FP&A COGs Analyst (Secondment-6 months)

Job Title

 About us

With over 200 brands sold in nearly 180 countries, we’re the world’s leading premium drinks company. Bring your passion and use your curiosity as you explore, collaborate, and innovate to build brands consumers love. Together with passionate people from all over the world, you’ll test new ideas, learn and grow, and unlock a brighter, more exciting future.

Join us to create a career worth celebrating.

 About the Function:

Our Finance team deliver sustainable growth for our business, customers, and much-loved brands. We’re part of a $12.2 billion gross profit organisation, responsible for driving an exceptional level of performance and creating the potential for future growth.

Whether we’re utilising our digital capabilities and analytics to inform our business strategy or creating capacity to invest in the future — no two days are the same in our Finance team. Wherever your skills lie, we’ll help you to learn and develop, supporting you along the way in our inclusive culture.

 About the team:

About the Job 

Purpose & Overall Relevance for the Organization 

Diageo's Shared Service Center plays a crucial role in supporting Diageo’s Latin American markets by delivering high-quality financial, operational, and analytical services. By implementing efficient processes and fostering a culture of continuous improvement, our function ensures that markets benefit from streamlined operations and enhanced business insights. This empowers local teams to make informed decisions, driving growth and efficiency. As a center of excellence, it acts as a true business partner, collaborating closely with markets to achieve strategic objectives.  

Financial Planning and Analysis (FP&A) is integral to the business operating rhythm, providing insightful data and analysis to drive the long-term sustainable performance of Diageo. A dynamic and integral force within our organization dedicated to driving financial excellence and strategic decision making. Our team plays a pivotal role in shaping the financial future of the company, ensuring that every decision aligns with our overarching business objectives. 

The COGS Analyst plays a crucial role within the Financial Planning and Analysis (FP&A) team, focusing on the monitoring, analysis, and evaluation of the Cost of Goods Sold (COGS) for Diageo demand companies. This position aims to provide accurate and reliable insights into COGS spending and to forecast movements based on underlying assumptions, while identifying risks and opportunities to maintain alignment with the Annual Operating Plan (AOP). 

Joining Diageo’s Shared Service Center means becoming part of a global function where innovation, professional development, and the opportunity to make a real impact are at the forefront. 

Key Responsibilities 

• Perform in-depth analysis of demand COGS, which includes supply costs (e.g., distilling, bottling, packaging) and distribution costs (warehousing, freight) incurred during product sales. 

• Continuously monitor COGS values to ensure accurate reporting and timely identification of variances against forecasts and budgets. 

• Develop reliable forecasts for COGS based on historical data, market trends, and operational insights, while assessing potential risks and opportunities. 

• Work closely with cross-functional teams, including supply chain, operations, and finance, to gather relevant data and insights necessary for comprehensive COGS analysis. 

• Assist in identifying cost-saving opportunities within the COGS structure and support initiatives to optimize overall production and distribution costs. 

• Continuously seek ways to enhance the efficiency and effectiveness of COGS analysis processes, ensuring alignment with best practices and organizational objectives. 

Key Performance Indicators 

• Forecast Accuracy: Maintain control over monthly accuracy of financial forecasts against actual performance, aiming for 97% accuracy. 

• Reporting Timeliness and Quality: Ensure timely submission of financial reports and forecasts, meeting all deadlines set within the financial cycle while maintaining high data quality. 

• Variance Analysis: Analyze and explain variances between actual COGS and forecasts, ensuring that stakeholders understand the reasons for discrepancies. 

• Control compliance: Regularly review and monitor compliance with established controls related to the COGS process to prevent failures and ensure accurate financial reporting. 

Key Relationships 

• Supply Team 

• Finance Director 

• Cross-Functional Teams: Financial controller, Taxes, Supplier Experience 

• Regional team: Customer service and logistics, productivity  

• Global Teams: Supply finance, ICO pricing, RTR team 

• FP&A Team members 

The Power Skills You Bring 

• Planning and forecasting  

• Understand the impact of the accounting process and practice.  

• Creative thinking 

• Analytical thinking 

• Understanding and knowledge of relevant finance tools and systems. 

• Data literacy  

• Detail--oriented, analytical, proactive, and can work under pressure with minimum supervision.  

• Communication and storytelling  

• Curiosity and lifelong learning 

• Motivation and self-awareness 

Requirements 

• Education: Degree educated and part qualified - studying for a professional financial qualification.  

• Experience: 2 or more years proved experience in a global FMCG or similar dynamic operating environment.   

• Language: English Professional working proficiency 

• Language: Portuguese highly desirable 

 Flexible Working Statement:

Flexibility is key to our success. Talk to us about what flexibility means to you so that you’re supported to manage your wellbeing and balance your priorities from day one. 

 Rewards & Benefits Statement:

 Diversity statement:

Our purpose is to celebrate life, every day, everywhere. And creating an inclusive culture, where everyone feels valued and that they can belong, is a crucial part of this.

We embrace diversity in the broadest possible sense. This means that you’ll be welcomed and celebrated for who you are just by being you. You’ll be part of and help build and champion an inclusive culture that celebrates people of different gender, ethnicity, ability, age, sexual orientation, social class, educational backgrounds, experiences, mindsets, and more.

Our ambition is to create the best performing, most trusted and respected consumer products companies in the world. Join us and help transform our business as we take our brands to the next level and build new ones as part of shaping the next generation of celebrations for consumers around the world.

Feel inspired? Then this may be the opportunity for you. 

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