Finance Director - Korea

Posted:
10/21/2024, 5:00:00 PM

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

PURPOSE:

The role is a key leadership position with responsibility for Columbia Korea’s financial functions. This includes all aspects of financial leadership, including financial planning and analysis (FP&A), accounting, legal/compliance, tax, credit, treasury, and people development. The role will provide strong decision support to the Korea GM and build collaborative cross-functional relationships to implement key financial strategies and initiatives to expand the Korea business. This includes being a business partner with a growth mindset and leading and devel

oping a strong finance team.

RESPONSIBILITIES / ACCOUNTABILITIES:

FP&A Leadership:

  • Performs financial planning processes, including forecast, budget and long-range planning.
  • Actively partner with the business to define and reach financial goals.
  • Drives processes to monitor, analyze and report on performance against the plan to all stakeholders, including insightful analysis and recommendations.
  • Ensures management is fiscally responsible and well-informed of financial implications of critical decisions.

Core Accounting Management:

  • Ensures timely and accurate accounting and reporting for operations in compliance with evolving local and corporate regulations and requirements.
  • Continuously evaluate and improve accounting processes to maximize efficiency and effectiveness.
  • Ensuring adequate internal control environment and driving culture of compliance.
  • Safeguards the company assets, including cash and inventory.
  • Evaluate and manage risk as it relates to the company reserves.

Credit and Cash Management:

  • Oversees credit department and facilitates credit interaction with other departments.
  •  Intervenes in main customer or distributor credit line issues and coordination with other involved departments.
  • Manages the local treasury team, working directly with the corporate treasury team to manage banking and credit card relationships as well as providing cash flow projections.

Decision Making Support:

  • Supports executive decision making by providing objective financial input, serving as a critical thinker and recommending appropriate courses of action.
  • Maintains a local mindset while also operating within the corporate vision to establish global alignment and approval.
  • Develops compelling financial justification (ROI modeling) for key investment projects.
  • Leads finance team during cross functional initiatives and projects to meet agreed upon deadlines and exceed financial benefits.

Business Partner:

  • Collaborates cross-functionally to contribute to the smooth flow of information, aligned business plans, and process efficiency.
  • Solutions-oriented with ability to influence business partners in matrix environment to maximize long-term, sustainable growth and profit opportunities.  

People Management:

  • Leads, coaches and supports Finance team to perform their responsibilities in the most effective and efficient way, considering strategic and operational priorities.
  • Sets personal goals and objectives, drives continued individual professional development and engages managers to succeed.
  • Drives a culture of collaboration, continuous improvement, and excellence of service.

REQUIREMENTS (education, experience, competencies and specific job requirements):

Experience:

  • Minimum of 15 years progressive management experience in accounting, finance, or relevant discipline.
  • Minimum of 5 years of team leadership experience.
  • Prior experience working in a global consumer goods organization; retail experience strongly preferred.
  • SEC reporting and compliance experience preferred.

Knowledge/professional skill:

  • Collaboration: Working effectively and cooperatively with others with demonstrated experience building cross-functional work streams.
  • Communication: Excellent written and verbal communication skills in both English and Korean with ability to effectively communicate across cultures.
  • Ethics & Values: Does the right thing with a compliance mindset.
  • Team Development: Ability to mentor and develop finance talent.
  • Solutions Oriented: Exceptional problem solving and analytical skills with a bias to action.
  • Adaptability: Embrace and lead teams through change and evolving business needs.
  • Influence: Ability to express ideas and opinions to all levels of personnel, including management in various business units, while effectively soliciting cooperation to accomplish tasks and challenge ideas and the status quo.
  • Continuous Improvement: Ability to analyze, design, implement and improve cross-functional business and internal control processes.
  • Financial Acumen: Demonstrates understanding of how organizations exceed profitability targets.
  • Results Driven: Ensures efforts are focused on the activities that positively impact business results. Displays the appropriate sense of urgency in accomplishing goals and takes corrective actions to ensure that critical projects exceed results.
  • Enterprise Mindset: Ability to manage in a matrixed organization, including ability to effectively build and manage relationships and influence outcomes at all levels.

Education: A bachelor's degree in related field.

Language Skill: Good command of both written and spoken English and Korean.

This job description is not meant to be an all-inclusive list of duties and responsibilities, but constitutes a general definition of the position's scope and function in the company.