What's Happening?
PepsiCo is actively recruiting for a Control and Reporting Manager, Intercompany, to oversee financial reporting for its North America Beverages division. This role is critical for ensuring the accuracy and integrity of intercompany financial processes,
including balance sheet management and period-end close activities. The manager will be responsible for reviewing intercompany partner assignments and journal entries, validating intracompany eliminations, and preparing matching schedules within HFM. Additionally, the position involves identifying and implementing process improvements, partnering with field and business teams to resolve intercompany issues, and reviewing periodic reconciliations. A key aspect of the role is ensuring compliance with SOX controls and collaborating with internal project teams on S4 implementation. The compensation for this position ranges from $110,700 to $185,250, with a performance-based bonus target of 12% of the annual salary. The role requires a Bachelor's degree in accounting or finance, a CPA, and at least five years of progressive experience, preferably with people management.
Why It's Important?
This hiring initiative by PepsiCo underscores the company's commitment to maintaining robust financial controls and accurate reporting within its extensive North America Beverages operations. The role's focus on intercompany transactions is vital for a large, diversified corporation like PepsiCo, as these transactions can significantly impact consolidated financial statements and tax liabilities. Effective management of intercompany reporting helps prevent discrepancies, ensures compliance with regulatory standards such as SOX, and supports transparent financial disclosures. The emphasis on process improvement and S4 implementation indicates PepsiCo's ongoing efforts to modernize its financial systems and streamline operations, which can lead to greater efficiency and cost savings. The competitive compensation package highlights the strategic importance of this position in safeguarding the company's financial health and operational integrity, ultimately benefiting shareholders and maintaining investor confidence.
What's Next?
The successful candidate for the Control and Reporting Manager position will be instrumental in PepsiCo's ongoing '1NA (1 North America)' journey, which aims to harmonize processes across its North American operations. This role will involve continuous collaboration with various internal stakeholders, including field teams and senior finance leadership, to ensure seamless intercompany operations and reporting. The manager will also play a key part in the continued success of S4 implementation as site deployments occur, indicating a long-term commitment to system integration and optimization. Future responsibilities will include leading quarterly balance sheet reviews for PBUS intercompany accounts and ensuring that key SOX controls are properly designed, documented, and performed in alignment with PepsiCo policies. The position offers opportunities for individual development and longevity within the Control function due to its cross-functional nature and strategic importance.
Beyond the Headlines
Beyond the immediate financial implications, the recruitment for this specialized role reflects broader trends in corporate governance and financial technology adoption within large enterprises. The requirement for a CPA and experience with SOX controls highlights the increasing regulatory scrutiny and the need for rigorous internal controls to prevent fraud and ensure financial transparency. The mention of SAP S4 ledger/AFO and HFM experience points to the ongoing digital transformation in finance departments, where advanced ERP systems and consolidation tools are becoming standard. This shift towards integrated systems aims to enhance data accuracy, automate processes, and provide real-time financial insights, which are crucial for strategic decision-making in a dynamic market. The role also emphasizes the importance of strong analytical, problem-solving, and communication skills, indicating that modern finance professionals need to be not just technical experts but also effective communicators and strategic partners within the organization.
