Control and Reporting - Senior costing Analyst CFI

PepsiCo · New Cairo

Overview

We Are PepsiCo

PepsiCo is a leading name in North Africa’s food and beverage industry, where our products are enjoyed by consumers daily across the region. We offer a robust portfolio of beloved brands like PEPSI, SEVEN-UP, DORITOS, CHEETOS and CHIPSY, designed to cater to the tastes and preferences of consumers. With a focus on local sourcing, production, and distribution, PepsiCo provides essential support to local economies and partners closely with communities throughout the region.

Guiding Vision and Regional Impact

PepsiCo’s vision aligns with our global goal to be the Leader in Beverages and Convenient Foods by Winning with PepsiCo Positive (pep+). This strategic transformation is committed to sustainable growth by putting people and the planet at the heart of our operations. In North Africa, this includes initiatives in responsible sourcing, waste reduction, and water conservation. Our regional programs empower local talent, boost employment, and provide support for local agriculture, particularly through partnerships with farmers and suppliers.

Empowering Our People and Communities

Our dynamic teams drive the PepsiCo culture in North Africa, embracing diversity and collaboration to solve local challenges and create innovative products. We are dedicated to fostering an inclusive workplace, one where every individual feels valued and empowered to be themselves. This commitment extends beyond our employees to positively impact the communities we serve, striving for shared growth and a healthier, more sustainable future for all.

Diversity and Inclusion Commitment

PepsiCo stands firmly behind our global commitment to diversity, equality, and human rights. We are proud to be an equal opportunity employer, ensuring a fair and welcoming workplace for all, regardless of age, gender, religion, disability, or any other characteristic. Our dedication to inclusion strengthens our workforce and helps drive our business forward, enriching both PepsiCo and the communities in North Africa.

Responsibilities

The Costing Analyst is responsible for ensuring the completeness of the IBM team's financial transactions and adhering to reporting guidelines. Prepare detailed monthly analysis and closely interact with operations, sales, and region teams to identify business opportunities & better utilize SAP system.

Accountabilities

Financial Reporting:

Manage costing process for Snacks businesses during month-end and its related month-end transactions
Ensure accuracy of Direct material and MOH reporting in accordance with PepsiCo Inventory policies and US GAAP
Lead IBM team to deliver all costing deliverables and meet reporting requirements as per agreed DTP (Desktop Procedures)

Prepare monthly Costing reports, which include:

Analysis of material revaluation account
Analyze PPV actual results with COC by material
Review MOH bookings among manufacturing cost centers
Review MOH allocation among factories, brands & categories via reviewing allocation cycles
Compare MOH with production volume & follow up on significant deviations
Analyze direct labor cost per plant & compare it with production volume
Standard cost updates vs. the previous month and verifies the differences.

Manage monthly review of Materials Usage Variance by material, Plant, & Category which includes:

Monthly MUV report comparing actual consumption by material, category, & Plant to both operation and R&D teams
Monthly meeting with operations and R&D team to discuss variances & variances percentages to identify current inefficiencies and agree on corrective actions.
Communication of agreed action plan to management in addition to follow-up on its implementation across all plants
Cause of change for business drivers month over month and year over year
Provide business recommendations on a monthly basis for finished goods based on actual activity rate analysis (MOH & labor analysis) and support in Snacks balance sheet analysis
Manage SAP actualization process, including SAP/non-SAP checkpoints and accounts reconciliations.
Prepare analysis which include cause of change by commodity and by Price-Points for the snacks category.

Performance Management Reviews

Ensures correctness of the following on SAP;
Material master data
BOM changes/creation whether for standard or production version
Current BOM’s on SAP are up to standard and up to date
Review SAP standard cost release (raw material, packaging material and finished goods)
Work closely with business partners to support productivity initiatives

Audit & Compliance

Support both external and internal audits for costing related matters
Ensure business compliance with Statutory, Legal and Taxation requirements, PepsiCo corporate and local business policies & procedures, and ethical business practices
Partner with BPO (Business process Owner) and CO (Control Owner) in GCS and Fraud risk assessment, monitoring self testing and remediation of failures. Update GCS for Agro & MIM process
Test costing GCS related controls
Ensure timely closure of;
Internal audit remediation and track progress
BAIC issues

Planning and Forecasting

Prepare required analysis for Supply chain and planning finance to develop and track financial metrics and validate assumption for productivity projects to ensure tangible savings are delivered to P&L
Special Projects
work together with Ops team to do UAT testing for new system enhancements in plants.
Prepare required documentation and business case analysis with BIS to implement system enhancements of COGS and inventory management areas

Qualifications

+5 years’ experience in costing with 1 to 3 years of supervisory experience
Leadership experience and capability. Solid understanding of business levers.
Go-To-Person on Performance Metrics, Productivity Process, and Best Practices around Metrics.
Change management experience coupled with sound analytical abilities
Ability to work cross-functionally, cross-geographically, and across multiple cultures.
Strong internal and external communicator, influencer, and negotiator.
Ability to set and prioritize short-, mid-, and long-term objectives.
Bachelor of Accounting/Finance subject. Postgraduate qualification is preferable.
Partnering & influencing Senior stakeholders (Plants managers).
Operations cross-functional interaction and alignment.
Costing & Plant accounting experience.