Job Description:
Responsible for:
Technical accounting guidance that aligns with business objectives and complies with U.S. generally accepted accounting principles
KPMG relationship; work to resolve issues
Provide technical guidance on accounting issues and the application of accounting principles and regulatory pronouncements
Advise on the structuring of transactions and consult on proposed transactions
Determine impact of new accounting standards and aid in their implementation and prepare disclosures for external reporting
Ensure that financial policies are updated timely and accessible; respond to questions regarding implementation to specific circumstances
Manage external debt offering process including the filing of Registration Statements
Assess SOX implications of Treasury matters; support the Global Control Standard
Assist in PepsiCo?s efforts in implementing International Financial Reporting Standards (IFRS)
Significant interaction with Treasury, Tax and Divisional Management
Technical Accounting/External Reporting:
Timely filing of Forms 10-K and 10-Q with the SEC
Responsible for drafting sections of financial statements for areas related to derivatives, debt and fair value
Responsible for reviewing financial statements to determine compliance with GAAP
Assist in responding to any SEC comment letters and requests
Technical Accounting Guidance
Provide guidance and advice to Corporate functions and to divisions (both domestically and internationally including regional/country level) including:
Financial instruments (e.g. commodity and FX)
Review FAS 133 documentation
Work with Treasury and Tax to determine accounting implications for new legal entities (review funding memos)
Accounting for insurance proceeds in plant locations
Review credit facility documentation
Manage external debt offering process (e.g. US and EMTN programs) ? interact with Treasury, Tax and Legal
Implement processes and procedures for the determination, approval and reporting of hedge accounting for FX and commodity transactions as well as those in the MTM program
Ensure compliance with U.S. GAAP and alignment with business objectives.
Prepare white papers/position papers for concurrence by senior management and KPMG
Proactively influence accounting standards setting process, evaluating and communicating impact to PepsiCo senior management
Lead implementation of new accounting requirements
Develop, update and implement PepsiCo accounting policies
Support policy website
Provide guidance and interpretation of policies
Develop and implement best practicesKPMG Relationship
Manage issues resolution process
Financial Control and Process Management:
Maintain adequate internal control process over external reporting and disclosure for Section 404 attestation by external auditors
Develop and implement best practices
Leverage relationships with PwC, peer companies and other firms
International Financial Reporting Standards (IFRS)
Assist in implementation efforts for IFRS for the Treasury area
Develop accounting policies and implement worldwide
Train individuals, in multiple functional areas including accounting and finance, tax, treasury, etc.
Job Requirements: Education/Certification:
Bachelor?s degree in accounting
CPA
Work experience:
Minimum of 8-10 years of experience in accounting/auditing
Seasoned judgment
Skills/Characteristics:
Technical master with pragmatic approach
Strong professional network
Strong communication skills ? excellent written and verbal skills
Team player ? able to interact with all levels in the organization
Additional Preferred Education & Experience
Masters in Business Administration (MBA)
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