Accountant, Intercompany Accounting

Posted on Feb 19, 2021 by H J Heinz Co Ltd

Chicago, IL
Immediate Start
Annual Salary

About Us The Kraft Heinz Company is one of the largest food and beverage companies in the world, with eight $1 billion+ brands and global sales of approximately $25 billion. Were a globally trusted producer of high-quality, great-tasting, and nutritious foods for over 150 years. While Kraft Heinz is co-headquartered in Chicago and Pittsburgh, our brands are truly global, with products produced and marketed in over 40 countries. These beloved products include condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, infant and nutrition products, and numerous other grocery products in a portfolio of more than 200 legacy and emerging brands. We spark joy around mealtime with our iconic brands, including Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Primal Kitchen, and Classico, among others. No matter the brand, were united under one vision:To sustainably grow by delighting more consumers globally. Bringing this vision to life is our team of 39,000+ food lovers, creative thinkers, and high performers worldwide. Together, we help provide meals to those in need through our global partnership with Rise Against Hunger. We also stand committed to responsible, sustainable practices that extend to every facet of our business, our consumers, and our communities. Every day, were transforming the food industry with bold thinking and unprecedented results. If you share our passion and are ready to create the future, build a legacy, and lead as a global citizen theres only one thing to do: join our table and lets make life delicious! Our Culture of Ownership, Meritocracy & Collaboration We're not afraid to think differently. Embrace new ideas. Dream big. We empower our people at every level from entry-level intern to senior leader to own their work. We share a responsibility to think like Owners to be mindful of the collective and sustained success of Kraft Heinz which we apply to every situation, every day. As part of Kraft Heinz, you're supported to grow and achieve. Youre expected to bring your authentic self to work every day, to lead with humility, and drive outstanding performance at every level and youll be rewarded. Youre given opportunities to leave a mark and build a legacy. But you wont do it alone. Youre supported by passionate teammates along the way, and our collective, collaborative spirit fuels our incredible progress. Job Description Position Overview: This role reports to the Manager, Core Accounting, and is responsible for ensuring the proper reporting and consolidation of US and Canada intercompany activity/balances. This position alone is responsible for the accounting of $500M of intercompany sales. Responsibilities include performing various monthly close procedures, investigating and resolving intercompany imbalances, and reviewing manual intercompany transactions for non-product related services, intercompany loans, and cash movement. This role calls for strong business partnership with Global Business Services (GBS), logistics/supply chain finance, and various other global accounting/tax/finance partners. Key opportunities for enhancement include intercompany netting automation and Exports accounting best practice implementation. Looking for someone to challenge the status quo and identify efficiencies!! Specific Responsibilities: This role is primarily responsible for accounting for the following key areas: - Support month end closing processes for North American Intercompany & Exports - Serve as contact for US Exports balances and swift reconciliation - Monitor IC Hub recurring activities for timeliness and accuracy - Troubleshoot when outages/unexplained variances arise - Review routine intercompany transactions submitted by various accounting teams for royalties, management fees, commodity hedging, etc. - Record monthly activity for IC loans (i.e. accrued interest, FX revaluations, etc.) - Work closely with Tax, Transfer Pricing, and Treasury teams - Execute cash repatriation transactions - Post local entries for occasional global tax restructuring projects - Analyze/resolve intercompany imbalances in a timely manner - Partner with the offshore GBS Intercompany Hub (IC Hub) to identify and investigate imbalances - Provide instructions to IC Hub to settle/pay amounts due and/or write-off differences - Serve as primary contact of Blackline and SAP Intercompany Journal Entry modules - Support colleagues with ad hoc Intercompany/Exports accounting information, questions, and analysis - Serve as overseer of GBS balance sheet reconciliations in Blackline for accuracy - Ensure adherence to intercompany accounting principles, SOX and GAAP. - Conduct peer reviews for completeness and accuracy - Ad hoc projects as requested Qualifications: - Bachelor's degree in Accounting; CPA is a plus - 1-3 years of corporate and/or public accounting experience with global company/client - Strong SAP foundation - Strong knowledge of US GAAP and SEC rules and regulations - Ability to effectively lead, manage, and prioritize multiple projects, while effectively operating in a fast-paced, complex, global organization - Excellent interpersonal, written and verbal communication, and conflict management skills - Outstanding analytical, teamwork, customer service, and leadership skills Location(s)Chicago/Aon Center Equal Opportunity Employerminorities/females/veterans/individuals with disabilities/sexual orientation/gender identity

Reference: 34025280

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