Senior Financial Analyst

Company Description

Fortune Brands Innovations, Inc. is an industry-leading home, security and digital products company. We’re focused on exciting opportunities within the home, security and commercial building markets. Our driving purpose is to elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too.

At Fortune Brands, we’re building something big. We’re advancing exciting innovations in all of our products and processes. We’re delivering trust, dependability, sustainability, and style. To make it all happen, we’ve transformed our workplace into an environment where smart, ambitious people have the support to reach their fullest potential.

When you join Fortune Brands, you become part of a high-performing team empowered to think big, learn fast and make bold decisions. We support an inclusive culture where everyone is encouraged be their authentic selves, and where our differences and unique perspectives are a key strength.

Explore life at Fortune Brands here.

The Sr. Financial Analyst, Global Sourcing will provide support to the sourcing organization with insights into the impacts of market changes on direct material spend across FBIN. Efforts will be focused around tracking, reporting, and forecasting inflation/deflation, purchase price variance, continuous improvement activities, and cash flow impact of extending payment terms.

DUTIES AND RESPONSIBILITIES:

• Provide financial support and guidance (monthly reporting, ad hoc analysis, accounting/forecasting support, etc.) to global sourcing organization with $2B+ in annual spend.
• Prepare monthly reporting and communication of purchase price variance, inflation, and CI.
• Prepare input to monthly forecasts and annual plans for direct sourcing around inflation, CI, and PPV.
• Forecast supplier price changes based on commodity/currency markets.
• Track currency/commodity trigger impacts for suppliers on trigger contracts.
• Prepare PPV analysis for forecast/actuals/plan and provide insights into key variances.
• Provide inputs into the annual costing cycle to ensure we have the appropriate costs.
• Prepare standard cost roll analysis inclusive of expected inflation/deflation and MCTO impacts.
• Provide quarterly commodity inflation schedule including actuals/forecast/plan.
• Provide tracking and accruals for vendor rebates.
• Work with the sourcing team to improve customer payment terms.
• Provide financial guidance and oversight to supplier negotiations and contract development.
• Prepare schedules around PPV, inflation/deflation, and MCTO for monthly operations reviews.
• Drive continuous improvement across work processes.

REQUIRED QUALIFICATIONS:

• Bachelor’s degree in Finance, Accounting, Business, or a related field.
• 5+ years of experience in finance, accounting, or related field required. 7+ years of experience preferred.
• Proven analytical, technical, and problem-solving skills.
• Strong Microsoft application skills (Excel, Outlook, Word and PowerPoint) and other analytical systems/tools and ability to translate information into meaningful presentations.
• Ability to handle pressure and deadlines as well as perform job responsibilities with minimal supervision.
• Excellent written and oral communication skills with the ability to communicate effectively across all levels of the organization.
• Ability to work well with others and as part of a team.

PREFERRED QUALIFICATIONS:

• MBA, CPA, or CMA is a plus.
• Experience with financial systems such as Oracle, SAP, BPC, HFM, Essbase, or Tableau.

Fortune Brands believes in fair and equitable pay. A reasonable estimate of the base salary range for this role is Hiring Pay Range: $70,000 USD - $110,000 USD. Please note that actual salaries may vary within the range, or be above or below the range, based on factors including, but not limited to, education, training, experience, professional achievement, business need, and location. In addition to base salary, employees will participate in either an annual bonus plan based on company and individual performance, or a role-based sales incentive plan.

At Fortune Brands, we support the overall health and wellness of our associates by offering comprehensive, competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates’ unique needs. This includes robust health plans, a market-leading 401(k) program with a company contribution, product discounts, flexible time off benefits, adoption benefits, and more. We offer numerous ERGs (Employee Resource Groups) to foster a sense of belonging for all associates.

Fortune Brands is built on industry-leading brands and innovation within the high-growth categories of water, outdoors and security. The Company makes innovative products for residential and commercial environments, with a growing focus on digital solutions and products that add luxury, contribute to safety and enhance sustainability. To learn more, visit our website at fbin.com.

Equal Employment Opportunity

Fortune Brands is an equal opportunity employer. Fortune Brands evaluates qualified applicants without regard to race, color, religion, sex, gender identity or expression, national origin, ancestry, age, disability/handicap status, marital status, protected veteran status, sexual orientation, genetic history or information, or any other legally protected characteristic.

Reasonable Accommodations

Fortune Brands is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please contact us at [email protected] and let us know the nature of your request along with your contact information.

Important Notice: Protect Yourself from Fraudulent Job Postings

To protect yourself from fraudulent job postings or recruitment scams, please note that Fortune Brands job postings are exclusively hosted on our website at fbin.com/careers via our SmartRecruiters platform. Fortune Brands will never request banking information or sensitive personal details until an offer of employment has been accepted and the onboarding process begins.