Executive - Financial Accounting

ABOUT GENERAL MILLS

We make food the world loves: 100 brands. In 100 countries. Across six continents. With iconic brands like Cheerios, Pillsbury, Betty Crocker, Nature Valley, and Haagen-Dazs, we’ve been serving up food the world loves for 155 years (and counting). Each of our brands has a unique story to tell.

How we make our food is as important as the food we make. Our values are baked into our legacy and continue to accelerate.

us into the future as an innovative force for good. General Mills was founded in 1866 when Cadwallader Washburn boldly bought the largest flour mill west of the Mississippi. That pioneering spirit lives on today through our leadership team who upholds a vision of relentless innovation while being a force for good. For more details check out http://www.generalmills.com

General Mills India Center (GIC) is our global capability center in Mumbai that works as an extension of our global organization delivering business value, service excellence and growth, while standing for good for our planet and people.

With our team of 1800+ professionals, we deliver superior value across the areas of Supply chain (SC) , Digital & Technology (D&T)  Innovation, Technology & Quality (ITQ), Consumer and Market Intelligence (CMI), Sales Strategy & Intelligence (SSI) , Global Shared Services (GSS) , Finance Shared Services (FSS) and Human Resources Shared Services (HRSS).For more details check out https://www.generalmills.co.in

We advocate for advancing equity and inclusion to create more equitable workplaces and a better tomorrow.

JOB OVERVIEW

Function Overview

The Finance organization partners across General Mills to provide financial expertise to guide and govern the company. We hold ourselves accountable for the areas where we are uniquely positioned to drive results – what we call our Strategic Priorities – but we never lose sight of the fact that we only truly win when the company wins. The Finance function operates as a global team through the partnership of a series of enterprise-focused and business-embedded groups. Our Finance Shared Services team enables our enterprise to make bold decisions by leading financial planning & analysis, finance operations and managing risk & compliance.

For more details about the Function please visit this Link

Purpose of the role

Ensure accurate recording of financial transactions in compliance with related accounting controls and prepare information and reports for North American Internal/External manufacturing facilities. Responsibilities require functional expertise in finance and accounting, strong customer relationship, Analytical s, and communication skills.

KEY ACCOUNTABILITIES

80% of Time

• Conduct Monthly/Quarterly inventory reconciliations and ensure accuracy of inventory levels.
• Investigate and resolve inventory discrepancies, including identifying root causes and implementing corrective actions.
  •Work with Warehouse, Manufacturing Plants, Monitor and Resolve, and Finance teams to identify root causes of discrepancies and implement corrective actions.
  • Analyze inventory data and provide insights to improve inventory management processes.
  • Ensure compliance with inventory control policies and procedures.
  • Collaborate with cross-functional teams to optimize inventory levels and reduce excess inventory discrepancies.
  • Maintain accurate inventory records in the ERP system and clear negative inventories.
  • Collaborate with cross-functional teams to troubleshoot and resolve issues.
  • Resolution of EDI/IDOC errors related with Inventory transactions.
  • Regularly work on all daily/Weekly Report and meet SLA guidelines.
  • Develop strong relationships with business partners.
  • Support business continuity to meet critical business objective.
  • Ensure KPI’s are consistently met.
  • Ensure all SLA's are met with set accuracy and timelines
  • Support audit and control to ensure compliance with GMI and Sarbanes-Oxley requirements.
  • Work and resolve issues related daily, weekly and monthly activities (E.g. Inventory reports, Negative inventory report, Prepare JE’s, Open Purchase order /Shipment report, Qty Discrepancy Report)
  • Perform Grain Accounting activities.
  • Perform Unload Settlements on daily basis.

10% of Time

• Identify, initiate, and implement process improvement ideas.
  

• Leverage Continues Improvement tools or mindset to identify recurring issues and work towards Institutional Solution

10% of Time

• Ensure clear process documentation is in place, utilized and updated in timely manner.
• Actively participate in team or site events/initiatives

MINIMUM QUALIFICATION

·     Minimum Degree Requirements:  Full Time graduation from an accredited university (Mandatory)

·     Minimum years of related experience required: 2+ years of relevant experience in business, accounting.

Specific Job Experience or Skills Needed

·       Experience in Reconciliation is must.

·       Familiarity with SAP system functionality preferred.

·       Experience dealing with U.S. personnel over phone preferred.

·       Ability to question, recommend, influence and lead process changes to enhance efficiency and effectiveness for the team and stakeholders.

·       Advanced MS Office computer skills preferred (i.e., Word, Excel, Access, Outlook)

Competencies/Behaviors required for job

·     Delivers outstanding results: Consistently Meets/exceed deliverable, takes appropriate decisions.

·       Business Process and Analytics: Understand the financial implication & business driver behind them.

·       Lead Innovation – Experiment with new approaches and shifts priority when necessary.

·       Business Partnership: Develops a good relationship with plants/GMI partners.

·       Financial Acumen: Understands accounting Policies & Procedure

PREFERRED QUALIFICATIONS

·       Preferred Major Area of Study: Finance & Accountancy

·       Required Professional Certifications:  None

·       Preferred Professional Certifications:  None

·       Preferred years of related experience:2+ years of relevant experience in business, accounting