This job has expired, please see additional jobs below
Group Director – Financial Planning & Analysis
Coca-Cola Company
Atlanta, GA, United States
Job Details - this job has expired, please see similar jobs below
Group Director HQ COE– Financial Planning & Analysis and CTM Team
It's an exciting time to work in The Coca-Cola Company's flagship market. We're accelerating our momentum as the fastest-growing large consumer goods company in North America by putting people at the heart of our business and everything we do - whether we're innovating to give consumers the drinks and packaging sizes they want, or building our eCommerce capabilities. People are our focus when we're collaborating with our diverse network of locally-connected bottling partners, and when we're returning every drop of water we use to communities and nature. And people - with the different backgrounds, skills and perspectives they bring to our workplace - are helping transform our business, one big idea at a time. We empower our employees to challenge the status quo, make bold recommendations, experiment and adapt, so we can grow together and make a great business even better.
Function Specific Activities:
The Group Director will manage the combined work of two teams that are coming together and will manage CCNA and Bottler funding and financial activities for the Franchise and NRS team along with leading and managing the NRS Trade Banking (known as CTM).
The CCNA funding includes DME, Monster Revenue, OPEX and SMF paid to bottlers.
REV : $250MM
Deducts (SMF) : $150 MM
DME (CCNA) : $50MM
OPEX : $62MM
The CTM Bottler banking funding includes funds collected from bottlers and paid to National Retail and Food Service Customers along with CCNA funds that support Customers.
Each contract with the customer is unique and spans 2- 70 bottlers’ funds.
National Retail and Food Service Customers are paid from the bank.
CCNA holds a liability risk if the the funds collected from bottlers are overspent with Customers.
$1B in cash runs through the CTM bank $720MM is Bottler funded $280MM is CCNA funded.
Primary responsibilities:
• Owner of the following financial activities within CCNA's Franchise and Commercial Leadership Finance organization: financial planning, rolling estimates, reporting and analysis, the control function, influences and provides recommendation on commercial activities related to investment spend and analysis, as well as provides finance client leadership for a business unit of 375 associates. A team reports to this leader to do this work.
◦ Responsible for the overall internal control environment, timely and accurate financial reporting, and adherence to company policies and procedures. HQ team works directly with and serves as the main point of contact with external and internal auditors.
• Owner of the CTM Bottler Bank processes and finance team that uses a system called MARS. The Bank is responsible for trade management with bottlers where CCNA acts as banking function – collecting funds from bottlers and paying customer trade dollars out to National Retail Customer. $1B in Cash flows through this team and CCNA holds a liability risk if bottlers do not contribute. Significant knowledge required to ensure compliance with trade terms with bottler and also NRS teams. Each NRS customer has a different contract.
• Influencing and leading all bottlers who interact with CTM/ MARs tool to ensure compliance, resolve issues, discuss issues and concerns with the end state that all bottlers funds are collected and no financial issues arise from CCNA. This is a high-risk area where subject matter expertise and adherence to policies is required to be successful.
• Leads and directs commercial financial analysis of secondary P&L and translation of results into impacts on CCNA results from both a Bottler and Customer lens. Directs commercial financial analysis on base and incremental (i.e. innovation) marketing investment spend to support effective decision making enabling FCL to achieve its objectives. Leads assessments of analysis and work to support new areas entering the group (VAF, Body Armor). Delivers actionable insights and provides recommendations to senior leadership to deliver results.
• Leads a team of 32 associates (6 Grade 12 Managers) to maximize career development. Additionally, provides client leadership across Franchise, NRS and RGM associates to maximize business unit performance.
This role will be required to lean heavily into the CTM space and redesign the team structure, how the work gets allocated under the new team, determine how to best leverage the MARs tool.
The Group Director will also be responsible for the development of secondary P&L tools to reflect the impact of Franchise bottlers and NRS customers on CCNA results.
As new lines of accountability come to the team ( VAF, Body Armour) – the role will be responsible to set-up the structure and prioritize the work to ensure proper commercial financial supports along with internal controls.
Minimum Required:
• Bachelor's Degree and equivalent work experience in Finance, Accounting, Business, Economics
Preferred:
• Finance/Accounting background
• MBA, CPA, or CFA
Experience:
Minimum Required:
• Experienced financial planning background with minimum 10-13 years of experience within packaged goods companies.
Preferred:
• Financial planning and innovation background with 13+ years of experience.
Skills:
Minimum Required:
• Business Planning / Rolling Estimate Process. Ability to apply forecasting techniques and skills to develop and evaluate business goals and strategies, analyzing information to derive insights and implications to initiate planning and/or re-planning.
• Experience in variance analysis and narratives, risk and opportunities tracking, and controlling actual results versus budget.
• Understanding of drivers of volume and profitability.
• Experience in developing, maintaining, and using financial models, templates, strategic and operational measures and software programs/systems in order to perform financial analysis.
• Strong collaboration and communication skills. Demonstrated ability to present financial results to large audiences.
• Knowledge of value chain analysis, P&L drivers and Stages & Gates process.
• Understanding of CPG and Coca-Cola specific go to market structures and options
• Understanding of strategy development, execution and support methodologies
• Financial Policies and Procedures. Knowledge of the Company's financial policies and procedures including Standard Practices and Procedures, Standard Accounting Codes, Reporting and Budgeting, Code of Business Conduct, ISSCOM, as well as internal policies and procedures specific to area of responsibility (e.g., controller's group, fountain, operations, manufacturing).
• Ability to manage people effectively and develop associates in financial planning skills and growth behaviors.
Preferred:
• Generally Accepted Accounting Principles. This includes the ability to apply these principles and determine compliance with the principles.
• Business Planning / Rolling Estimate Process.
• Innovation and Stage & Gates Process.
Job Requirements:
Years of Experience:10+ Years Experience
Growth Behaviors:
• GROWTH MINDSET: Demonstrates curiosity. Welcomes failure as a learning opportunity.
• SMART RISK: Makes bold decisions/recommendations.
• EXTERNALLY FOCUSED: Understands the upstream and downstream implications of his/her work. Tracks and shares external trends, best practices or ideas.
• PERFORMANCE DRIVEN AND ACCOUNTABLE: Has high performance standards. Outperforms her/his peers.
• FAST/AGILE: Removes barriers to move faster. Experiments and adapts. Thrives under pressure and fast pace.
• EMPOWERED: Brings solutions instead of problems. Challenges the status quo. Has the courage to take an unpopular stance.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.