CDT Finance Manager, Saudi📣 Job Ad
in Colgate-palmolive
about 1 hour ago
| Contract Type | Full-time | |
| Workplace type | On-site | |
| Location | Makkah |
About the Role
Colgate-Palmolive, a global consumer products company operating in over 200 countries, is seeking a CDT Finance Manager for its operations in Jeddah, Saudi Arabia. This role is integral to the company's mission of reimagining a healthier future for people, pets, and the planet, guided by core values of Caring, Inclusivity, and Courage. The Finance Manager will play a crucial role in financial planning, pricing strategies, gross-to-net management, and ensuring robust financial controls within the Customer Development Team (CDT).
Key Responsibilities
- Maintain customer terms and conditions records by region and by customer, preparing annual sales and GTN (Gross to Net) estimates in collaboration with the Cluster General Manager, CDT, and Retail Marketing, based on customer contracts, activity grids, and Colgate-Palmolive sales budgets.
- Manage the planning and closure of Latest Estimate (LE)/Budget volume, pricing, and GTN up to Net Sales (NS) within the Plan to Act (P2A) tool.
- Support the Cluster General Manager in the preparation of Customer Development (CD) decks, with a specific focus on financial slides.
- Maintain the pricing structure and price master data, performing monthly validation of SAP Pricing Conditions against the Pricing Master, and acting as a backup for price master data updates.
- Prepare margin simulations and conduct pre- and post-Return on Investment (ROI) analysis for requests.
- Drive budgeted Sales Price Increases (SPIs) and provide quarterly updates on implemented SPIs.
- Partner with customer teams and Colgate-Palmolive cross-functional departments on the preparation and roll-up of quarterly GTN estimates, managing the pre-approval process to ensure all GTN commitments to the trade are adequately provisioned in the company's financials.
- Conduct continuous reviews of internal controls and discuss any exceptions with the Hub CDT Finance team.
- Manage GTN P&L accruals via the Rebate module, validate GTN top-down figures provided by CBS Mumbai, oversee clearing and balance sheet account reviews, and prepare pivot table analyses and GTN optimization plans.
- Validate GTN claims, verify proof of performance against system reports, and approve customer claims within the FMP system.
- Participate in monthly calls with Hub CDT Finance for the closing of Colgate-Palmolive Global Sales (GS)/GTN/NS actuals, including OG estimates and GTN balance sheet analysis, and upload data into the Blackline tool.
- Conduct sales growth analysis, prepare monthly/quarterly Selling, General, and Administrative (SGA) adjustments, and provide sales commentary for actuals, budgets, and revisions.
- Review accounts receivable aging with the CBS West team to ensure timely accounting, maintenance, and resolution of A/R with customers.
- Prepare customer/retailer P&Ls and conduct periodical market/customer visits for oversight of GTN execution.
- Coordinate audits, including distributor audits, Colgate-Palmolive New York audits, SOX, and statutory audits.
Qualifications and Requirements
- A Bachelor's Degree is required.
- A minimum of 6 years of experience in Finance is necessary.
- Experience required is 5-10 years.
Required Skills
- Proficiency in SAP is essential.
Work Environment
This is a full-time position based in Jeddah, Makkah, Saudi Arabia. Relocation assistance is offered globally.
Requirements
- Requires 5-10 Years experience
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