FINANCIAL PLANNING & ANALYSIS LEAD, PRODUCT COST
Ref #:
W160311
Department:
Finance
City:
Lai Chi Kok
State/Province:
Kowloon
Location:
Hong Kong
Company Description
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands.
At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
Position Overview
Reporting to the Head of Financial Planning & Analysis – Gross Margin and Product, the individual will lead a team to partner with the Global Sourcing Organization in the optimization of product cost, duties, risk and lead time while preserving brand equity.
Essential Duties & Responsibilities
- Analyze and provide insights to enhance the effectiveness of the Global Sourcing Organization by (but not limited to):
- Supporting Supply Chain operations to develop robust Sourcing strategy scenarios to balance total cost, quality, brand equity, lead times and risk while meeting our sustainability and compliance goals.
- Driving analytics and processes to evaluate product factory cost against macros, identifying cost reductions, and tracking to realization seasonally, annually, and for strategic plans.
- Evaluating customs and duty optimization, including financial management of first sale program with vendors.
- Development and execution of a cost-to-serve evaluation framework to access the effectiveness and efficiency of the Global Sourcing Organization.
- Assist the Sourcing organization in their overall vendor evaluation process by providing a financial risk evaluation of vendors and tier 2 suppliers using 3rd party information.
- Coordinating with Raw Materials Procurement to maintain the financial analysis of the raw material fabric liability, any prepayment thereof and write off.
- Leading and contributing to ad hoc projects to drive sourcing optimization with measurable outcomes.
- Help to build the financial acumen of the Sourcing Organization.
- Publish timely performance updates including insightful analysis on results and initiatives.
- Work with Senior Management to develop and present key quarterly and annual business performance updates, coordinating input and insights from functional teams.
- Develop a comprehensive understanding of the operating models and legal structures in place impacting the Sourcing Organization to serve as the first point of contact for both the subject matter experts (Tax, Treasury, Legal, Cost Center FP&A) and the Sourcing Organization.
- Leverage advanced Business Analytics tools, Artificial Intelligence, and bots to facilitate analysis of large data sets and enhance decision-making capabilities.
- Generate routine and ad hoc analysis on key initiatives and metrics, identifying key variance drivers and actionable insights.
Experience, Skills & Knowledge
- Bachelor’s degree in Accounting/Finance or any business-related discipline.
- Professional qualification, such as Qualified Accountant or CFA, is a strong plus.
- Minimum 8-10 years of combined Accounting & Financial Planning experience in Multinational Corporations, with exposure to supply chain or sourcing functions preferred.
- Excellent organizational skills including ability to multi-task, prioritize, and meet tight deadlines.
- Self-motivated and strong leadership skills and a proven ability to manage a team
- Proactive, flexible and a can-do attitude.
- Advanced MS Excel, Word, and PowerPoint skills. Experience with Power BI, Tableau, or similar reporting tools is highly desirable.
- Effective communication skill and excellence interpersonal skill, with the ability to influence and build strong cross-functional relationships.
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Skills
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