Full Job Description
About Us
The Kraft Heinz Company is one of the largest food and beverage companies in the world, with eight $1 billion+ brands and global sales of approximately $25 billion. We’re a globally trusted producer of high-quality, great-tasting, and nutritious foods for over 150 years. While Kraft Heinz is co-headquartered in Chicago and Pittsburgh, our brands are truly global, with products produced and marketed in over 40 countries. These beloved products include condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, infant and nutrition products, and numerous other grocery products in a portfolio of more than 200 legacy and emerging brands.
We spark joy around mealtime with our iconic brands, including Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Primal Kitchen, and Classico, among others.
No matter the brand, we’re united under one vision: To sustainably grow by delighting more consumers globally . Bringing this vision to life is our team of 39,000+ food lovers, creative thinkers, and high performers worldwide. Together, we help provide meals to those in need through our global partnership with Rise Against Hunger. We also stand committed to responsible, sustainable practices that extend to every facet of our business, our consumers, and our communities. Every day, we’re transforming the food industry with bold thinking and unprecedented results. If you share our passion – and are ready to create the future, build a legacy, and lead as a global citizen – there’s only one thing to do: join our table and let’s make life delicious!
Our Culture of Ownership, Meritocracy & Collaboration
We're not afraid to think differently. Embrace new ideas. Dream big. We empower our people at every level – from entry-level intern to senior leader – to own their work. We share a responsibility to think like Owners – to be mindful of the collective and sustained success of Kraft Heinz – which we apply to every situation, every day. As part of Kraft Heinz, you're supported to grow and achieve. You’re expected to bring your authentic self to work every day, to lead with humility, and drive outstanding performance at every level – and you’ll be rewarded. You’re given opportunities to leave a mark and build a legacy. But you won’t do it alone. You’re supported by passionate teammates along the way, and our collective, collaborative spirit fuels our incredible progress.
Job Description
Position Overview:
This role reports to the Manager, Core Accounting, and is responsible for ensuring the proper reporting and consolidation of US and Canada intercompany activity/balances. This position alone is responsible for the accounting of $500M of intercompany sales. Responsibilities include performing various monthly close procedures, investigating and resolving intercompany imbalances, and executing manual intercompany transactions for non-product related services, intercompany loans, and cash movement. This role calls for strong business partnership with Global Business Services (GBS), logistics/supply chain finance, and various other global accounting/tax/finance partners. Key opportunities for enhancement include intercompany netting automation and Exports accounting best practice implementation. Looking for someone to challenge the status quo and identify efficiencies!!
Specific Responsibilities:
This role is primarily responsible for accounting for the following key areas:
Lead month end closing processes for North American Intercompany & Exports
Perform monthly Receivable/Payable netting process for US entities to remit single net payment
Execute recurring recharge entries primarily pertaining to, but not limited to, supply chain finance and US exports
Review/approve routine intercompany transactions submitted by various accounting teams for royalties, management fees, commodity hedging, etc.
Record monthly activity for IC loans (i.e. accrued interest, FX revaluations, etc.)
Work closely with Tax, Transfer Pricing, and Treasury teams
Execute cash repatriation transactions
Post local entries for occasional global tax restructuring projects
Analyze/resolve intercompany imbalances in a timely manner
Partner with the offshore GBS Intercompany Hub (IC Hub) to identify and investigate imbalances
Provide instructions to IC Hub to settle/pay amounts due and/or write-off differences
Maintain balance sheet integrity within Exports business
Drive forward best accounting practices for the Exports legal entity
Gain understanding of current process and implement improvements
Serve as primary administrator of Blackline and SAP Intercompany Journal Entry modules
Support colleages with ad hoc Intercompany/Exports accounting information, questions, and analysis
Complete accurate & timely balance sheet reconciliations in Blackline
Ensure adherance to intercompany accounting principles, SOX and GAAP.
Conduct peer reviews for completeness and accuracy
Ad hoc projects as requested
Qualifications:
Bachelor's degree in Accounting; CPA is a plus
3-4 years of corporate and/or public accounting experience with global company/client
Strong SAP foundation
Strong knowledge of US GAAP and SEC rules and regulations
Ability to effectively lead, manage, and prioritize multiple projects, while effectively operating in a fast-paced, complex, global organization
Excellent interpersonal, written and verbal communication, and conflict management skills
Outstanding analytical, teamwork, customer service, and leadership skills
Location(s)
Chicago/Aon Center
Equal Opportunity Employer–minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity
