Senior Executive-FCCR

Job Title: Senior Executive-FCCR
Location: Bengaluru

ABOUT UNILEVER:
Be part of the world’s most successful, purpose-led business. Work with brands that are well-loved around the world, that improve the lives of our consumers and the communities around us. We promote innovation, big and small, to make our business win and grow; and we believe in business as a force for good. Unleash your curiosity, challenge ideas and disrupt processes; use your energy to make this happen. Our brilliant business leaders and colleagues provide mentorship and inspiration, so you can be at your best. Every day, nine out of ten Indian households use our products to feel good, look good and get more out of life – giving us a unique opportunity to build a brighter future.
Every individual here can bring their purpose to life through their work. Join us and you’ll be surrounded by inspiring leaders and supportive peers. Among them, you’ll channel your purpose, bring fresh ideas to the table, and simply be you. As you work to make a real impact on the business and the world, we’ll work to help you become a better you.

ABOUT UNIOPS:    
Unilever Operations (UniOps) is the global technology and operations engine of Unilever offering business services, technology, and enterprise solutions. UniOps serves over 190 locations and through a network of specialized service lines and partners delivers insights and innovations, user experiences and end-to-end seamless delivery making Unilever Purpose Led and Future Fit.

ABOUT FCCR:
Unilever as a group is a global organisation and aims to leverage its size for earning economies of scale and for that purpose incurs centralised costs.  These costs are incurred for the benefit of the business internationally. This includes costs that the group incurs centrally for brand development and research. The Group also provides support and guidance centrally for driving functional excellence in the business delivery functions of marketing, customer development and supply chain and in functional support functions of finance, information technology, human resources and workplace services. The benefits arising from these activities are enjoyed by each of the operating companies throughout the Group. Hence these costs are pooled centrally into the parent and holding entities (“P&H”)). As the economic benefits relating to the costs are derived by the operating companies, the P&H entities needs to recover a fair share of these costs from each of the operating companies. For this purpose, the Group has Financial Central Cost Recovery (‘FCCR’) processes in place, which covers tracking of the costs incurred on all global initiatives and allocates them to the various operating companies.

JOB SUMMARY:

The role will play a pivotal role to maximise cost recovery and therefore protecting Unilever’s profitability. The documentation of services provided is key to be presented to tax audits.

 The role offers a unique opportunity to develop key Finance skills as it blends Financial Reporting, Management Reporting and Tax and develop key leadership skills by engaging in a multi stakeholder environment (Tax, Legal, FCCR, Business Units and UniOps Finance). 

Key activities summary:

• Support in end-to-end management of Financial Central Cost Recovery (FCCR) process across Unilever

• Subject matter expertise in accounting operations (both financial and management) 

• Establishing good network with Stakeholders in Group Controllers Department, country finance teams, tax team and master data team

• Excellent service delivery

Key Skills & Requirement:

• Strong financial operating model expertise to ensure effective management of all input to financial systems and the control, verification, and processing of all financial transactions. Financial reports meet the needs of the customers providing information in a user friendly and appropriate manner for the purposes required.

• Basic understanding of Hedging 

• Implement and ensure standardization and best practice from other jurisdictions to maximize efficiency and load balance.

• Identifies key issues and delivers efficient responses through implementation of the right procedures.

• Hold people accountable, have high level of responsibility, strong leadership skill, have a bias for action and growth mind set.

• Acts as internal consultant to satisfy stakeholder expectations.

• Continuous Improvement skills through Consistently work to identify opportunities and implement continuous improvement to achieve harmonization and standardization.

Key interactions: The role will interface with the following stakeholders:

• Expertise Areas: Tax, Legal, Treasury and FCCR Teams (key stakeholders)

• Unilever Markets representatives (NFD’s, Controllers, General Counsels)

• UniOps Finance

• UniOps Service Lines and Programme Leads (when required)

Key Responsibilities

• Accurate allocation and accounting of FCCR costs/income

• Play a key role in new projects.

• Reporting requirements of tax team/other stakeholders

• Provide suggestions for continuous improvement.

• Improve service levels, quality, KPIs. 

• Extensive knowledge of reporting, master-data and cost accounting.

Qualification/Experience

• Degree in Chartered Accountancy (preferred) or equivalent degree

• 0-2 years’ experience in core accounting (General Ledger/Record to Report)

• Understanding on risk, controls, and tax

• Strong Accounting Knowledge.

• Working knowledge on MS Office 365

At HUL, we believe that every individual irrespective of their race, colour, religion, gender, sexual orientation, gender identity or expression, age, nationality, caste, disability or marital status can bring their purpose to life. So apply to us, to unleash your curiosity, challenge ideas and disrupt processes; use your energy to make the world a better place. As you work to make a real impact on the business and the world, we’ll work to help you become a better you!