What are the responsibilities and job description for the Director of Finance - Plant position at Chobani?
Summary
The Director of Finance will lead La Colombe’s manufacturing and operations financial activities while working towards performance targets including cost, productivity, waste, and efficiency metrics. In addition, this role will be responsible for the development, analysis, review, and control of Chobani’s Supply Chain CAPEX program and working capital (i.e., Inventory). Through analysis, modeling, and recommendations, this role is key to driving and improving performance, implementing standard processes, and strengthening financial reporting and internal controls. This role will develop KPIs and partner with operational partners to optimize the cash flow of Chobani. This role will work across the supply chain focusing on bringing focus and analytics on tactics to enhance the effectiveness of Chobani’s capital spend as well as focusing on programs to drive efficiency and effectiveness of working capital. This role will be a key player in developing the capital and cash allocation models as it relates to the Annual Plan, the Strategic plan, monthly updates and will assist the VP of Supply Chain Finance in the development and analysis of supply chain capital projects. Finally, this role will play a critical component in helping to refine the current process for analyzing platforms margins and looking for opportunities to improve. This position can sit remote anywhere in the US with travel to our Chobani locations.
Responsibilities
Chobani is a food maker with a mission of making high-quality and nutritious food accessible to more people, while elevating our communities and making the world a healthier place. In short: making good food for all. In support of this mission, Chobani is a purpose-driven, people-first, food-and-wellness-focused company, and has been since its founding in 2005 by Hamdi Ulukaya, an immigrant to the U.S. The Company manufactures yogurt, oat milk, and creamers – Chobani yogurt is America's No.1 yogurt brand, made with natural ingredients without artificial preservatives. Following the 2023 acquisition of La Colombe, a leading coffee roaster with a shared commitment to quality, craftmanship and impact, the Company began selling cold-pressed espresso and lattes on tap at 32 cafes, as well as Ready to Drink (RTD) coffee beverages at retail.
Chobani uses food as a force for good in the world – putting humanity first in everything it does. The company’s philanthropic efforts prioritize giving back to its communities and beyond: working to eradicate child hunger, supporting immigrants, refugees and underrepresented people, honoring veterans, and protecting the planet. Chobani manufactures its products in New York, Idaho, Michigan and Australia, and its products are available throughout North America and distributed in Australia and other select markets.
For more information, please visit www.chobani.com and www.lacolombe.com , or follow us on Facebook , Twitter , Instagram and LinkedIn .
Chobani is an equal opportunity employer. Chobani will not discriminate against any applicant for employment on any basis including, but not limited to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, military and/or veteran status, marital status, predisposing genetic characteristics and genetic information, or any other classification protected by federal, state, and local laws.
We offer a comprehensive benefits package, including medical, dental, vision coverage, 401K match, short- and long-term disability coverage, health savings accounts, flexible spending accounts, and tuition reimbursement. We are also proud to offer specialized benefits like health care navigation, mental health services, fertility assistance, and paid parental leave as well as 120 hours of PTO and 11 Holidays each year.
Compensation Range: $144,000.00 - $216,000.00, plus bonus.
The Director of Finance will lead La Colombe’s manufacturing and operations financial activities while working towards performance targets including cost, productivity, waste, and efficiency metrics. In addition, this role will be responsible for the development, analysis, review, and control of Chobani’s Supply Chain CAPEX program and working capital (i.e., Inventory). Through analysis, modeling, and recommendations, this role is key to driving and improving performance, implementing standard processes, and strengthening financial reporting and internal controls. This role will develop KPIs and partner with operational partners to optimize the cash flow of Chobani. This role will work across the supply chain focusing on bringing focus and analytics on tactics to enhance the effectiveness of Chobani’s capital spend as well as focusing on programs to drive efficiency and effectiveness of working capital. This role will be a key player in developing the capital and cash allocation models as it relates to the Annual Plan, the Strategic plan, monthly updates and will assist the VP of Supply Chain Finance in the development and analysis of supply chain capital projects. Finally, this role will play a critical component in helping to refine the current process for analyzing platforms margins and looking for opportunities to improve. This position can sit remote anywhere in the US with travel to our Chobani locations.
Responsibilities
- Compiling and analyzing financial closing process, summarizing financial results with insights for business units and leadership.
- Prepare financial rolling forecast for COGS, calling out any risks and opportunities vs. plan.
- Manage monthly inventory reserve, reconciliation, and reporting process.
- Prepare month-end entries encompassing labor/overhead variances, inventory adjustments, manufacturing/PO variances, and machine-related entries.
- Collaborate with supply chain teams to implement cost-saving initiatives, drive accountability, and track progress against goals.
- Provide visibility to manufacturing, procurement, and logistics, focusing on continuous improvement and business performance/KPIs of operational drivers
- Play a key role in supply planning as part of the monthly integrated business planning process and COGS financials.
- Partner with procurement to implement material price tracking and forecasting process.
- Support new product innovation initiatives, and margin analysis, and collaborate with data teams for insightful reporting and analysis.
- Own COGS Annual Operating Plan and monthly Forecasting process, including modeling for raw materials, WIP and Finished Goods,
- Working with the supply chain on BOM inputs.
- Develop and perform and critique economic evaluation justifications for supply chain and plant capital expenditures
- Own and revamp the overall obsolescence program focusing on analytics to bring exposure to areas of waste
- Partner with operations to layout inventory KPIs and develop and track reduction initiatives
- Revamp and propose enhancements to the current margin tracking process. Propose IT solutions to automate the process
- Deliver critical cash flow guidance for executive leadership, enabling rebalancing of scarce, critical resources
- Evaluate returns on investment for operations capital investments, optimizing cash company wide
- Capital Allocation & target setting
- Develop & Track KPIs relating to capital and inventory
- Lead presentations to senior leadership
- Manage all aspects of budgeting, tracking, forecasting, and financial reporting of supply chain capital spending
- Supervise, coach, develop and prioritize the workflow for Senior Financial Analyst and team members assigned to project teams
- Compare financial results to planned or forecasted results and recommend future actions
- Analyze the ongoing profitability of all new businesses and/or programs entered into by the Company
- Partner with Operations and demand management to forecast inventory positions
- Provide Senior leadership with changes in working capital and CAPEX spend for inclusions in free cash flow analysis
- Enhance and lead control environment relating to SOX compliance in capital space while partnering with general accounting
- Identify variances in project spend and capitalization, prepare insights for monthly leadership reporting inclusive of recommended solutions where problems are identified
- Bachelor’s Degree in Business, Finance, Accounting, or related field from an accredited institution
- 6-8 years’ experience in Investment Banking, Private Equity, supply chain finance, accounting, or plant manufacturing finance
- Strong knowledge and understanding of general accounting principles and cost accounting in areas of Factory costing, Contract Manufacturing, Logistics, Inventory and Procurement
- Excellent analytic and problem-solving skills with attention to detail
- Experience managing CAPEX projects including Capital allocation and target setting
- Previous cross-functional leadership experience
- Excellent written and verbal communication skills
- Strong analytical and problem-solving skills with established financial acumen and forecasting ability
- Advanced knowledge of SAP, Microsoft Office, particularly Excel, PowerPoint, and Word.
- Ability to communicate effectively at all levels using detailed written reports and narrative.
- High work capacity, dependable, results oriented and strong sense of urgency
- Excellent organizational skills, with precise attention to detail
Chobani is a food maker with a mission of making high-quality and nutritious food accessible to more people, while elevating our communities and making the world a healthier place. In short: making good food for all. In support of this mission, Chobani is a purpose-driven, people-first, food-and-wellness-focused company, and has been since its founding in 2005 by Hamdi Ulukaya, an immigrant to the U.S. The Company manufactures yogurt, oat milk, and creamers – Chobani yogurt is America's No.1 yogurt brand, made with natural ingredients without artificial preservatives. Following the 2023 acquisition of La Colombe, a leading coffee roaster with a shared commitment to quality, craftmanship and impact, the Company began selling cold-pressed espresso and lattes on tap at 32 cafes, as well as Ready to Drink (RTD) coffee beverages at retail.
Chobani uses food as a force for good in the world – putting humanity first in everything it does. The company’s philanthropic efforts prioritize giving back to its communities and beyond: working to eradicate child hunger, supporting immigrants, refugees and underrepresented people, honoring veterans, and protecting the planet. Chobani manufactures its products in New York, Idaho, Michigan and Australia, and its products are available throughout North America and distributed in Australia and other select markets.
For more information, please visit www.chobani.com and www.lacolombe.com , or follow us on Facebook , Twitter , Instagram and LinkedIn .
Chobani is an equal opportunity employer. Chobani will not discriminate against any applicant for employment on any basis including, but not limited to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, military and/or veteran status, marital status, predisposing genetic characteristics and genetic information, or any other classification protected by federal, state, and local laws.
We offer a comprehensive benefits package, including medical, dental, vision coverage, 401K match, short- and long-term disability coverage, health savings accounts, flexible spending accounts, and tuition reimbursement. We are also proud to offer specialized benefits like health care navigation, mental health services, fertility assistance, and paid parental leave as well as 120 hours of PTO and 11 Holidays each year.
Compensation Range: $144,000.00 - $216,000.00, plus bonus.
