Finance Career Development Framework

Finance Career Development Framework

Finance Career Development Framework

Position Profile

Job Title

/ Corporate Auditor
Level / L7
Position Summary / Conduct operational and financial audits throughout PepsiCo in order to identify risks and controls that may impact on the integrity of reported financial information and/or the achievement of business objectives. The role will require strong analytical and presentation skills.
Position Accountabilities / Business Knowledge:
•Review AOP and Strategic Plan prior to the start of the audit, preparing questions relating to business performance issues (i.e., non-control related) and controls for discussion with management during the audit.
•Cross-reference findings with other auditors.
•Prepare overview notes of plant visits, market tours and route rides and record in TM.
•For each relevant audit section, document actual and target KPIs monitored by management in TM, comment on performance against target and record impact on audit work. Benchmark against other entities where possible.
Planning:
•Review Assessment of Controls questionnaires and other planning information and incorporating results into TeamMate (TM) software sections.
•Review AOP objectives relating to audit section to identify potential audit risks, document in TM, and include impact in risk/control matrix.
•Review planning memo and incorporating all risk factors as separate steps in TM sections.
•Prepare risk/control matrix for each audit section.
Audit Execution:
  • Understand and document assigned business process steps and underlying controls.
  • Leverage business knowledge to identify control and business efficiency opportunities.
  • Discuss processes with other staff members and evaluate control risks.
  • Perform appropriate level of testing to validate controls are working and clearly document the results.
  • Calibrate preliminary findings at the end of first week with rest of team to verify that scope of work and timeline are appropriate.
  • Understand PepsiCo Risk Management Process.
  • Discuss Business Risk Assessment and Management with management during audits and assist in identifying new risks.
/ Audit Reporting:
•Issues all audit findings or business process improvements after agreeing actions with the relevant functional owner.
•Accurately record all findings and action plans in the status meeting agendas.
•Complete and agree all findings, actions and owner/completion dates in the draft detailed audit report before the close meeting. The aim should be to require minimal additional discussions with management on each point since wording should have been agreed in prior discussions.
Communication:
•Present audit findings and business process improvements with the related business impact in a clear and concise manner.
•Clearly communicate all audit exceptions to the audit manager before each status meeting.
•Present findings and business impact accurately during the close meeting with local management.
Teamwork within audit:
  • Actively participate in audit planning discussions.
  • Proactively discuss audit findings and business process improvements with the rest of the audit team at least weekly before each status meeting.
  • Share knowledge with other team members (e.g., sharing of best practices).
  • Continually assess progress of audit during fieldwork and assist on other audit sections where work may be completed early.
  • Actively participate in rating and priority assignment during the close week.
  • Actively participate in completing the job summary report.
  • Provide feedback on each assignment and suggestions on improvements to the process.
Other:
•Enhance cross-functional effectiveness by participating in different projects to improve audit effectiveness. Projects will include (may not be involved in all projects).

Finance Career Development Framework

Position Profile

Job Title

/ Corporate Auditor
Candidate Profile /

Required

Bachelor’s Degree in Business (Finance or Accounting Major)
Generally requires 6-8 years in Accounting or Finance. /

Preferred

Operating experience
Public Accounting Experience
Masters in Business Administration (MBA)
- Ability to sustain quality work and reports within an intense operating environment requiring extensive travel
-A high degree of integrity and strong cultural awareness with an appreciation and sensitivity to diversified cultures.
-Strong commercial acumen and skills in the following areas: interviewing, risk and control awareness, diagnostic and analytical.
-Good interpersonal skills and the ability to interact with a team of people working closely together over extended time periods.
Experiences / The following critical experiences are inherent in the position:
Hip-Pocket Skill
Cross Divisional assignments
International assignment
Corporate Assignment
Functional Competencies / The position involves the following functional competencies:

Basic

Total System Economics
Business Fundamentals
Performance Management & Productivity Improvement
Financial Management and Reporting
Business Risk Assessment and Management
Financial Planning and Forecasting
Accounting & Tax
IT Management /

Intermediate

Financial Process Management /

Mastery

Financial and Operating Control
Leadership Competencies / The position involves a special emphasis on the following PepsiCo leadership imperatives:
Thinking Skills
Communicates Productively
Inspires Trust
Knows the Business

Finance Career Development Framework

Position Profile

Job Title

/ Corporate Auditor
Career Paths /
Typical Feeder Jobs
Financial Reporting Manager (MB)
Internal Auditor
Treasurer (MB)
Asst Controller
SB – Small Size Business
MB – Medium Size Business
LB – Large Size Business /
Likely Next Job: Within Band
/
Likely Next Job: Across Band
Controller (MB/LB)
Assistant Controller (LB)
Internal Audit Manager (MB/LB)
Interaction / The position typically involves the following interactions:
Contact /
Purpose
Audit Manager / Understand assignments and present status updates.
Audit Director /
Presenting business processes and highlighting findings and opportunities for improving the effectiveness or efficiency.
Operating Controller /
Presenting findings and opportunities.
Operating CFO or Line Managers /
Understand AOP and challenges facing the function. Presentation of findings and opportunities. Outlining best practices that may be helpful to the business.
Region Controller /
Presenting risk assessment & identified control risk.
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