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Job Description Summary:
In The Coca-Cola Company’s Finance Hub, we are a world-class partner, providing tech-enabled, data-driven insights to our stakeholders, enabling business and operational decision-making. All core processes within the Finance Hub aim to drive improvement to overall shareholder value. As a team, we foster a culture of partnership, integrity, and accountability.
The role involves reporting to the Statutory Service Delivery Lead (Stat SDL) for the region and managing the audit process for multiple entities within the newly established Global Statutory & Sustainability Reporting Center of Excellence (CoE). The key responsibilities include ensuring timely and accurate audit deliverables, liaising with external auditors, and managing audit timelines to comply with legal and regulatory requirements. The role demands staying current with statutory reporting rules, working with internal teams on various GAAP requirements, and collaborating with cross-functional stakeholders. Additionally, the position involves contributing to the evolution of the statutory reporting within the CoE by standardizing processes and leveraging current technologies, while effectively partnering with various finance and corporate teams to support audits.
Key Responsibilities and Tasks:
Reporting to the Statutory Service Delivery Lead (Stat SDLs) for the region, with a primary focus on India entities and GAAP, in the Statutory Center of Excellence and manages the audit process for multiple entities in that region, including the alignment of appropriate audit timelines.
Ensure timely and accurate preparation of audit deliverables and liaise with external auditors to resolve audit issues and queries.
Monitor and manage audit timelines to ensure compliance with all relevant legal and regulatory requirements, including timely escalations as needed.
Keeps abreast of the latest statutory reporting rules and requirements, with a primary focus on India, applicable to the legal entities under their remit.
Work with pension actuaries and other internal teams to ensure the US GAAP defined benefit pension accounting process and entries for entities under your remit is appropriate and accurate.
Support other Stat SDLs on global activities, such as defined benefit pension accounting, process changes in local GAAP Impairment accounting.
Collaborates and communicates with multiple cross-functional stakeholders from various points of the enterprise’s organizational hierarchy.
Key member in the evolution of the statutory reporting center of excellence to ensure the data gathering, preparation and audit execution processes are standardized and leverage the most up to date technology and controls; and
Partners effectively with other Finance Hub teams, Corporate Development, Corporate Tax, Accounting Research and audit service providers primarily to support the audit process.
Minimum Requirements and Experience
5+ years of experience in Finance including preparing financial statements, working in external audit, involved in financial and/or management accounting areas requiring influencing, communicating effectively, and collaborating with team leaders and stakeholders
ACCA, CIMA, ACA, with MBA or IFRS postgrad qualifications preferred
Working knowledge of US GAAP and IFRS/Local GAAP as discipline basis for statutory reporting
Indian GAAP experience essential.
General knowledge of regulatory environments
Understanding of financial and/or information tools and systems
Relevant involvement in significant change projects and initiatives desirable
Experience in a multinational company with a global footprint
Operational excellence mindset
Strong demonstration of business acumen, financial competency, audit discipline, language fluency, global thinking, effective communication, systems proficiency, change adaptability, flexibility, being able to operate in ambiguous situations, people management, business partnership and collaboration, and risk management.
Functional Skills
Managing the statutory audit process for multiple countries for a geography requires one to understand the generally accepted accounting frameworks, as well as navigate new and ambiguous requirements to obtain an understanding of what needs to be recorded or reported. This role requires a deep understanding of Indian GAAP and Indian reporting requirements.
Influencing and partnering with various stakeholders including third parties to align expectations, timelines, deliverables, and priorities amidst multiple demands, time pressures, and business changes, are critical to be effective in the role.
Demonstrating strength in solving complex problems, ability to drive actions from analyses and insights, good judgment, and decision-making competencies are key success traits. Exhibiting leadership and growth behaviors (i.e., curiosity, empowerment, agility, inclusiveness), being solution-oriented and communicating effectively are imperative.
Promoting and actioning standardization and simplification as well as best practice-sharing across teams to raise overall organizational effectiveness is expected.
Upholding and supporting a continuous learning culture in the team and across the network enables sustained high performance.
As Platform Services Finance Hub, we have assigned preferable locations for new roles based on business and compliance requirements. Candidates located outside these preferred areas are invited to apply, and each application will be reviewed individually, based on the position's requirements and local compliance regulatory guidelines.
Skills:
Our Purpose and Growth Culture:
We are taking deliberate action to nurture an inclusive culture that is grounded in our company purpose, to refresh the world and make a difference. We act with a growth mindset, take an expansive approach to what’s possible and believe in continuous learning to improve our business and ourselves. We focus on four key behaviors – curious, empowered, inclusive and agile – and value how we work as much as what we achieve. We believe that our culture is one of the reasons our company continues to thrive after 130+ years. Visit Our Purpose and Vision to learn more about these behaviors and how you can bring them to life in your next role at Coca-Cola.
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