Financial Controller: Manufacturing & Technical at Coca-Cola

Job Description

To execute regional financial processes and procedures which support in driving the delivery of accurate regional financial results, through integrated financial analysis, and partnering with plant leadership teams. To partner with plant leadership to support the implementation of the RACM framework within their plant.

Key Duties & Responsibilities

Cost Management and Reporting

• Coach plant leadership to develop financial acumen and capability.
• Prepare and present plant financial updates in weekly plant team meetings to track performance to date versus target.
• Track and monitor cost commitments, and process journals and accruals into the general ledger to ensure all income and expenses are accounted for in the accounting period.
• Review plant functional income statements and identified sections of the regional income statement, to ensure accuracy and completeness.

• Conduct various analyses and provide commentary on identified sections of the regional income statement variances to derive data insights, highlight cost-saving opportunities and identify risks requiring mitigation, to drive productivity and efficiencies within the plant.
• Implement, track and monitor cost-saving initiatives and action plans, by partnering with plant teams, to align to the overall regional financial objectives.
• Update and communicate weekly and monthly financial reports depicting regional and plant financial performance, tracking key performance indicators, to target audiences within the region.
• Consolidate and analyse plant financial data to support the delivery of a regional cost forecast through communication with key plant stakeholders
• Report on the implementation of opportunities to drive productivity and efficiencies within the region.
• Implement head office or regional financial plans and report on progress, to support the enablement of projects or ad hoc requests aligned to company objectives.

Governance

• Co-develop corrective actions with line managers to address identified gaps as a result of RACM quarterly self-assessments.
• Conduct financial reviews, aligned to RACM requirements, to determine completeness of month-end reports and drive closure of open items.
• Attend quarterly functional surprise stock-counts within the region to ensure accurate stock reporting, aligned to RACM requirements.
• Attend quarterly full-stock count within region, as a management control requirement, to ensure accurate stock reporting.
• Report on unverified assets and coach line managers on the asset verification and identified correction processes to ensure RACM compliance and minimise losses.
• Provide feedback on redundant assets to support quarterly impairment survey.
• Update commentary and provide supporting documentation for quarterly regional functional balance sheet reconciliations.
• Devise action plans to close gaps and track the implementation of these plans to drive compliance.

Budgeting

• Analyse plant functional financial performance data using parameters, guidelines and resourcing requirements, as received from head office, to deliver on the financial objectives of the respective function, in region.
• Provide input into the regional budget through the consolidation of line manager budgeting requests.
• Provide input to various budgeting models and upload final models to the budgeting software.
• Provide input into regional budget forecasts, as required throughout the year, to meet functional financial performance objectives.
• Run various budget reports to review variances by cost centre and plant.

Skills, Experience & Education

• BCom degree in Accounting or Financial Management.
• Additional postgraduate qualifications would be considered advantageous.
• Chartered Accountant of South Africa (CA(SA) / Certified Institute of Management Accountants. (CIMA) would be advantageous.
• 3-5 years of financial management experience.
• Functional experience would be advantageous.
• FMCG Industry experience.