JOB DESCRIPTION & REQUIREMENTS:
Position Overview:
JOB SUMMARY:
The role will be responsible for budgetary management of the Franchise DME and Opex spend, administering the MEM tool & Opex Funds, while ensuring compliance with Company Standard Practices and Procedures.
Additionally the is expected to be the Financial Consultant to the marketing teams during negotiations of contracts to ensure optimization of spend for the Franchise – thus enabling realization of greater productivity, efficiency and effectiveness of Marketing and Opex dollars.
Contributes to provide the Franchise teams with accurate analysis, benchmarks and reports on a timely manner to ensure optimal allocation of resources in implementation of the Company’s business strategies.
Partner with the Franchise and BU Planning teams on the financial requirements needed to identify opportunities that create significant business value and drive long term sustainable profitable growth. The South Africa Franchise is composed of 15 countries with a combined Volume or Approximately 0.6BMMuc
KEY DUTIES/RESPONSIBILITIES:
List the duties in order of importance:
Coordinate the Central Franchise Marketing DME for RE process.
Compile expected monthly DME expenses & submit monthly figures to Financial PlanningAgreed and pre-align with the Marketing and Commercial teams monthly / quarterly spending.Monitor & provide feedback on financial risk and opportunities regarding DME on monthly basis.
Strategic & Annual Business Planning (BP) – Co-ordinate the annual DME & OPEX Business Planning process by:
Requesting and Collating DME budgets from Marketing associates for in standardized templates by Initiative aligned with Income statement submissions and planning calendar
Requesting and Collating OPEX budgets from Franchise and Department heads
Set up & Co-ordinate BP Opex review meetings with FD & Function Managers
Set up & Co-ordinate BP DME Alignment meeting for BU
Upload BP DME & Opex in Financial system as per submissions and direction by Business Unit leadership within the stipulated BP financials guideline
Summarize DME & OPEX by Country
Provide Feedback to Franchise team on final approved DME & OPEX growth rates
Load DME excl. of Hold Back [as per agreed budgets], in Financial system in a timely manner to ensure projects began on a timely manner.
Provide guidance to Finance & Marketing Managers on how best to optimize on DME Spend
Monthly DME Management by proactively:
Implement DME Optimization initiatives & advice marketing associates on expected benefits utilization of Legal Entities, Centralization of Purchasing, Media negotiations, Follow up on Bulk Media discounts, Local currency invoicing, etc.
Implement ROI Pre and Post promotion tool on Main Campaigns run by the Marketing & Commercial teams Effect timely DME freeze & shifts on directives from BU leadership and approved RFA’s
DME Productivity – Monthly review of key DME metrics
Brand Contribution Report – Monthly update and Communicate key deviation to finance and marketing teams
Agency Audits – Follow through on DME use age feedback with marketing team and have quarterly review on status.
Media Contracts Review Support – Together with Media associates provide guidance on the financial aspects of the contracts for media contract negotiations and follow up on any discounts as proposed.
Be the Financial consultant relating for Marketing associates on Marketing Expenditure Mgt
Monthly Opex Management:
Monthly budget tracking and reporting by Country and Function
Pro-actively manage Opex spend by : Having periodic meetings with function managers and Franchise FD to review status & suggest remedial actions where needed
Review of actual Opex charges before close of month for reasonableness, flag issues for reallocation & follow up on charges that ought to have been made as per RE.
Monthly check off that routine journal has been posted by GFO including Monthly Payroll, T&E, Office Expenses, etc…
COMMUNICATION COMPLEXITIES:
Good verbal and written communication skills, including the ability to explain financial matters to non-finance staff and to interact with upper management.
Manage the following relationships:Franchise and BU Finance TeamsFranchise Function ManagersGFO Team Internal customers from Marketing, FCL, in challenging assumptions for DME and Opex budgets assessing financial viability of spending and initiatives.
INNOVATION:
Supports continuous improvement by applying/creating/changing processes, systems.
This role will be responsible for developing new System Models and Tools to track the performance of key financial metrics.
In addition, the role is expected to provide leadership across the Franchise territories in all aspect of the KO Opex and DME negotiations.
ANALYSIS
This position will require sophisticated and contemporary information management and superior analytic skills and expertise. The individual must also possess exceptional collaboration and organization skills/capabilities; with the ability to multi-task, set priorities and meet deadlines.
JUDGEMENT AND DECISION MAKING:
Decision
Responsible for developing, proposing and managing Franchise Opex and DME targets, and implementing initiatives
Evaluates financial feasibility of Opex and DME initiatives, while challenging inputs and assumptions provided by the project teams to ensure reliability of financial analyses and reasonableness of conclusions while enabling management to make financially-sound decisions.
In addition, negotiations and interaction with Function heads requires good levels of negotiation and influencing skills.
SUPERVISORY RESPONSIBILITIES:
REQUIRED QUALIFICATION:
Type of previous work experience required: Financial planning, GFO,
At least 3 to 5 years of Finance experience in similar roles.
Minimum education level required to perform this job – University/Advanced Degree
Required Certifications: Business Administration, Economics, Commercial Engineering
RELATED COMPETENCIES:
LEADERSHIP BEHAVIOURS
Drive Innovation:
Generate new or unique solutions and embrace new ideas that help sustain our business (encompassing everything from continuous improvement to new product and package innovation)Collaborate with System, Customer, and other Stakeholders:
Develop and leverage relationships with stakeholders to appropriately stretch and impact the System (Company and Bottler)
Act Like an Owner: Deliver results, creating value for our brands, our System, our customers and key stakeholders
Inspires Others: Inspire people to deliver our mission and 2020 Vision, demonstrate passion for the business and give people a reason to believe anything is possible
Develop Self and Others: Develop self and support others’ development to achieve full potential
GROWTH BEHAVIOURS
Growth Mindset: Demonstrates Curiosity. Welcomes failure as a learning opportunity.
Smart Risk: Makes bold decisions/recommendations
Externally Focused: Understands the upstream and downstream implications of his/her work. Tracks and shares external trends, best practices, or ideas.
Performance Driven & Accountable:
Has high performance standards. Outperforms her/his peers.Fast/Agile: Removes barriers to move faster. Experiments and adapts. Thrives under pressure and fast pace.
Empowered: Brings solutions instead of problems. Challenges the status quo. Has the courage to take an unpopular stance.
Technical/ Functional Competencies
Financial & Economical Analysis
Planning and Forecasting skills
Performance Management
GAAP, Cost Accounting / Analysis
CULTURAL DIVERSITY:
International, multicultural experience and language skills preferred considering the multi countries under responsibility.
TRAVEL REQUIREMENTS:
Minimum travelling (mainly within Franchise territories)

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