Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods company with a heritage of over 80 years in India. On any given day, nine out of ten Indian households use our products to feel good, look good and get more out of life – giving us a unique opportunity to build a brighter future.
HUL works to create a better future every day and helps people feel good, look good and get more out of life with brands and services that are good for them and good for others.
With over 35 brands spanning 20 distinct categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water purifiers, the Company is a part of the everyday life of millions of consumers across India. Its portfolio includes leading household brands such as Lux, Lifebuoy, Surf Excel, Rin, Wheel, Glow & Lovely, Pond’s, Vaseline, Lakmé, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall’s and Pureit.
The Company has about 21,000 employees and has sales of INR 38,273 crores (the financial year 2019-20). HUL is a subsidiary of Unilever, one of the world’s leading suppliers of Food, Home Care, Personal Care and Refreshment products with sales in over 190 countries and an annual sales turnover of €52 billion in 2019. Unilever has over 67% shareholding in HUL.
VACANCY DETAILS :-
POST NAME - Assistant Finance Manager
QUALIFICATION - B.Com
PREFFERED QUALIFICATION - CA\CMA
EXPERIENCE - 4 To 6 Years
LOCATION - Bangalore
JOB DESCRIPTION :-
UniOps Global Costs are incurred in various entities across the globe captured in the different cost centres and grouped under International Cost Centres (ICC). These costs are recovered from these entities who benefit from the services delivered through Financial Central Costs Recovery (FCCR). This role will support to maximize the tax deductions and therefore Unilever’s absolute profit and EPS. With Project Go-Bots, UniOps Finance embarked in a significant transformation to charge UniOps Cost to all business units, allocating costs with more specific allocation keys to provide more visibility of services provided to all entities served.
JOB SUMMARY
The role will play a pivotal role to maximise cost recovery and therefore protecting Unilever’s profitability. The documentation of services provided is key to be presented to tax audits.
The role offers a unique opportunity to develop key Finance skills as it blends Financial Reporting, Management Reporting and Tax and develop key leadership skills by engaging in a multi stakeholder environment (Tax, Legal, FCCR, Business Units and UniOps Finance).
The role holder has the following key accountabilities :
- Identify and propose areas of improvement, including the re-design existing processes to drive simplification, examples: reduction in number of ICC's, simplification of existing number of services reported to business units, determining new allocation model, (including new policies of allocation rules).
- Create and maintain a strong documentation database of all services provided from UniOps to all business units including new services to be provided in the future (e.g. FFO Experiences), update relevant policies and design new polices.
- Support in execution of strategic initiative and provide reports to leadership more efficiently and effectively.
- The role requires strong collaboration with different functions across UniOps on regular basis, and an ability to work independently to design solutions.
- Master-data rigour, especially in maintaining strong governance in the ICC narratives, allocation keys and deep understanding of UniOps costs.
- Identifying potential areas to create operational efficiency, leverage technology and automate manual processes.
- Hold people accountable, have high level of responsibility, strong leadership skill, have a bias for action and growth mind set.
- Lead assignment to closure
- Ability to multi-task and deliver desired result.
Key interactions :
The role will interface with the following stakeholders :
Additional Responsibilities :
- Expertise Areas: Tax, Legal, Treasury and FCCR Teams (key stakeholders)
- Unilever Markets representatives (NFD’s, Controllers, General Counsels)
- TBM/ EBM Team
- UniOps Finance
- SSP (Supplier Strategy and Performance)
- UniOps Service Lines and Programme Leads (when required)
Additional Responsibilities :
- The role holder should have the ability to think strategically and have high level of adaptability.
- The ability and gravitas to influence senior stakeholders, with strong communication and interpersonal skills to collaborate and build effective working relationships at all levels.
- Passion for Change and Transformation.
- Proactivity and ownership of the agenda.
- Ability to work in an unstructured environment.
- Extensive knowledge of reporting, master-data and cost accounting.
- Multi-Stakeholder management
- Knowledge of SAP, Finance Master-data, Cost Control Cubes, IFinance, FCCR.
- Excellent in Microsoft Office suite (Excel)
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