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Coca-Cola Company Latest Career Opportunity

Date Posted: 20/Oct/2016
Deadline: Not Specified

You can rely on Coca-Cola Refreshments USA (CCR) for "The Real Thing." A subsidiary of The Coca-Cola Company (TCCC), CCR bottles and distributes Coke's soft drinks, bottled waters, and juices throughout the US and Canada. The subsidiary is also licensed by Dr Pepper Snapple Group to distribute Canada Dry, Dr Pepper, Schweppes, and C'Plus beverages. (CCR operates in Canada through its Coca-Cola Refreshments Canada unit.) Formerly Coca-Cola Enterprises, the business was acquired by The Coca-Cola Company and renamed CCR in late 2010. The deal was valued at $12 billion (including nearly $9 billion in debt).

Job Title: West Africa Business Unit (WABU) Controller

Job Description

DESCRIPTION & REQUIREMENTS:

Position Overview:

About The Coca-Cola Company

Everyone knows Coca-Cola. It's the best-known product in the world. We've been making it since 1886 and it still tastes the same.

As a business, The Coca-Cola Company is constantly evolving – we develop new products, acquire great brands and pioneer new ways of doing things. We sell four of the world's top five non-alcoholic sparkling drinks (Coke, Coke light, Sprite and Fanta) and 3,600+ products in over 200 countries, including water, juices, energy drinks, and even tea and coffee. Altogether, that adds up to more than 1.9 billion drinks around the globe every day.

In Europe, Middle East and Africa (EMEA), we are located in 60 countries and organized as six business units: Central and Eastern Europe (CEE); Western Europe (WEBU); Turkey, Caucasus and Central Asia (TCCA); Middle East and North Africa (MENA); West Africa (WABU); and South and East Africa (SEABU). These six strong business units allow us to operate at scale while ensuring flawless delivery through local market operations working closely with our bottling partners who manufacture, package and distribute our soft drinks.


Global Business Services (GBS)

GBS is The Coca-Cola Company's multi-functional internal shared-services organization providing a wide range of transactional services across all Coca-Cola business units within functional areas such as: Finance and Procurement Operations, Human Resources Operations, Workplace Strategy and Operations, Controls and Compliance, Change Practice, Operational Excellence, Data Governance, User Experience and Digital, and Creative Business Solutions. Our GBS main locations are Warsaw (Poland), Drogheda (Ireland), Buenos Aires (Argentina), San José (Costa Rica), Manila (Philippines), and Atlanta (Georgia, USA).


We offer our associates:

  • The Coca-Cola Company's extraordinary heritage, our leading brands and the global scale of what we do.
  • The challenge of meaningful work - our unique global system offers constant opportunities to develop world-class skills and a truly international career.
  • A unique culture where people do what they love and live their values.
  • The kind of competitive compensation you would expect from a world leader.


At The Coca-Cola Company, our people have their own formula for turning passion into action. Together, that's how we push the world's greatest brands to new heights. What's your secret formula?


West Africa Business Unit (WABU) Controller

Lagos, Nigeria

Position Overview

As Controller for WABU you will serve as a multi-country Controller for the West Africa Business Unit, based in Lagos, Nigeria, primarily responsible for the end-to-end accounting, taxes and reporting of US and statutory financial statements for a defined set of legal entities covering Nigeria, French West Africa, Mid Africa & Islands and Equatorial Countries, including ‘sign off’ (certification, validation) of the related full set of financial statements (income statement, balance sheet, cash flow, and equity statements).

In addition, you will be responsible for: (a) leading, engaging and developing a team of seven people, based in Ghana, Ivory Coast and Nigeria, (b) managing routines regarding the identification and mitigation of strategic tax and business risks; (c) establishing processes to ensure sustainable compliance with local tax and country regulations; (d) proactively managing accounting processes and routines across the countries to ensure compliance with US GAAP, IFRS and/or other local accounting regulations as well as Company accounting policies; (e) safeguarding the resources of the Company by enforcing internal controls and Company policies, and continuously improving them to ensure the smooth operations of the business; and (f) partnering with the BU CFO and Region CFOs to ensure the relevant business support is provided by GBS (KO shared services organization).

In this role you need to have a holistic view of the Coca-Cola business, providing financial advice and strategy to stakeholders considering the Finance ‘triangle model’ (i.e., Corporate, BU/CPS, and GBS), the regulatory environment, cost and value, continuous process improvement to find productivity, standardization and scaling impact, as well as the sustainability of business models and propositions.

You will be a key leader in the organization, manage people, and provide input to business strategy, capability building, and sustainability of operations. You will partner and engage proactively with Senior Leadership, Corporate stakeholders, E&Y, and Corporate and Business Unit (BU) clients, as well as strongly collaborate with GFO and other global peers, Regional Controllers, and LECs to ensure a coordinated approach in managing business deliverables and processes.


Key Responsibilities

Financial Reporting and Analysis (40%):

  • Responsible for financial reporting integrity and drafting of Local and US GAAP Financial Statements for assigned legal entities, including related sign off and certification
  • Liaise with process teams to ensure all transactions are correctly recorded, including fees & commissions and dividend remittances
  • Coordinate the set-up of new legal entities, business models, and supply models as well as drive the implementation of relevant SAP modules to support business operations
  • Review and understanding of AICs and SPP in order to ensure that the financial statements are being properly reported in accordance with accounting and business policies
  • Monthly review of financial statements and variances, providing narrative and ensuring active follow up as needed
  • Quarterly review of profit center allocations and BU Economic Profit calculation and analysis
  • Responsible for interacting as needed with other teams such as Accounting Research, Corporate Treasury, Corporate Tax, Controller’s Group, CPS, Equity Investees, and E&Y
  • Management of Local and US GAAP E&Y Audit, including planning activities, drafting of financial statements, investment consolidation map, and diagnosis update on new regulations
  • Financial review of contracts with BU partners and FAS 133 contract review with Accounting Research for contracts higher than USD 2 million
  • As relevant, BOFC Forms Review (e.g., Legal Reserves, Related Party Transactions, Impairment Survey, etc.)
  • Coordination of the BU Representation Letter (SEC Letter)
  • Collaborate with the BU on balance sheet/operating capital forecasting
  • Review monthly certain balance sheet account reconciliations


Strategic Business and Tax Planning, Mitigation & Compliance (20%):

  • Proactively work with the BU functions to mitigate business, financial, and tax risks as well as support Commercial Finance and Franchise teams in executing business initiatives
  • Manage/resolve indirect tax issues (excise, customs) affecting the System
  • Review the monthly / periodic VAT, Withholding Tax, Sales Tax, Deferred Tax and Corporation Tax computations as applicable including tax returns and follow up for timely filing with, payment to & reconciliation with Tax Offices
  • Manage compliance with transfer pricing regulatory requirements
  • Oversight and coordination of payroll-related processes (with the Payroll COE) impacting Tax
  • In liaison with the FUFM/BUFD, engage tax advisers and Tax Authorities and coordinate responses to all tax audits and queries within timelines agreed with or demanded by Tax Authorities
  • Collaborate with Legal to ensure compliance with local financial-legal requirements and other local/corporate secretarial requirements.
  • Monthly review of Tax Account reconciliations including Deferred Taxes


Internal Controls and Compliance (20%):

  • Responsible for the maintenance, along with the Controls & Compliance Manager, of an effective internal control environment
  • Support the internal audit process (CAD)
  • Participate in and support the annual review of SOX narratives related to the Financial Statement and Reporting area


Treasury Support (10%):

  • Investments & Dividends – coordination with the Controller’s Group, Corporate Treasury (for financial instruments), and 3rdparty partners to ensure accurate accounting and disclosures in US GAAP and local financial statements and to execute dividend remittances (including withholding taxes) as instructed by Corporate Treasury.
  • Pensions – coordination with the Controller’s Group, Corporate Treasury, and as relevant with Towers Watson to ensure accurate accounting and disclosures in US GAAP and local financial statements


People Management and Continuous Improvement (10%):

  • Develop, motivate, coach, and inspire team members to be a high-performing team
  • For team members, individual career and development opportunities are created, assessed, and realized
  • Apply operational excellence/lean tools to make continuous improvements to processes


What you can expect

  • Being part of a team with Great Spirit and energy.
  • Possibility to gain experience in process transition and Operational Excellence processes.
  • Competitive benefits package combined with development opportunities.
  • Full time employment.


What you need to be successful

In order to be successful as Business Unit Controller for Coca-Cola, you need to be able to understand the business very well in order to develop resolutions to issues that take care of greater Company interest while obtaining alignment with all stakeholders, which on the other hand requires developed influencing skills. Effective people leadership, by engaging, developing and supporting your team to be continuously growing to a higher level, planning and routines setting, great collaboration skills, a high level of integrity in everything you do, and a good sense for prioritization and organizing your work will be additional key success factors for you to be able to ensure stakeholder and business unit requirements are met. As occurring issues generally vary on a case by case basis, a high degree of flexibility, agility and out-of-the-box thinking are required in this role.

As you will be working in a global, virtual team, previous cross-cultural exposure paired with the ability to interact across functions and hierarchies, as well as the ability to communicate with confidence while being culturally aware are crucial.

If in addition you have a knack for developing new internal control procedures with the aim to match new business models and ensure compliance while avoiding undue complexity, you´re just the one we´re looking for.

Ensuring accounting that complies with US GAAP, IFRS and local GAAP as well as identifying root causes of non-compliance with procedures and policies, and developing actions plans to mitigate and tracking progress will be your daily business. Finally, seek for continuously process improvement, proposing solutions to the problems and always evaluating the root causes of them, in order to create a virtual cycle.


Related Job Requirements/ Qualifications

  • 10 to 15 years of experience in the Coca-Cola system or equivalent multinational environment;
  • Fluent in English (verbal and writing) and has excellent communication skills;
  • Strong knowledge of IFRS and US GAAP;
  • Strong SAP and Excel skills.
  • Lives Core Company Values (Leadership, Integrity, Accountability, Passion, Quality, Collaboration, Innovation)
  • Exhibits Leadership Behaviors (Act Like an Owner, Collaborate with the System, Customers, and Key Stakeholders, Develop Self and Others, Inspire Others, Drive Innovation)


Other General Competencies

  • Understanding Coca-Cola Business and Reporting Structure
  • Influencing Others
  • Virtual Teams
  • Core Service Excellence
  • Planning & Organizing
  • Tolerating Stress
  • Problem Solving
  • Decision Making
  • Analytical Thinking


Skills/Knowledge

  • Technical Accounting
  • Financial Policies/Procedures
  • Use of Company Financial Systems
  • Accounting Standards, Tax Rules


Leadership Behaviors

  • Drive Innovation
  • Collaborate with System, Customers and Key Stakeholders
  • Act Like an Owner
  • Inspire Others
  • Develop Self and Others


That sounds appealing? Then start now - TASTE THE FEELING.

Please submit your application (CV and Cover Letter) in English.

At The Coca-Cola Company you can cultivate your career in a challenging and dynamic environment. We are the largest manufacturer and distributor of nonalcoholic drinks in the world-selling more than 1 billion drinks a day. Unlock your full potential with a future-focused company that is known and respected throughout the world.

Method of Application

Interested and qualified? Click the Apply now button to send your application

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