LF Distribution Holding

  • Senior Manager Finance

    Work Location US-NC-Greensboro
    Category
    Accounting/Finance
    Division
    OSG Hub - Finance
  • Specific Responsibilities

    Li & Fung, a global supply chain organization is seeking a Senior Manager- Finance for the US based divisions.  This position is based in our Greensboro, North Carolina offices and reports to the Vice President-Finance..

    The Senior Manager will oversee AR, Credit, Cash Applications, Cash management, Accounts Payable and related reporting and analysis for the US Apparel private label division. Position will manage a team of 7 in Greensboro,  with additional oversight for the chargeback & compliance staff located outside of the Greensboro offices.

     

    Duties:

    • Collaborate with CIT for outsourced credit, collection, and cash application efforts.
    • Monitor factor credit approvals and credit line increases when necessary & maintain data in SAP – including reviewing orders in SAP that fail allocation and resolve accordingly
    • Review customer financials for recommendation on credit approvals on Non-Factored AR when necessary
    • Communicate General Policies/Procedures and credit approval determinations to the business units
    • Act as point person between LF Credit team in Singapore and US senior sales/executive management – coordinate out of policy/required executive approvals as necessary
    • Oversee Cash Application responsibilities which include: validating daily transactions, performing write offs, maintaining the cash clearing GLs, and partnering with supervisor for any discrepancies
    • Oversee Accounts Payable and cash management/treasury team in coordination with support staff in offshore transaction services group.
    • Provide oversight and control over corporate credit card programs & concur travel reimbursement
    • Oversight for GL reconciliations – including the resolution of unapplied cash with CIT and trouble-shooting with Citibank for vendor payments
    • Provide oversight to the chargeback staff for chargeback reconciliations and write-offs
    • Provide monthly and ad hoc reporting as required utilizing SAP and other financial planning applications
    • Complete or revise Customer Vendor Agreements as necessary, maintain library of same
    • Lead special projects when necessary, provide support for CIT audits and other internal & external financial audits involving accounting and transaction services
    • Communicating LC requirements and/or presenting LCs for payment
    • Act as backup for VP-Finance during travel and out of office periods

    Skills and Requirements

    • Prior management experience with a team of 5-10 AR, AP & Accounting support staff
    • 5+ years of manufacturing/wholesale experience required
    • Strong leadership skills and ability to perform in an entrepreneurial environment with minimal supervision
    • Excels under pressure in a high-volume, time-sensitive, complex, global corporate environment
    • Ability to multi-task, prioritize, escalate, and follow-up
    • Detail-oriented and accurate
    • Proven success with streamlining, data management & utilizing systems and technology
    • Ability to create processes, close any gaps, and document new SOPs
    • Excellent organizational, communication (oral and written), and follow-up skills
    • Experience in SAP or other global/complex ERP and financial applications required
    • Experience with letters of credit helpful

    • Strong Microsoft Excel skills required
    • Undergraduate Accounting or Business degree required, or equivalent experience

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