BU VIC Price PPM at International Breweries

International Breweries Plc was incorporated in December 1971 by its founder and first Chairman, Dr. Lawrence Omole under the name International Breweries Limited. The Company commenced production of its flagship product Trophy Lager in December 1978 with an installed capacity of 200,000 hectoliters per annum.

Following the increasing demand for its products, in December 1982 the Company embarked on an expansion programme to increase its capacity to 500,000 hectoliters annually. The company was listed on the floor of the Nigerian Stock Exchange in April 1995.Key Roles and Responsibilities:

The key accountabilities for this role include but are not restricted to:

Price Variance reporting for the BU
Price variance problem solving
Price variance savings initiatives support
Procurement VIC accruals processing and reversals management
Monitor & track one offs
Supplier recon facilitation. Confirming FX & commodity rates as well as reasonability for hidden FX & commodity exposure
Weekly & Monthly review of PV reasonability and own directive on corrective actions
Monthly price variance interrogation and commentary with CPM/CatMan
Price reconciliation for COGNOS builds up for VIC price
Finished good FX & excise population into CTRM
Finished goods end to end management
WAPT & Payables alignment support
MAP report population
Preclosing routines to ensure month end in line with expectation

CTRM: volume accuracy and Validation

Manage forecast accuracy of consumption volume with planning.
Maintaining & sense check correct conversion factors between material & commodity
Manage accuracy of monthly actual quantities consumed into LE tool
Manage accuracy of monthly actual commodity volume into CTRM
Manage accuracy of forecast quantities consumed into LE tool
Manage accuracy of forecast commodity volume into CTRM

FX exposure population & management for the BU

Responsible for accuracy of FX exposure in FX currency and timing
Responsible for FX review with treasury

Mark up: BU markup validation and accuracy

Liaising with control & MUBEX on differences and matching
Support in reconciliation on Mark up between what has been generated by ERP and what has been posted by Mubex

Annual

Bottom-up budget load into ERP
Bottom-up Budget support on accuracy interrogation and adherence to 1YP
LE volumes, historic prices. UoM alignment in BU tool
Bottom-up timeline management
Bottom-up/top-down reconciliation for plug analysis and allocation and 1YP target accuracy
Comm/NC split correct by plant by material

Key Attributes and Competencies:

Knowledge of Financial Reporting
Knowledge of general accounting and consolidation practices
Project management, problem assessment and solving skills
Working in an ERP environment
Working in a process-oriented organization
Computer skills (MS Office: Excel, PowerPoint, etc.)
Good knowledge of consolidation & reporting tools (Cognos, TM1, BI)
Knowledge of ERP Systems SAP R/3 Module FI/CO, SAP BW

Minimum Requirements:

Relevant 3-year university degree in i.e., accounting, business, economics, engineering or similar
MBA / CIMA / CA (SA) would be advantageous
3+ years of experience in finance in a manufacturing environment
Experience Product Costing