Job Description

Job Location: Pune

Pune

Company description

Ferrero is a family-owned company with a truly progressive and global outlook and iconic brands such as Nutella, Tic Tac, Ferrero Rocher, Raffaello, Kinder Bueno and Kinder Surprise. As the love for our brands continues to grow, so too does our global reach. Represented in more than 50 countries, with products sold in more than 170, the Ferrero Group is loved by generations around the world. The secret to our global success? 38,767 dedicated employees who celebrate care and quality to craft a business, careers and brands we are proud of. Join us, and you could be one of them.

Diversity Statement

Ferrero is committed to building a diverse and inclusive culture in which all employees feel welcomed and appreciated and have the same opportunities. We believe all of our people are equally talented in their own way. In nurturing the curiosity and natural abilities of our employees, we provide them, generation after generation, the means to succeed personally and professionally, enabling them to craft their journey at Ferrero. The diversity of our talents is what makes our work environment multicultural, innovative and highly rewarding.

About the Role:

Is responsible, at Region level, for all tasks and activities related to Commercial, Plant, Overheads and Supply Chain Planning & Controlling, Capex, Balance Sheet and Cash Flow Planning & Controlling (except Italy). Ensuring the proper internal operating planning process (Budget, Forecast) respecting Group / Company timings. Ensure the management and reliability of all Region financial data. Interact with all Departments in order to ensure the provision of monthly closings and explain deviations from the Budget/Forecasts. Active role in providing the Region CFO, Region Management Board and all relevant stakeholders with insights, analysis and recommendations of commercial & industrial financial levers and comment Value Chain results as well as provide corrective action plans if needed. Interacts with the Area Commercial / Operations Controlling to explain deviations and Budgetary assumptions. Ensure compliance with the procedures for loading into the Information Systems of the financial data (actual and Budget/Forecasts).

Main Responsibilities:

PLANNING & FORECAST

• Full Responsibility in understanding assumptions and results of Budget and Forecasts at Region level in order to ensure the holistic achievement of Region targets vs Guidelines for all Controlling Departments
• Liaise with and coordinate Region Departments in order to elaborate the Region Budget and Forecast
• Ensures the timing required for compliance with the Planning/Budget/SAF process
• Full Responsibility of the monthly Region Risks & Opportunities for year end forecast in order to prepare synthesis and approval from Region Manager, Plant Manager, SC Manager and CFO
• Support Region CFO providing relevant information relating to the strategy and medium-term objectives
• Collect and validate all financial data from different local Departments (e.g. Overheads, Marketing, Sales, Supply Chain or Operations)
• Ensure the Departments reporting of actual versus Budget / Forecast data
• Perform daily planning and controlling activities to ensure alignment at Area Level
• Full Responsibility in analyzing the Region financial results and in identifying improvement areas for commercial, industrial, Overheads and supply chain costs, Balance Sheet and Cash Flow Controlling (except Italy)
• Perform analysis and financial evaluation of the pricing strategy and Gross to Net evolution

CONTROLLING & REPORTING

• Responsible for monthly and year-end closings activities, performing variance analysis e.g. pricing, production costs, product margins, SC costs, Overheads, A&P, Capex, Stock, Cash Flow, Balance Sheet as well as development of recommendations for corrective actions and sharing with Region Management
• Prepare analysis for the control of investments and advertising promotions
• Monitor destruction costs for Packaging, Finish Product and Raw Materials of the Region
• Support all Departments of the Market during monthly closing activities, in terms of analysis by providing specific information
• Authorize Marketing and Trade spending in coherence with local Budget/Guidelines
• Support the Trade Terms Contracts process (Gross to Net impact and total PL impact)
• Control performances at customer / channel level, overheads, and Customer P&L
• Co-share monthly possible improvement recommendations with Area Commercial & Industrial Controlling
• Assure the implementation of Group Operating standards and Policies in the area of Controlling

CASH FLOW & BALANCE SHEET CONTROLLING

• Monitor evolution of DSO, DIO and DPO and constantly recommend actions of improvement
• Support Category Controllers in financial analysis of investments
• Consolidate and understanding stock evaluation analysis at Region level

People Management

• Is accountable for managing people assigned, ensuring a management system based on Group values, motivation, diversity & inclusion, competence development and empowerment
• Promote the proper communication and cascading through the line managers to the teams
• Recruits, manages, motivates, coaches and develops own team
• Guarantees Human Resources professional development, evaluating people and proposing development initiatives

Who we are looking for:

• CA / MBA with over 15 years of relevant work experience

How to be successful in the role and at Ferrero:

Consumers, quality and care are at the heart of everything we do. So, to be successful at Ferrero, you'll need to be just as consumer and product centric as we are - dedicated to crafting brilliant results for consumers around the world.

Strong analytical mind, attention to details on one hand and great organisational skills on the other, are the key to success. Employee contribution and engagement at Ferrero is based on the individual, team and organisation dimension, so you should have the ability to work independently, as a team member and build good relations with stakeholders on all levels. Being flexible and dealing with a dynamic working environment and embedding new knowledge and skills in existing competencies will definitely help you to become a high performer here.