Experienced CA as Manager GL Accounting at Mondelēz India Foods Ltd, Mumbai
Manager GL Accounting(
Job Number:
1501399)
Description
COMPANY OVERVIEW
Mondelēz India Foods Ltd. (Formerly Cadbury India Ltd) is a part of Mondelēz International, Inc. (NASDAQ: MDLZ) family of companies, which comprises the global snacking and food brands of the former Kraft Foods Inc. following the spin-off of its North American grocery operations in October 2012. Kraft Foods acquired Cadbury Plc in 2010. The combination of Kraft Foods and Cadbury created a global powerhouse in snacks, confectionery and convenient meals. Kraft Foods had two very different portfolios which would benefit from being run separately. Hence Kraft Foods split in to two companies on October 1, 2012, with focused portfolios:
Mondelēz International: A global snacking business
Kraft Foods: A North American grocery and beverage business
Our Belief is “The power of big.and small”
We are a company that recognizes the power of big but we also respect the importance of small. Our belief is central to our unique strengths, core to our untapped potential, and crucial to our competitive advantage. We have the scale and resources of a $36 billion global powerhouse but with the speed, creativity and agility of a startup company. We celebrate the power of big in our strategy globe with ideas like power brands, global innovation platforms, and being open and inclusive. But we also embrace the power of small by fostering an entrepreneurial spirit, acting like owners and keeping it simple. It is the promise of what you can expect from working at MDLZ as well as what will be expected from you.
With annual revenues of approximately $36 billion, Mondelēz International is the world’s largest maker of chocolate, biscuits and candy, and the second-largest maker of gum.
Our 15 global power brands that drive 70% of our growth include:
o Biscuits: Oreo, TUC, Club Social, Chips Ahoy!, belVita, Barni
o Gum and Candy: Trident, Halls, Chiclets, Cadbury Éclairs, Stride
o Chocolate: Cadbury Dairy Milk, Milka, Lacta, Toblerone
Mondelēz India Foods Ltd is a leading global confectionery & snacks company. It began its operations in 1948 by importing chocolates. After 60+ years of existence, it today has six company-owned manufacturing facilities at Thane, Induri (Pune) and Malanpur (Gwalior), Bangalore, Baddi (Himachal Pradesh) , Hyderabad and 4 sales offices (New Delhi, Mumbai, Kolkata and Chennai). The corporate office is in Mumbai. (New facility at Sri City, AP?)
We operate in five categories in India – Chocolate, Confectionery, Beverages, Biscuits, Gum and Candy and market 11 Power Brands which include Bournvita, Dairy Milk, Halls, Gems, 5Star, Choclairs, Perk, Celebrations, Bournville, Tang & Oreo. Mondelez India Foods Ltd dominates the chocolate market in India with approximately 70% share of the market.
In 1965 Cadbury introduced Cocoa to the Indian soil, pioneering cocoa cultivation in the country. For over two decades, we have partnered with the agricultural universities in Kerala and Tamil Nadu on cocoa research for producing hybridized seedlings for high yield. The program reaches out to a community of 100000 existing Cocoa farmers and adding 7500 new farmers every year. It is hardly surprising then, that the Cocoa tree is still called the Cadbury tree! The Cocoa Life program marks a perfect coming together of our business and sustainability goals, providing us an opportunity to achieve self-sufficiency in the production and procurement of cocoa beans while making a meaningful and highly impactful difference in the community.
PURPOSE OF THE ROLE / FUNCTIONAL CONTEXT:
The position is accountable for managing the financial accounting at Head Office to meet the management and statutory reporting requirements and provide the financial results and analyses.
JOB RESPONSIBILITIES:
A. Financial Reporting & Accounting
· Ensure accounts of the company are in compliance with USGAAP & IGAAP completely.
· Drive timely closure of monthly books of accounts through active co-ordination with all India locations including HO and ensure all location follow the month end closing schedule
· Leading Corporate GL Accounting Team, responsible for month end close activities and timely uploading of financials in HFM module for management reporting.
· Preparations of various financial reports on a monthly basis for Management and apprise the management of the financial performance and explain the variances.
· Ensure the proper recording of accruals and ensure whether these transactions are legitimate, properly documented and conform to company policy and GAAP
B. Financial Controlling
· Ensures compliance with established financial control policies and procedures through periodic review of financial transactions and accounts in order to safeguard the Company assets.
· Monitoring and tracking business Key Performance Indicators on a regular basis and take appropriate actions to ensure actual performance is as per latest budgets/forecast
· Review Balance Sheet Reconciliation for the accounts prepared by Corporate Accounts Team and conduct quality reviews on sample basis for Factories, Branches & HO periodically and ensures compliance with respect to documentation, adequacy and compliance with IGAAP & USGAAP.
C. Financial Audit
· Leads the financial audit and ensures timely completion of USGAAP audit, IGAAP Audit and Tax Accounts Audit by preparing, reviewing and directing the team involved to prepare appropriate financial statements in compliance with USGAAP, IGAAP and applicable statute.
· Reconciliation of profit as per USGAAP and IGAAP.
· Ensures timely completion of audit of other legal entities in India.
D. Others
- Assist Corporate Accounting Manager in various initiatives on process implementation, simplification, change management, streamlining the processes, system migration etc.
- Monitoring of GL accounting with respect to other legal entities in India.
- Any other projects/responsibilities assigned by Corporate Accounting Manager or Senior Finance Team lead.
REPORTING STRUCTURE
Financial Controller, India à Corporate Accounting Manager à Manager Financial Accounting & Audit
KEY RELATIONSHIPS
(a) Internal
HO - Finance Managers, Financial Planning & Analysis Team, Location Finance Managers
(b) External
Statutory Auditors, Internal Auditors, Consultants and BPOs
Qualifications
THE IDEAL CANDIDATE
Chartered Accountant with a minimum experience of 6-7 years in FMCG or other related industry
Technical / Functional skills:
Working knowledge in SAP (ERP) – Certification will be added advantage
Knowledge of US GAAP and Indian accounting standards
Behavioral competencies:
Sound system skills: MS Office with knowledge of Advance Excel function
Strong wish to make ‘the difference’
Strong business and commercial understanding
Good communication and relationship skills
Effective Team player & manager
Strong organizational skills and the ability to handle multiple tasks simultaneously.
