What are the responsibilities and job description for the Assistant Vice President, Finance position at Lancaster Leaf Tobacco Company?
Position: Assistant Vice President, Finance
Location/Department: Lancaster, PA, Onsite/Finance
Status: Full-Time, Salaried
Our Company
Lancaster Leaf Tobacco Co Inc. is a subsidiary of Universal Corporation (NYSE: UVV), the leading global leaf tobacco supplier. Lancaster Leaf manages Universal’s dark air cured tobacco operations in all relevant traditional dark air-cured origins in the world (Universal’s DAC Group). Operations in Lancaster, PA. consist of a processing facility, storage facility, and main office which also houses the Universal DAC Group’s headquarters.
Lancaster Leaf supplies virtually all the major cigar manufacturers in the U.S. with filler, binder, and wrapper from the U.S. and other global origins. In addition to domestic supply, Lancaster exports filler, binder, and wrapper to international cigar manufacturers. Lancaster Leaf contracts directly with farmers in all dark air cured growing regions of the U.S. which include Pennsylvania, Connecticut, Massachusetts, Virginia, Tennessee and Kentucky. The DAC Group also has operations in Brazil, Ecuador, the Dominican Republic, Indonesia, and Paraguay.
Summary
This Assistant Vice President, Finance will assist in leading the budgeting, forecasting, and long-term planning processes for the DAC Group. They will also support senior management in strategic business decisions and oversee periodic financial closing and reporting across the Group’s multiple regions.
In addition to leading financial analysis, business and investment modeling, budgeting, and forecast preparation, this role ensures that all regions within the DAC Group close their books and report their financial information to Universal's headquarters in a timely and high-quality manner.
The role also directs programs, policies, and practices to ensure that all regions within the group follow Universal’s corporate SOX and Compliance Program, as well as all the applicable legislations and regulations in the regions where they operate.
What You’ll Be Doing (Essential Duties)
- Manages the preparation and analyzes budgeting, forecasting and long-term planning process.
- Oversees the analysis of actuals against budget/forecast and prior year.
- Oversees the periodic closing of books, providing technical accounting support when required, and ensures quality and timely reporting of financial information to Corporate Headquarters across all the Group regions.
- Providing stakeholders with timely, detailed and meaningful insights and visibility on profitability and business financial performance.
- Leading and delivering on Digital Finance transformation by identifying areas for technology adoption and streamlining.
- Performing ad hoc analysis where required to assist in management decision making.
- Tracks programs and regulations that might affect DAC Group’s policies and implement necessary changes.
- Manages Internal Controls function and ensures SOX program requirements are followed and appropriately reported.
- Assures Corporate Compliance Program is followed and assists Corporate with compliance audits and special reviews in all Group’s regions.
- Coordinate with and monitor the regions to ensure internal audits are conducted at the locations by the Corporate Internal Audit Department (IAD). Oversight the responses to and the action plans committed with the IAD to assure they are appropriate.
- Provides financial and business input, guidance and advice to senior business leaders in all regions, to improve controls and earnings opportunities, and/or to reduce business risks.
- Works closely with regions in the development and execution of investment strategies and monitors compliance and risk associated with those activities.
- Interacts with a variety of third parties, including external auditors and tax consultants
Minimum Requirements
- Bachelor’s degree in Accounting, Finance, Economics or related field required.
- A minimum of 5 years’ experience in a managerial position, combined in finance or accounting roles. Agri-business and/or manufacturing company experience is a plus.
- Strong working knowledge of US GAAP.
- A good commercial acumen, along with good project management and analytical skills.
- Strong experience in working as a business partner, delivering better decision support, and enabling strategic initiatives to help improve the organization’s financial performance.
- Excellent interpersonal and communication skills, with the ability to build relationships with internal and external stakeholders.
Preferred Skills
- A CPA and MBA are desirable.
- Experience with US GAAP and IFRS is a plus.
- Proficiency in Spanish is not mandatory but will be considered a significant advantage in the selection process.
Benefits
We offer a wide range of market-competitive total rewards that include 401(k) match, pension, merit increases, paid holidays, medical, dental, life, vision, short and long-term disability benefits, and tuition assistance to name a few.
EOE M/F/Disabled/Vet Employer
All applicants must be authorized to work in the United States.