Directly responsible for leading the development of the cost of goods ($1B ) across all of Brown-Forman Corporation, including estimating costs and minimizing the impact of cost increases. Leads the cost standards setting process for B-F including support of new SKU costing for innovation. Performs long-term strategic analysis related to new and existing production sites, including bottling capacity. Leads a matrixed, multi-level team of site controllers responsible for facilities including Casa Herradura, Sonoma-Cutrer and Woodford Reserve. Guides strategic decision making for all bottling sites including the above plus Brown-Forman bottling, Jack Daniel’s bottling, BenRiach bottling, Chambord bottling and external contract bottling. As business may require, this individual is the point person for Global Production Finance for strategic initiatives and continuous improvement projects.
Leadership of B-F Cost of Goods Sold
Drive the annual cost standards process and analytics in the SAP system, as well as supporting the development of aged whiskey content standards. Includes the development and communication of our preliminary cost guidance process used as a key input to regional COGS budgeting. Coordinate standards process with site controllers and product engineers ensuring accurate and complete product costing.
Lead monthly production variance forecast, including the roll-up of production variance projections and the analysis of variance trends for all global production sites. Provide insight, explanation and recommendations to finance director on production variances monthly.
Support year-end production variance analysis (brand, FX impact, etc.) for allocation of variances. Validate quarterly review of Inter-company profit values in finished goods inventory.
Develop detailed financial and strategic analyses for new product and new packaging projects. Communicate findings and conclusions in an articulate manner and influence packaging decisions with key brand and production stakeholders. Provide analytics at various project phases from early conceptual design through to final production cost standards.
Evaluate cost savings initiatives across Global Production and serve as a finance resource for cost central-led cost savings such as packaging and R&D initiatives.
Direct management of Production Direction Controller and [Senior Analyst Cost Accounting] including their responsibilities within our cost standard and innovation work, production direction budgeting, cost savings leadership and Tequila Supply Demand Planning.
Long-term Strategic Analysis and Decision Making
Key Global Production resource for strategic projects supporting B-F long-term ambitions. Strategic projects may include acquisitions and divestitures of brands, companies, or operations, sale or purchase of assets, and long-term growth or stall scenarios for key brands.
Lead production role in the integration of new business opportunities including the design of operations within SAP to ensure accounting and controls are in place.
Lead the analysis of bottling capacity utilization across B-F sites using analytics to influence decisions related to optimal use of our assets and potential capital requirements.
Drive continuous improvement in Global Production Finance Processes. Identify and implement opportunities to drive efficiencies in budgeting, reporting, and consistency in Global Production Metrics through use of technology tools like AI, Tableau, and others.
Strategic work related to the key drivers of our cost of goods. In the past, these have included: glass contract negotiations ($150M annual cost), evaluation of the impact of wood costing on our COGS ($75M annual cost), impact of capital capacity investments ($120M annual cost).
Lead execution of major corporate projects within Global Production such as Spend Management, Material Ledger, SAP/Hana, Tax Projects, etc. Responsible for proposing rollout timing, participation on steering committees, coordination with other B-F resources (IT, Accounting), and communication across sites.
Lead, facilitate and coordinate financial analysis, reporting and benchmarking across various global production sites and functions.
As required, develop meaningful financial analysis in support of complex and diverse global production initiatives. Construct logical approaches to business issues and opportunities utilizing critical thinking skills, and clearly communicate findings and recommendation.
Site Controller Leadership
Directly manage Controllers at Casa Herradura, Sonoma-Cutrer, and Woodford Reserve (1), and their related finance teams (11 people across three sites) working with site leaders in a matrix reporting relationship
Casa Herradura operations (annual operating budget $30-40M) include agave field operations, distilling at two factories, warehousing, and bottling of full strength and RTD products.
Woodford Reserve operations ($40-50M) includes distillation, warehousing and bottling
Sonoma-Cutrer ($20-30M) includes vineyard operations, wine production, bulk sales and purchases, and bottling
Manage annual operating and capital budgeting process, annual cost of goods standards, and financial forecasts.
Lead production operations on cost savings initiatives, inventory management, capital equipment justification, obsolescence issues, asset utilization and continuous improvement.
Provide divisional direction on accounting compliance, budgeting, SAP optimization, cost savings programs, key performance indicators, and ROI Analysis for areas of responsibilities.
Provide financial, analytical and managerial support on all new innovations products and major package changes for specific production locations. Role may include business lead or team member as required.
Provide concise, accurate, periodic financial reports on a timely basis on operating group results and financial position along with relevant supporting analysis. Monitor progress against near and long term financial plans and identify remedial action plans to ensure the attainment of goals.
Key Leadership Behaviors:
Building productive relationships
Long-term broad perspective
Leveraging Diverse Thinking
Professional Experience / Qualifications:
Bachelors in Accounting/Finance plus 10 years accounting experience
Large bottling site Controller experience or significant other finance experience
Demonstrated understanding of Production and Inventory costing methods
Strong verbal and written communication skills with an ability to communicate effectively with all levels of the organization.
Ability to build productive relationships and partnerships and influence others.
Ability to lead change and drive for continuous improvement.
Excellent business planning and analytical skills.
Demonstrated ability to effectively manage/motivate people and projects; ability to multi-task and work with a results focus.
Proficiency with Microsoft office and Google software
Masters in Accounting/Finance or Business
CPA certification or equivalent
Experience in the beverage alcohol industry
Cost Accounting Experience or Accounting and/or Audit experience in a manufacturing environment
Experience integrating acquisitions
SAP Material Master Experience
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Location/Region: Louisville, KY