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Global Controlling Director in Chicago, IL at Bimbo Bakeries USA

Date Posted: 3/20/2020

Job Snapshot

  • Employee Type:
  • Location:
    Chicago, IL
  • Job Type:
  • Experience:
    7-10 years
  • Date Posted:
  • Job ID:

Job Description

Have you ever enjoyed Arnold®, Brownberry® or Oroweat® bread? A Thomas’® English muffin or bagel? Or perhaps snacked on a Sara Lee®, Entenmann’s® or Marinela® cake or donut? If the answer is yes, then you know Bimbo Bakeries USA!

Bimbo Bakeries USA is part of Grupo Bimbo, the world’s largest baking company with operations in 32 countries. Bimbo Bakeries USA (“BBUSA”) includes BBUSA and its subsidiaries and affiliated entities, including, but not limited to, Wholesome Harvest Baking, East Balt, and Acelerada. BBUSA employs 20,000 associates across the U.S. in bakeries, sales centers, corporate offices and on sales routes to ensure our consumers have the freshest products to feed their families at every meal. But our associates come to work for much more – the chance to feed their own lives through exciting work that offers the opportunity to make a real difference in their professional and personal lives every day.

Bimbo QSR is a leading foodservice-focused company that supplies baked goods predominantly to Quick Service Restaurants (“QSR”) around the world.  The Company operates 22 bakeries in 11 countries across North America, Europe, the Middle East, Africa and Asia, including two joint ventures.  We are innovative and customer focused developing new product concepts and utilizing differentiated high-speed manufacturing capabilities to support customers’ Limited Time Offer (“LTO”) product offerings.  Bimbo QSR is headquartered in Chicago, IL with ~2,500 associates globally.  We are a proud member of the Grupo Bimbo family, the world’s largest and leading baking company.

The Director, Controlling will lead the centralized Accounting and Financial Control functions of Bimbo QSR globally. The position is responsible for the organization’s global accounting functions to ensure that the organization’s financial resources, transactions, policies, systems and procedures meet the organization’s short and long-term business objectives and comply with regulations, accounting principles, and standards. Activities include but are not limited to reporting, insurance, credit control, general ledger maintenance, accounts payable and receivable, inventory and costs control, budgeting revenue, asset accounting, forecasting and the annual audit.

We are looking for a business-focused Global Controller with extensive experience in accounting and reporting for an international company.

Bimbo QSR looks for a talented, hardworking individual with great energy, leadership, strong analytical skills and initiative to drive successful growth for one of the fastest growing business units within Grupo Bimbo.

Key Job Responsibilities: 

    • Develops and implements accounting systems and processes that align with the organization’s overall vision and its current and long-term business objectives

    • Provide technical expertise and advice on complex accounting issues to countries to help them develop revenue and expense budgets, understand financial reports, and manage their financial responsibilities. Complex topics this position will handle include areas such as hedge accounting, benefit plan accounting (International locations), as well as Income Tax accounting, Accounting for Leases (IFRS 16) and the annual test for impairment in the Company’s nine CGUs.

    • Maintains an in-depth, and up to date knowledge and understanding of both US and international accounting principles

    • Advises management of potential changes in accounting regulations or practices that may impact international operations and reporting.

    • Monitor and evaluate the performance of accounting policies, systems, and procedures in achieving strategic objectives.

    • Review the organization’s financial reports to ensure accuracy, standardization and reliability, presenting findings and recommendations to leaders. Reports include financial analyst reports, profit and loss statements, balance sheets, regulatory reports and filings

    • Develop and maintain reporting and financial system capabilities for all reporting entities. This includes development of appropriate systems that support business reporting requirements and better analysis

    • Monitor, track, assess and advise management of key spending and business trends

    • Responsible for consolidating annual operating plans, re-forecasts and period end financial reporting requirements and reconciliation to stated goals and in compliance with required deadlines.

    • Lead preparation of combined/consolidated financial statements and external audits, managing consolidation of financial results, including intercompany eliminations and foreign currency accounting

    • Responsible for period close process including preparation of journal entries, ensuring accurate and timely reporting of financial results

    • Ensure compliance with IFRS accounting and reporting standards.

    • Oversee AP, AR, fixed assets, Cost Accounting and G/L processes

    • Assist with global tax matters including compliance, accounting, and transfer pricing

    • Assess operational risks and lead internal control assessments, policies, and procedures on a global basis to enable objective decision-making and minimize risk

    • Manage ongoing relationships with External and Internal auditors guiding internal teams in each country to execute corrective actions, ensuring compliance and mitigating risks

    • Lead, direct, evaluate, and develop a team of managers to ensure that the organization’s accounting activities are conducted accurately, ethically, consistently and according to relevant regulations, laws, and standards.

    • Directly supervise Corporate Accounting staff and assist VP-Finance in providing guidance and direction to global Accounting and Finance associates

    • Other duties, as assigned.

    Job Requirements

    • Bachelor’s Degree in Accounting or Finance, MBA preferred.
    • CPA required, preferably with Big 4 audit background.
    • 8 or more years' experience in finance, accounting, and or business management with a strong finance controlling experience for multinational companies.
    • This position requires the incumbent to have in-depth knowledge of profit and loss statement as well as analytical communication.
    • Able to thrive under pressure, tight deadlines and results orientated.
    • Excellent communication skills and ability to influence top executives, peers and colleagues using collaborative and flexible styles to generate buy-in and ownership.
    • Strong technical leadership skills with a proven track record of successfully developing and executing an annual operating plan, updated forecasted period end financial results.
    • Strong work ethic, flexibility, excellent time management and organizational skills including the ability to manage multiple projects with tight deadlines and high accountability.
    • Ability to lead and drive collaboration across a range of cross-functional partners.
    • Strong and demonstrated skills managing financial systems and software proficiency (SAP, Microsoft Office and related software).
    • Some travel may be required and international travel can be expected.

    Bimbo Bakeries USA is an equal opportunity employer with a policy that provides equal employment opportunity for applicants and employees regardless of race, color, religion, disability, gender, age, national origin, sexual orientation, gender identity, marital status, pregnancy, veteran status, or any other classification protected by law. This policy applies to all aspects of employment, including recruitment, hiring, promotion, compensation, reassignment, layoff, discharge, education, training and all other working conditions. To further the principle of equal employment opportunity, Bimbo Bakeries USA has developed affirmative action plans for minorities and women, qualified individuals with disabilities, and Vietnam-era and special disabled veterans and other protected veterans.