Factory Finance Associate at JTI

Position Purpose:
The candidate will be responsible to support in performing the following assignments:

• Take charge of continuously monitoring ITC payment to JTI SA (With full reconciliations)
• Timely and accurate reporting to GSC Finace HQ
• Ensure transparency over JTI Product costing manufactured by ITC,
• Ensure adherance to GSC Policies & Procedures and internal controls in general,
• Participate in safeguarding JTI investments (M&E, FG, SP and Materials inventories)
• Provide assistance and support to Factory Finance Manager

Main Areas of Responsibility:

• Perfome weekly / monthly follow up with ITC payment to JTI SA
• Perfome weekly / monthly JTI SA AR reconciliations vs HL payment to ITC
• Reconciliation of JTI SA Acc Receivable from ITC versus Materials at ITC
• Follow up with all ITC Forex sourcing transaction and Telex copies
• Report on ITC Credit Line & AR evolution including status of Overdue
• Month End Closing / Actuals reporting:
• Support in performing monthly Actual Product Cost calculation for the JTI
• Portfollio (4 brands, 4 SKUs) and Explain variances to Standard.
• Prepare monthly reports for GSC Finance HQ
• Prepare Conversion Cost make-up & variance trend analysis
• Follow up GME postings made from Entity Finance to Factory Cost
• Product Cost Planning / VMCUnder the supervision of Factory Finance Mgr., prepare Standard Product Cost (VMC) during, and eventually in between (Launches), Planning cycles
• (A&SP, May & September LE, TDT), in an accurate and timely manner.
• CAPEX
• Control the CAPEX operations from a Finance perspective, i.e. commissionning, Asset numbering, Depreciation, GlobCon Load etc.
• Provide guidance and support on Capital Expenditure projects to facilitate the decision making process.
• Ensure close follow-up on project development and where applicable, post-implementation assessement.
• GSC Pol & Procedures / Internal Controls
• Support and assist Factory Finance Manager in maintaining adequate internal controls in order to safeguard full compliance with JTI Product Cost Policies & Procedures.
• Closely monitor Spare Parts Management Inventory & Reporting
• Attend Finish Goods and Materials inventory counts, reconcile with inventory records and follow-up on discrepancies.
• GSC & Market Management Support
• Provide Costing expertise and assistance to Factory Finance Manager
• Participate in the review of Costing assumptions used by ITC for its Selling Price to JTI
• Review & validate ITC cross charges to JTI
• Other / Ad-hoc- As may be required, provide assistance during the M&E importation process (gathering of documentation, etc).
• Handle special projects on Management request.
• Mornitoring of Consignment Inventory (Locally purchase NTMs), Re-Order Level, Issues of Purchase Requisition and Tracking of delivery

Qualifications:

• University degree, preferably in Finance or business administration
• At least 3 year experience in finance, strong knowledge of Factory processes (preferably tobacco industry), strong analytical skills and experience in Financial Reporting & Planning. International environment.
• Excellent knowledge of English language, written and spoken.
• Computer Literate (MS Excel & MS Project) & SAP knowledge.

FUNCTIONAL SKILLS:

• Familiar with internal controls and other Factory Finance procedures
• Knowledge of Accounting Software (SAP would be an asset).
• Self starter able to work independently
• Time management skills and ability to work under strict deadlines
• Good communication and analytical skills
• High degree of probity and integrity
• Self-motivation, enthusiasm and desire to develop