The role is responsible for handling unit finance operations of multiple third party owned manufacturing units with bottling and distillation operations for Diageo India and includes activities around fund management, vendor management, month-end closures/ reporting, supporting in audits, tracking cost sheets, and ensuring SOX compliance:
- Support business and operation team in all finance matters and periodic Operational reviews.
- Responsible for insight building and managing & monitoring Make productivity initiatives of the unit.
- Lead the Quarterly Financial Review with Make Finance Cohort Lead & ensure timely and qualitative reporting of Manufacturing Finance Score.
- Support Make Cohort Lead and Procurement team in rate fixation with 3P through cost sheet validations and developing negotiation strategy.
- Monitor the grain funding requirement of distillation activities and timely rotation of funds. Work on optimizing distillation conversion cost agreed with 3P.
- Oversight over vendor payment/ reconciliation process which includes GRN, bill booking, payment processing and reconciliations which are managed by Unit team and Share services.
- Responsible for monitoring operation wastages and cost sheet components and driving efficiencies and optimizing costs.
- Participate in TB / Balance Sheet review process anchored by FC Tower and drive all actions due from Plant Finance BPs as per agreed timelines.
- Ensure necessary entries for amortization, label registrations, license fees and market bottle incentives are made on the system.
- Ensure release of daily PO claims.
- Lead governance over Capex processes and manage review of projects.
- Coordinate MIS reports on manufacturing, inventory, SLOB, monthly PV & pending C&F forms and report to the HO periodically.
- Support in statutory audits, tax audits and internal audit and implementation.
- Support in preparation of the unit budget.
- Anchor the financial control environment in units and assist in Sox / IFC audits.
- Support in the creation and implementation of effective governance, compliance and risk management frameworks across USL to drive holistic performance and maintain reputation
- Ensure pro-active input into preventative actions to address key business risks
- Support in resolution of issues and proactively create an environment where risk is avoided
- Practice Diageo's dial-up behaviors & champion the embedding of a compliance culture within USL.
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Qualification:
- CA/MBA (Finance) Experience: 3+ years post qualifications experience in similar background
- Knowledge & skills:
- Excellent Analytical skills
- An eye for accuracy and detail
- Able to manage financial control systems and processes and units financial data
- Knowledge of Indian Accounting & Tax and its application to the USL Group
- High level of professionalism, integrity and commitment
- Ability to analyses complex data, draw connections and advocate a coherent strategy for improvement
- Decision Making skills
- Good oral and written communication skills
Diversity statement
Celebrating our inclusive and diverse culture is core to Diageo's purpose of "celebrating life every day everywhere". This purpose is, in itself, inclusive in nature, as it values everybody irrespective of background, disability, religion, gender identity, sexuality or ethnicity.
We know that for our business to thrive and for Diageo to realize its ambition, we depend on having diverse talent with a range of backgrounds, skills, and capabilities in each of the 180 countries in which we operate and to reflect our broad consumer base. We view diversity as one of the key enablers that helps our business to grow and our values, purpose and standards set the conditions for us to respect the unique contribution each person brings.