Reporting Manager – Tax & Treasury Function (Team Lead)

Suntory PepsiCo Beverage (Thailand) (Bangkok)

Bangkok, Thailand

In November 2017,Suntory Beverage & Food Limited (SBF), a global soft drink company, and PepsiCo Inc., one of the world's largest food and beverage companies, entered into an agreement to form a beverage joint venture in Thailand.,The official announcement of its beverage joint venture took place on March 5, 2018 and has marked a new chapter for Pepsi-Cola brand in Thailand and will create more excitement for Thailand’s liquid refreshment beverage (LRB) industry. The alliance is intended to combine the strengths of both global powerhouses, with an ultimate goal of achieving the No.1 leadership position in Thailand’s 50-billion valued carbonated soft drinks(CSDs) category and creating new growth opportunities by expanding its beverage portfolio to meet consumer demands, ranging from hydration to sports drinks, ready-to-drink teas and coffees, bottled water, and juices to a variety of innovations in the future. SPBT has registered capital of THB 19.68 billion. Since March 5, 2018, the company has served as the operator and distributor of PepsiCo beverage brands, namely Pepsi-Cola, Mirinda, 7UP soft drinks, ready-to-drink Lipton teas, Gatorade sports drink, and Aquafina hydration drinks. In the coming future, it will also develop and introduce beverage innovations and new offerings from Suntory to Thai consumers. In terms of production, SPBT operates two manufacturing facilities; one is the 96-rai Rayong plant located in Amata City Industrial Estate of Rayong Province, and the other is the 104-rai Saraburi plant at Nong Khae Industrial Estate in Saraburi Province. The company will continue to distribute beverage products through a global logistics firm - DHL - as its logistics and warehousing partner for Thailand. It also works with 24 local distribution partners to gain access to more than 470,000 retailers-wholesalers, and grocery stores nationwide

About this position

Leads the statutory reporting requirements, delivering accurate and timely financial reporting and analysis, in compliance with SPBT’s policies and generally accepted accounting principles. The role assists the Financial Controller in providing effective accounting support on business issues and initiatives.

Responsibilities

Job responsibilities:
• Ensures that all income statement, balance sheet and cash flows statements are properly classified and reported, and adjustments and validations are resolved prior to reporting the results to the SBFA Controls and PepsiCo BU APAC Finance/controls.
• Ensure that standard account definitions and processes are in place to ensure consistent and accurate recording and reporting of transactions for all 3 accounting standards (IFRS, US GAAP, Thai GAAP).
• Leads the reporting process and financial analysis of actual financial results for monthly, quarterly, and annual financial statements preparation and report process and presentation.
• Manage Balance Sheet Review process by preparing & reviewing BS account analysis monthly for all accounts within area of responsibilities for review with Financials Controller, CFO and CEO.
• Manage intercompany transactions, ensures timely reconciliation and booking of monthly transactions for intercompany.
• Leads the preparation of IFRS, US GAAP and statutory reports for SPBT including the coordination with external auditors on audit requirements for all 3 GAAP.
• Regularly review processes to ensure controls and processes in place per Global Control Standard (GCS).
• Align with treasury, review and authorize all cash deposit and FX trade transactions.
• Review consolidated cash flow reports to effectively monitor cash position for proper cash management as required by Corporate Treasury Policy.
• To facilitate Cash management, bank credit facilities, funding & borrowing, Insurance, capital injection / reduction, dividend pay-outs etc.
• Regularly review SPBT insurance policy to ensure governance and compliance to SBF / SBFA Insurance policy.
• Maintain files of business property and other relevant values and coordinate insurance-related activities with Corporate Treasury and appointed Insurance companies.
• Manage the proper accounting of SPBT’s fixed assets in accordance with policy and US/Thai GAAP IFRS guidelines, including proactive involvement in new large capex project investment.
• Manage fixed assets of SPBT ensuring timely capitalization of assets.
• Ensure compliance with policies for CAPEX and Fixed Assets.
• Serves as the business partner of Sales Director in establishing effective governance process for MEM processes.

Requirements

• Strong knowledge of accounting principles and financial reporting standards (IFRS, US GAAP, Thai GAAP).
• Experience in tax compliance and treasury management.
• Proven ability to lead and manage financial reporting processes.
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.
• Proficiency in financial software and Microsoft Office Suite.