F26 CA Industrial Trainee

India is among the top ten priority markets for General Mills, and hosts our Global Shared Services Centre. This is the Global Shared Services arm of General Mills Inc., which supports its operations worldwide. With over 1,300 employees in Mumbai, the center has capabilities in the areas of Supply Chain, Finance, HR, Digital and Technology, Sales Capabilities, Consumer Insights, ITQ (R&D & Quality), and Enterprise Business Services. Learning and capacity-building is a key ingredient of our success.

Position Title

For Interns CA (Chartered Accountant)

Function/Group

Finance

Location

Mumbai

Shift Timing

11AM to 8PM/

1:30PM to 10:30PM

Role Reports to

AAM/AM/Manager

Remote/Hybrid/in-Office

Hybrid

ABOUT GENERAL MILLS

We make food the world loves: 100 brands. In 100 countries. Across six continents. With iconic brands like Cheerios, Pillsbury, Betty Crocker, Nature Valley, and Häagen-Dazs, we've been serving up food the world loves for 155 years (and counting). Each of our brands has a unique story to tell.

How we make our food is as important as the food we make. Our values are baked into our legacy and continue to accelerate us into the future as an innovative force for good. General Mills was founded in 1866 when Cadwallader Washburn boldly bought the largest flour mill west of the Mississippi. That pioneering spirit lives on today through our leadership team who upholds a vision of relentless innovation while being a force for good. For more details check out

General Mills India Center (GIC) is our global capability center in Mumbai that works as an extension of our global organization delivering business value, service excellence and growth, while standing for good for our planet and people.

With our team of 1800+ professionals, we deliver superior value across the areas of Supply chain (SC) , Digital & Technology (D&T)  Innovation, Technology & Quality (ITQ), Consumer and Market Intelligence (CMI), Sales Strategy & Intelligence (SSI) , Global Shared Services (GSS) , FINANCE INDIA and Human Resources Shared Services (HRSS).For more details check out

We advocate for advancing equity and inclusion to create more equitable workplaces and a better tomorrow.

JOB OVERVIEW

Function Overview

The Finance organization partners across General Mills to provide financial expertise to guide and govern the company. We bring a distinctive skill set to help the company sustainably drive strong returns on investment, whether that's brand investments, capital investments or resource investments. We hold ourselves accountable for the areas where we are uniquely positioned to drive results – what we call our Strategic Priorities – but we never lose sight of the fact that we only truly win when the company wins. The Finance function operates as a global team through the partnership of a series of enterprise-focused and business-embedded groups.

For more details about the Function please visit this Link

Purpose of the role

This JD is designed to be used for Campus interviews for graduates and CA Intern hiring across various FINANCE INDIA Operations Finance roles (e.g. in FPNA, GQR, Statutory COE etc.)

KEY ACCOUNTABILITIES

70% of Time - Operational Management

Operational Management 

1.Central Forecast Team

·       Submission of Financial Forecast, Spring Plan and PEAK support:

·       Ensuring a complete and accurate financial forecast is submitted, using vol from Demand team,

·       Assisting with the compilation of decks for each Peak monthly meetings (PMR, DRM, MBR, SR),

·       Collating information for HUB scorecard reviews.

·       Reporting and Analysis:

·       Preparing and distributing actual business results to stakeholders,

·       Pricing and Expense (Admin, Marketing, Trade) consolidation and reporting,

·       In-market measures for distributor markets

·       Daily Activities:

·       Ad-hoc reporting requests from business stakeholders,

·       Preparation of CWC performance,

·       Consolidating distributor trade spend forecast (TAF),

·       Enter and amend customer pricing as requested,

·       Validation & testing of new back-end flows,

·       Checking accuracy of volume conversions in system.

2. Statutory Financial Reporting

·       Subject matter expertise & hands-on with Statutory US & Local GAAPs (IFRS), Consolidation

·       Knowledge of US GAAP / IFRS and international auditing standards

·       Experience with international tax structures and the translation of these structures to the financial statements

·       Pro-actively maintains up to date knowledge of Accounting Standards and Regulations impacting General Mills.

·       Lead & prepare various schedules required for internal and external reporting on a GAAP, statutory reporting basis, financial reports such as balance sheets, income statements, cash flow statements and footnote schedules.

·       Pro-actively seeks areas to improve both the Statutory Reporting process Statutory reporting process & related internal processes

·       Liaise with auditors and internal team as appropriate, to ensure that all local GAAP requirements are fulfilled

·       Planning and Preparing Financial Statements –

·       Coordinate and plan the preparation of financial statements of Global Market / Markets (EUAU/ ASLA/ NAR)

·       Initiate and prepare the financial statements in the reporting tool (Workiva & SAP) with at most accuracy.

·       Get the financials reviewed by business controller / tax consultants / auditors and book the necessary adjustments in reporting tool and SAP.

·       Support in filing the financials to relevant local authorities.

3. Global Quality & Risk

·       Global Quality and Risk (GQR) Team is part of FINANCE INDIA vertical at GBS India Center. This team report to Finance Director.

·       This team has dotted line responsibility to Global Internal Control (GIC) and Global Internal Audit(GIA)

·       GQR is team of qualified Chartered Accountants (equivalent to CPA/CIMA) with an experience in audit & risk field.

·       This team supports in Compliance, Regulatory & technical analysis to local Finance & India site, Global Internal Control and Global Audit Team. Considering the global deliverables, the team is required to know the global GAAPs and US GAAP along with various pronouncements e.g. Sarbanes-Oxley, Patriot Act, etc. They need to continuously upgrade themselves with the changing scenario in Finance and Accounting.

·       Over the period of last 2 years this team has evolved to be major partner in SOX program, consultant to Global Internal Control in various global projects. This team is the Global hub for SOX program for GMI.

·       This team has emerged as strong partner with Global Internal Audit for technical analysis and compliance with regulatory requirements by establishing Audit Center of Excellence (ACOE).

·       Locally this team ensures strong risk and control environment is maintained by way of regular reviews, risk and awareness session and consulting partners. As and when needed this team provides support to site by way of adhoc reviews from accounting, policy and compliance perspective.

·       Ensure Quality Assurance Program for assigned functions is carried out and reported in dashboard.

·       Ensure to get Control Design Evaluation for assigned function done on annual basis to identify critical non-SOX processes and design gaps through team members.

·       Stakeholder (assigned FINANCE INDIA Function) management
o To support FINANCE INDIA and GBS India for adhoc review. Carry out reviews from policy, accounting and operations risk perspective.
o Assist in interfacing and coordinating audits and reviews with General Mills Internal and External Auditor

10% of Time - Continuous Improvement

·       Participation in driving Continuous improvement within Process. 

·       Eliminate Waste, Contribute to the Functional Productivity Goals

·       Ensure accurate tracking of HMM ideas and implementation

20% of Time - Technical Expertise

·       Actively learn and apply intermediate/advanced level of expertise in MS Excel, BeX, AFO, BO, SAP, Macros

·       Build a robust governance system for all reporting activity.

·       Undergo trainings: As recommended and self-initiated refresher trainings to keep abreast of

·       Tool dynamics and their functional as well as tactical applications

MINIMUM QUALIFICATIONS

·       Full Time graduation from an accredited university (Mandatory)

·       Multitasking & Time Management

·       Preferred Major Area of Study: Finance & Accounting

·       Required Professional Certifications: CA Intern

·       Strong customer relations & Good Communication

·       Logical thinking

Competencies/Behaviors required for job

·       Courage to question without hesitation, recommend and influence.

·       Yearn to gain process expertise and be an SME for the process.

·       Commitment to Service Excellence and delivering Outstanding Results

·       Ability to identify gaps, trends, exceptions and synergies in the process, drive process improvements with HMM.

·       Can prioritize and complete multiple tasks on tight deadlines.

·       Familiarity with SAP system functionality preferred.

·       Experience dealing with Global Stakeholder preferred.

·       Advanced MS Office computer skills preferred (i.e., Word, Excel, Access, Outlook)

·       Experience in Reconciliation can be advantage

PREFERRED QUALIFICATIONS

• Major Area of Study: Preferred Degree Requirements: CA Internship
• Minimum years of related experience required: Freshers.