Finance Director, Direct Procurement

Estée Lauder Companies; New York (NY); On-site; USD 121,000 - 208,000; Full time

Benefits offered by this job

Health insurance

Retirement plans

Paid holidays and vacation

Bonus program

Share incentive plan

Job summary

Estée Lauder Companies seeks an experienced FP&A leader to drive long-range planning and direct procurement savings. You will partner with global teams to control costs, analyze supplier performance, and report ROI on capital projects.

You will manage budgets, forecast accuracy, and KPIs while guiding cross-functional teams in a fast-paced, luxury-brand environment with competitive compensation and benefits.

Qualifications

• Bachelor’s degree in business administration, accounting, finance or engineering; MBA preferred.
• At least 7 years related experience.
• Excellent business partnering, influencing, and presentation skills.
• Ability to work independently in an unstructured environment and comfortable with ambiguity.
• Deep understanding of direct procurement processes, transportation logistics and cost optimization strategies.
• Expertise in budgets and forecasts development and reporting.
• Strong leadership to guide financial strategy and coordinate with cross-functional teams.

Responsibilities

• Partner with Direct team on strategy development to drive year-over-year cost savings.
• Prepare and communicate the Long-Range Plan (LRP) and annual savings targets.
• Manage the procurement budget and estimate departmental expenses.
• Review capital projects for policy compliance and ROI clarity.
• Provide in-depth financial analysis relating to procurement costs, supplier performance and market trends.
• Oversee direct materials spend and identify opportunities for cost savings and process improvements.
• Review PPV and production variances globally; analyze need for cost changes and rollout.
• Support savings projects with monitoring and monthly/quarterly reporting.

Skills

Business partnering

Influencing

Presentation skills

Independent work

Ambiguity tolerance

Procurement knowledge

Education

Bachelor’s degree in Business Administration, Accounting, Finance or Engineering

MBA preferred

Job description

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of luxury and prestige brands globally. The company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.

Description

Financial Planning and Forecasting

• Partner with Direct team on development of strategy to drive year over year Cost Savings.
• Prepare and communicate the Long-Range Plan (LRP) and annual savings targets.
• Manage the procurement budget and estimate departmental expenses.
• Review capital projects for compliance with Corporate Capital Control Policies and for adequate clarity of justification and reviews to ensure delivery of ROI \
• Provide in-depth financial analysis and reporting related to direct procurement activities including tracking and analyzing procurement costs, supplier performance, and market trends.
• Oversee direct materials spend. Monitor and analyze procurement costs and identify opportunities for cost savings and process improvements.
• Review PPV and Production Variances globally. Conduct analysis regarding the need for cost changes and ensure rollout as needed.
• Support Direct Procurement team savings projects via monitoring of savings vs targeted opportunity by project and communicate results monthly/quarterly.
• Drive Inbound Transportation standardized efficient closing practices on a global basis.
• Support Inbound Transportation savings projects through tracking of savings initiatives vs target and communicating results on monthly/quarterly basis. Ensure consistency of reporting savings vs. added value (cost avoidances, NPL etc).
• Drive enhanced TPM and dTPM reporting to provide actionable insights across the Manufacturing landscape.
• Monitor third-party partners’ expenses, invoicing, and savings to ensure alignment with contracted savings delivery.
• Collaboration and Business Partnership
• Support the Direct teams to provide sound internal financial controls environment.

Qualifications

• Minimum bachelor’s degree in business administration, Accounting, Finance or Engineering, MBA Preferred
• At least 7 years related experience
• Excellent business partnering, influencing, and presentation skills
• Ability to work independently in an unstructured environment and comfortable with ambiguity
• Deep understanding of direct procurement processes, transportation logistics and cost optimization strategies
• Expertise in developing, managing and reporting on budgets and forecasts
• Advanced ability to conduct thorough analysis related to procurement costs, supplier performance and market trends
• Strong leadership to guide financial strategy and coordinate with cross-functional teams

Pay Range

The anticipated base salary range for this position is $120,550.00 to $208,200.00. Exact salary depends on several factors such as experience, skills, education, and budget. Salary range may vary based on geographic location. In addition to base salary, this position is eligible for participation in a highly competitive bonus program as well as participation in the share incentive plan. In addition, In addition to base salary, this position is eligible for participation in a highly competitive bonus program with the possibility for overachievement based on performance and company results. In addition, The Estée Lauder Companies offers a variety of benefits to eligible employees, including health insurance coverage (medical, dental, and vision insurance), wellness and family support programs, life and disability insurance, retirement savings plans, paid leave programs, education-related programs, paid holidays and vacation time, and many others. Many of these benefits are subsidized or fully paid for by the company.

Equal Opportunity Employer

It is Company's policy not to discriminate against any employee or applicant for employment on the basis of race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth and related medical conditions), gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information, or any other characteristic protected by applicable federal, state, or local laws and ordinances. The Company will endeavor to provide a reasonable accommodation consistent with the law to otherwise qualified employees and prospective employees with a disability and to employees and prospective employees with needs related to their religious observance or practices.

Michigan Applicants: Persons with disabilities needing accommodations for employment must notify the company in writing of the need for an accommodation within 182 days after the date the person with a disability knew or reasonably should have known that an accommodation was needed.

Philadelphia Applicants: Philadelphia's Fair Chance Hiring Law

Rhode Island Applicants: The company is subject to chapters 29-38 of title 28 of the general laws of Rhode Island and is therefore covered by the state's workers' compensation law.