Commercial Finance Manager- South Korea

Role: Commercial Finance Manager - South Korea

Join the Worlds #1 Sports Nutrition brand!

Glanbia Performance Nutrition’s purpose is to inspire people everywhere to achieve their performance goals! We are the world’s leading premium sports nutrition company with Optimum Nutrition, Isopure, SlimFast, BSN, Amazing Grass and Nutramino among the brands in the portfolio today. We have ambitious plans for the future, and as a values-led organisation, we’re focused on driving sustainable business performance the right way.

Reporting into the Finance Director - Asia, the Commercial Finance Manager will be responsible for the following:

Commercial Finance Lead

• Work with the Sales Team in the Annual Customer negotiation
• Channel & customer profitability – understanding the levers and supporting the business in driving the same
• Responsible for maintaining all the legal agreements with list and signed copies (Athletes, Customers, others)
• Track customers/distributors’ inventory reports.
• Assist in preparing ROI calculation of Commercial Spends – Marketing & Trade spend.
• Prepare and Maintain Various Value Chain for different Channels of Trade
• NPD Costing and profitability
• Month end Closing for the Business
• Help the Marketing Team in managing their spends and assessing the ROI.
• Control over the Overheads of the South Korea entity.

Budget/Forecast

• Manage the Budget/Forecast cycle for Korea entity
• Co-ordinate with the commercial and marketing team in the Region in:
• Getting the sales forecast details for Budget/Forecast
• Getting the marketing expenses details with the plan
• Overheads – Plan and initiatives
• Work with the business to assess Risk and opportunities on an ongoing basis
• Work with the business to ensure all Initiatives planned in the Budget are on track

Customers’ Trade spend management – South Korea Business

Responsible to ensure that all the Claim settlement are being completed correctly and on time:

• Claim Review and Processing: Review all claims received from National distributors/customers for FDM, Specialty and Online Channel
• Periodic reconciliation and no dues process

Actuals Reporting

• Monitor sales order, tracking against Budget/Forecast/Latest Estimate
• Prepare and distribute monthly commercial pack with the analysis to the commercial team.
• Tracking Monthly Actual Expenses against Budget and Variance Analysis
• Monthly Reconciliation of the Legal entity and with the Commercial Pack and compare the same with Budgets and Forecasts
• Work with the EMEA Controls Team to ensure that the Group provisioning and accounting processes are followed.
• Support the Business with any local compliance reporting like ESR , Stat Audit etc.

Ad-Hoc Projects

Assist in any ad-hoc projects required to support business growth and profitability in the Region as well as for process improvements.

Education/Experience:

• Qualified Finance professional with 10-12 yrs post degree experience in MNC CPG
• Experience in commercial financial and accounting practice
• Well-developed English language skills (reading/writing and oral) with effective communication skills
• Experience working with SAP financial planning, analysis & reporting tools
• Experience in managing complex stakeholders and a passion for process improvement

Knowledge, Skills and Abilities:

• Hands on operator who should roll up their sleeves and get the job done working independently with little supervision.
• Strong problem solving skills with high attention to details and final outcomes.
• Sound accounting, reporting and analytical skills
• Strong communication and interpersonal skills
• Be a strong team player and demonstrate dedication to group and company goals
• Ability to work under pressure to meet varying deadlines and work volumes
• Self-motivated with initiative and performance driven
• Excellent analytical skills; able to identify and solve complex analytical problems and draw conclusions through analysis of data in real time and on demand

At Glanbia, we celebrate diversity, because we know that our individual strengths make us stronger together. We welcome and encourage interest from a wide variety of candidates, and we will give your application consideration, without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, or disability status. 

At Glanbia our culture will celebrate individuality, knowing that together we are more.