City: Taguig, Metro Manila Professional area: Accounting & Finance Contract type: Permanent Professional level: Experienced Location: Taguig, Metro ManilaWe're JTI, Japan Tobacco International, and we believe in freedom. We think that the possibilities are limitless when you're free to choose. We've spent the last 20 years innovating and creating new and better products for our consumers to choose from. It's how we've grown to be present in 130 countries, and how we've grown from 40 to 4,000+ employees in the Philippines since 2009. But our business isn't just business, our business is our people. Their talent. Their potential. We believe that when they're free to be themselves, to grow, travel and develop, amazing things can happen for our business. That's why our employees, from around the world, choose to be a part of JTI. It's why 83% of employees feel happy working at JTI, and why we've been recognized as INVESTORS IN PEOPLE in the Philippines. So when you're ready to choose a career you'll love, in a company you'll love, feel free to #JoinTheIdea. Learn more: jti.comWHAT THIS POSITION IS ABOUT - PURPOSETo support the functions, Commercial Finance Opex / Capex Manager, FP&A Director in consolidating / managing the Operating Expenses (Opex) and Capex budget for Corporate planning cycles, partnering with business functions in ensuring understanding financial impact of business decisions, driving improvements to enhance budgetary control, and ensuring delivery of Opex plan through month and year end closing monitoring and reporting.Critical to the success of the incumbent will be to build solid working relationship and work closely with multiple business functions impacting Opex / Capex for the market. Opex is substantially comprised of Salary and Fringe costs representing over 3000 employees, therefore main business partner is People and Culture. The role will work operationally with support from FP&A Specialist (Opex / Capex) for whom which the Commercial Finance Manager (Opex / Capex) is expected to coach, guide and develop, together with the FP&A Director to whom both positions will report.WHAT WILL YOU DO - RESPONSIBILITIESCorporate Planning Submissions:Own corporate planning submission process for Opex and Capex from instruction, liaise with partners, review and consolidation, submission of final budget to market planning Drive realistic plans from business partners through thorough checking and discussions on drivers / assumptions behind the numbers Own the templates required for submission and bring improvements where required / ensure optimal automation Continuous Budget Management:Ensure continuous review of budget throughout the year through analysis of actual v plan variances and discussions with partners Build reports to budget owners that draw the attention to important deviations and collaborate to understand explanations Hold quarterly review meeting with partners to review formally and document Seek improvements on Salary and Fringe planning (main component of Opex) Business Partnering for Decision Making:Ensure Opex / Capex partners prepare BAP Memo under JTI operating guidelines, facilitate with preparation / review of financial information and ensure quality narratives for smooth approval process Guide business partners on the financial impact of making decisions and the respective impact Play a challenger role in prudent budget management and spending including drive of cost consciousness mindset in functions Educate non finance teams on finance topics including but not limited to Goods Receipt, Accounting Impacts of OCC and FCF, Operating guidelines, NPV of projects Month and Year End Closing Monitoring and Reporting:Monitor P&L during month end closing and monitor for expected entries, following up with partners and liaising with Entity Finance as necessary Complete analysis of Opex / Capex actual with comparison to latest plan and obtain / corroborate explanations from business partners Produce reporting summary for Commercial Finance Opex / Capex manager, and present analysis and highlight critical points At year end closing, prepare and guide business partners to ensure a smooth year end closing, early closeout of entries and delivery of planOther ad hoc:Perform other ad hoc analysis as requested by the Commercial Finance Manager Opex / Capex or FP&A Director, and necessitated by business requirements WHO ARE WE LOOKING FOR - REQUIREMENTS:University Degree in Finance, Accounting, Economics or its equivalent Strong financial analytical skills, preferably 3+ years of planning and reporting experience with multi-national FMCG. Excellent written and spoken English Strong MS application skills especially in MS Excel and exposure in SAP S4 and BW / GPM Ability to work with great level of details and summarize for reviewer Possess effective communication style, good presentation skills. Able to manage deadlines under tight time pressure is important. Ability to connect the dots. Good financial analysis and business acumen skills. Has high learning agility and adaptability to evolving business environment.
