Kraft Heinz, The Company

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General information

All posting locations: Chicago, Illinois, United States of America

Job Function: 03 - Finance

Department: 03 - 02 - Accounting- Reporting- and Controlling

Date Published: 11-Jan-2021

Job Type: Regular

Description & Requirements

Position Overview:

This role reports to the Manager- Core Accounting- and is responsible for ensuring the proper reporting and consolidation of US and Canada intercompany activity/balances. This position alone is responsible for the accounting of $500M of intercompany sales.  Responsibilities include performing various monthly close procedures- investigating and resolving intercompany imbalances- and executing manual intercompany transactions for non-product related services- intercompany loans- and cash movement. This role calls for strong business partnership with Global Business Services (GBS)- logistics/supply chain finance- and various other global accounting/tax/finance partners. Key opportunities for enhancement include intercompany netting automation and Exports accounting best practice implementation.   Looking for someone to challenge the status quo and identify efficiencies!!

Specific Responsibilities:

This role is primarily responsible for accounting for the following key areas:

  • Lead month end closing processes for North American Intercompany & Exports
    • Perform monthly Receivable/Payable netting process for US entities to remit single net payment
    • Execute recurring recharge entries primarily pertaining to- but not limited to- supply chain finance and US exports
    • Review/approve routine intercompany transactions submitted by various accounting teams for royalties- management fees- commodity hedging- etc.
    • Record monthly activity for IC loans (i.e. accrued interest- FX revaluations- etc.)
  • Work closely with Tax- Transfer Pricing- and Treasury teams
    • Execute cash repatriation transactions
    • Post local entries for occasional global tax restructuring projects
  • Analyze/resolve intercompany imbalances in a timely manner
    • Partner with the offshore GBS Intercompany Hub (IC Hub) to identify and investigate imbalances
    • Provide instructions to IC Hub to settle/pay amounts due and/or write-off differences
  • Maintain balance sheet integrity within Exports business
    • Drive forward best accounting practices for the Exports legal entity
    • Gain understanding of current process and implement improvements
  • Serve as primary administrator of Blackline and SAP Intercompany Journal Entry modules
  • Support colleages with ad hoc Intercompany/Exports accounting information- questions- and analysis
  • Complete accurate & timely balance sheet reconciliations in Blackline
  • Ensure adherance to intercompany accounting principles- SOX and GAAP.
  • Conduct peer reviews for completeness and accuracy
  • Ad hoc projects as requested

Qualifications:

  • Bachelor's degree in Accounting; CPA is a plus
  • 3-4 years of corporate and/or public accounting experience with global company/client
  • Strong SAP foundation
  • Strong knowledge of US GAAP and SEC rules and regulations
  • Ability to effectively lead- manage- and prioritize multiple projects- while effectively operating in a fast-paced- complex- global organization
  • Excellent interpersonal- written and verbal communication- and conflict management skills
  • Outstanding analytical- teamwork- customer service- and leadership skills

Equal Opportunity Employer–minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity