Financial Resource Management Manager

Samsung•Plano, TX

4d•Onsite

About The Position

Samsung Electronics America, Inc. (SEA), headquartered in Englewood Cliffs, N.J., is the U.S. Sales and Marketing subsidiary and a leader in mobile technologies, consumer electronics, home appliances, enterprise solutions, and network systems. With over four decades of innovation and investment in the U.S., SEA employs over 20,000 people nationwide. The proposed position will be responsible for SEA resource management by reviewing all cost-related items for NAHQ divisions. The candidate will participate in planning and managing within budget, providing detailed expense analysis to division controllers and potentially the CFO. This role also supports the monthly forecasting and actual closing process by reviewing P&L statements and analyzing variances against forecasts.

Requirements

Bachelor's degree in Accounting or Finance or a related field from a four-year college or university.
At least 7-10 years of related accounting experience.
Previous financial modeling experience preferred.
Microsoft Office Suite of PC software applications experience with Excel spreadsheet preparation skills.

Nice To Haves

Accounting experience utilizing SAP Software

Responsibilities

Prepare and perform month-end closing from a managerial standpoint, using SAP Controlling (CO) module while closely monitoring expenses/cost allocation of various profit segments/cost centers.
Conduct profit analysis by reviewing monthly/quarterly/yearly Profit & Loss (P&L) statements and other financial reports, consolidating financial results, and tracking sales/profit and cost fluctuations against targets, previous forecasts, and prior years.
Investigate irregular financial trends by linking financial information with business results, previous variance analyses, in-depth raw data examination, and close communication with related business teams/divisions.
Conduct 3-month business forecasts, including comprehensive forecasts on overhead expenses and business environmental changes, to provide better financial visibility to management.
Review and analyze data inputted by Sales/Marketing teams during the monthly forecast process (price change, quantity change, SD/marketing spend) to understand the business impact for communication with CFO/controller and HQ GBM counterparts.
Review monthly financial reports, including sales & profit and O/H spending, before final reporting to CFO/Controller and leadership.
Review PUMIs for all NAHQ shared services departments (HR, Legal, Government Relations, Corporate Marketing) in advance of controller’s approval, ensuring cost validity and calculating potential impact to SEA P&L forecasts.
Guide each functional team on yearly budgets for major expense items, including social/travel expenses and IT expenses, to manage subsidiary OH from a high-level perspective.