Intercompany Accountant

Job description

DESCRIPTION & REQUIREMENTS:

Position Overview:

This position is part of the Global Asia Pacific Center of Expertise (COE) within the Company’s Global Finance Operations. This role is responsible for end-to-end process of Intercompany Accounting such as, reviewing and verifying intercompany charges, reviewing and resolving out of balance/intercompany reconciling items and Intercompany account settlement. Handles more complex locations and transactions

Key Duties and Responsibilities:

Transaction Processing :

· Verifies and reviews details (both sending and receiving) of intercompany requests received
· Determines appropriate Intercompany accounting details (e.g. GL accounts, Cost Objects, Transaction Type, Tax Code, Plant Code, etc.), when required
· Posts Intercompany journal entries on both sides for cross-company enabled locations and to one location if not cross-company enabled
· Works with appropriate accounting contact persons for Intercompany transactions not going through the tool (e.g. marketing charges, fees & commissions, royalties, loans, interest and dividend related transactions)
· Monitors pending Intercompany requests (either Sending or Receiving) and provides status updates to parties who will need to action such requests
· Prepares accruals for recurring transactions (e.g. goods in transit and cash in transit)
· Ensures timely expense recognition (on both sides) for year-end Intercompany related accruals

Reconciliation:

· Performs preliminary and final Intercompany reconciliations for all locations
· Resolves intercompany reconciling items (exceeding the threshold) within month-end reporting timelines
· Resolves intercompany reconciling items (below the threshold) within a two-month time frame.
· Prepares formal balance sheet reconciliations on required timelines (i.e. February, May, August, November and December)

Settlement:

· Coordinates with Treasury for any settlement requirements
· Prepares payments and collections relating to Intercompany

Others

· Handles more complex locations (e.g. determines locations not accepting cross-company charges and the underlying tax or legal justifications for these) and complex transactions (e.g. requires tax codes that will ensure compliance)
· Provides data to Internal and External Auditors
· Identifies process improvement opportunities and implements related OE projects
· May be assign 1-2 weeks on a graveyard shift to cover cut-off and closing week
Organization Impact/Influence:

Interaction with:

External Contacts:  External Auditors

Internal Contacts:  Intercompany Supervisor and Service Delivery Lead: For supervision, guidance and work allocation

Intercompany Contacts: For coordination, account reconciliation and follow up of outstanding items

General Ledger Team: Support and exchange of information

Legal Entity Controller Team

Supervisory Responsibilities:  None

Qualifications: 

Technical Skills:

· Generally Accepted Accounting Principles (US GAAP)
· Reconciliation
· Basis Financial Analysis
· Basic Accounting Principles
· Financial Systems and Process
· Control Environment (SOX)
· Communication

 

Leadership Behaviors:

Drives Innovation  – Develops new insights into solutions that result in organizational improvements; promotes a work environment that fosters creative thinking, innovation and rational risk-taking

Collaborative with System, Customers and Key Stakeholders  -

Act like an Owner  – Focuses on the critical few objectives that add the most value and channels own and others' energy to consistently deliver results that meet or exceed expectations.

Inspire Others  – Builds and maintains relationships that motivate, guide, and/or reinforce the performance of others toward goal accomplishments

Develop Self and Others  – Develops self and others to improve performance in current role and to prepare for future roles; seeks and provides feedback and coaching to enhance performance.

Lives the Values  – Demonstrates the values of The Coca-Cola Company through words, actions, and by example; fosters an environment that reflects the values of the company

 

Required Experience

2-3 years’ experience in Intercompany Accounting and/or General Accounting and Reporting activities     

Preferably with SAP experience

 

Educational Requirement:

B.S. Accountancy, Preferably CPA

 

Cultural Diversity:

Ethnic and cultural exposure both internally and externally. Fluency in English (written and oral) essential

 

Judgment and Decision Making:

-Responsible for ensuring inter-company charges and inter-company accounts are maintained accurately

-Handles more complex locations (e.g. determines locations not accepting cross-company charges and the underlying tax or legal justifications for these) and complex transactions (e.g. requires tax codes that will ensure compliance)

 

Working Condition:

Based in Manila, Philippines

 

Travel Requirement:

Based in Manila, Philippines

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.