Country Lead : Commercial Finance Full Time

Job Description

An exciting vacant position has arisen at East Africa Bottling Share Company – Ethiopia for the role of Country Lead : Commercial Finance. East Africa Bottling Share Company ( EABSC) works with the world’s most cherished trademark; invests in the most sophisticated production system in the world and employ people who are prepared to work with passion and focus.

The position is structured to report to the Finance Director

Key Duties & Responsibilities

Value Chain Analysis and Management

• Ensure accuracy and completeness of existing and new product value chains; submit for final approval.
• Present quarterly value chain analyses to senior leadership, highlighting profitability by pack and brand.
• Implement approved action items and re-design commercial processes for continuous improvement.
• Review and present RFP financial reports to demonstrate various profitability scenarios.
• Conduct comparative analyses to inform business decision-making.
• Collaborate on specific product category value chains (e.g., Stills), ensuring correct concentrate pricing and alignment with Finance, Commercial, and Manufacturing leadership for sign-off.
• Coach senior leadership on applying commercial services financial processes.

Incidence Management

• Implement incidence management processes, including incident rate changes, concentrate price revisions, and value share proposals to ensure equitable value share between TCCC and Country Bottler.
• Build and maintain stakeholder relationships with TCCC, and the Monster Energy Company to foster alignment, transparency, and trust.

Commercial Financial Performance Review

• Review monthly income statements for accuracy and completeness.
• Analyze and comment on monthly business performance, reporting variances against financial statements, prior year, and budget including reviews of monthly rental contract cancellations and creations for accurate revenue reporting.
• Prepare business case scenarios for product categories to determine profitability before customer proposals.
• Review annual price increase proposals for accuracy and completeness, resolving any price queries between Bottlers.
• Present annual price increases to senior leadership, demonstrating the projected impact on profitability.

Cost of Sales and Channel Profitability

• Oversee the validity, accuracy, and completeness of Cost of Sales inputs into the relevant sales reporting platform, reviewing income statements by trade channel to determine profitability.
• Review inputs of Cost to Serve by channel to identify cost differences, ensuring channel profitability is incorporated into product value chains for decisions based on current financial reports.
• Approve methods to improve channel profitability reporting.

Inventory and Cost Management

• Where applicable, manage the Monster Energy Company (MEC) rebalancing process for timely and accurate execution.
• Manage The Coca-Cola Company (TCCC) stock reporting process to ensure accurate and timely inventory reporting and activity based costing.

Governance and Compliance

• Review and approve annual commercial financial budgets.
• Update Risk and Control Matrix (RACM) narratives for commercial finance processes to align with business context, maintain controls and ensuring quarterly self-assessments to identify areas of non-compliance.
• Attend quarterly stock counts within the region as a management control requirement.
• Provide required information for Corporate Audit Division (CAD) and internal/external auditors to assess internal controls compliance and develop action plans to close audit findings and mitigate risks.
• Review quarterly GL reconciliations for identified accounts as per RACM requirements.

Skills, Experience & Education

• First Degree in Accounting and Finance  or related field of business studies
• A minimum of 10 years relevant work experience in a corporate finance environment with at least 3 years experience in a leadership role, managing financial processes and teams.
• Expertise in commercial finance processes and new product development financial processes.
• Strong analytical and financial skills, with the ability to conduct detailed financial analysis and reporting.
• Advanced proficiency in financial software and Excel for accurate financial modeling and analysis.
• Ability to make quick, informed decisions under tight deadlines and pressure.

How To Apply