Colgate Palmolive Company Work Values

Daily Duties at Colgate Palmolive Company:

Executed and delivered comprehensive financial and operational reviews of key business cycles at international subsidiaries and manufacturing plants located globally (requiring 80% travel annually). Performed process walkthroughs and internal control testing, evaluating adequacy and effectiveness of control environments and financial transparency, identifying weaknesses, and recommending value-added improvements based upon regulation and global best practices. In-depth understanding of inventory management and manufacturing operations of consumer goods industry. Specific knowledge includes budgeting & forecasting; budget-to-actual analysis; procurement & supply chain management; vendor management; accounts payable transactions; standard costing reviews; capital investments/projects; costing & contract reviews of third-party service providers; payroll & personnel; period closing; variance analyses; and reconciliations. Performed worldwide reconciliations (year-end) between 10K and respective Colgate financial accounts for all 120+ global subsidiaries, and prepared footnote disclosures in preparation for SEC filings. Responsible for performing SAP system access reviews, generating financial and operational reports, tables/master files, Bill of Materials (BOM), Product Costing Sheets, General Ledger balances and transaction details to support test work of internal controls and financial treatment. Managed and coached teams of six to 15 senior auditors and guest auditors, reviewing process walkthroughs and audit documentation for all assigned business cycles. Incorporated findings into final audit reports to be shared with executive subsidiary and corporate management. Supervised and conducted fraud investigations of third party service providers, inspecting all fixed cost elements to ensure accuracy and validity in charges in accordance with contract agreements. § Reviewed accounting procedures for compliance with US GAAP, IFRS and Colgate Financial Policies. § Utilized tools in SAP GRC Suite -- Governance, Risk and Compliance access control module of user profiles, such as Compliance Calibrator, Access Enforcer, and Firefighter. § Supervised and coordinated all planning, delivery, and closing phases of subsidiary audits; conducted, reviewed, and provided feedback of risk assessments, financial analysis, process walkthroughs, findings & recommendations and Final Audit Report, incorporating SOX 404 and financial and operational control objectives. Reported audit findings to senior management at all levels. § Performed inventory observations and manufacturing reviews of standard costing, various P&L effects, Operational Performance Reviews, Factory Performance and Reliability, Quality Control and Good Manufacturing Practices for all worldwide Colgate-Palmolive categories and brands. § Trained and mentored new audit team members and guest auditors, introducing audit methodology, SAP R3 modules/instances and transactions, various internal programs and databases, and travel logistics. § Prepared and communicated staff performance evaluations, supporting and advocating team leadership, performance development and continuous growth. (See Page 2) MARGARET A. WEEMS PAGE 2 Pricewaterhouse Coopers LLP-Orange County/Los Angeles 2006 – 2007 The largest of the Big 4 Auditors, PwC has more than 163,000 employees and $26.2B in revenues (2009). Experienced Associate—Risk Advisory Services (Internal Audit Services) Planned, performed and supervised co-sourcing and outsourcing services to Fortune 500 Companies in Internal Audit Services and Sarbanes Oxley 404 Compliance for manual and system controls. Provided strategic and financial objectives to assist clients in managing business information and risks while improving efficiency and effectiveness of key business processes, operations, and compliance.  Analyzed and reviewed client operations and internal control environment for publicly traded and private companies, identifying deficiencies in Internal Control Over Financial Reporting and writing recommendations for financial and operational improvements.  Executed and delivered Test of Design walkthroughs; composed and delivered risk-based designs of Audit Planning Memos, test templates and test plans; assessed and delivered Test of Operating Effectiveness of manual and system controls.  Communicated and interpreted audit results and provided recommendations for financial and operational improvements to clients through audit reports, Summary of Aggregated Deficiencies and remediation/gap tracking logs.

What they like about Colgate Palmolive Company:

Working in an organization that is technologically advanced, creative, and innovative is critical in your assessment of hiring companies. Less important to you are stability of the organization, the length of time an organization has been in business, and the business' plans for the future. You prefer a fast-moving company that will take risks to achieve its goals and objectives. The length of time the company has been in business is irrelevant. Maintaining status quo is unnecessary. You thrive on change, uncertainty and the upside of potential business risks, especially those associated with innovation. Stability for the long haul is not nearly as important as is working in an atmosphere that is charged with a sense of urgency and constant change.

Tags

Internal Audit, Manufacturing & Production, SAP, Financial & Operational Audits, Global Supply Chain Management, Team Leader

Skills

These are some of the questions we asked our climbers about their experiences with Colgate Palmolive Company: