Overview
Ensures all M&A transactions the Company enters into globally are properly accounted for in accordance with US GAAP requirements and also assists with any significant accounting and due diligence matters, including structures for acquisitions, divestitures, equity method investments and joint ventures. Responsible for implementation of new US GAAP standards and related project management activities. Coordinating with global Sector Control teams and other Corporate Finance functions to perform extensive analysis of upcoming standards to reach solutions that satisfy US GAAP requirements and are practical to implement.
This is a hybrid role based out of Purchase, NY.
Responsibilities
- Clearly articulate accounting requirements and implications of various proposed structures and terms to M&A team. Understand M&A language and be able to provide input on draft agreements and various internal and external documents
- Provide M&A team accounting guidance and implications on complex elements of proposed structures and deal terms (Control vs Significant Influence, Variable Interest Entities, Revenue Recognition, Put/Call Options, Earn-Outs, Compensation vs Purchase Price, Veto Rights, etc.)
- Be able to explain to senior management the proposed structure and related accounting and reporting implications
- Provide strategic accounting guidance to management, and assist in the evaluation and due diligence involved in acquisitions, divestitures, new products, and other business development opportunities
- Coordinate with external advisors on valuation of businesses acquired, including goodwill, brands, and other intangibles. Be able to share and discuss the valuation with management as well as KPMG
- Coordinate with relevant sector teams on an ongoing basis to keep them involved as well as respond to any queries
- Provide guidance on accounting interpretation and prepare or review white papers/position papers on US GAAP matters with focus on business combinations and new US GAAP exposure drafts and final standards. Ensure appropriate documentation of accounting treatment of complex and highly judgmental areas, including analysis, relevant literature and conclusions. Interact directly with KPMG and external advisors
- Proactively influence accounting standards setting process, evaluating and communicating impact to PepsiCo senior management (through CCR, FEI, etc.)
- Review the impact of new or proposed accounting standards, interpretations or regulations from the FASB, AICPA, PCAOB, EITF, and SEC, and communicate impact to PepsiCo senior management. Develop and implement best practices by leveraging relationships with KPMG, peer companies and other external advisors
- Formulate the roadmap for the adoption of new accounting pronouncements and develop/implement project plan and best practices with a focus on business combinations, consolidations and investments in debt and equity securities. Lead the implementation of the new standards organization wide and prepare detailed white papers to document our assessment and conclusion including required disclosures for external financial reporting
- Oversee Control & Reporting Director in relation to PepsiCo’s Financial Policy Manual, management representation letters and capital appropriations requests
- Oversee Control & Reporting Director on M&A related work
- Oversee Corporate Control Sr. Manager on impairment reviews, Audit Committee meeting materials and reporting of KPMG fees to the Audit Committee
- Lead any other ad hoc projects as needed
Organization and People Development:
- Responsible for a team of 5, with 2 Directors and 1 Sr. Manager as direct reports
- Coach, develop, and mentor associates
- Maintain strong working relationships with Divisions and other finance groups (HFM, Tax, Treasury, Compensation and Benefits, Global Procurement, FP&A, External Auditors, etc.) to ensure effective communication and processes
- Demonstrate external perspective, including contacts with peer companies, Big 4 firms, FEI, etc.
Compensation and Benefits:
- The expected compensation range for this position is between $140,000 to $280,000 based on a full-time schedule
- Location, confirmed job-related skills and experience will be considered in setting actual starting salary
- Bonus based on performance and eligibility; target payout is 30% of annual salary paid out annually and an additional target payout of 15% of annual salary is paid out over 3 years following the end of the performance period.
- Long term incentive equity may be awarded based on eligibility and performance.
- Paid time off subject to eligibility, including paid parental leave, vacation, sick, and bereavement
- Other benefits, subject to elections and eligibility: Medical, Dental, Vision, Disability, Health and Dependent Care Reimbursement Accounts, Employee Assistance Program (EAP), Insurance (Accident, Group Legal, Life), Defined Contribution Retirement and Car Program
Qualifications
Minimum Qualifications:
- Bachelor’s degree in Accounting/Finance
- CPA
- Minimum of 10 years of relevant and progressive work experience
- Expertise in GAAP, Accounting Standards and SEC Reporting
- IT literate (financial systems)
Preferred Qualifications:
- Preferred combination of Big 4 and private experience
- Strong people leader with the ability to lead with integrity and inspire a team
- Ability to develop long-term and short-term goals for teams which align to company strategy
- Effectively manage functionally integrated financial processes
- Strong verbal and written communication skills – ability to effectively interact with and influence individuals in different disciplines and at different levels
- Ability to present/communicate to senior management cross-divisionally
- Generate insightful and significant business analysis
- Strong analytical and problem-solving skills, as well as strong decision-making skills
#LI-HYBRID
>
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status.
PepsiCo is an Equal Opportunity Employer: Female / Minority / Disability / Protected Veteran / Sexual Orientation / Gender Identity
If you’d like more information about your EEO rights as an applicant under the law, please download the available EEO is the Law & EEO is the Law Supplement documents. View PepsiCo EEO Policy.
Please view our Pay Transparency Statement