Chris Faircloth

Atlanta, GA Metro 404-***-**** admhlr@r.postjobfree.com https://www.linkedin.com/in/chris-faircloth-8333203/

Global Finance Leader

Professional Senior-level Financial Manager delivering both business and technical acumen. Proven success analyzing and reporting large data sets utilizing multiple reporting tools, business intelligence (BI), and executive level presentations to guide management decision making. Ability to cross-functionally collaborate as a Project Manager to identify and resolve complex business challenges. Broad based business support experience including Supply Chain, Marketing, Employee Services and Consumer Packaging. Recognized for leading high performing teams.

Areas of Expertise

Team Leadership Business Case Creation Analysis Procurement

Full P&L Balance Sheet Management Big Data Data Visualization Process Improvement

Planning Forecasting Cost Accounting Cross-Functional Collaboration

Project Program Management Reporting and Analysis Productivity Cost Savings

PROFESSIONAL EXPERIENCE

The Coca-Cola Company - Atlanta, GA 2006 – 2021

Sr. Finance Manager Global Analytics and Reporting Mar 2020 – Jan 2021

Develop, maintain, manage and report using PowerBI Global Weekly Unit Case Sales, Monthly Key Brand Analytics, Category Performance, and Operating Expense Analytics.

Designing interactive reporting dashboards and analysis and provided directly to CEO, CFO, and the Leadership team directly to tablet devices for over $33B of system revenue.

Provide Ad-hoc analysis for critical reporting requirements and analysis due to COVID-19 including operating expense analytics for global operations for performance against plan, performance against rolling estimates, headcount analytics, vendor spend analytics and detailed travel analysis.

Sr. Finance Manager Associate Services 2017 – 2020

Prepared the annual business plan and rolling estimates for Associate Services totaling over $750M and managed month end close process, monitoring monthly results, preparing variance reports, monthly charge-outs, and led the reclassification of restructuring related expenses to one-time clearing account. Provided leadership with key insights that drove financial results.

Worked with Sr. Leadership to evaluate over 15 global organizational restructures comprised of over 550 associates and consolidate 12 organization units into 5 developing regional hubs resulting in over $12M in savings.

Created new reporting structures in SAP, Workday, Hyperion, and PowerBI for a large reorganization within Coca-Cola Corporate.

Delivered financial analytics to evaluate the move from multiple credit card usage for travel expenses and P-Card to a one card system to determine the financial impact leading to simplifying credit card transactions globally and increasing the threshold for P-card transactions. Spend under management increased from $160M to $300M.

Developed Power BI apps that combined SAP GL data, Workday HCM data, and project systems that provided leadership with a “one stop” shop for managing operating capital expenses, headcount, and vendor related spend for over 200 Corporate users and more than $1B of expense under management.

Performed database maintenance, developed reporting, developing user security, and creating hierarchies to support data visualization that identified actionable areas to deliver bottom line results.

Finance Project Manager Global Sustainable Procurement and Technical 2014 – 2017

Collaborated with bottling partners in aggregation of over $40B in system spend for saving opportunities. Provided finance support and detailed spend expense analysis for IT, Marketing, Packaging, Ingredients, and Equipment spend categories for over 1500 global productivity savings initiates totaling $2B in annual savings.

Prepared Quarterly commodity cost forecasts of over $6B that were utilized by investor relations and the controllers group for business planning purposes.

Established Technical Productivity reporting that served to monitor various savings projects in excess of $150M resulting in receiving the 2016 Special Recognition Program for Accelerated PBT Growth award.

Developed savings and productivity guidelines and training for global finance and procurement organizations and trained over 300 global associates leading to meeting high performance metrics.

Managed a $20M budget to roll out a collaborative procurement program to various global locations including establishing salaries and one-time expenses associated with program roll out.

Financial Services Manager III - Strategic Marketing Finance 2011 – 2014

Led finance support for over $250M of marketing investments for 150 diverse marketing clients including developing business plans, meeting with clients to review monthly rolling estimate, identify risks, and deliver the business plan.

Coordinated marketing finance meetings for several “specialized” multiyear and multi-budgeted marketing investments. Identified $’s required to meet contractual alignment, any RE risks, and coordinated the overall investment.

Worked with multiple partners and data sources to determine the breadth and depth impact for marketing to multi-cultural consumers and provided to Brand Marketing to assist with investment strategy.

Developed a marketing spend analytics tool for meeting with clients and to review actual vs estimated spending and to discuss rolling estimate for marketing campaigns.

Financial Services Manager III - Product Commercialization 2009 - 2011

Led 8 direct reports, a complete P&L and balance sheet for POS transactions including inventory, AP, AR, and accruals. Assisted AP and AR to close out JDE balances and to resolve approximately $2M in open AR issues.

Provided finance support for a client who changed the procurement and fulfillment method of over 100,000 POS orders and $50M annually and led the change in financial processes that eliminated legacy interfaces providing users with an “Amazon” like shopping experience.

Created a direct feed from the shopping site into SAP AP and GL leading to eliminating JDE operating system and creating over $30M in key operating cash flow for CCNA over a 5-year period.

Oversight in $50M in coupon expense management included increased controls and improved analytical reporting for both bottlers and North America Marketing.

Provided financial management of $13M for a Packaging and Outlet Presentation Excellence client group worked as a lead participant in contract negotiations that led to over $3M in savings.

Managed an $85M budget and financial reporting requirements for Ad-Production agencies which involved contract and project statement review.

Facilitated the elimination of 6 positions during a business process redesign as a part of reorganization project working with HR and Legal while continuing to make progress achieving group objectives.

Financials Services Manager II - Coca Cola Parts Supply Chain 2006- 2009

Led 2 direct reports, for a business with a $100M profit and loss statement, approximately $20M of balance sheet accounts, the annual business plan, and the monthly rolling estimate.

Monitored daily inventory, AP, and COGS feeds from a 3rd party service provider into the SAP general ledger and sub-ledger. Identified issues, analyzed root cause, and implemented solutions.

Created process mapping for all operational processes that initialize financial transactions and in doing so identified GAAP issues and developed solutions.

Acuity Brands - Conyers, GA 2003 – 2006

Controller Cost Management

Managed 3 accounting associates, set up financial systems for 2 new production facilities located in Mexico that produced $200M of industrial and home lighting products annually, and $30M of inventory.

Worked with the facility management to plan headcount to meet production requirements, bill of material updates, oversight of vendor payments, internal transfer pricing and general facility accounting operations.

Accountable for the annual budget and rolling estimate overall close process and variance analysis including PPV, MUV, Direct Indirect Labor Variances and Overhead variances.

Managed inventory partnering with operations and IT to develop accounting feeds for AP, inventory, and production forecasts during a facility closing in the US working with the outsource vendor in China.

Finance Manager (Supply Chain Strategic Initiatives and Business Information Systems) 2001 – 2003

Directed company’s financial interest during $120M of manufacturing improvement initiatives including the analysis of complex manufacturing transformation, repositioning over $400M of manufacturing processes and increasing organization cash flow ROI by 50% over a 5-year project life.

Managed four financial analysts to ensure the impact of the company’s financial improvement initiatives were represented in the yearly Income Statement and Balance Sheet plan monthly estimates and reported actual monthly initiative benefits and prepared variance reporting and risk analysis.

Worked closely with Manufacturing, Sourcing, and Cost Accounting to develop analysis of domestic and international outsourcing opportunities resulting in over $100M outsourced at a savings of $12M.

Coordinated with project and program managers in weekly meetings to review the financial and operational metrics and presenting those metrics to Senior Management on a monthly basis.

Quantified over $65M of cash flow impact for the Six Sigma initiative. Success hinges on interaction with 260+ project managers throughout North America.

Utilized Six Sigma methodology, implemented a freight payments and accrual system that accurately allocates approximately $80MM of freight expense to business units while providing auditors with line-item detail. As a result of implementation, over $2MM of cost savings opportunities were identified and realized.

Prepared a $25M internal expense and $5M capital budget plan for the Business Information System function, while also overseeing the financial accounting, month-end close, and variance reporting.

Sr. Financial Analyst Six Sigma 1999 – 2001

●Performed financial analysis on $7M of manufacturing capital expenditures for approval by CFO. Weighted average return for accepted projects exceeded 20%.

●Led a 4-person team that compiled and analyzed 10 years of organization’s financials, normalizing impact of acquisitions, ledger changes, and legacy systems. Recommendations empowered management during economic downturn, supporting 10% increase in profit margins on flat sales.

●Published Cost of Quality Report, detailing $23M of inferior product quality and emphasizing the net financial impact by function and product line. Reports distributed to Executive Leadership Team and led to projects savings over $6M while improving customer service.

ADDITIONAL RELEVANT EXPERIENCE

Finance Manager Inchcape Shipping – Mobile Alabama and London UK 1996 – 1999

Managing several accounting associates for receivables and disbursement accounting for large oil tanker businesses worldwide.

EDUCATION

Masters of Business Administration / University of South Alabama 1998

Bachelor of Science in Finance / Auburn University 1996

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