Financial Analyst

2 days left

Employer
General Mills, Inc.
Location
India
Posted
Jun 08, 2024
Closes
Jun 18, 2024
Ref
4706083660
Level
Staff
Hours
Full Time
Organization Type
Corporate
Position Title

Financial Analyst

Function/Group

Finance Shared Services

Location

Mumbai

Shift Timing

1.30 PM to 10.30 PM

Role Reports to

Manager-FP&A

Remote/Hybrid/in-Office

Hybrid

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 Häagen-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 bring a distinctive skill set to help the company sustainably drive strong returns on investment, whether that's brand investments, capital investments or resource investments. 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.

For more details about the Function please visit this Link

Purpose of the role

Manage supply chain finance functions for designated external manufacturing locations. Be a front face to the company and build a robust relationship with external manufacturing locations. Provide analytical support to Mpls ESC Finance team and Mumbai Supply Chain Finance Center of Excellence.

KEY ACCOUNTABILITIES

70% of Time Communication: Email, Telephonic, Live Meeting & IM
  • Communication with External Manufacturers primarily for Inventory, Payables, Materials Usage, Volume analysis, Payment variances, Actual V/s Plan volume analysis, Product Costing variances and ad-hoc queries received from external manufacturers as well as ESC group in Mpls.

10% of Time Month end activities:
  • Create accrual entries
  • Volume estimates
  • DMS reporting

20% of Time Daily Activities:
  • Product Costing Setup (ZMAX)
  • Maintain Product Costing Accuracy
  • Manage Auto Pay Payments & Accuracy
  • Invoice Coding and approval
  • Inventory Stock Adjustment review and approval
  • Usage Analysis (Monthly Annual)
  • Contract Review

MINIMUM QUALIFICATIONS
  • Minimum Degree Requirements: Bachelors
  • Minimum years of related experience required: 4+ years

PREFERRED QUALIFICATIONS
  • Preferred Degree Requirements: Masters
  • Preferred Major Area of Study: Finance, Analytics, Accountancy, Costing
  • Required Professional Certifications: CA, MBA
  • Preferred Professional Certifications: CA, MBA
  • Preferred years of related experience: 4-7 years

Specific Job Experience or Skills Needed

Should be able to manage supply chain functions for designated manufacturing locations. The responsibilities will involve:
  • Product Costing Setup
  • Maintain Product Costing Accuracy
  • Manage Auto Pay Payments & Accuracy
  • Invoice Coding and approval
  • Stock Adjustment/Usage Review/Approval
  • Manage Negative Inventory & Analysis
  • Test/Start-Up Budget Review

Monthly Reporting
  • Review cost center for accuracy and identify, assist and approve the posting of necessary accruals
  • Provide explanations for assigned manufacturing locations for payment variances
  • Manage manufacturing volumes for YTD, MTD adjustments
  • Manage Payment Variance for assigned manufacturing locations
  • Assist in completion of monthly financial deck, as necessary

Manage Budgets (Spring Plan)
  • Complete Spring Plan location budgets
  • Schedule/lead Contract Manager input meetings
  • Complete SAP vs. BPC tie-outs
  • Assist in completion of Spring Plan reporting

Other Responsibilities:
  • Supporting HMM discovery and ideation
  • Support Continuous Improvement - identify process improvements, engage in creating and putting in place improvements (i.e. utilizing YY or

Focused Improvement) and communicate to broader ESC group
  • Partnership with Supply Chain Center of Excellence and Minneapolis HQ Supply Chain Finance team
  • Should be a one point contact to Manufacturing Partners
  • Provide inputs for ad-hoc requests and high level analysis requested by Minneapolis counterparts
  • Partner with Supply Chain Ops team and broader Supply Chain team (Contract Manager, Logistics, Sourcing, Engineering, OBM, etc.) on designated projects
  • Assist Finance Operations Managers group to adhere to GMI reporting & control policies and procedures
  • Engagement with other Mumbai Finance team (CI and other initiatives)

Competencies/Behaviors required for job-

Offers new ways of doing things and understands associated risks
  • Shifts priorities quickly when necessary
  • Understands and applies knowledge of competitive position of division or function
  • Seeks coaching about the business drivers and how to apply creative ideas
  • Experiments with new approaches
  • Presents complex data in a manner appropriate to audience
  • Aligns priorities with business strategy and vision
  • Analyzes successes and failures to learn and continuously improve

COMPANY OVERVIEW

We exist to make food the world loves. But we do more than that. Our company is a place that prioritizes being a force for good, a place to expand learning, explore new perspectives and reimagine new possibilities, every day. We look for people who want to bring their best - bold thinkers with big hearts who challenge one other and grow together. Because becoming the undisputed leader in food means surrounding ourselves with people who are hungry for what's next.