Risk & Compliance Manager - 6 Months FTC Reading, England
PepsiCo
Full Time
Reading, England
10.56 - 12.04 GBP Today
Job description
Overview:
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on Twitter, Instagram, Facebook, and LinkedIn @PepsiCo.
Based at our Head Office in Reading (with flexible working), we’re recruiting for a Risk and Compliance Manager role as part of our finance team. PepsiCo operates an efficient business model which includes three UK services providers.
You will be involved among other things: in setting the UK service provider budget fees for the year ahead, analysing any over or under spend against the budget during the year and supporting any fee amendment discussions with the PepsiCo affiliate.
You will also be responsible for effective controls activities covering these arrangements including managing the detail foot-prints of each process. Additionally, you will be supporting the preparation of statutory accounts and tax computations for the UK service providers and other legal entities.
Responsibilities:
Collaboration with FP&A and commercial teams
We offer a competitive salary, bonus, car allowance, critical Illness cover, flexible working, discounted gym membership, company pension plus so much more.
We pride ourselves on our superb work force. The people in this business genuinely care about doing a great job! We have a common goal - strive to continuously improve our business performance and our own personal development. With the majority of executive team having been promoted organically, we are continually developing and encouraging our employees to push themselves further and offer them support with their continual learning. Career progression is incredibly important to us and we provide great opportunities to grow a long term career. We offer you the flexibility you need to create balance and achieve success through our ‘Work that Works’ hybrid flex working initiative.
We believe in-person collaboration is essential for the quality of our culture, team cohesion, creativity and innovation. We therefore plan for our associates to be in-person at least 60% of their working week. Being in-person, together with our colleagues and other key stakeholders can take many forms including going into the office, traveling to engage customers or consumers, interfacing with our frontline associates at their facilities, or hosting a conference or team offsite.
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $86 billion in net revenue in 2022, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on Twitter, Instagram, Facebook, and LinkedIn @PepsiCo.
Based at our Head Office in Reading (with flexible working), we’re recruiting for a Risk and Compliance Manager role as part of our finance team. PepsiCo operates an efficient business model which includes three UK services providers.
You will be involved among other things: in setting the UK service provider budget fees for the year ahead, analysing any over or under spend against the budget during the year and supporting any fee amendment discussions with the PepsiCo affiliate.
You will also be responsible for effective controls activities covering these arrangements including managing the detail foot-prints of each process. Additionally, you will be supporting the preparation of statutory accounts and tax computations for the UK service providers and other legal entities.
SwissCo Compliance
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You will be the subject matter expert on all matters related to the contractual arrangements between the three UK service providers and the PepsiCo affiliates and third party suppliers/customers (Significant third party arrangements);
- This requires maintaining and supporting a contract database with most up-to-date contracts;
- Review all new contracts and getting them approved adequately;
- Working closely with the business to support a modification in the commercial contract.
As a SwissCo Control Owner, you will be updating the risk assessments, managing existing controls (> 25 in total), designing new controls (where needed( and ensuring that they are executed effectively for the service provider arrangements with the PepsiCo affiliate;- You’ll be working closely with the Corporate Tax and US legal teams to manage all existing and new foot-prints applicable to the service providers.
ABA Compliance
- Each year, the UK service providers agree a budgeted fee for the year ahead with the PepsiCo affiliate. You will be involved in understanding the budget whilst working closely with FP&A and setting these budgets for service providers. Tracking the cost over or under spend against the agreed budget on a monthly basis.
- Record a commissionaire journals (16 in total) on a monthly basis and prepare a detail reconciliation to track the SwissCo postings and issue monthly VAT invoices to manage the VAT and cash flow on SwissCo journals;
- Work Closely with SwissCo Team to reconcile the SwissCo income and analyse the movements;
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You will be providing analysis for ‘fee amendments’ negotiations where the budget was exceeded due to changes in the requirements of the PepsiCo affiliates
- This requires preparing a details reconciliation between SAP leading and SAP non-leading leaders);
- Detail reconciliation between AOP to ABA and ABA to Statutory accounts and explaining the reconciling items;
- Preparing standard and non-standard amendments and analysed in detail (on a monthly basis);
- Preparing the detail ABA workbook per SwissCo format and reconciling the effective transfer pricing percentage with the ABA Standard and non-standard amendments;
- Preparing the detail REOC reconciliation between non-leading leader and statutory accounts;
- You’ll be preparing an annual ABA true up journal and invoice to align with the final ABA amendments;
- You’ll be facilitating the preparation of annual APA report to submit to HMRC;
- You’ll be providing analysis to sector on the movement of SwissCo income;
Sector Reporting and Stakeholder Management
- You will support senior finance stakeholders to provide key updates in ‘quarterly certification meetings’ with the PepsiCo affiliate including actioning new or amended financial reporting requests;
- You will be involved in training new senior employees on services provider arrangements with the PepsiCo affiliate as part of their induction. You may be required to provide refresher training as needed from time-to-time;
- You’ll be preparing an analysis for sector on “Tax Packs”, which includes the best estimate of statutory P&L, balance sheet and other notes. This requires a coordination with different team members to gather the input and update the Tax packs;
Collaboration with FP&A and commercial teams
- You will advising departments within the service providers on the scope of services permissible under existing arrangements with other PepsiCo affiliate. This could include reviewing contractual arrangements and transactions between the service providers, PepsiCo affiliates and other third parties;
- Analysis of P&L in detail to understand the fluctuations and get timely SwissCo approval to avoid any non-reimbursement.
- Understand new SKU’s, pricing changes, Fluctuations in general or specific Bad debts, Inventory write-offs or other unusual accounts;
Adhoc Projects and Technical accounting
- You will use your expert knowledge to support the business with Adhoc projects, system implementation, preparation of statutory accounts and tax computations for the service providers;
- Managing the technical accounting areas for stats i.e. pension, stock options etc.
- Other responsibilities include acting as bank administrator and the custodian of the non-leading ledger.
IT Skills
- You’ll be required to understand SAP and HFM. To understand running various SAP and HFM reports and understand the details of the transaction.
- ACA or equivalent qualification with a strong accounting background
- Prior experience of managing external and internal auditors
- Business Partnering experience
- Statutory accounts preparation (desirable but not essential)
- Prior experience of managing external and internal auditors
- Excellent communication and influencing skills, ability to take others including senior management with you
- A self starter with excellent time management, organizational and prioritization skills
- Strong excel/spreadsheet skills, and Knowledge of Oracle GL & HFM preferred
- Awareness of SOx and COSO (detailed knowledge and previous experience preferred)
Why PepsiCo?
We offer a competitive salary, bonus, car allowance, critical Illness cover, flexible working, discounted gym membership, company pension plus so much more.
We pride ourselves on our superb work force. The people in this business genuinely care about doing a great job! We have a common goal - strive to continuously improve our business performance and our own personal development. With the majority of executive team having been promoted organically, we are continually developing and encouraging our employees to push themselves further and offer them support with their continual learning. Career progression is incredibly important to us and we provide great opportunities to grow a long term career. We offer you the flexibility you need to create balance and achieve success through our ‘Work that Works’ hybrid flex working initiative.
We believe in-person collaboration is essential for the quality of our culture, team cohesion, creativity and innovation. We therefore plan for our associates to be in-person at least 60% of their working week. Being in-person, together with our colleagues and other key stakeholders can take many forms including going into the office, traveling to engage customers or consumers, interfacing with our frontline associates at their facilities, or hosting a conference or team offsite.
PepsiCo
https://www.pepsico.co.uk/
Purchase, United States
Ramon Laguarta
$10+ billion (USD)
10000+ Employees
Company - Public
Food & Beverage Manufacturing
1965
