Specialist, IC COE

Location: Hershey, PA

Payband: 1A

Department: Hershey Business Platform (HBP)

Summary of Role:

The Intercompany (IC) COE Specialist reports to the Sr Mgr. Intercompany COE and supports the Hershey Business Platform’s mission to leverage resources on a global scale using shared services to reduce costs, maintain or increase customer service, and build new capabilities.

This position is primarily responsible for supporting the end-to-end global intercompany accounting, reporting and related systems, executing month-end intercompany accounting and reporting procedures, serving as subject matter expert for global intercompany accounting, and various tasks and procedures in the areas of intercompany accounting and reporting; transfer pricing condition data maintenance; and others.

Specific responsibilities include, but are not limited to:

·         Perform intercompany journal entries as per Company policy.

·         Create, as needed, documentation of intercompany processes and ensure documentation is current.

·         Generate internal and external reporting for intercompany.

·         Complete intercompany balance sheet account reconciliations as assigned according to the Company policies and deadlines.

·         Perform, meet, and respond to Sarbanes-Oxley and both internal and external audit requirements and requests, as necessary.

·         Create cash application reconciliations for intercompany payments.

·         Participate in the implementation of and ongoing use of Blackline Intercompany Hub to address transaction management, dispute resolution, and consistency in calculations.

·         Responding to team requests.

·         Develop strong and collaborative working relationships with relevant business stakeholders.

·         Maintain intercompany transfer pricing master data conditions.

·         Track the completion of product movements from end to end by communicating with supply planning, customer service, transportation, global trade, accounts receivable, accounts payable, and treasury.

·         Identify and lead the correction of product movements that have overages, shortages, or damages while working with the warehouses to gather appropriate support

Role Responsibilities:

Perform Global Intercompany COE responsibilities, including:

·         Adhere to global intercompany governance structure, policies, and procedures.

·         Track and ensure completion of end-to-end product movement between Hershey entities.

• Perform maintenance of intercompany transfer pricing master data
• Execute internal and external reporting for intercompany requests.
• Complete intercompany reconciliations
• Support IC month-end close.
• Post intercompany journal entries

Serve as global intercompany contact and subject matter expert and support company projects, as well as:

·         Participating in the Blackline Intercompany Hub implementation

·         Leverage technology, such as Blackline Intercompany Hub, Group Reporting, SAP ARP

·         Help maintain a central repository of intercompany agreements

Perform various intercompany activities, including:

• Address the requests of internal and external auditors, including SOX.
• Understand and keep abreast of advances and improvements in Blackline technology and the IC associated process by interacting with peer companies and user forums

Desired knowledge, skills, and abilities:

·         Advanced Excel spreadsheet analysis capabilities

·         Detailed understanding of accounting principles

·         Problem solving and the ability to exercise good business judgment in a fast-paced working environment.

·         Highly effective written and oral communication skills

·         Strong ability to foster relationships with a diverse group of peers, customers, and suppliers.

·         Flexible and willing to adjust to a changing workload to ensure timely results.

·         Effective self-direction and motivation, and the ability to manage multiple projects concurrently.

·         Excellent general computer skills, all components of Microsoft Office, and a thorough understanding of internet browser applications and internet search skills

·         Excellent skills in using relevant SAP functionality and Blackline software.

·         Knowledge of financial accounting and internal control concepts

·         Demonstrate ability to understand and align international accounting activities with global process standardization objectives.

Minimum Education and Experience Requirements: 

·         Education –

o    Bachelor’s degree in Accounting or related field or equivalent experience

o    Master of Business Administration preferred.

·         Certified Public Accountant or equivalent certification preferred Experience –

o    2+ years intercompany experience

o    5+ years of accounting experience

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