Finance Manager

Position Summary

Headquartered in Englewood Cliffs, N.J., Samsung Electronics America, Inc. (SEA), the U.S. Sales and Marketing subsidiary, is a leader in mobile technologies, consumer electronics, home appliances, enterprise solutions and networks systems. For more than four decades, Samsung has driven innovation, economic growth and workforce opportunity across the United States—investing over $100 billion and employing more than 20,000 people nationwide. By integrating our large portfolio of products, services and AI technology, we’re creating smarter, sustainable and more connected experiences that empower people to live better. SEA is a wholly owned subsidiary of Samsung Electronics Co., Ltd.
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The position will be responsible for the supervision and documentation of financial reporting and analysis. This role will participate in 3-12 month rolling forecasting, month-end closing, and various ad-hoc financial and accounting duties. This role will also assist in non-trade inter-company transactions. Leads/supervises 1-2 junior level Finance professionals, typically without budget or hire/fire authority. Focuses on coaching, coordination and delegation of operational work responsibilities.

Role and Responsibilities

• Perform 3-12 month business forecasts, which includes comprehensive forecast of mobile devices’ sales quantities, whole sale prices, COGSs, and overhead expenses as well as of business environment changes to provide better financial visibility to management       
• Perform month-end closing from a managerial standpoint, using SAP Controlling (CO) module while closely monitoring revenue/COGS recognition and expense allocation of various profit segments and cost centers.
• Prepare and provide various financial reports both regularly and as needed to management
• Coordinate monthly inter-company transaction activities and follow-up requests to maintain a proper level of margin for HQ Support Division
• Perform other finance or administrative support projects and tasks assigned by financial management (i.e. royalty calculation, litigation-related financial data supports, and etc.)
• Under uncertain economic conditions, such as fluctuating tariffs, present appropriate materials for Leadership decision-making through precise profit and loss simulations

Skills and Qualifications

Background/Experience to qualify for this position, the following minimal background and skill levels are required:

• Bachelor’s degree in Finance, Business, Accounting, or related field and 5 – 6 years of progressive, post-baccalaureate experience in the job offered.
• Strong business acumen; understanding commercial terms and potential impact and risk across business units
• Excellent communication skills
• Ability to work across departments to resolve urgent issues
• Experience in business process review and analysis, including financial and operational analysis and audits
• Proficient with Excel. SAP or other ERP system experience is plus.

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