and annual period closings for Athlete marketing, performed close activities in alignment with month and year-end calendars.
Coordinate the monthly accrual process for your department by following the cost-revenue matching principle (i.e. accrual accounting).
Drive and manage constant improvements to the monthly close and accrual process.
Ensure actuals post in accordance to controlling guidelines by identifying and correcting any potential IO/GL combination errors.
Ensure the reconciliation of systems (SAP/BI/Hyperion).
BUSINESS PARTNERSHIP Work alongside Athlete vertical leads and their teams to develop a strong understanding of their departmental priorities and strategies.
Establish trust with business partners by having a service mentality but also challenging them by asking questions while providing suggestions and insights.
Partner with budget owners to increase the effectiveness of resource allocations and ensure overall budget adherence.
Provide leadership on important initiatives while acting as the Finance lead on key projects.
Turn fact-based insights into action, influencing business partners to create actionable plans and timely decision making.
Hold on-site and online trainings for marketing team members to fully understand financial processes and requirements.
PROJECT SUPPORT Support in special projects intended to drive new insights to the business while enhancing personal and Finance team development.
Support structural changes (new profit centers, IO creation, hierarchies, etc.)
Provide year-end Audit support.
Assist with the implementation and communication of Global financial initiatives intended to improve overall cost controlling.