Sourcing & Procurement Finance Analyst

Job Description

Job Description

THIS POSITION IS ONSITE IN ATLANTA, GEORGIA!

Reliance Worldwide Corporation (RWC) is a global provider of water control systems and plumbing solutions for domestic, commercial and industrial applications. Founded in 1949, the RWC family of brands has continually evolved to exceed global industry standards with diversified manufacturing and distribution operations across three continents. RWC has dedicated more than 70 years to its business, brands and products, and maintains a commitment to innovation by investing in high-value automation to remain competitive in the global environment. With more than 700 intellectual property assets globally, comprising patents, industrial designs and trademark registrations, RWC continues to invest in research / development and engineering resources to bring innovative new products to the market.

In order to fund its next stage of growth and maintain its aggressive trajectory, RWC went public on the Australian Securities Exchange (ASX : RWC) in April of 2016. With manufacturing and distribution operations across Europe, Canada, Australia, New Zealand, China and the US, RWC is well positioned for continued product expansion and market growth in the years to come. Both RWC’s Global and US headquarters are based in Atlanta, Georgia.

Position Description

Since 2012, RWC Americas’ revenues have tripled and now make up over 65% of the company’s worldwide consolidated revenues; it expects to more than double those revenues through continued organic and acquisition means in the coming years.

The Sourcing & Procurement Finance Analyst will report to the Americas’ Operations Accounting Manager and work closely with the Operations Controller and Director of Finance. They will interface with members across many functional areas, primarily focused on supporting the dynamic needs of our business throughout the United States, Canada and China. They will be responsible for various sourcing and procurement finance & accounting activities as described below. The Sourcing & Procurement Finance Analyst will also serve as the primary administrator for ensuring the region is properly reporting and paying duties and freight and be instrumental in developing and implementing improved processes to achieve more accurate and timely financial reporting that supports the overall business, providing a foundation for escalated growth and continued acquisitions.

Principal Responsibilities

• Analyze US import tariffs to ensure RWC is reporting and paying the correct amount of duties based on evolving tariff changes, including regular review / audit of HTS codes on imported materials.
• Manage freight & duty standard cost assumptions (based in part on HTS work above), including building budgeted assumptions, forecasting and reconciliation of variances.
• Key role in the annual cost roll process.
• Develop and maintain tariff dashboards and analyze tariff data for accurate pricing calculations and cost visibility.
• Develop an understanding of RWC Americas’ third-party customs, freight and logistics broker / providers (e.g., V. Alexander & BlueGrace Logistics, etc.) costs, rates, and reporting. Establish a working relationship and build out a detailed reporting framework for duties and tariffs.
• Work alongside third-party customs broker (i.e., Livingston International) to ensure that RWC is receiving the maximum amount of duty drawbacks possible. With that, this position will be responsible for standing up the international drawback process working with the Director of International sales and third-party duty drawback company.
• Analyze purchase plans, pricing, and variances to ensure variances are understood / minimized.
• Support finance, sourcing and logistics departments by reporting and interpreting tariff-related data.
• Gain an understanding of RWC imported products, HTS codes and country of origin and provide recommendations to drive cost savings.
• Work directly with strategic sourcing on cost savings initiatives (review sourcing activities regularly with Strategic Sourcing partners for opportunities on mix, price, new vendors, etc.).
• Support procurement team in supplier reviews and contract negotiations.
• Develop and maintain the accounting for all vendor rebate programs.
• Accurately calculate and post a variety of journal entries related to month-end including but not limited to customs & freight accruals, vendor rebate accruals, other current and non-current assets & liabilities, etc.
• Prepare monthly account reconciliations for assigned balance sheet accounts.
• Assist with analyzing both the balance sheet and the income statement to ensure accuracy; perform variance analysis from budget, forecast, and prior periods.
• Support Americas’ Operations Accounting Manager, Operations Controller, and Director of Finance as needed.
• Respond to requests from leadership and prepare ad hoc reports and analysis as needed.
• Assist with yearly budget process and quarterly forecast updates.
• Prepare supporting documentation as needed for annual audits and other external agencies & firms.
• Analyze data and procedures for opportunities to improve financial controls and reduce cost to the business.
• Participate in a wide variety of special projects and compile a variety of ad hoc reports that will be critical in the assessment of various business decisions and investments.

Ideal Candidate Requirements / Attributes

The desired candidate will be a passionate, high-performance individual who has a demonstrated history of performing diverse and agile accounting functions in a manufacturing enterprise in a public company environment. The Sourcing & Procurement Finance Analyst will strive to be a business partner, with a grounding in policy compliance and fiduciary responsibilities. The Sourcing & Procurement Finance Analyst will be comfortable working in a fast-paced and dynamic environment, excited to problem-solve and work with ambiguity and autonomy. They will thrive being a part of a high-performing team of a growing company. They will be able to use sound judgment in decision making and work with a sense of urgency. The Sourcing & Procurement Finance Analyst should be comfortable taking on new tasks and responsibilities while also maintaining routine best practices and operations, increasing documentation around procedures, and learning new “ways of working” as RWC continues to invest in its financial reporting and analytical capabilities. Strong communication skills highly preferred due to the variability of the business partner range of influence. They must be willing to travel as needed (travel will likely be 15-25 percent on an annual basis).

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Experience

Specialized Skills