RTR Lead: Inventory Accounting CoE - Decatur, IL
Job Summary: We are seeking a detail-oriented and experienced Inventory Accounting COE Lead to join our Record to Report (RTR) team in ADM’s North America HQ capability center. The ideal candidate will be responsible for leading a globally matrixed team of local and 3rd party professionals performing Inventory Accounting activities for assigned segments within the ADM organization (approx. 400 BU’s and growing), including monthly closing activities, ongoing monitoring, and Balance Sheet reconciliations. This role ensures consistent execution, compliance and continuous improvement across all regions and business segments.
Key Responsibilities:-
Inventory Operations: Lead team to execute Inventory activities, investigate and resolve aged discrepancies between physical counts and ADM/IBM records, monitor and escalate aged reconciling items to completion, prepare book to physical reconciliations, own and update standard templates and dashboards for reporting, gain/loss calculations, conduct monthly internal weight audits, and collaborate cross-functionally with plant and finance colleagues.
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Process Controls: Define, maintain, review, and control process documentation to ensure it is up-to-date and compliant with company standard. Develop a program to continually audit these processes to ensure adherence to ADM standards/controls related to these tasks. Ensure completion of SOX relevant controls as applicable.
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KPIs: Develop actionable KPI’s for Inventory Accounting, and ensure they are met consistently with a focus on improvement opportunities.
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Stakeholder Engagement: Ensure stakeholder feedback is being heard and implemented. Apply a proactive approach to problem solving and working with cross functional team members in finance/operations in geographically dispersed locations and time zones.
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Process Improvement: Partner with Costing COE Leader to drive standardization, simplification and automation of global Inventory Accounting end-to-end processes, with a continuous improvement mindset, and provide recommendations for ownership and positioning of key processes across Finance, Tax, Audit and Plant Operations.
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Team Building: Build a high performing team by providing direction, coaching and performance management. Foster a culture of accountability, collaboration and continuous improvement. Ensure team members are exposed to appropriate growth opportunities and develop robust succession plan
Qualifications:-
Bachelor’s degree in related field such as Accounting, Business Administration or equivalent work experience is preferred
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CPA or Qualified Accountant (CA/ACCA) is preferred with 12+ years of experience in RTR domain; Agricultural industry experience would be a plus.
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Operational experience in Inventory accounting
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Minimum 3 years of supervisory/management experience with a transformative style of leadership; experience in leading and developing global teams
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Deep understanding of US GAAP, SOX and internal controls frameworks.
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Ability to adapt to rapid and emerging changes in the business and technological environment.
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Skill in influencing stakeholders at all levels of the organization to implement changes.
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Focus on achieving set goals and objectives, with the ability to manage multiple projects simultaneously.
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Ability to work independently, collaborate effectively, and deliver high-quality results within deadlines
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Proven track record of successfully implementing continuous improvement initiatives and performance in complex organizations.
Excited about this role but don’t think you meet every requirement listed? We encourage you to apply anyway. You may be just the right candidate for this role or another one of our openings.
ADM requires the successful completion of a background check.
REF:111079BR
Base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Hourly and salaried non-exempt employees will also be paid overtime pay when working qualifying overtime hours.
If hired, employees will be in an “at-will position” and the Company reserves the right to modify base pay (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.
The pay range for this position is expected to be between:
Salaried Incentive Plan
The total compensation package for this position will also include annual bonus
Benefits and Perks
Enriching the quality of life for the world begins by taking care of our colleagues. In addition to competitive pay, we support your diverse needs with a comprehensive total rewards package to enhance your well-being, including:
- Physical wellness – medical/Rx, dental, vision and on-site wellness center access or gym reimbursement (as applicable).
- Financial wellness – flexible spending accounts, health savings account, 401(k) with matching contributions and cash balance plan, discounted employee stock purchasing program, life insurance, disability, workers’ compensation, legal assistance, identity theft protection.
- Mental and social wellness – Employee Assistance Program (EAP), Employee Resource Groups (ERGs) and Colleague Giving Programs (ADM Cares).
Additional benefits include:
- Paid time off including paid holidays.
- Adoption assistance and paid maternity and parental leave.
- Tuition assistance.
- Company-sponsored training and development resources, such as LinkedIn Learning, language training and mentoring programs.
- Benefits may vary for bargained locations, confirm benefit eligibility with your recruiter.
#IncludingYou
Diversity, equity, inclusion and belonging are cornerstones of ADM’s efforts to continue innovating, driving growth, and delivering outstanding performance. We are committed to attracting and retaining a diverse workforce and create welcoming, truly inclusive work environments — environments that enable every ADM colleague to feel comfortable on the job, make meaningful contributions to our success, and grow their career. We respect and value the unique backgrounds and experiences that each person can bring to ADM because we know that diversity of perspectives makes us better, together.
We welcome everyone to apply. We are committed to ensuring all qualified applicants receive consideration for employment regardless of race, color, ethnicity, disability, religion, national origin, language, gender, gender identity, gender expression, marital status, sexual orientation, age, protected veteran status, or any other characteristic protected by law
About ADM
At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.
