Financial Controlling Manager

Job Title-

Financial Controlling Manager

About us-

With over 200 brands sold in nearly 180 countries, we're the world's leading premium drinks company. Bring your passion and use your curiosity as you explore, collaborate, and innovate to build brands consumers love. Together with passionate people from all over the world, you'll test new ideas, learn and grow, and unlock a brighter, more exciting future.

Join us to create a career worth celebrating.

About the Function-

Finance at Diageo is about more than the numbers, it's about shaping the decisions behind them.

From guiding investment to unlocking growth, this team plays a critical role in how we perform today and how we plan for tomorrow. You'll work with data, insight and digital tools to influence strategy and help drive a business that operates at global scale.

It's a fast-moving environment where no two days are the same, and where you'll be supported to build your skills, grow your career and make a real impact.

About the team-(TE)

About the role-(TE)

Financial Controllership involves a distinct set of processes and skills that guarantees the true and fair representation of business performance at the cut-off point for the period and creates the transparency on financials for BPM.

We are responsible for in market financials and the end-to-end ownership of financial activities and controls. We business partner with the market and drive in market transformation.

The CG Financial Control teams are organized by region and are accountable for ensuring that the month end close and reporting processes are working effectively & efficiently, identifying, implementing and embedding continual process improvements as well as supporting control agenda (SOX compliance).

The FC Manager is accountable for the accuracy and fair representation of the legal entity financial statements and all the underlying processes that supports the generation of the financial statements, at legal entity level.

The FC Manager, as a member of the Financial Controlling Team and the wider regional Finance team:

• Is the lead point of contact for in-market Finance teams on all issues relating to Financial Control of the entities under his/her control
• Drives the Financial Control agenda for the entities under his/her control
• Has final responsibility for the timely and quality review and submission of monthly financial statements for group reporting purposes and is actively involved in managing the month-end close process
• Leads all aspects of statutory reporting
• Ensures that the entities are operating in line with the internal control environment and provides guidance and input to external and internal audits
• Identifies and leads process improvement projects, manages ad-hoc technical accounting projects and makes day-to-day decisions such as adequacy and appropriateness of month end accruals and provisions.

Purpose of the Role:

FC Manager ensures that the numbers in the financial systems are accurate and complete by fully understanding the operations of the business, applying Diageo reporting rules and accounting standards and defining, maintaining and adhering to Finance processes and controls that capture the right information in the source systems.

The FC Manager is accountable for the statutory view of the numbers (actuals and forecast), controls and ensuring compliance with regulatory requirements. The role covers but is not limited to the following:

• Management of BFC financial packs by taking responsibility of management accounting and financial accounting
• Coordination of balance sheet review at a legal entity level ensuring that all risks and opportunities are captured and acted upon
• Coordinate the month-end close providing an essential link between FR and FP&A team
• Lead statutory reporting process

In addition, the NAM - Corporate Financial Controlling Manager would require to be responsible for the smooth management of a lot of one-off / non-standard items requiring strong accounting knowledge, e.g.:

• Legal settlements - Work closely with the legal advisors and determine the possibility of any permanent liability or provisions to be created for the legal settlements. Agree on the extent of contingent liability for reporting disclosure purpose. Also plays a critical role in the risk assessment process by providing input to Risk Management Committee (RMC) and FAC (Finance Assurance committee) reporting process
• Pension and insurance accounting - Determine accounting impact and provide solutions to the complex pension accounting by working closing with HR teams. Work closely with the insurance team and involved in the assessment of coverage for entire Diageo NA from future risk perspective.
• Taxes - Work with Tax experts and tax teams to assess the current and deferred tax liability in accordance with US GAAP. Also work with Group tax for any issues related to tax reporting.
• Central provisions - determine adequacy of the provisions by working with various functions.
• Goodwill and brand asset accounting - Annual impairment review is sole responsibility of the role holder. Also advises on the accounting implications for any new brand development exercise to be considered as intangible asset. Strong knowledge of difference of treatment between US GAAP and IFRS is expected here
• Equity accounting - Strong knowledge and experience of accounting standards applied during any acquisitions by using equity method. Also work closely with Group and regional Treasury for accounting impact of any capital restructuring and its impact on intercompany loans
• Intercompany loans and accounting -ensure the statutory implications are understood and explained to auditors
• Lease accounting - ensure controls around lease accounting are effectively operated. Also review of operating and finance lease across Diageo NA by working closely with the external valuers and surveyors and also Real estate teams
• OIE budget management - Ensure events which translate to Other income and expenses are accounted correctly and also budget are supervised and monitored for any variance across NAM region
• Consolidated Statutory Financial Statement for NAM which includes Investment Vs Share Capital reconciliation, Intercompany Eliminations, etc within NAM entities. Ensure the Reported Management numbers reconciles with Legal entity book and Statutory books.
• Project Voyager -Overseeing smooth transition of financial information from SAP ECC to S4 while ensuring operational efficiencies in data and processes.
• Acting as an orchestrator between various finance and other function to ensure accurate and timely reporting.
• Manage Dividend payment to Group from NAM
• Ensure all the key financial and non-financial details are presented to the NAM FLT through Finance Governance Board.
• New Business Integration Lead - Work with Business Development, NAM Market, Group Teams during new Acquisition
• Goodwill and brand asset accounting - Annual impairment review
• Impairment assessment for investments.
• Building one NAM team - connected, energized behind the same outcome. Strong connection with GBO, Group Tax, Supply, FP&A

Behavioral Skills (Soft Skills)

• Clarity of thinking and strong verbal communication
• Excellent Business English language (verbal and written), able to communicate effectively. Ability to present complex information in a simplified manner.
• Ability to shift between strategic thinking and detailed analysis
• Curiousity, instinct to roll your sleeves up, pragmatism. Develop strong understanding of business needs and context.
• Solution-driven
• Non-hierarchical
• Demonstrate strong leadership skills
• Ambition to develop, grow self and take on new responsibilities
• Desire to coach and develop team members into future leaders
• Capable of working in a deadline driven environment.
• Ability to work collaboratively with and influence key stakeholders, incl. FP&A leads

Top Accountabilities:

The roles and responsibility FC Manager includes but are not limited to

• Work with the region to ensure accurate and timely financial reporting for both group and local statutory purposes, incl. formal sign-off of the financial statement for external reporting
• Continuously improve the quality of accounting and implement changes in accounting standards, policies & procedures
• Lead and coordinate monthly review of balance sheets and Oversee the monthly GL reconciliation process
• Pro-actively mobilise the legal entity controls and risk management agenda, ensuring risks are appropriately managed
• Coordination the submission of actual and forecasted cashflow and supporting working capital reporting
• Audit (PwC, Internal audit, tax) coordination and effective resolution of potential audit issues
• Identify opportunities to improve accounting processes and participate in automation or system enhancement initiatives

Qualifications:

Education/Work Experience

. Chartered Accountant/ ACCA

• 10-12 years post qualification experience in the relevant field of controlling/accounting/audit roles in multinational companies. FMCG industry experience is preferred but not essential.

Behavioural skills

. Excellent Business English language (verbal and written), able to communicate effectively. Ability to present complex information in a simplified manner

. Ability to work collaboratively with and influence key stakeholders, incl. FP&A leads

. Strong strategic ability to understand / craft the story on performance

. Ability to hold people accountable

Functional Skills

• Advanced accounting and reporting knowledge
• Strong understanding of risk and controls
• Superior analytical and problem-solving skills

. Experience with preparation of statutory accounts and submissions

. Experience with coordinating external audit

. Excellent stakeholder management skills and ability to work cross-functionally Strong and extensive Excel, Power Point and broad business knowledge.

. Strong organizational skills to plan and execute projects

. Experience working with SAP and Business finance consolidation tool. Desirable

PC skills/System knowledge

. MS applications

. Relevant experience with SAP FI /CO modules

. Strong Excel knowledge

Shift Timing:

3.30 PM to 12:30 AM India time.

Flexible Working Statement-

Flexibility is key to our success. Talk to us about what flexibility means to you so that you're supported to manage your wellbeing and balance your priorities from day one.

Rewards & Benefits Statement- (TE)

Diversity statement-

Our purpose is to celebrate life, every day, everywhere. And creating an inclusive culture, where everyone feels valued and that they can belong, is a crucial part of this.

We embrace diversity in the broadest possible sense. This means that you'll be welcomed and celebrated for who you are just by being you. You'll be part of and help build and champion an inclusive culture that celebrates people of different gender, ethnicity, ability, age, sexual orientation, social class, educational backgrounds, experiences, mindsets, and more.

Our ambition is to create the best performing, most trusted and respected consumer products companies in the world. Join us and help transform our business as we take our brands to the next level and build new ones as part of shaping the next generation of celebrations for consumers around the world.

Feel inspired Then this may be the opportunity for you.

If you require a reasonable adjustment, please ensure that you capture this information when you submit your application.