Assistant Manager - Finance & Accounting

About Us

Varun Beverages Limited (VBL or Company) is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA). The Company produces and distributes a wide range of carbonated soft drinks (CSDs), as well as a large selection of non-carbonated beverages (NCBs), including packaged drinking water sold under trademarks owned by PepsiCo. PepsiCo CSD brands produced and sold by VBL include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Mountain Dew Ice, Seven-Up Nimbooz Masala Soda, Evervess, Sting, Gatorade and Slice Fizzy Drinks. PepsiCo NCB brands produced and sold by the Company include Tropicana Slice, Tropicana Juices (100%, Delight, Essentials), Nimbooz, as well as packaged drinking water under the brand Aquafina.

VBL is part of the RJ Corp group, a diversified business conglomerate with interests in beverages, quick-service restaurants, dairy and healthcare. VBL’s Promoter and Chairman Mr. Ravi Kant Jaipuria has an established reputation as an entrepreneur and business leader and is the only Indian to receive PepsiCo’s International Bottler of the Year award, which was awarded in 1997. He was also awarded the ‘Distinguished Entrepreneurship Award’ at the PHD Annual Awards for Excellence 2018.

Purpose of the Job

To provide advanced financial support to our business units to function efficiently and
effectively, providing the financial understanding on which key decisions are made. By
providing accurate analysis and revealing insights, we add value to core commercial
processes and provide the support to our teams to continue innovating and driving results.

Details of the Job

Key Accountabilities(1)

 Financial Planning and Budgeting:
o Develop and design effective budget models for departments and the entire
company.
o Prepare and manage budgets, ensuring alignment with organizational goals.
o Contribute to the financial planning and forecasting process of the unit.
 Financial Reporting:
o Submit accurate Quarterly, Half-yearly, and Annual Financials, Annual Budget, and
other required reports.
o Present annual budgets to senior managers for review and approval.
o Monitor and report on the financial performance of the unit, including Balance
Sheet, COGS/COGM report, Yield Report, and D&A report.

 Audit Compliance:
o Ensure timely completion of audits as per the schedule.
o Collaborate with auditors and facilitate the audit process, providing necessary
documentation.
 Financial Analysis:
o Provide timely and accurate analysis of budgets and financial reports to senior
management.
o Report on internal financial controls for enhanced fraud risk management.
 Expense Reporting:
o Implement a proper reporting system over Power & Fuel, Repair & Maintenance
Expenses, and C&C Expenses.

Key Accountabilities(2)

Key Interface

Education & Experience

Qualification: CA (1 st or 2 nd attempt)
Experience:
 2-6 years of overall experience in the accounting function (preferably in FMCG set up)
 With atleast 1 year in MIS preparation with manufacturing unit
 Budgeting, Budgetary control, Budget preparation, Management action and cost control,
Master budget, Price and quantity variance, Responsibility centres, Zero-based budgeting.
 Experience on SAP is must.
 Knowledge on GAAP
 Fundamental or general understanding of concepts

Competencies

Skills Required(1)

 Analytics and business reporting
 Financial acumen, towards understanding business performance and budgets
 Advanced proficiency in Microsoft Excel.

Skills Required(2)