Commercial Finance Lead

Established in 1806 as a small soap and candle business in New York City, Colgate-Palmolive is now a truly global company with products sold in over 200 countries and territories under such internationally recognized brand names as Colgate, Palmolive, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom's of Maine, Sanex, Ajax, Axion, Soupline, Haci Sakir, Suavitel, PCA SKIN, EltaMD, Filorga and Hello as well as Hill's Science Diet and Hill's Prescription Diet.

Colgate-Palmolive is a leading consumer products company that serves hundreds of millions of consumers worldwide with brands and products across four core businesses – Oral Care, Personal Care, Home Care and Pet Nutrition. We are committed to offering products that make lives healthier and more enjoyable, and programs that enrich communities around the world.

Every day millions of people trust our products to care for themselves and the ones they love. Our goal is to use our technology to create products that will continue to improve the quality of life for our consumers wherever they live.

A career at Colgate-Palmolive is an excellent opportunity if you seek a global experience, constant challenge, and development opportunities in an environment that respects work/life effectiveness.

Job Title: Commercial Finance Lead

Travel Required?: No Travel

Hybrid

No Relocation Assistance Offered
Job Number #163753 - Selangor, Selangor, Malaysia

Who We Are

Colgate-Palmolive Company is a global consumer products company operating in over 200 countries specializing in Oral Care, Personal Care, Home Care, Skin Care, and Pet Nutrition. Our products are trusted in more households than any other brand in the world, making us a household name!

Join Colgate-Palmolive, a caring, innovative growth company reimagining a healthier future for people, their pets, and our planet. Guided by our core values—Caring, Inclusive, and Courageous—we foster a culture that inspires our people to achieve common goals. Together, let's build a brighter, healthier future for all.

About Us:

Do you want to come to work with a smile and leave with one as well? In between those smiles, your day consists of working in a global organization, continually learning and collaborating, having stimulating discussions, and making impactful contributions!

If this is how you see your career, Colgate is the place to be!

Our dependable household brands, dedicated employees, and sustainability commitments make us a company passionate about building a future to smile about for our employees, consumers, and surrounding communities. The pride in our brand fuels a workplace that encourages creative thinking, champions experimentation, and promotes authenticity which has contributed to our enduring success.

If you want to work for a company that lives by their values, then give your career a reason to smile...every single day.

Job overview

As the Commercial Finance Lead, you will lead the team that is responsible for reporting & analytics, coordinating resolution of customer financial issues and providing information for rebates / customer promotional planning. Responsibilities include, but are not limited to overseeing distributor growth bonus calculation and promotion validation documentation, trade rebate entry and preparation of GtN summary reporting, coordination (with Customer Development and CBS) of timely local responses to AR deduction or Customer Audit Claim issues, coordination of timely local responses to unauthorized Customer Return issues, and order blocking.

What will you do

1. Forecasts & Reporting
2. Lead monthly Commercial Business Planning process
3. Elaborate and communicate sales quarterly targets
4. Provide Local Team with reports highlighting how the team is progressing vs targets
5. Drive ROI (Return on Investment) mindset and develop analysis for the team on main promo mechanics
6. Provide Sales team with all necessary analysis for customer’s yearly negotiations
7. Gross to Net (Rebates) accuracy and completeness
8. Ensure GTN accuracy by mastering promotions information flow from Rebate accrual creation to settlement
9. Understand flow of information and approval need from CBP (sales planning tool) to SAP
10. Make sure that Temporary Price Reductions (TPR) are in accordance with price strategy
11. TPRs and EDLP (Everyday Low Price) discounts are entered into SAP on a daily basis
12. Make sure that approvals are obtained for relevant price reduction
13. Manage pricing conditions in SAP (contracts)
14. Monthly reporting of GTN by customer’s account and nature of discount
15. Maintain close partnership and communication with Sales team and General Manager
16. Attend sales meetings
17. Monthly Closing
18. Check completeness of rebates for GTN, adjust with manual rebates where needed
19. Check completeness of invoicing with Shared Service Center
20. Complete monthly SOX testing requirements
21. Close Sales in SAP PA - analytical accounting
22. Reconciliations of balance sheet and income statement G/L accounts
23. Accounts Receivable & Treasury
24. Collection and credit review to avoid any credit risk
25. Various Monthly/quarterly/yearly reporting & commentary
26. Ensure timely clearing of account receivables and accuracy of customer’s statement of accounts
27. Cash forecasting and managing bank account’s fund
28. Ensure all the remittances are smoothly processed

Requirements

1. Holds a degree in accountancy or professional accounting qualifications (ACCA/CPA)
2. Minimum 10+ years of work experience in FP&A, Budget Planning, Planning analysis, Commercial Finance, Financial Analysis or related field
3. Proven experience as a business partner to the commercial functions (Sales/Marketing) due to overall business understanding & perspective.
4. Capable of delivering high quality and accurate work while respecting short lead times due to strong planning & priority setting
5. Ownership & initiative to drive and ensure optimal business tracking & understanding throughout the company
6. Proven strategic and analytical thinking capability
7. Self-starter who can work well both independently and across multi-level stakeholder group

Our Commitment to Diversity, Equity & Inclusion
Achieving our purpose starts with our people — ensuring our workforce represents the people and communities we serve —and creating an environment where our people feel they belong; where we can be our authentic selves, feel treated with respect and have the support of leadership to impact the business in a meaningful way.

Equal Opportunity Employer
Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law.

Reasonable accommodation during the application process is available for persons with disabilities.

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