Commercial Funds Controller

Job description

Reference Number: 18000261
Commercial Funds Controller (Sales BU)
Bryantson

Job Purpose: Summary

Responsible for Total Trade Spend and Cost to Serve Management ensuring Compliance with the Accounting standards, internal controls and external regulations within Sales' scope. Leading the establishment and implementation of tools/processes that enable better budget management, alleviate administrative burden while improving forecast accuracy.

Key Responsibilities:

· Total Trade Funds and Cost to Serve Management: Manage the end to end process of Sales Trade Funds, i.e. Promotional Funds, Rebate Funds, Logistics Trade Funds, Merchandising and Selling Funds. This includes budget forecasting, monitoring, tracking and reconciliation of actuals vs budgets with insight and commentary on discrepancies.
· Lead and Implement Sales Systems Optimisation and process improvement projects to alleviate administrative burden and improve forecast accuracy for effective Trade Funds Management. Projects may include:
· Establish and maintain automated Payment Schedules for all rebate customers including off-SAP sales
· Monitoring and maintenance of Daily Sales Automation
· Establish and maintain Sales Cube Automation
· Establish and maintain Sales Dynamic Forecasting tools
· Lead projects on Sales Data analytics and coach Sales teams and co-pilots on digesting and synthesising the data for business insight
· Drive Discipline through Monthly Health Checks for Customer Teams working closely with customer co-pilots including:
· TAP's after billing (R 2 Million, Root Causes: Handovers, 2016 R 8.7 Million)
· Monitoring and driving discipline with customer and rebate disputes
· Monitoring, reporting and driving discipline with discounting limits R991 designated products
· Monitoring, reporting and driving discipline with discounting limits, i.e. TPP 1 and 2
· TTS Accruals Sufficiency checks
· Commercial Compliance: Ensuring full compliance to Nestle Accounting standards, WHO Code, Tax laws and other legislation relating to sales and merchandising. Ensure timely closure of Audit issues and key risk indicators (KRI's) from ICCC.
· TTS Accruals and GL Account Management: Support Sales Admin. Team to ensure sufficiency of accruals for customer payments. Ensure no large (over 5%) over or under accruals for Rebates and LTT. Assist sales team with investigations and correction of TTS accruals shortages. Drive quarterly TTS soft close and November Hard Close ensuring clearing of over accruals for Promotional, Rebates and LTT. Support Sales Controller in month-end processes and GL account reconciliations.
· Sales Out Data: Co-ordinate the availability of the Sales Out Data information and ensure accruals are generated. Engage with the Sales Co-Pilot to provide reliable Lump Sum accruals and monitor the accurate allocation to the correct SKUs.

Key Requirements:
· Matric
· CIMA or CA preferred
· A 3 year Post Matric Qualification Accounting / Finance Commercial Degree
· 3 years or more experience within FMCG
· Minimum of 3 years' experience in reporting, consolidation and financial analysis. Experience in retail/food & beverage industry a must
· Computer literacy (Excel, Word, PowerPoint)
· Strong analysis skills and synthesising of data
· Strong SAP Knowledge.
· Must be detail oriented with strong organizational and analytical skills
· Ability to work well with cross functional teams in a fast paced, dynamic environment
· Strong commercial experience within a trade
· Confident communication and presentation skills
· Financial awareness of Return on Investment

Please note that the Company will NOT pay relocation fees for this position.
Preference will be given to candidates from the designated group and people with disabilities. If you
are interested please apply via our careers site ( www.nestle.co.za/careers ) and attach updated copy of your CV, latest payslip, copy of your qualifications and copy of your ID.
Contact: Wandile Brown for further assistance on 011-514-6000
Closing Date: 13 April 2018