West Africa Business Unit (WABU) Controller Vacancy at The Coca-Cola Company

The Coca-Cola Company (NYSE: KO) is the world’s largest beverage
company, refreshing consumers with more than 500 sparkling and still
brands.
At The Coca-Cola Company you can cultivate your career in a challenging
and dynamic environment. We are the largest manufacturer and
distributor of nonalcoholic drinks in the world-selling more than 1
billion drinks a day. Unlock your full potential with a future-focused
company that is known and respected throughout the world.

The Coca-Cola Company is recruiting to fill the job position below:


Job Title: West Africa Business Unit (WABU) Controller

Job ID: 37599
Location: Lagos
Job Type: Full Time
Travel Required: 25%
Position Overview

  • As Controller for WABU you will serve as a multi-country
    Controller for the West Africa Business Unit, based in Lagos, Nigeria,
    primarily responsible for the end-to-end accounting, taxes and reporting
    of US and statutory financial statements for a defined set of legal
    entities covering Nigeria, French West Africa, Mid Africa & Islands
    and Equatorial Countries, including ‘sign off’ (certification,
    validation) of the related full set of financial statements (income
    statement, balance sheet, cash flow, and equity statements).
  • In addition, you will be responsible for:
    • Leading, engaging and developing a team of seven people, based in Ghana, Ivory Coast and Nigeria,
    • Managing routines regarding the identification and mitigation of strategic tax and business risks;
    • Establishing processes to ensure sustainable compliance with local tax and country regulations;
    • Proactively managing accounting processes and routines
      across the countries to ensure compliance with US GAAP, IFRS and/or
      other local accounting regulations as well as Company accounting
      policies;
    • Safeguarding the resources of the Company by enforcing
      internal controls and Company policies, and continuously improving them
      to ensure the smooth operations of the business; and
    • Partnering with the BU CFO and Region CFOs to ensure the
      relevant business support is provided by GBS (KO shared services
      organization).
  • In this role you need to have a holistic view of the Coca-Cola
    business, providing financial advice and strategy to stakeholders
    considering the Finance ‘triangle model’ (i.e., Corporate, BU/CPS, and
    GBS), the regulatory environment, cost and value, continuous process
    improvement to find productivity, standardization and scaling impact, as
    well as the sustainability of business models and propositions.
  • You will be a key leader in the organization, manage people, and
    provide input to business strategy, capability building, and
    sustainability of operations.
  • You will partner and engage proactively with Senior Leadership,
    Corporate stakeholders, E&Y, and Corporate and Business Unit (BU)
    clients, as well as strongly collaborate with GFO and other global
    peers, Regional Controllers, and LECs to ensure a coordinated approach
    in managing business deliverables and processes.

Key Responsibilities
Financial Reporting and Analysis (40%):

  • Responsible for financial reporting integrity and drafting of
    Local and US GAAP Financial Statements for assigned legal entities,
    including related sign off and certification
  • Liaise with process teams to ensure all transactions are
    correctly recorded, including fees & commissions and dividend
    remittances
  • Management of Local and US GAAP E&Y Audit, including
    planning activities, drafting of financial statements, investment
    consolidation map, and diagnosis update on new regulations
  • Financial review of contracts with BU partners and FAS 133
    contract review with Accounting Research for contracts higher than USD 2
    million
  • As relevant, BOFC Forms Review (e.g., Legal Reserves, Related Party Transactions, Impairment Survey, etc.)
  • Coordination of the BU Representation Letter (SEC Letter)
  • Collaborate with the BU on balance sheet/operating capital forecasting
  • Review monthly certain balance sheet account reconciliations
  • Coordinate the set-up of new legal entities, business models,
    and supply models as well as drive the implementation of relevant SAP
    modules to support business operations
  • Review and understanding of AICs and SPP in order to ensure that
    the financial statements are being properly reported in accordance with
    accounting and business policies
  • Monthly review of financial statements and variances, providing narrative and ensuring active follow up as needed
  • Quarterly review of profit center allocations and BU Economic Profit calculation and analysis
  • Responsible for interacting as needed with other teams such as
    Accounting Research, Corporate Treasury, Corporate Tax, Controller’s
    Group, CPS, Equity Investees, and E&Y
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Strategic Business and Tax Planning, Mitigation & Compliance (20%):

  • Proactively work with the BU functions to mitigate business,
    financial, and tax risks as well as support Commercial Finance and
    Franchise teams in executing business initiatives
  • Oversight and coordination of payroll-related processes (with the Payroll COE) impacting Tax
  • In liaison with the FUFM/BUFD, engage tax advisers and Tax
    Authorities and coordinate responses to all tax audits and queries
    within timelines agreed with or demanded by Tax Authorities
  • Collaborate with Legal to ensure compliance with local
    financial-legal requirements and other local/corporate secretarial
    requirements.
  • Monthly review of Tax Account reconciliations including Deferred Taxes
  • Manage/resolve indirect tax issues (excise, customs) affecting the System
  • Review the monthly / periodic VAT, Withholding Tax, Sales Tax,
    Deferred Tax and Corporation Tax computations as applicable including
    tax returns and follow up for timely filing with, payment to &
    reconciliation with Tax Offices
  • Manage compliance with transfer pricing regulatory requirements

Internal Controls and Compliance (20%):

  • Responsible for the maintenance, along with the Controls & Compliance Manager, of an effective internal control environment
  • Support the internal audit process (CAD)
  • Participate in and support the annual review of SOX narratives related to the Financial Statement and Reporting area

Treasury Support (10%):

  • Investments & Dividends – coordination with the Controller’s
    Group, Corporate Treasury (for financial instruments), and 3rdparty
    partners to ensure accurate accounting and disclosures in US GAAP and
    local financial statements and to execute dividend remittances
    (including withholding taxes) as instructed by Corporate Treasury.
  • Pensions – coordination with the Controller’s Group, Corporate
    Treasury, and as relevant with Towers Watson to ensure accurate
    accounting and disclosures in US GAAP and local financial statements

People Management and Continuous Improvement (10%):

  • Develop, motivate, coach, and inspire team members to be a high-performing team
  • For team members, individual career and development opportunities are created, assessed, and realized
  • Apply operational excellence/lean tools to make continuous improvements to processes
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What You Can Expect

  • Being part of a team with Great Spirit and energy.
  • Possibility to gain experience in process transition and Operational Excellence processes.
  • Competitive benefits package combined with development opportunities.
  • Full time employment.

What you need to be Successful
In order to be successful as Business Unit Controller for Coca-Cola, you
need to be able to understand the business very well in order to
develop resolutions to issues that take care of greater Company interest
while obtaining alignment with all stakeholders, which on the other
hand requires developed influencing skills. 


Effective people leadership, by engaging, developing and supporting your
team to be continuously growing to a higher level, planning and
routines setting, great collaboration skills, a high level of integrity
in everything you do, and a good sense for prioritization and organizing
your work will be additional key success factors for you to be able to
ensure stakeholder and business unit requirements are met. As occurring
issues generally vary on a case by case basis, a high degree of
flexibility, agility and out-of-the-box thinking are required in this
role.

As you will be working in a global, virtual team, previous
cross-cultural exposure paired with the ability to interact across
functions and hierarchies, as well as the ability to communicate with
confidence while being culturally aware are crucial. If in addition you
have a knack for developing new internal control procedures with the aim
to match new business models and ensure compliance while avoiding undue
complexity, you´re just the one we´re looking for.

Ensuring accounting that complies with US GAAP, IFRS and local GAAP as
well as identifying root causes of non-compliance with procedures and
policies, and developing actions plans to mitigate and tracking progress
will be your daily business. Finally, seek for continuously process
improvement, proposing solutions to the problems and always evaluating
the root causes of them, in order to create a virtual cycle.

Related Job Requirements/ Qualifications

  • 10  to 15 years of experience in the Coca-Cola system or equivalent multinational environment;
  • Fluent in English (verbal and writing) and has excellent communication skills;
  • Strong knowledge of IFRS and US GAAP;
  • Strong SAP and Excel skills.
  • Lives Core Company Values (Leadership, Integrity, Accountability, Passion, Quality, Collaboration, Innovation)
  • Exhibits Leadership Behaviors (Act Like an Owner, Collaborate
    with the System, Customers, and Key Stakeholders, Develop Self and
    Others, Inspire Others, Drive Innovation)

Other General Competencies:

  • Understanding Coca-Cola Business and Reporting Structure
  • Influencing Others
  • Tolerating Stress
  • Problem Solving
  • Decision Making
  • Analytical Thinking
  • Virtual Teams
  • Core Service Excellence
  • Planning & Organizing

Skills/Knowledge:

  • Technical Accounting
  • Financial Policies/Procedures
  • Use of Company Financial Systems
  • Accounting Standards, Tax Rules

Leadership Behaviors:

  • Drive Innovation
  • Collaborate with System, Customers and Key Stakeholders
  • Act Like an Owner
  • Inspire Others
  • Develop Self and Others


How to Apply

Interested and qualified candidates should:
Click here to apply

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