Associate Corporate Finance Manager

BAT is evolving at pace - truly like no other organisation. 

To achieve the ambition, we have set for ourselves, we are looking for colleagues who are ready to live our ethos every day. Come be a part of this journey!

ROLE POSITIONING AND OBJECTIVES

This role is part of the Corporate Finance New Categories team, supporting the Senior Corporate Finance Manager in the statutory accounting, reconciliation and reporting of stock and cost of goods sold across the income statement, balance sheet and cashflow.  The role will be based in GBS Romania however will report to the Senior Corporate Finance Manager in Globe House (London HQ).  Some travel to and from the UK may be required on a quarterly basis when permitted.

WHAT YOU WILL BE ACCOUNTABLE FOR 

Month end:

• Monthly reconciliation of General Ledger stock balance to external warehouse management system;
• Monthly review and analysis of stock write downs (or ups) including: review against Supply Network Operations (SNO) destruction log; appropriate approval and documentation obtained, any recharges, accounting has been reflected correctly from a statutory and management reporting perspective;
• Control reports are reviewed and cleared weekly, and ensure only timing differences of POD are left in the report prior to material ledger close (includes but not limited to shipped not billed report, outstanding PODs, interface failures);
• Own the creation or explore system capabilities to produce stock aging report and stock obsolescence report and proposed provisions required. Once reports are in place, to include with commentary from SNO;
• Reporting of stock locations, and closing off open points on logical stock locations with SNO;
• Quarterly review of stock obsolescence – and provisions proposed;
• Review of SKU valuations for reasonableness, investigate and resolve SKU valuation issues with product costing team and line manager; and
• Review of actuals vs forecast of stock levels including challenging current assumptions used. 

Annual:

• Reporting and reconciliation of opening stock to closing stock as required by external audit with commentary on differences;
• Contribute to external audit investigations on stock and cost of goods sold;
• Support the senior corporate finance manager with the notes to the accounts;
• Ensure physical stock count process is adhered to policy and procedures and that count results are accurately recorded and reconciled for all audit locations; and
• Attend and facilitate annual stock count as finance representative if required.
• Accounts payable/receivable:
• Monthly review of stock related to stock accruals and working with functions to ensure these do not extend pass 90 days;
• Reconcile and monitor supplier adjustments in relation to stock purchase costs (if any) to ensure that actual costs are properly reflected in cost of sales and closing stock ledger; and
• Monthly review of Supply Chain Finance vendors (stock related) ensuring cash allocations are made and cleared in a timely manner and profit centre allocations for management reporting are accurate

Forecast and budgeting:

• Preparing forecast for centre balance sheet stock positions;
• Working with SNO and SNO Finance to set guidelines for planning and forecasting of stock including but not limited to stock duration assumptions, payment terms, assumptions dependant on whether make to stock or make to order model is followed, e-commerce considerations.

Process ownership and control

• Assisting the Senior Corporate Finance Manager to support SNO with the accounting, governance and control requirements that need to be met and adhered to for each of the supply chain initiatives and improvements they recommend;
• Reviewing the control navigator points alongside the control manager and working on any remediations with the SNO function

Other:

• Supporting end-markets with queries on stock and billing;
• Responsible for any insurance investigations to support claims for stock;
• Document processes, guidelines and finance stock policies
• Any other ad hoc reporting as required by the senior corporate finance manager 

ESSENTIAL EXPERIENCE, SKILLS AND KNOWLEDGE

• University degree, accounting qualification in progress will be a plus (ACCA/CIMA)
• Previous relevant experience of around 2-3 years, preferably in Accounting, Audit, Accounting Reconciliations
• An understanding of reconciliations, types of accounting reconciliation, stocks, Purchase to Pay processes would represent an advantage
• Ability to think analytically
• Solution-oriented individual with problem-solving skills and attitude
• Excellent ability to identify and investigate the root-cause of a problem
• MS Office knowledge, especially Excel / SAP would be a good addition
• Great communication skills, both in the local language and in English

WE ARE BAT

 At BAT we are committed to our Purpose of creating A Better Tomorrow. This is what drives our people and our passion for innovation. See what is possible for you at BAT.

 Global Top Employer withBAT people across more than 180 markets

• Brands sold in over 200 markets, made in 44 factories in 42 countries
• Newly established Tech Hubs building world-class capabilities for innovation in 4 strategic locations
• Diversity leader in the Financial Times and International Women’s Day Best Practice winner
• Seal Award winner – one of 50 most sustainable companies

BELONGING, ACHIEVING, TOGETHER

Collaboration, diversity and teamwork underpin everything we do here at BAT. We know that collaborating with colleagues from different backgrounds is what makes us stronger and best prepared to meet our business goals. Come bring your difference!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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