Senior Manager, Procurement and Contract Accounting

Job Description

Here at Kraft Heinz, we grow our people to grow our business, because we believe that great people make great companies. When you join our table, you can expect access to an array of holistic wellness benefits* and perks, including medical, dental and vision coverage, 7% 401(k) matching, Business Resource Groups (BRGs) to help foster diversity, inclusion, and belonging for all employees, an industry-leading total rewards package that emphasizes a high discretionary bonus.  *Benefits begin 30 days after hire for hourly employees, and immediately upon hire for salaried employees.    Get a peek into life here at Kraft Heinz through our Instagram and TikTok channels!

Senior Manager, Procurement & Contract Accounting at a glance….

The Senior Manager,  Procurement & Contract Accounting will oversee the accounting for the complete contract lifecycle in the North America Zone (NAZ), including preliminary review of draft agreements, Controllership approvals, and ongoing close monitoring activities subsequent to agreement execution. This individual will have a central role in synthesizing information and "connecting the dots" between disparate sources of information to drive the appropriate accounting conclusions across North America Controllership.

What’s on the menu?

• Perform technical accounting review of all contracts that require North America Controllership approval under Company policy
• Oversee all month-end close activities related to NA Procurement contracts including journal entries, account reconciliations, variance analyses, and ad hoc reporting
• Research and apply accounting guidance and exercise sound judgment in determining the appropriate accounting for vendor rebates, penalties, true-ups, contingencies, and other accruals
• Prepare and review summaries of negotiated commercial terms and accounting conclusions for presentation to Controllership leaders and CFOs
• Serve as point of contact to Controllership and BU stakeholders for US GAAP recognition and financial policy questions arising from vendor contracts in North America
• Monitor and communicate KHC financial policy findings and root causes to procurement leadership
• Act as NA Controllership relationship owner with NA Procurement, Global Procurement Compliance, MAC (Management Action Committee) Facilitators, and NA Procurement Finance
• Manage requests and communication with internal and external auditors related to vendor contracts and relevant SOX controls
• Develop and facilitate formal training sessions with audiences of up to ~250 cross-functional participants
• Periodically review and provide feedback on company-wide financial policies
• Supervise two direct reports and three indirect reports

Recipe for Success – apply now if this sounds like you!

• Bachelor's degree or equivalent in Accounting or Finance; CPA a plus
• A minimum 7 years of relevant management experience, in accounting with mix of general ledger, technical accounting, and audit expertise preferred
• Exceptional written communication skills and ability to simplify complex topics for Leadership, Controllership and non-accountant cross-functional partners
• Unwavering sense of professional skepticism
• Strong knowledge of US GAAP
• Proactively seeks opportunities to continuously improve
• Strong project management and organizational skills
• Technology savvy with demonstrated ability to learn systems and processes quickly
• Familiarity with procurement process and contracts a plus

Our Total Rewards philosophy is to provide a meaningful and flexible spectrum of programs that equitably support our diverse workforce and their families and complement Kraft Heinz’ strategy and values.

New Hire Base Salary Range:

Bonus: This position is eligible for a performance-based bonus as provided by the plan terms and governing documents.

The compensation offered will take into account internal equity and may vary depending on the candidate's geographic region, job-related knowledge, skills, and experience among other factors

Benefits: Coverage for employees (and their eligible dependents) through affordable access to healthcare, protection, and saving for the future, we offer plans tailored to meet you and your family’s needs. Coverage for benefits will be in accordance with the terms and conditions of the applicable plans and associated governing plan documents.

Wellbeing: We offer events, resources, and learning opportunities that inspire a physical, social, emotional, and financial well-being lifestyle for our employees and their families.

You’ll be able to participate in a variety of benefits and wellbeing programs that may vary by role, country, region, union status, and other employment status factors, for example:

• Physical - Medical, Prescription Drug, Dental, Vision, Screenings/Assessments

• Social - Paid Time Off, Company Holidays, Leave of Absence, Flexible Work Arrangements, Recognition, Training

• Emotional – Employee Assistance Program , Wellbeing Programs, Family Support Programs

• Financial – 401k, Life, Accidental Death & Dismemberment, Disability

Location(s)

Kraft Heinz is an Equal Opportunity Employer – Underrepresented Ethnic Minority Groups/Women/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity and other protected classes. In order to ensure reasonable accommodation for protected individuals, applicants that require accommodation in the job application process may contact NAZTAOps@kraftheinz.com for assistance.