What are the responsibilities and job description for the Finance Manager - Capital Expenditures & Investment Analysis - Corporate Office (Austin, MN) position at Hormel Foods Family of Companies?
FINANCE MANAGER - CAPITAL EXPENDITURES & INVESTMENT ANALYSIS - CORPORATE OFFICE (AUSTIN, MN)
HORMEL FOODS CORPORATION
To save time applying, Hormel Foods does not offer sponsorship of job applicants for employment-based visas for this position at this time.
ABOUT HORMEL FOODS — Inspired People. Inspired Food.™
Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $12 billion in annual revenue across more than 80 countries worldwide. Its brands include SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin’s®, Wholly®, Hormel® Black Label®, Columbus® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the “Global 2000 World’s Best Employers” list by Forbes magazine for three straight years, is one of Fortune magazine’s most admired companies, has appeared on Corporate Responsibility Magazine’s “The 100 Best Corporate Citizens” list for the 12th year in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world’s most trusted and iconic brands to tables across the globe. For more information, visit www.hormelfoods.com and http://csr.hormelfoods.com/.
RESPONSIBILITIES:
The Finance Manager - Capital Expenditures & Investment Analysis is responsible for the financialization of the annual Capital Planning process and also leads the assessment and recommendation of potential investment opportunities. This is conducted through financial analysis, and supporting decision-making processes related to the capital and expense components of investments through the use of various financial models and in partnership with Segment and Supply Chain Finance, Operations, R&D, Marketing, Sales and others. The incumbent will support M&A overflow as needed.
- Lead the preparation and management of capital budgets for the enterprise, ensuring alignment with strategic objectives and financial targets. Provide counsel to the planning team on spend assumptions and strategic recommendations to leadership on spend allocations.
- Assess and analyze potential investments for the enterprise, including, but not limited to new facility construction, plant upgrades, equipment acquisitions, and technology enhancements. Evaluate the financial feasibility and strategic alignment of proposed projects, considering factors such as production capacity, operational costs, supply chain impacts and general business growth.
- Develop and maintain comprehensive financial models to project the financial impact of manufacturing plant investments, including return on investment (ROI), net present value (NPV), and internal rate of return (IRR).
- Prepare detailed investment reports and presentations specific to projects, highlighting key findings, financial projections, and strategic recommendations. Communicate effectively with stakeholders, including senior management and project managers to support informed decision-making and ensure alignment on investment strategies.
QUALIFICATIONS:
Required
- Bachelor's degree in finance, accounting, economics or a related field.
- 5 years of Finance or related FP&A experience.
- Must demonstrate a critical blend of strong enterprise strategic thinking and cross-functional leadership capabilities.
- Well developed business acumen.
- Ability to influence, advise and manage across cross-functional players.
- Ability to synthesize clearly and simplify the complex.
- Ability to multi-task in a fast-paced environment, manage multiple priorities, meet tight deadlines and make ongoing decisions with key stakeholder input.
- Comfort with ambiguity and ability to shape, elevate and move planning forward.
- High emotional intelligence/IQ and strong relationship management skills.
- Must be a Citizen or National of the United States, a lawful, permanent resident, or have authorization to work in the United States.
- Applicants must not now, or in the future, require sponsorship for an employment visa.
Location: Global Headquarters, Austin, MN
A comprehensive relocation package to the Austin, MN area will be offered, if required.
At Hormel Foods, base pay is one part of our total compensation package and is determined within a range. The base hiring pay range for the Finance Manager - Capital Expenditures and Investment Analysis role is between $106,000 - $155,000 per year, and your actual base pay within that range will depend upon a variety of factors including, but not limited to, job-related knowledge, skill set, level of experience, and geographic market location.
BENEFITS: Other components of Hormel Foods' total compensation package include comprehensive medical, dental, and vision coverage, discretionary annual merit increases, bonuses and profit sharing, 401(k) with employer match, stock purchase plan, relocation assistance, paid time off, free two-year community/technical college tuition for children of employees, and more.
TRAVEL REQUIREMENTS: 10% of the time
For immediate consideration, apply online at: www.hormelfoods.com/careers
At Hormel we invite difference and diversity in all aspects. We offer a space of support, understanding, and community. We are committed to the journey! Learn more about our progress here: https://www.hormelfoods.com/about/diversity-and-inclusion/
Hormel Foods Corporation is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, gender orientation, gender identity, national origin, disability, or veteran status.
Salary : $106,000 - $155,000
