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Assistant Manager

  • Company

    VARUN BEVERAGES LIMITED

  • Location

    Bhubaneswar, Odisha, India

  • Employment Type

    Full-Time

  • Functional Category

    Finance & Operations

  • Experience

    4 - 8 years

About VARUN BEVERAGES LIMITED

Varun Beverages Limited (VBL) is one of the top FMCG players in the Indian Market. We are on track towards strengthening our position in the global beverage industry with our presence in 14 countries in the Indian sub-continent and Africa - where we are responsible for producing popular brands like Pepsi, Mirinda, 7up, Mountain Dew, Slice, Aquafina, Sting, Tropicana, Gatorade, and many more and making them readily available at outlets near you. We are committed towards delivering a refreshing beverage experience to our consumers. VBL in India is the second-largest franchisee partner for PepsiCo (outside US) and is powered by #HungryForMore spirit of 10,000+ employees who contribute to making the VBL family stronger and bigger every-day. Life@VBL is about endless opportunities and maximizing learnings every-day. We take immense pride in our employees’ commitment, ownership, and spirit of #OneTeamOneDream. We are equally committed to ESG principles; focusing on environmental stewardship and actively participating in community initiatives demonstrate our dedication to giving back to the environment and society. Our robust governance framework ensures accountability and sustainability in everything we do. For more details, please visit our website.

Overview of the Role

Lead financial planning, budgeting, and forecasting by developing robust budget models aligned with organizational goals. Oversee statutory and management reporting, audits, and compliance, while delivering insightful financial analysis to senior leadership. Strengthen internal controls, monitor unit-level financial performance, and implement effective expense reporting systems to ensure cost efficiency and risk management.

Job Description

Financial Planning and Budgeting:
• Develop and design effective budget models for departments and the entire company.
• Prepare and manage budgets, ensuring alignment with organizational goals.
• Contribute to the financial planning and forecasting process of the unit.

Financial Reporting:
• Submit accurate Quarterly, Half-yearly, and Annual Financials, Annual Budget, and other required reports.
• Present annual budgets to senior managers for review and approval.
• Monitor and report on the financial performance of the unit, including Balance Sheet, COGS/COGM report, Yield
• Report, and D&A report.

Audit Compliance:
• Ensure timely completion of audits as per the schedule.
• Collaborate with auditors and facilitate the audit process, providing necessary documentation.

Financial Analysis:
• Provide timely and accurate analysis of budgets and financial reports to senior management.
• Report on internal financial controls for enhanced fraud risk management.

Expense Reporting:
• Implement a proper reporting system over Power & Fuel, Repair & Maintenance Expenses, and C&C Expenses.

Required & Preferred Qualifications

Skill

Analytics and business reporting
Financial acumen, towards understanding business performance and budgets
Advanced proficiency in Microsoft Excel.

Education

CA (1 st or 2 nd attempt)

Experience

• 4-8 years of overall experience in the accounting function (preferably in FMCG set up) • With atleast 4 year in MIS preparation with manufacturing unit. • Budgeting, Budgetary control, Budget preparation, Management action and cost control, Master budget, Price and quantity variance, Responsibility centres, Zero-based budgeting. • Experience on SAP is must. • Knowledge on GAAP • Fundamental or general understanding of concepts