Director, FP&A Enterprise Budget & Incentives

The Enterprise Financial Planning & Analysis Budget and Incentives team supports centralized administration of the goal setting and incentive compensation processes for Sherwin-William’s global businesses. This includes partnering with the Company’s business units to develop an accurate view and expectation of business drivers that enable business strategy and action.

The Director of Budget and Incentives leads a team that works closely with a variety of functional areas within the Company spanning various levels of the organization.  This role has responsibility over ensuring the Company’s incentive compensation budget policies and procedures are implemented and maintained throughout the year, while driving accurate incentive accruals, forecasts and payouts.  Reporting to the Sr. Director of Corporate Financial Planning & Analysis (FP&A) for the Enterprise FP&A organization, the incumbent will also focus on identifying ongoing continuous improvement opportunities across bonus and incentive compensation processes. 

Because this role involves access to confidential financial information, the Company has determined that a review of criminal history is necessary to protect the business and its operations and reputation and to provide similar protections for its clients and potential investments.

This role is focused on:

• Directing overall strategic operations of budgeting and incentives for the global organization by leading a team responsible for:
  • Bonus attainment calculations, accruals, and bonus expense forecasts
  • Managing the timely and accurate publication of monthly financial incentive results and developing enhancements that will allow business units to better drive strategy and profit
  • Aligning with business units on attainment projections and forecasted expense
  • Providing scenario analysis and insights on bonus attainment levels to Group Finance leaders
  • Coordination and maintenance of the financial operating systems surrounding the annual incentive compensation budget process
  • Providing bonus targets and attainment levels for HR Compensation Team and ensuring accuracy of data in the Company’s variable compensation tracking tool (Varicent)
  • Partnering with HR Compensation Team and business units to ensure timely payout of employee bonuses
  • Serving as primary contact for HR Compensation Team for bonus-related information or questions
  • Coordinating the Company’s field budget processes to establish compensation targets
  • Seeding budget forms with global inputs as part of the goal setting process
  • Supporting and assisting with finalization of budget development
  • Executing budget adjustments as needed
• Ensuring a consistent and streamlined incentive month-end close and forecasting process to provide clear visibility of financial projections, control costs, and prevent unforeseen impacts to key stakeholders
• Developing team members’ business acumen around bonus and goal setting-related concepts, as well as business unit leaders’ needs and expectations
• Leading a team of two direct reports with a focus on talent development; setting standards of performance, coaching, training, and developing employees through regular, clear, and consistent communication of goals and deliverables 

The ideal candidate will demonstrate a strong work ethic, ability to work well under pressure, and the skills to manage competing priorities in a fast-paced work environment. Strong organizational and time-management skills, with the ability to adjust and reprioritize as needed, while maintaining a strict adherence to deadlines is critical. Attention to detail, as well as a desire and ability to problem solve through complex financial situations is a must.

POSITION REQUIREMENTS

FORMAL EDUCATION: 

Required:

• Bachelors degree in Finance or Accounting

Preferred:

• Masters degree in Business, Finance or Accounting
• CPA/CMA

KNOWLEDGE & EXPERIENCE:

Required:

• 10+ years of professional work experience in finance, accounting, planning, and/or forecasting
• 7+ years of people management experience
• Experience communicating effectively with customers and ability to anticipate business needs in advance
• Ability to use organizational and industry knowledge to develop solutions to enhance the bonus and incentive compensation process
• Ability to apply understanding of accounting for bonus and incentive compensation concepts, ensuring adherence to financial regulations and compliance (e.g., US GAAP and Sarbanes Oxley)
• Ability to identify opportunities to optimize estimates and create standardized, streamlined reporting
• Ability to build strong business partnerships, and collabora