Senior Manager, Innovation Finance

Posted Yesterday
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Chicago, IL, USA
In-Office
154K-211K Annually
Senior level
Food
The Role
Leads financial evaluation and governance for innovation projects, including business cases, project P&Ls, DCF and investment modeling, pipeline reporting, funding decisions, and post-launch performance analysis. Partners with R&D, engineering, marketing, commercial, and supply chain teams to optimize margins, assess risks, guide investment choices, establish financial standards, and build finance capabilities across the organization.
Summary Generated by Built In

Job Description:

The Senior Manager, Innovation Finance serves as the financial co-pilot across the category portfolio, providing proactive financial stewardship and strategic leadership for growth-driving initiatives that optimize the P&L. This role is responsible for driving end-to-end innovation governance—from crafting robust business cases and iterating project P&Ls to orchestrating pipeline reviews, performance reporting, and post-launch evaluations. By bridging R&D, Industrial Engineering, Marketing, and Commercial teams, the role ensures investment decisions are financially viable and aligned with Mars' long-term value-creation agenda. Co-pilot team to ensure sustainable innovation that delivers across desirability, viability, or feasibility, and if not, create the tension to decide quickly on stopping immediately.


What are we looking for?

Minimum Qualifications:


  • Bachelor’s degree in Accounting, Finance, Economics, or related quantitative discipline.
  • Minimum of 8–10 years of progressive finance experience with significant exposure to financial modeling, business planning, or FP&A.
  • Strong working knowledge of corporate finance principles, P&L architecture, and stage-gate innovation processes.
  • Proven track record in building multi-year discounted cash flow (DCF), project P&Ls, and capital justification models.
  • Deep understanding of how manufacturing supply chain, formula bill of materials (BOM), and commercial marketing drivers interconnect to impact gross margin and operating profit.
  • Exceptional stakeholder management, communication, and executive presentation capabilities.
  • Demonstrated ability to manage ambiguity, prioritize across competing project deadlines, and drive alignment across matrixed functions.
  • Advanced technical fluency in Microsoft Excel, financial modeling systems, and business intelligence/reporting platforms (e.g., Power BI, SAP).

Preferred Qualifications:


  • MBA, CPA, CMA, or equivalent advanced professional credential.
  • Prior experience within Consumer Packaged Goods (CPG) / Fast-Moving Consumer Goods (FMCG).
  • Direct experience in Innovation Finance, New Product Development (NPD), or Commercial Co-Piloting.

What Will Be Your Key Responsibilities?

The most important and relevant responsibilities of the role:


Innovation Business Cases and P&L Modeling:

  • Lead end-to-end financial evaluation and modeling for Horizon 3 and 4 innovation and portfolio expansion projects across the category.
  • Build, pressure-test, and iterate dynamic P&Ls for individual projects by consolidating inputs from R&D (formulations/ingredients), Industrial Engineering (CapEx, line capacity, conversion costs), and Marketing (volume forecast, pricing, A&CP support).
  • Conduct rigorous sensitivity, scenario, and risk/opportunity analyses to stress-test financial assumptions, gross margin hurdles, Net Present Value (NPV), Internal Rate of Return (IRR), and payback horizons.
  • Collaborate closely with cross-functional teams to ensure innovation initiatives are financially sound, well-governed, and aligned with long-term business objectives.
  • Lead integration of Kellanova innovation data & processes into Mars systems.

Pipeline Governance, Reporting and Cadence:

  • Ensure recurring innovation reporting and governance forums exist with cross-functional leaders.
  • Ensure that innovation performance is reported across all horizons, identifying potential risks and opportunities to ensure long-term pipeline sufficiency.
  • Support the delivery of innovation pipeline health metrics, tracking milestones, launch readiness, projected net sales value, and margin delivery against annual operating plans and strategic targets.
  • Require that innovation data is consistent and accurate across all category pipeline reviews and executive updates.
  • Act as a key finance decision-maker within innovation forums (GTO, ILT), guiding project funding requests by challenging teams to justify funding needs and encouraging agile decision-making on innovation portfolio.
  • Establish global standards on innovation assessment and financial guardrails; lead adoption of global standard and best practices across the organization.

Post-Launch Analysis & Value Realization:

  • Support post-launch reviews (Post-Launch Audits / Lookbacks) at established intervals (e.g., 6, 12, and 24 months post-commercialization) to measure actual market performance against business case commitments.
  • Require diagnosis of root causes of variance across volume realization, trade rate, supply chain efficiencies, and promotional effectiveness.
  • Collaborate with Innovation teams to translate analytical findings into actionable operational learnings to continuously refine future innovation assumptions, hurdle rates, and forecasting models.

Cross-Functional Financial Co-Piloting & Capabilities:

  • Act as an objective, trusted advisor to cross-functional teams, proactively identifying financial risks and opportunities before decisions are locked.
  • Guide project teams to evaluate material cost drivers, trade-offs, recipe optimization, packaging options, and distribution strategies to ensure margin accretive launches.
  • Cultivate financial acumen across non-finance stakeholders, embedding a mindset of return on investment and commercial accountability throughout the stage-gate lifecycle.
  • Build finance skills amongst associates by creating turnkey business modeling templates, deliver training on Mars P&L structures and finance fundamentals, and emphasizing how different line items impact new business model success.

What can you expect from Mars?
  • Work with over 130,000 diverse and talented Associates, all guided by The Five Principles.
  • Join a purpose driven company, where we’re striving to build the world we want tomorrow, today.
  • Best-in-class learning and development support from day one, including access to our in-house Mars University.
  • An industry competitive salary and benefits package, including company bonus.

#LI-KR2

#LI-Onsite

The base pay range for this position at commencement of employment is between the range listed below, however, base pay offered may vary depending on multiple individualized factors, including but not limited to job-related knowledge, skills, and experience. The total compensation package for this position will include variable pay, medical and dental benefits, participation in 401k plan, and paid time off benefits. Details of participation in these benefit plans will be provided if an applicant receives an offer of employment.

The pay range shown is applicable to all US locations listed within the job posting:USD 153,600.00 - USD 211,200.00

Skills Required

  • Bachelor's degree in Accounting, Finance, Economics, or a related quantitative discipline
  • 8-10 years of progressive finance experience
  • Significant experience with financial modeling, business planning, or FP&A
  • Strong knowledge of corporate finance principles, P&L architecture, and stage-gate innovation processes
  • Experience building multi-year discounted cash flow, project P&L, and capital justification models
  • Understanding of manufacturing supply chain, formula bill of materials, and commercial marketing drivers affecting gross margin and operating profit
  • Exceptional stakeholder management, communication, and executive presentation skills
  • Ability to manage ambiguity, prioritize competing deadlines, and drive alignment across matrixed functions
  • Advanced technical fluency in Microsoft Excel, financial modeling systems, and business intelligence or reporting platforms such as Power BI and SAP
  • MBA, CPA, CMA, or equivalent advanced professional credential
  • Experience in Consumer Packaged Goods or Fast-Moving Consumer Goods
  • Experience in Innovation Finance, New Product Development, or Commercial Co-Piloting

Mars Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Mars and has not been reviewed or approved by Mars.

  • Healthcare Strength — The benefits package is positioned as comprehensive, with broad medical coverage and additional protections like life insurance and short- and long-term disability. Mental health support is emphasized, including free mental health services and wellbeing programming under initiatives such as Mars Be Well.
  • Parental & Family Support — Paid parental leave is highlighted as market-leading in the U.S., with an example of 18 weeks fully paid for both parents. Additional family-related leave types such as sick time for caregiving and bereavement leave are also described as part of the overall package.
  • Retirement Support — Retirement offerings are described as strong, including 401(k) matching (with a 6% match cited) and pension plans in some cases. The broader package also references retirement savings options and contributions aligned to local market practice, supporting long-term financial security.

Mars Insights

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The Company
HQ: McLean, VA
41,866 Employees
Year Founded: 1911

What We Do

For more than a century, Mars, Incorporated has been driven by the belief that the world we want tomorrow starts with how we do business today. This idea is at the center of who we have always been as a global, family-owned business. Today, Mars is transforming, innovating and evolving in ways that affirm our commitment to making a positive impact on the world around us. Across our diverse and expanding portfolio of confectionery, food, and petcare products and services, we employ 133,000 dedicated Associates who are all moving in the same direction: forward. With $40 billion in annual sales, we produce some of the world’s best-loved brands including DOVE®, EXTRA®, M&M’s®, MILKY WAY®, SNICKERS®, TWIX®, ORBIT®, PEDIGREE®, ROYAL CANIN®, SKITTLES®, WHISKAS®, COCOAVIA®, and 5™; and take care of half of the world’s pets through our pet health services AniCura, Banfield Pet Hospitals™, BluePearl®, Linnaeus, Pet Partners™, and VCA™. We know we can only be truly successful if our partners and the communities in which we operate prosper as well. The Mars Five Principles – Quality, Responsibility, Mutuality, Efficiency and Freedom – inspire our Associates to take action every day to help create a world tomorrow in which the planet, its people and pets can thrive.

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