Financial Manager: System Economics at The Coca-Cola Company

Job Description    

• Coca-Cola Beverages South Africa (CCBSA) has an exciting opportunity in Finance. We are looking for a talented individual with relevant skills and experience for a Financial Manager: System Economics, based in Midrand, reporting into the Financial Manager: Commercial Support.

Key Duties & Responsibilities    
Pricing to Non-Trade Customers (Exports):

•  Design, implement and control export pricing in line with appropriate practices and policies
•  Manage both 3rd party exports and intercompany/group pricing
•  Manage cross-functional inputs into the export value chain and pricing process
•  Control the timing of implementation of export pricing in collaboration with stakeholders
•  Determine and control export margins in line with accepted practice and policies
•  Support the business with export expansion efforts through value chain and price alignment
•  Continually assess opportunities for process improvement in value chain and pricing models
•  Administer the export incentive process in partnership with TCCC and the CC Export Corporation
•  Control the timely alignment, accrual and settlement of export incentives with TCCC/TCCEC
•  Manage export price variance investigations and authorisation of credit/debits to customer accounts
•  Extend export pricing to new products in collaboration with key stakeholders

Product Value Chain Management

•  Maintain a comprehensive library of product value chains as a basis for Margin Minder Cost of Sales data, new product value chains, or other value added initiatives or analyses
•  Control the design of new product value chains through collaboration with multiple stakeholders, use of robust sources of information, and employing appropriate scenario analyses
•  Coordinate value chain inputs across multiple sources of information, including FP&A/finance, Commercial, Technical, Supply Chain, and TCCC/MEC/ASA
•  Evaluate new product development from a finance perspective, and seek input from or provide guidance to internal and external stakeholders accordingly
•  Ensure the timely construction and alignment of value chains

Pricing to Non-Trade Customers (Exports):

•  Design, implement and control export pricing in line with appropriate practices and policies
•  Manage both 3rd party exports and intercompany/group pricing
•  Manage cross-functional inputs into the export value chain and pricing process
•  Control the timing of implementation of export pricing in collaboration with stakeholders
•  Determine and control export margins in line with accepted practice and policies
•  Support the business with export expansion efforts through value chain and price alignment
•  Continually assess opportunities for process improvement in value chain and pricing models
•  Administer the export incentive process in partnership with TCCC and the CC Export Corporation
•  Control the timely alignment, accrual and settlement of export incentives with TCCC/TCCEC
•  Manage export price variance investigations and authorisation of credit/debits to customer accounts
•  Extend export pricing to new products in collaboration with key stakeholders

Product Value Chain Management

•  Maintain a comprehensive library of product value chains as a basis for Margin Minder Cost of Sales data, new product value chains, or other value added initiatives or analyses
•  Control the design of new product value chains through collaboration with multiple stakeholders, use of robust sources of information, and employing appropriate scenario analyses
•  Coordinate value chain inputs across multiple sources of information, including FP&A/finance, Commercial, Technical, Supply Chain, and TCCC/MEC/ASA
•  Evaluate new product development from a finance perspective, and seek input from or provide guidance to internal and external stakeholders accordingly
•  Ensure the timely construction and alignment of value chains from a finance perspective
•  Design and maintain activity based product costing for manufacturing overhead and operating costs
•  Develop or enhance reporting solutions and management accounting models that support the effective and efficient use of product value chains
•  Influence the maintenance or enhancement of system and/or bottler financial performance through optimal product pricing and/or costing/efficiency opportunities

Manage Finished Goods Pricing

•  Control the preparation, analysis and evaluation of existing and new product value chains, in partnership with internal stakeholders, TCCC, MEC and other bottlers
•  Own the calculation and alignment of finished goods transfer pricing under contract packing arrangements with TCCC, MEC and ASA

Margin Minder Cost of Sales

•  Manage the validity, accuracy and completeness of Cost of Sales inputs into Margin Minder
•  Ensure the alignment of MM Cost of Sales with product value chains and other accounting models
•  Routinely test, reconcile and enhance Cost of Sales outputs into MM relative to data inputs and CCBSA’s management reporting
•  Support the business with Cost of Sales troubleshooting, analysis, and data correction as required
•  Enhance reporting solutions through collaboration with IT and external vendors

Skills, Experience & Education    
Channel Profitability

•  Execute, analyse and report on CCBSA’s profitability by trade channel and class of trade
•  Collaborate extensively with key stakeholders in quantifying the cost to serve by channel
•  Ensure timely and accurate delivery of channel profitability outputs
•  Incorporate channel profitability in product value chains or other activities as appropriate
•  Continuously improve/enhance core processes; automate where feasible

Benchmarking

•  Routinely benchmark CCBA, CCBSA, and CCBID’s financial performance against that of global beverage industry giants, local and international competitors, and large African FMCG and retail companies
•  Share half-yearly and annual benchmarking data and insights with key internal stakeholders
•  Manage the calculation and accumulation of benchmarking data as part of Finance KPI’s

Qualifications and Experience:

•  CA(SA) / CIMA
•  5+ years relevant cross-functional post-qualifying finance experience
•  A robust understanding of related finance processes
•  Proven experience in identifying and executing improvements
•  Strong working knowledge of ERP solutions
•  Strong reporting and accounting knowledge
•  Relevant operational experience advantageous

Competencies:

•  Excellent business analysis skills to identify business and process opportunities
•  Ability to prioritise, manage complexity and deal with multiple stakeholders
•  Good self-management practices and the ability to work with multiple teams
•  Strong verbal/analytical reasoning skills
•  A high level of computer literacy
•  Effective at organising and influencing change within the organisation
•  Ability to work with people at various levels of the business
•  Excellent leadership and management skills
•  Excellent interpersonal skills, both internal and external
•  Ability to prioritise, manage complexity and deal with multiple stakeholders

Internal Candidates must submit a fully approved application form (signed off by the Line Manager and HR) to the talent acquisition specialist before the closing date.
Suitable equity candidates will be given preference.
General    

• Internal Candidates must submit a fully approved application form (signed off by the Line Manager and HR) to the talent acquisition specialist before the closing date.