Company Description
Fortune Brands Innovations, Inc. is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives. Our driving purpose is that we elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too.
When you join Fortune Brands, you become part of a high-performing team who are empowered to think big, learn fast and make bold decisions. We support an inclusive and diverse culture where everyone is encouraged and empowered to be their authentic selves, and where our differences and unique perspectives are a key strength.
Explore life at Fortune Brands here.
Job Description
As part of the FP&A function within the Centers of Excellence (CoE) finance team, the Senior Manager, FP&A will act as a key finance business partner to the Global Product Development & Innovation (GPD&I) organization. This role will take on leadership responsibilities in financial modeling, business case development, three-year strategic planning, and operational analysis to support high-impact strategic product decisions at the portfolio and project levels. Additionally, this position will focus on establishing standardized processes, including the development of a comprehensive margin framework and CER (Capital Expenditure Request) process standardization for New Product Development (NPD), to drive financial performance and strategic decision-making.
Position location: Deerfield, IL - Hybrid or North Olmsted, OH - Hybrid
RESPONSIBILITIES:
- Act as the primary financial partner for GPD&I teams (Product Development Strategy, Innovation) to assess and prioritize product development opportunities.
- Partner and support the Connected Products Group to drive value creation, provide financial guidance and insights, and support related financial activities.
- Lead the establishment of a company-wide margin framework, ensuring consistent analysis and margin performance monitoring across the business.
- Standardize the CER process for New Product Development (NPD), driving alignment on capital investment evaluations across all business units and ensuring compliance with financial policies.
- Provide business decision support by leading financial modeling for various investment scenarios, including discounted cash flow analysis and NPV calculations.
- Own the development of comprehensive business cases for product initiatives, incorporating detailed market data, price/volume/mix analysis, and KPIs (e.g., revenue and profit walks, BOM validation).
- Establish a common financial model across all business units, driving efficiencies and consistency in strategic portfolio decisions.
- Conduct in-depth analysis of actual results versus forecast, identifying insights to support the development of long-term strategic plans, annual budgets, and quarterly forecasts.
- Prepare executive-level financial reports and presentations to inform senior leadership on performance, opportunities, and risks.
- Manage, develop, and mentor a team including hosting 1:1s, giving feedback, and conducting meaningful performance reviews.
- Manage and deliver on special projects, with a focus on continuous improvement of financial processes and systems.
Qualifications
BASIC QUALIFICATIONS:
- Bachelor’s degree in Accounting or Finance required.
- 7+ years of experience in finance, accounting, or related field.
- Proven ability to lead cross-functional teams and influence senior leadership.
- Expertise in financial modeling, business case development, and portfolio analysis.
- Strong analytical and problem-solving skills with a continuous improvement mindset.
- Experience balancing high-priority, long-term projects with immediate deadlines in a fast-paced working environment.
- Ability to communicate complex financial information effectively, facilitating strategic decision-making.
PREFERRED QUALIFICATIONS:
- Familiarity with financial planning tools like Excel, SAP Business Planning and Consolidation (BPC), Tableau Desktop, and Qliksense.
- Demonstrated experience in product development, make-vs-buy decisions, or cost of complexity analyses.
- Experience in CPG or design-to-manufacture industries preferred.
- Experience in establishing financial frameworks and standardizing processes (e.g., CER, margin framework).
Additional Information:
At Fortune Brands, we support the overall health and wellness of our associates by offering comprehensive, competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates’ unique needs. This includes robust health plans, a market-leading 401(k) program with a company contribution, product discounts, flexible time off benefits (including half-day summer Fridays per policy), inclusive fertility/adoption benefits, and more. We offer numerous Employee Resource Groups to support inclusivity and our associates’ feeling of belonging at work.
Fortune Brands is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. Our portfolio of brands includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential.
Fortune Brands is headquartered in Deerfield, Illinois and trades on the NYSE as FBIN.
Equal Employment Opportunity
FBIN is an equal employment opportunity employer and does not discriminate against any applicant based on race, color, religion, sex, gender identity or expression, national origin, ancestry, age, disability, marital status, protected veteran status, sexual orientation, genetic history or information, or any other legally protected characteristic.
Reasonable Accommodations
FBIN is committed to working with and providing reasonable accommodation to applicants with disabilities. If you need a reasonable accommodation for any part of the application or interview process, please contact us at fbinleave.fbhs@fbin.com and let us know the nature of your request along with your contact information. Resumes submitted to this email address will not be responded to.
