Finance Manager - Trade Settlement - Traditional Trade

Job Summary

Suntory is a global leader in consumer-packaged goods, renowned for producing and distributing a uniquely diverse portfolio of beverages, premium spirits, beer, wine, and wellness products throughout the world. With a history dating back to 1899, we are driven by a profound purpose: to inspire the brilliance of life, by creating rich experiences for people, in harmony with nature.

Suntory PepsiCo Vietnam Beverage (SPVB) is a strategic alliance between PepsiCo Inc. and Suntory Holdings Ltd. since 2013.

At Suntory PepsiCo VietNam Beverage, we are committed to creating a diverse, equitable, and inclusive workplace for all employees. We strive to provide equal opportunities for employment, development, and advancement regardless of race, color, religion, gender, gender identity or expression, sexual orientation and age. We are continuously working to cultivate an environment that is free from discrimination, harassment, and bias, and we welcome all individuals to apply for roles at Suntory PepsiCo.

Role: This position is responsible for commercial controlling of company’s investment in TT channel to ensure timely, accurate, cost effectiveness financial & management reporting in accordance with SPVB policy, Tax and other local requirements. Provide stewardship toward SPVB cash out for commercial agreement’s settlement by assessing risks, designing effective process and internal control. Support to deliver Key financial KPIs including Revenue, D&A/ S&D cost control, NOBPT & Cash flow

Job Responsibilities

1. Financial Control and Asset Stewardship

- Safeguard company’s investment in TT channel by providing settlement approval & effectively commercial custody for all activities to distributors/ Agents, secondary Outlets, SPVB and distributor’s sales forces…including all trade programs for indirect OT executed through distributors

- Develop policies, procedures and design/ roll out best practice tools which improve consistency, accuracy, timeliness and cost effectiveness of financial transaction processing and reporting system, settlement process

2. Financial and Operating Control

- Oversee the issuance/ receipt, verification and retention of VAT invoices, settlement documents in compliance with internal Control, Tax and other statutory requirements…

- Oversee the issuance of Credit/ debit MEMO & timely recognition of actual payment in accordance with accounting standard & internal process.

- Apply intensive knowledge of Company End to End process as well as Commercial acumen to resolve complex issues and guide others toward compliance ownership

- Deliver business process improvements related to Sales, namely S2C, Trade schemes and DMS

- Lead risk assessment process in defined scope, ensure new and non-routine risks and the impact of potential business changes are included in risk assessment. Design effective controls over identified risks and influence business partners toward risk management framework, internal control environment

- Lead self-assessment, internal audit, Tax health check, corporate audit & independent audit… for assigned scope of work

- Authorize bank transfer and oversee completeness of transaction and bank reconciliation

3. Month End Closing and Financial Reporting

- Deliver timely, accurate and complete financial statement (P&L, Balance sheet) through D&A, S&D, A&M investment’s accrual quality, monitor actual payment and fall-in/fall out

- Ensure accounting recognition integrity related to Trade investment in TT channel.

- Prepare financial reports: Monthly Balance Sheet, BSHS, mid-month outlook… to proactively and timely report potential issues/ opportunities related to Trade investment in TT channel

4. Partnership & Process Efficiency

- Advise process, financial and control implication to support decision making of business partner, drive commercial growth a sustainable way

- Provide solution for complex issues with balancing risk and benefit for business

- Drive completeness and speed of service for the whole TT trade settlement process until bank transfer, AR offset or Free Good/ Gift issuance… to upgrade customer service level

- Partner with TT leadership team to implement initiatives/ automatic solution/ system development… for sustainable growth

5. Coaching and capability building

- Develop team capability through effective training, coaching, best practice sharing and rotation

- Define and build bench strength for sustainable organization

Skills and Experience

- BA or MA degree in Accounting/Auditing/Finance. Minimum 7 years experiences in similar roles

- Strong technical understanding and knowledge including accounting standard, tax, legislation, company policy and procedures.

- Strong system knowledge and fluent usage of ERP system

- Good Excel and other Microsoft Office Skill (e.g Pivot Table, charts, Dashboard, PowerPoint)

- Good communication, problem solving & influencing skill

- Ability to work under time pressure, work independently with minimal supervision

- Ability to lead the agenda, initiate and implement best practice tool/processes to improve effectiveness in daily operation

- Ability to coach and build team’s capability on technical accounting, tax, policies and controls process through knowledge/ best practice sharing, rotation and training.

You can apply by sending CV to phuc.phanthihong@suntorypepsico.vn 

Please be noted that only shortlisted candidate will be contacted.

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Education