WHAT DOES THE FINANCE DIRECTOR OF PROCUREMENT DO?

The Finance Director, Procurement will lead financial reporting, financial analysis, working capital, budgeting, compliance and strategic financial planning for the company’s Procurement function. This individual will work closely with Procurement, Supply Chain, Markets, Brand Team and Finance teams to drive cost efficiency, improve working capital, and enhance supplier relationships through data-driven insights.

The role requires a strong understanding of financial processes, strategic sourcing, cost analysis, risk management and the tools and techniques needed to unlock sustainable value from Bacardi’s supplier base.

The role holder has a strong business partnering ethic, working closely with the Chief Procurement Officer (CPO); collaboratively and constructively driving performance with a positive culture for continuous improvement.

ABOUT YOU

The ideal candidate will have a passion for leadership and developing a team, a strong sense of ownership and accountability of the business needs, while also enjoying the technical aspects of the role. Commercial capability, problem-solving solving and creative thinking are key to drive value in this critical area of the business.

ARE YOU READY TO EMBARK ON YOUR NEXT MOVE?

• •Do you dare to be different and challenge the status quo, setting the highest of bars for yourself and the Procurement team?
• •Are you willing to question, challenge and innovate and offer well-thought-through ideas and alternatives in the pursuit of excellence?
• •Can you work flexibly, collaboratively and inspire others
• •Are you ready to make your mark?

Don Facundo Bacardí revolutionized the world of rums. As the cocktail industry continues to flourish every day, we strive to follow his legacy and delight the most demanding in the industry - our consumers! That’s where you come In!

RESPONSIBILITIES

WITH OUR CONSUMER AT THE HEART, YOUR KEY RESPONSIBILITIES WILL BE TO:

Strategic Financial Leadership

• ·Collaborate with senior leaders in procurement and finance to support the development and implementation of procurement strategies that align with overall business objectives.
• ·Lead the financial analysis and reporting for procurement activities, including but not limited to supplier negotiations, pricing/volume strategies, sourcing initiatives, value creation program, inflation/deflation and risk management strategies
• ·Drive cost-saving initiatives through data analysis, budget management, and supplier performance reviews.
• ·Lead financial governance to ensure appropriate performance measurement/evaluation for the Procurement function

Budgeting and Forecasting

• ·Oversee procurement-related financial planning, including annual budgeting, quarterly forecasting, and long-term strategic planning.
• ·Ensure accurate and timely reporting of procurement financial performance, identifying risks and opportunities, including commodity risk management
• ·Benchmark procurement – internally and externally across all key metrics to ensure we are delivering top quartile performance.
• ·Work closely with the Commodity risk management head to improve forecasting in order to reduce volatility throughout the year and reduce forecasting bias
• ·Review and have clarity on the Economic assumptions and changes throughout the year and how they are impacting the budget assumptions
• ·Financial performance analysis, including savings initiatives, cost avoidance, working capital optimization, price/volume variances
• ·Working with trading teams and finance leads of plants for setting up transfer pricing of bulk

Procurement Operations Optimization

• ·Partner with procurement teams, the Procurement Process Excellence & Strategy & Insights team, BES and others to identify opportunities to make financial procurement processes more effective and efficient

Cost Optimization & Savings

• ·Partner with the CPO, regional procurement leads, and global category leads to identify cost optimization opportunities in direct and indirect procurement categories.
• ·Monitor and track procurement savings against targets and ensure appropriate financial governance.
• ·Develop metrics and dashboards to monitor procurement efficiency and performance.
• ·Work closely with the financial head in the regions/functions for appropriate savings/cash and cost avoidance reporting linked to Procurement activities

Supplier & Contract Management

• ·Support contract negotiations by providing financial models and analysis of supplier pricing and terms. Ensure we mitigate any risks related to supplier price adjustments embedded in our contracting commitments
• ·Ensure we mitigate risks linked to supplier price adjustments, working capital and commodity hedging
• ·Establish frameworks to evaluate supplier performance and ensure that financial risks are minimized.

Compliance & Risk Management

• ·Work closely with the Process excellence and Strategy & Insights team (PSI) to ensure compliance with corporate procurement policies, financial controls, and audit requirements. Lead reporting on contractual commitments.
• ·Assess financial risks related to procurement activities, commodity pricing, and supplier solvency.
• ·Actively support Procurement in the vendor due diligence process

Team Leadership & Development

• ·Build and lead a high-performing Procurement Finance team.
• ·Provide mentorship, coaching, and development opportunities for team members.
• ·Foster a culture of continuous improvement and collaboration across procurement and finance functions.

SKILLS

THE SKILLS AND EXPERIENCE NEEDED TO CREATE YOUR LEGACY:

• ·Excellent written and verbal communication skills, with the ability to influence and partner with senior stakeholders.
• ·Problem solving, critical thinking, detail-oriented. Ability to think creatively, multitask and project manage.
• ·Proficiency in ERP systems (e.g. SAP) and advanced Excel/modelling skills, commodity risk management.
• ·Deep understanding of procurement supplier category management, procurement processes, supplier relationship management and contract negotiations.
• ·Situational adaptability; able to thrive in a fast-paced, rapidly changing environment.

At Bacardi we care deeply about finding brilliant talent who can bring the following personal attributes to help elevate our 3Fs: Fearless, Family, Founder culture to the next level.

• Belonging: You have a strong capacity to create a culture of ‘Belonging’, where people feel appreciated for who they are, what they do, and who they can become
• Self-Awareness: You have high levels of self-awareness, are reflective and know yourself well, understanding both your own strengths and weaknesses and your impact on others
• People Agility: You bring a deep ability to understand and relate to people and navigate through tough situations to harness and multiply collective performance
• Results Agility: You demonstrate consistent delivery of results in first-time situations by inspiring teams, exhibiting a presence that builds confidence in yourself and others.
• Mental Agility: You can think critically to penetrate complex problems and expand the possibilities by making fresh connections. You think strategically whilst being execution focused and bring creativity to the challenges you’re presented with
• Change Agility: You have a deep natural curiosity, desire to experiment and ability to effectively deal with the heat of change. You have a growth and learning mindset: ready to test, stumble, learn and apply from experience

Disclaimer: Bacardi seeks talent from all backgrounds to bring diversity of thought, agility and capability to our organization across the globe. We promote a working environment where all employees are treated and rewarded fairly. We do not tolerate any form of discrimination that adversely affects individuals or groups on the basis of national origin, race, color, religion, sex, gender, sexual orientation, marital status, disability, age, and any other legally protected aspect of a person's identity. 

U.S. applicants have rights under Federal Employment Laws