Ice Cream Financial Central Cost Recovery Manager

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Title: Ice Cream Financial Central Cost Recovery Manager

Scope: GBS

Reports to: Head of Transfer Pricing & Tax Strategy

Location: Pune

Terms & Conditions: Full-time local

As part of The Magnum Ice Cream Company, you will work for the global, leading Ice Cream player with €8bn turnover in 2024. The Magnum Ice Cream business is operating in a highly attractive category, as we are part of the €1 trillion snacking and refreshment industry, growing consistently at high pace. We have strong brands equities: 5 of the top 10 selling brands including Wall’s, Magnum, Ben &Jerry’s.  We are investing to unlock the full growth potential of Magnum Ice Cream as a standalone entity, once we separate from Unilever, which is planned to happen by November 2025.    

We are committed to developing and nurturing talent within our company. You will have ample options for career growth and exploration, allowing you to explore roles and opportunities across the new organisation. Your career development will be a priority for us, and we are dedicated to supporting your growth journey within the new company.   

We hope that you will want to build the new chapter of our Ice Cream history together with us.

Unilever Ice Cream is the largest global Ice Cream Company in the world, with over 100 years of experience delivering a diverse range of indulgent, yet responsible, craft food experiences and treats delighting consumers. Committed to innovation, quality, and sustainability we have 35 brands, including 3 €1 billion brands (Magnum, Wall’s, Ben & Jerry’s), a strong presence in over 60 countries, generating annual revenue of €8 billion. All brands are driven to transform moments into memories through indulgent yet responsibly made and marketed products. We have a well-developed strategy to deliver growth and value creation which is clear on where to play and how to win.  

We turn the ordinary into the extraordinary by designing unique and innovative Ice Cream experiences that make life taste better, creating joyful experiences. In our Ice Cream business, we’re crafting the future through innovation and imaginative minds, creating unique products. We spark moments of happiness for people and within the communities where we operate. However, it is not as simple as it may seem. As Ice Cream makers we are serious about happiness. With warm hearts, we create the coolest products.   

Ice Cream Finance: Leading for a winning, trusted and investible global ice cream market leader

This is your chance for a ‘once in a lifetime’ career experience, playing a part in the creation of a fully independent, new Ice Cream organisation.in what will be the Ultimate Pleasure Food company.   

We are seizing this unique opportunity to reset the role of Ice Cream Finance. Together we will become the best and most admired finance team in the world, and we’ll do this by focusing on value creation, trailblazing future-fit financial processes and technology, and by becoming a training ground for financial craftmanship that will be the envy of everyone.    

Just imagine the benefits of working within a single category, where everyone and everything is laser-focused on the same goal, where there's opportunity to develop deep and wide understanding of the business economics and international ecosystem of a single category, and to translate that into value creation.   

The role of Ice Cream Finance in this momentous moment is staggering, exciting, and yes...a little daunting, which is why we are looking for empowered and accountable decision makers who are keen to take on end-to-end responsibility; if you are a self-starter who identifies opportunities, takes initiative, and innovates to create value, who is proactive, resourceful and comfortable with challenge and uncertainty, you will thrive with us. In return, you will be rewarded with a rich finance role, no matter where you are in your career, and within an environment that’s both fulfilling and fun...after all, life tastes better with Ice Cream!

JOB PURPOSE:

We’re looking for a highly motivated FCCR Manager who can lead a team to deliver high quality inputs into our tax reporting and compliance processes, across multiple entities and jurisdictions.   

Why This Role Matters:

Magnum Ice Cream is a global organisation and aims to leverage its size to achieve economies of scale.  For that purpose it incurs centralised costs, which 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 marketing, customer development and supply chain and in functional support functions of finance, information technology, human resources and workplace services. As the economic benefits relating to the costs are enjoyed by the operating companies, the central entities need 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. 

You will lead a team of 6 FCCR Analysts (all based in India) and will be responsible for managing the FCCR process.

KEY RESPONSIBILITIES:

Reporting: Review and manage the monthly / quarterly / annual - internal and external reporting on FCCR activities 

Financial Statements: Analyse financial statements and prepare forecast models to assess cash flows and financial health of the IP and Central Services entities

Accounting Expertise: Be the Centre of Excellence to ensure accurate accounting and smooth sign off from senior stakeholders including Business Unit and Global teams for IFRS reporting on FCCR related activities. 

Ensuring Accuracy: Review and ensure the correctness of each of the process computations (P&L and Balance Sheet impact)

Process Expertise: Lead execution of strategic initiatives and provide reports to leadership for efficient and effective management of the process. 

Manage Forex through hedging / timely settlements: Working with the Global Treasury team, take necessary actions to ensure minimal impact due to currency fluctuations. 

Inter-Company Reconciliation: Ensure all the balances maintained with fellow subsidiaries are reconciled on timely basis. 

Managing Tax queries: Working with the Global Tax team, provide relevant information to tax authorities / countries on audits and ongoing compliance queries. 

WHAT YOU NEED TO SUCCEED:

Experiences & Qualifications

• Qualified Chartered Accountant or Equivalent Degree (CMA, MBA, Finance) 

• Minimum post qualification experience of 6 years in large multinational organisation finance operations 

• Strong on MS Excel and MS Power point 
• Working knowledge of SAP

• Good understanding of hedging  

• Subject matter expertise on accounting and FCCR processes. 

Preferred experience:

• Working knowledge of intangibles, royalties and cost pooling structures 

• Working knowledge of nuances of intercompany operations in multi-currency environment 

Skills

• 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. Ability to produce financial reports which meet the needs of the business 

• Acts as internal consultant to satisfy stakeholder expectations. 

• Consistently work to identify opportunities and implement continuous improvement to achieve harmonization and standardization. 

• Ability to work collaboratively across an organisation and externally to resolve issues; strong stakeholder management skills 
• Naturally curious with a strong continuous improvement mindset and able to be agile/adaptable in changing circumstances.    
• Strong organisational skills and capable of handling a variety of tasks and prioritising accordingly to meet deadlines   

•  Great attention to detail, project management, and problem-solving attitude.  
• Ability to drive and motivate the team to perform at high levels of performance

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

ARE YOU EXCITED TO CRAFT THE ICE CREAM FUTURE?

Unilever embraces diversity and encourages applicants from all walks of life. This means giving full and fair consideration to all applicants and continuing development of all employees regardless of age, disability, gender reassignment, race, religion or belief, sex, sexual orientation, marriage and civil partnership, and pregnancy and maternity.   

Interested candidates are invited to submit their resume and cover letter detailing their relevant experience and qualifications to Unilever's career portal.