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Title:  Financial Planning & Analysis Specialist - Opex/Capex

Job ID:  77601
Country:  Philippines
City:  Taguig
Professional area:  Accounting & Finance
Contract type:  Permanent
Professional level:  Experienced
Location: 

Taguig, 00, PH, 1634

 

We’re JTI, Japan Tobacco International, and we believe in freedom

 
We think that the possibilities are limitless when you’re free to choose. We’ve spent the last 20 years innovating and creating new and better products for our consumers to choose from. It’s how we’ve grown to be present in 130 countries, and how we’ve grown from 40 to 4,000+ employees in the Philippines since 2009.

But our business isn’t just business, our business is our people. Their talent. Their potential. We believe that when they’re free to be themselves, to grow, travel and develop, amazing things can happen for our business. That’s why our employees, from around the world, choose to be a part of JTI. It’s why 87% of employees feel happy working at JTI, and why we’ve been recognized as INVESTORS IN PEOPLE in the Philippines.

So when you’re ready to choose a career you’ll love, in a company you’ll love, feel free to #JoinTheIdea

Learn more: jti.com

 

WHAT THIS POSITION IS ABOUT - PURPOSE

To support the functions, Commercial Finance Opex / Capex Manager, FP&A Director in consolidating / managing the Operating Expenses (Opex) and Capex budget for Corporate planning cycles, partnering with business functions in ensuring understanding financial impact of business decisions, driving improvements to enhance budgetary control, and ensuring delivery of Opex plan through month and year end closing monitoring and reporting. 

 

Critical to the success of the incumbent will be to build solid working relationship and work closely with multiple business functions impacting Opex / Capex for the market. Opex is substantially comprised of Salary and Fringe costs representing over 3000 employees, therefore main business partner is People and Culture.

 

WHAT WILL YOU DO - RESPONSIBILITIES

 

Corporate Planning Submissions 

  • Own corporate planning submission process for Opex and Capex from instruction, liaise with partners, review and consolidation, submission of final budget to market planning
  • Drive realistic plans from business partners through thorough checking and discussions on drivers / assumptions behind the numbers
  • Own the templates required for submission and bring improvements where required / ensure optimal automation

 

Continuous Budget Management 

  • Ensure continuous review of budget throughout the year through analysis of actual v plan variances and discussions with partners
  • Build reports to budget owners that draw the attention to important deviations and collaborate to understand explanations
  • Hold quarterly review meeting with partners to review formally and document
  • Seek improvements on Salary and Fringe planning (main component of Opex) 

 

Business Partnering for decision making

  • Ensure Opex / Capex partners prepare BAP Memo under JTI operating guidelines, facilitate with preparation / review of financial information and ensure quality narratives for smooth approval process
  • Guide business partners on the financial impact of making decisions and the respective impact
  • Play a challenger role in prudent budget management and spending  including drive of cost consciousness mindset in functions
  • Educate non finance teams on finance topics including but not limited to Goods Receipt, Accounting Impacts of OCC and FCF, Operating guidelines, NPV of projects

 

Month and Year End Closing Monitoring and Reporting

  • Monitor P&L during month end closing and monitor for expected entries, following up with partners and liaising with Entity Finance as necessary
  • Complete analysis of Opex / Capex actual with comparison to latest plan and obtain / corroborate explanations from business partners
  • Produce reporting summary for Commercial Finance Opex / Capex manager, and present analysis and highlight critical points
  • At year end closing, prepare and guide business partners to ensure a smooth year end closing, early closeout of entries and delivery of plan

 

Other ad hoc 

  • Perform other ad hoc analysis as requested by the Commercial Finance Manager Opex / Capex or FP&A Director, and necessitated by business requirements

 

WHO ARE WE LOOKING FOR - REQUIREMENTS:

  • A Bachelor's degree in Accounting a must, CPA not required
  • 3-5 years professional experience in multinational FMCG company or Auditing Firm, with experience in (1)  Financial forecasting and modelling, (2)  Budget monitoring and communications, (3)  Financial reporting and analysis
  • Possess effective verbal and written English communication skills
  • Must have strong skills in MS Excel and exposure in SAP and BW / GPM
  • Ability to work with great level of details and summarize for reviewer
  • Possess effective communication style, good presentation skills.
  • Able to manage deadlines under tight time pressure is important. 
  • Ability to connect the dots.  Good financial analysis and business acumen skills.
  • Has high learning agility and adaptability to evolving business environment.

 

WHAT’S IN IT FOR YOU?

  • Work in JTI Philippines Headquarters Taguig
  • Be covered with medical insurance upon hiring, with dependent coverage and medicine allowance
  • Receive bonuses and cash allowances such as meal and transport allowance
  • Have access to over 200 company training
  • Well-being programs for employees
  • Opportunities for your career growth
  • Recreational facilities in the office - Videoke, billiard and table tennis
  • Be part of a truly international and diverse company with over 40,000 employees in 130 countries.
  • Experience the culture of an Investors in People certified company
  • Find out why 9 out of 10 employees recommend us to a friend.
  • Understand why 9 out of 10 employees say they feel free to be themselves.

 

WHAT ARE THE NEXT STEPS - RECRUITMENT PROCESS:

  • Thank you very much for your interest in the role. You are welcome to apply.
  • We will make sure every candidate will receive a reply within 2 weeks after the application deadline.

 


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