VMI Finance Manager
Smith & Associates Far East Ltd
- Company Industries:Electronics/Electrical Equipment
Job Information
- Post Date:2022-07-20
- Career Level:Middle
- Location:Causeway Bay
- Yr(s) of Exp:3 years
- Qualification:Degree
- Employment Type:Full Time, Permanent
- Job Function:Accounting Credit Control Financial Analyst Others
- Benefits:Dental insurance, Double pay, Life insurance, Performance bonus, Five-day work week
Job Description
- Manage the VMI finance team and all transactions, financing and system issues that arise from VMI programs;
- Grow the VMI finance team as appropriate to manage the volume of business incurred by Smith;
- Manage the day-to-day relationship with VMI financiers, including keeping them apprised of financing opportunities and insuring Smith always has sufficient liquidity to finance VMI programs AND core business;
- Ensure Smith is always compliant with any financial reporting requirements to either financiers or customers and compliant with any financial covenants with respect to VMI programs;
- Ensure Smith can always track each VMI program and the applicable take or pay period for all products;
- Support traders, helping them understand what is acceptable pricing in current market conditions and work with those traders who have inventory approaching the end of their take or pay life;
- Manage the interest rate risk of existing programs;
- Manage Smith’s factoring programs, following up when factoring platforms are not working and working with traders to implement new factoring arrangements where appropriate;
- Consider limitations and constraints of existing ERP/IT set up and make recommendations to improve the process for operational and reporting efficiency; and
- Forecast global cash receipts on a weekly basis/ report against accuracy of previous forecasts.
- A Master’s degree in Finance/Economics/any related discipline
- With at least 3 years of experience as a credit or financial analysis
- Knowledgeable in using the Glovia ERP system and IBM Cognos
- Proficiency in MS Office specifically in Excel, Word and PowerPoint
- Good command of both spoken and written English and Chinese
Company Info
Founded in 1984, Smith is a global distributor of semiconductors and electronic components and a trusted provider of efficiency-enhancing supply chain services to electronics and high-tech manufacturers. Smith’s investment in advanced in-house labs, a highly trained professional team, and strategically located global support centers offers our partners complete sourcing, inventory management solutions, cost-saving program, and more.
Our purpose is to solve supply chain problems for manufacturers of any product that uses electronic components. We’re committed to providing a friendly and team-oriented workplace and culture for our employees and to leave the world a better place than what we found.
As a privately held company, Smith employs more than 700 people worldwide, with over $10 billion in revenue since 2016. Smith's regional hubs in Houston, Hong Kong, and Amsterdam are ISO-certified. In addition, sales and purchasing offices are located in Austin, San Jose, New York, Guadalajara, Beijing, Shanghai, Shenzhen, Seoul, Taipei, Penang, Bangalore, Cluj-Napoca, Munich, and Berlin.
Company website: https://www.smithweb.com/
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