Tiffany & Co.

  • Senior Finance Analyst, Process Optimization and Compliance

    Location US-RI-Cumberland
    Posted Date 1 month ago(6/7/2018 7:55 AM)
    Req #
  • Overview

    Tiffany & Co. is one of the most legendary brands in the world today. With a history that spans back to 1837, Tiffany & Co is a jeweler and specialty retailer, whose merchandise offerings include an extensive selection of jewelry, as well as timepieces, sterling silverware, china, crystal, stationery, fragrances and accessories. Tiffany & Co. operates a manufacturing facility in Cumberland, RI where jewelry products unique to our company are crafted by a diverse workforce.


    Tiffany offers our employees the resources they need to be successful in an environment that recognizes and rewards creativity, innovation and dedication. We take great pride in helping each of our employees design an exciting future within our enduring tradition of excellence. At Tiffany & Co. an inspired career is life’s best accessory.


    Reporting to the Manager, U.S. Jewelry Manufacturing Finance, the successful candidate will be responsible for understanding and improving daily and monthly cost accounting processes, monthly, quarterly and year-end financial closings, and inventory account reconciliations for all jewelry manufacturing facilities in Cumberland, RI; Lexington, KY; Pelham, NY; NYC; and Dominican Republic.  The position is responsible for optimizing use of the JD Edwards systems and applications in support of the day to day operations of the cost accounting department and monitor processes in view of gaining efficiencies. He/she is responsible for implementing policies and procedures aiming to optimize workflows and processes and is the SOX process owner for the jewelry manufacturing entities as well as any Tiffany corporate compliance programs on the jewelry manufacturing side.


    Work Order Flow Process Management

    • Understand and document work order flow process – identify risks for misstatements and implement monitoring controls to limit system reporting errors from work order processing – identify opportunities to increase efficiency in work order review processes in the cost accounting department.
    • Partner with IT to identify opportunities to leverage IT new and existing tools to automate processes
    • Create dashboards to monitor and report on important finished goods and engineering work order variance as an input to optimization and update requirements of the BOM or standard cost in the JDE system and / or closing procedures performed in by the operations
    • Monitor SVP absorption account as a measure for completeness and accuracy

    Inventory Accounting & Valuation

    • Understand and document inventory valuation process
      • Document end to end financial flows including debit & credit postings
      • Identify risks for misstatements and implement monitoring controls to limit system reporting errors from inventory goods handling
      • Identify opportunities to increase efficiency in inventory valuation processes in the cost accounting department
    • Review inventory account reconciliations on a monthly basis and report on material reconciling items for internal manufacturing, toll accounting, and refining activity. Elaborate action plan to address unexplained reconciling differences and to put corrective actions in place
    • Coordinate and report on outcome of annual physical inventory and periodic cycle counts for all manufacturing locations/ subcontractors
    • Coordinate and optimize LCM (Lower of cost or market) process for all Jewelry Manufacturing sites, including accounting for obsolete and slow moving inventory and scrap accounting. Report on material differences.

    Financial Reporting & Compliance

    • Perform review of manual journal entries and validate batches for posting between facilities.  Ensure proper accounting for intercompany transactions.
    • Manage SOX control matrix and complete periodic reviews as process owner – evaluate SOX control matrix in view of changing environment/ level of controls and ensure it is aligned with manufacturing processes and risks identified.
    • Support PWC reviews and audits in support of the corporate accounting group – coordinate responses and report on any noted deficiencies.
    • Provide support to Tiffany centralized services for internal audit, tax, annual closure and consolidation processes and process feedback in view of continuous improvement framework.
    • Support implementation of local and corporate accounting and reporting policies and procedures in close cooperation with the consolidation supervisor based in Antwerp

    Ad Hoc

    • Support special projects and analysis as required by Cost Accounting Manager and Jewelry Manufacturing Management teams.




    • Bachelor's degree in Accounting and/or Auditing

    • Minimum 4 years of Cost Accounting or related financial experience

    • Minimum 3 years of audit experience with one of the “Big Four”  accounting firms

    • Strong leadership and people management capabilities with cross-functional organizational effectiveness

    • Creative thinker with a willingness to challenge the current way of doing things; ability and willingness to drive change

    • Must be proficient in Microsoft Office with advanced Excel skills

    • Experience using manufacturing & financial modules of an ERP system.

    • Demonstrated ability to conduct process flow analysis and implement improvements

    • Strong project management skills with ability to manage multiple priorities

    • Excellent communication and interpersonal skills; both verbally and written

    • Must be available to travel up to 25%, willing to work flexible hours during monthly and year-end closings, as well as for special assignments when business needs require 



    • Knowledge of JD Edwards system and other support software/applications

    • CMA (Certified Management Accountant)

    • CPA (Certified Public Accountant)

    • MBA (Master of Business Administration, Finance and/or Auditing )



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