Diageo is a global leader in beverage alcohol with an outstanding collection of brands across spirits and beer categories. It operates in more than 180 countries and produces in more than 140 sites around the world. Some of the key brands include Johnnie Walker, Crown Royal, Smirnoff, Don Julio, Tanqueray, Ketel One, Captain Morgan, Baileys, Guinness.
Diageo Business Service India (DBSI) is a Diageo Business Shared Services Centre (DBS) servicing different markets. Processes in scope at DBSI are: Financial Planning & Analytics, Finance Controlling, Source to Pay, Sell to Cash, Human Resource, Master Data Management & Analytics, Application & Technology Support etc.
Finance Controlling (FC) Tower is part of Global Business Operations and provides oversight on financial activities and controls including general accounting, management and external reporting. The tower is responsible for the interpretation of financial and statutory data, the coordination and management of financial and statutory reporting, the management of the P&L and balance sheet delivering solutions that will increase insight and transparency.
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Purpose of the role
The ‘role' is responsible for managing and executing the Finance controlling for the Acquired brands and entities.
Regular functional & operational engagement with market FD, acquired entity finance controllers, SVP, CFO and other cross-functional departments & Leaders of the organization will be an integral part of this role.
Critical Finance Capabilities:
Critical review of the financials received from external accountant/finance controller of the acquired brand.
Sense check of the sanctity of the data by comparing NSV/Case, COGS/case, A&P running rate, Overheads running rate etc.
Accounting for; Depreciation/Amortization journals, Monthly bonus accruals, State excise tax credits, Overhead monitoring and allocating to the correct profit centers, Inventory reconciliation and integrating into Diageo, FA recon and integrating to Diageo, AR collections reconciliation, Samples & Non inventory reconciliation, Diageo ICO accounting.
Working on the integration of financials into Diageo.
Managing the new acquisitions and tequila business
Key stakeholders to manage:
This role mainly works with Finance Director of Diageo NAM market, and Senior Management of acquired entities, Group reporting, GBO tower.
Work with the FC team and FD to ensure accurate and timely financial reporting
Continuously improve the quality of accounting and implement changes in accounting standards, policies & procedures
Pro-actively mobilize the legal entity controls and risk management agenda, ensuring risks are appropriately managed
Lead and coordinate monthly review of balance sheets and Oversee the monthly GL reconciliation process
Audit (PwC, Internal audit, tax) coordination and effective resolution of potential audit issues
Qualifications and Experience Required
CA or Cost accountant
7-10 years of experience in a multinational corporate environment with exposure to financial accounting, reporting, controlling
Shift
15:30 to 00:30 hrs (stretched timing during peak period)