Finished Goods, Move, Fixed Assets Control Lead

Overview

FG and Move

• Finished Goods and Move Lead role in PepsiCo SA is to provide support to the SP&L function through:

• Partnering with key stakeholders to provide insights into business operations
• Providing visibility on spend
• Ensuring accurate reporting
• Identifying areas of waste
• Effectively safeguard company resources

• Lead the SA Finished Goods and Move agenda to assist the Supply Chain Controller to achieve set objectives (business and control)

• Responsibility for the application of policy and governance over Finished Goods and Move processes including but not limited to cost management (risks and opportunities) and financial statement accuracy (P&L and Balance Sheet)

Fixed Assets and G&A

• Fixed Assets Lead role in PepsiCo SSA is to provide support to all business functions and more specifically G&A through:

• Partnering with key stakeholders to provide insights into business operations.
• Providing visibility on spend and compliance.
• Ensuring accurate reporting.
• Identifying areas of cost savings, risk and concerns.
• Effectively recording and reporting of financial information.
• Effectively safeguard company assets.

• Responsibility for the application of policy and governance over owned processes including risks and opportunities and financial statement accuracy (P&L and Balance Sheet).
• Responsible for all Operational Control related accounting and reporting SOX and GCS controls for Businesses within portfolio.

• Support the Supply Chain Controller to achieve set objectives (business & control) by delivering the SA Fixed Asset agenda as detailed in the SA Must Win Battle.
• Responsible and lead the Fixed Asset cycle execution, policy adherence and opportunity identification which includes root cause analysis, problem solving with key stakeholders and implementation of actions to mitigate these risks.
• First layer of mandatory Control approval for all CAPEX investment requests

General

• Lead specific workstreams to asssit the Supply Chain Controller in meeting month-end objectives - including but not limited to:
  • Perfoming month-end distribution cycles across all BU`s
  • Compilation of Flash files for presentations
  • Review and approve any journal entries pertaining to the portfolio

Responsibilities

Inventory

• Partner with Supply Chain leadership to facilitate effective management of Finished Goods
• Ownership of Finished Goods inventory related Balance Sheet accounts reconciliations and reporting
• Ownership for stock provisions (such as Finished Goods and related ad-hoc provisions as applicable) in line with PepsiCo requirements
• Custodian of Inventory Policy
• Cash Flow optimization in line with company targets (P&L based)
• Oversee / co-ordinate independent counts as applicable (KPMG, annual independent count as per PepsiCo policy and surprise counts)
• Harmonise, standerside and implement policies and procedures
• Deep dive / operational reviews in collaboration with Compliance Control

Move

• Responsible for accurate and timely reporting of the Move portfolio in line with PepsiCo Policy (P&L and Balance Sheet)
• Lead the co-ordination of monthly per site reviews comparing actual versus AOP / Latest forecast
• Liase with SCF and SCL teams to gain understanding of inputs within forecast / AOP and provide insights to actuals on month end closure
• Design input schedules to critically assess validity and accuracy of inputs received from operational sites
• Build control processes & tools to enhance efficiency & responsiveness of the flash roll up process
• Perform trend analysis and interpretation
• Review and present monthly Move costs variance analysis report for inputs
• Present monthly cause of change for Flash submission to leadership

Governance & Business Partnering

• Control business partner to SCF and SP&L providing ongoing support and guidance for governance and financial related matters
• Continue to work closely with the leadership of SCF and SP&L to navigate the business and deliver performance against AOP (performance/trend analysis and interpretation, opportunity/risk management)

General FG and Move

• Lead the Finished Goods and Move agenda to ensure accurate and timely management of accounts on a periodic, quarterly and annual basis including balance sheet
• Identify potential risks (routine and non-routine) and communicate to the Supply Chain Controller as well as Business Units Financial Director/s and key stakeholders as applicable
• First layer of control review and approval for Move contracts
• Ad hoc site visits and reviews
• Oversight of month end closure procedure and track costs against AOP or latest estimate
• Lead GCS control execution and remediation for respective controls within the portfolio and supportive role to SP&L as required

Fixed Assets

General

• Lead FA agenda to ensure accurate and timely management of accounts on a periodic, quarterly and annual basis including balance sheet.
• Identify potential risks (routine and non-routine) and communicate to Control SLT and key stakeholders in the business.
• Lead FA GCS control execution and remediation for respective controls within the cycle
• Lead FA related deep-dive reviews to fully understand and address performance issues and area of risk / concern.
• Support the delivery of business change plans impacting portfolio as required (e.g.Integration, harmonization, SAP PGT).
• Ensure local procedures are relevant (not overlapping a global policy unless specifically required) and updated in-line with business / legislative requirements.
• Lead control review and approval for capital appropriation requests process  
• Execute analysis to ensure a “sound business case” exists and lead change proposals to CAPEX documents including partnership with SC Planning and CAPEX project lead.
• Ensure that the BU CAPEX process includes robust governance and reporting which meets stakeholder needs in-line with control requirements.
• Approve the budget load process and analyse spend reports (when requested by business) in accordance with approved CAPEX.
• Partner with all project managers / key stakeholders to manage AUC and prepayments process against defined BU KPI`s (i.e AOP / cash flow / PEP policy)

Capex

• Lead control review and approval for capital appropriation requests process  
• Execute analysis to ensure a “sound business case” exists and lead change proposals to CAPEX documents including partnership with SC Planning and CAPEX project lead.
• Ensure that the BU CAPEX process includes robust governance and reporting which meets stakeholder needs in-line with control requirements.
• Approve the budget load process and analyse spend reports (when requested by business) in accordance with approved CAPEX.
• Partner with all project managers / key stakeholders to manage AUC and prepayments process against defined BU KPI`s (i.e AOP / cash flow / PEP policy)

General

• Lead specific month-end tasks to ensure accurate and timely management of accounts on a periodic, quarterly and annual basis including balance sheet.
• Identify potential risks (routine and non-routine) and communicate to the Supply Chain Controller
• Lead SOX and GCS control execution and remediation for respective owned controls within FR.
• Responsible for accurate and timely recording of all owned Balance sheet and Income statement entries in line with PepsiCo Policy.
• Reviewing Monthly reconciliation of all owned balance sheet accounts.
• Preparation and presentation of the quarterly Balance Sheet Review for owned accounts.
• Ensure accurate recording of costs between different entities in BU (Food/Beverages/Fruit) and accurate allocation of cost between all different brands within BU.
• Review and approve the monthly Management Accounts (Flash), Operating Review, Balance Sheet Review and KPI’s
• Responsible for performing monthly distribution cycles
• Review and approve any journals entries specific to the portfolio

People Management:

• Motivate, coach and lead direct as well as matrix reports (plant finance) to achieve highest standards of excellence
• Develop talent and capability within the supply chain control team and with close stakeholders
• Partner with stakeholders to upskill on governance and policies via training and on-site guidance.
• Share best practice with and obtain best practices from COE’s and other BU’s

Projects & Ad Hoc Tasks:

• Control lead for pre-approval and mandatory sign-off for all process, system and policy related implemtations and changes
• Partner with the Supply Chain Controller and relevant business teams to ensure projects are rolled out in an efficient and effective manner by delivering the assisting with the delivery of the control mandate for all in scope projects

Qualifications

• Computer literate
  • Excel, PowerPoint, Word, SAP experience
• CA / CMA/B Comm (Hons) or equivalent
• Distribution/supply chain industry or related experience
• Able to design and implement strong financial models, processes and procedures.
• Excellent communication and presentation skills that enable a smooth execution of all related processes.
• Adaptable to multi-cultural and multi-national Environment

Experience required

• Minimum of 10 years Finance Management experience. FMCG/Distribution/Supply Chain experience advantageous
• Project management experience
• Strong financial management & planning background
• SAP experience advantageous