Financial Resource Management Manager

Position Summary

Headquartered in Englewood Cliffs, N.J., Samsung Electronics America, Inc. (SEA), the U.S. Sales and Marketing subsidiary, is a leader in mobile technologies, consumer electronics, home appliances, enterprise solutions and networks systems. For more than four decades, Samsung has driven innovation, economic growth and workforce opportunity across the United States—investing over $100 billion and employing more than 20,000 people nationwide. By integrating our large portfolio of products, services and AI technology, we’re creating smarter, sustainable and more connected experiences that empower people to live better. SEA is a wholly owned subsidiary of Samsung Electronics Co., Ltd.
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The proposed position will take the responsibility to SEA resource management by reviewing all cost related items for NAHQ divisions. Representing SEA resource management team, candidate will take part in planning and managing within budget and will provide detailed expense analysis to division controllers directly and CFO if necessary. During monthly forecasting and actual closing process, the role will also support with reviewing P&L statement and providing close analysis of variance against prior forecast.

Role and 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.
• By reviewing monthly/quarterly/yearly Profit & Loss (P&L) statements and other financial reports consolidating financial results, conduct profit analysis vs target, previous forecast and prior year in order to track sales/profit and cost fluctuations.
• 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 as well as of business environmental changes to provide better financial visibility to management.
• During monthly forecast process, reviewing and analyzing the data inputted by Sales/Marketing teams (price change, quantity change, SD/marketing spend) to understand the impact to business 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 department including HR, Legal, Government Relations and Corporate Marketing in advance to controller’s approval, and make sure to understand the validity of the cost and calculate potential impact to SEA P&L forecasts
• Guide each functional teams on yearly budget on major expense items including social/travel expenses and IT expenses in order to manage subsidiary OH in high-level perspectives.

Skills and Qualifications

• Bachelor's degree in Accounting or Finance or a related field from a four-year college or university.
• Have at least 7~10 years related accounting experience with previous financial modeling experience preferred.
• Have accounting experience utilizing SAP Software (Desirable).
• Must have Microsoft Office Suite of PC software applications experience with Excel spreadsheet preparation skills.

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