Intercompany Accounting Specialist
Job Location: Luxembourg
Ferrero is a family-owned company with a truly progressive and global outlook and iconic brands such as Nutella®, Tic Tac®, Ferrero Rocher®, Raffaello®, Kinder Bueno® and Kinder Surprise®. As the love for our brands continues to grow, so too does our global reach. Represented in more than 50 countries, with products sold in more than 170, the Ferrero Group is loved by generations around the world. The secret to our global success? 38,767 dedicated employees who celebrate care and quality to craft a business, careers and brands we are proud of. Join us, and you could be one of them.
Ferrero is committed to building a diverse and inclusive culture in which all employees feel welcomed and appreciated and have the same opportunities. We believe all of our people are equally talented in their own way. In nurturing the curiosity and natural abilities of our employees, we provide them, generation after generation, the means to succeed personally and professionally, enabling them to craft their journey at Ferrero. The diversity of our talents is what makes our work environment multicultural, innovative and highly rewarding.
About the Role:
For our Ferrero HQs based in Luxembourg, we are looking for an Intercompany Accounting Specialist.
Working in an international environment while being part of a team consisted of four people you will be reporting to the Intercompany Supervisor.
In this role, you will be responsible for the integrity and accuracy of the accounting processes and financial reporting, ensuring that all intercompany flows are managed in a complete and accurate manner. By performing an administration related role your focus will be to support accounting quality, compliance with tax and accounting law by correctly applying internal control rules.
As your manager will supervise all the "Procure to Pay" and "Order to Cash" processes, you will support the proper management of administration issues such as receivables and payables.
As the Intercompany Accounting Specialist, you will support in tasks and activities related to both Purchasing (PTP) and Sales (OTC) areas.
By covering this position, you will analyze and resolve issues related to blocked billings, invoice postings, payments and any other unusual issue related to intercompany transactions. In relation, you will prepare ad hoc specialized reports and analysis: invoice/credit notes to be received analysis, open purchase orders analysis. In addition, you will reply to queries received by intercompany entities while conducting analyses and monitoring of intercompany accounts and balances (e.g. transitory accounts, unapplied cash, payables and receivables, overdues, ageing). Moreover, and on a monthly basis you will be involved in advance payment reconciliation, aging review and payment process as well as perform tests for new flows implementation and performing post go live monitoring.
From this role you will work closely with different functions such as IT, Tax, Supply Chain, GRC for analyzing existing business processes.
The aim will be to identify gaps and opportunities for improvement and streamlining of accounting procedures and intercompany flows. Similarly you will have to work together with Shared Service Center to ensure that accounting procedures and operating tasks are properly executed in line with deadlines and operating manuals. Last but not least, you will have to ensure compliance with Group Intercompany Standards and IFRS.
Who we are looking for:
You will bring your university degree background in Accounting, Finance, Business or similar and your 1-2 years of work experience in an Accounting Department and/role. Being a strong communicator, organized, dynamic, proactive with problem-solving and interpersonal skills, you will act as the point of reference to support intercompany accounting related activities. Your ability to interact effectively and appropriately independently but also as part of a team will help you to reach your goals.
You are fluent in English and have a solid understanding and knowledge of generally accounting principles and bookkeeping procedures. You are an expert in Excel (comfortable with pivot table, v-look up) and have a strong knowledge as a user in SAP.
Don't miss this great opportunity of career development and apply!
How to be successful in the role and at Ferrero:
Consumers, quality and care are at the heart of everything we do. So, to be successful at Ferrero, you’ll need to be just as consumer and product centric as we are - dedicated to crafting brilliant results for consumers around the world.
Strong analytical mind, attention to details on one hand, and ability to cooperate with employees at all levels and great organisational skills on the other, would be key to success. Employee contribution and engagement at Ferrero is based on the individual, team and organisation dimension, so you should have the ability to work independently, as a part of the team and build good relations with stakeholders at all levels. Being flexible and dealing with a dynamic working environment as well as the ability to embed new knowledge and skills in existing competencies will definitely help you to become high performer here.