BU VIC Price PPM – Job Opportunity at AB InBev

Job Type: Full-time

About AB InBev

At AB InBev, dreaming big is in our DNA. We are constantly pushing boundaries, innovating, and striving to create a future where we meet life’s moments in new and exciting ways. Our culture is built on passion, talent, and curiosity, and we empower our employees with the resources, teammates, and opportunities to reach their full potential.

Are you ready to be part of a dynamic team that thinks big and acts even bigger? If so, we have an exciting opportunity for you!

About the Role

We are looking for a highly motivated and organized professional to join our team as a BU Procurement Strategy & Performance Manager. In this role, you will collaborate with Plant S&Ps, Procurement Category Managers, Country Procurement Managers, and the Zone S&P team to ensure efficient price variance management and procurement processes.

You will report directly to the S&P VIC Manager and play a key role in procurement strategy, financial reporting, and supplier coordination.

Key Responsibilities

Price Variance & Procurement Management

• Prepare and analyze Price Variance (PV) reports for the Business Unit.
• Investigate and resolve price variance discrepancies.
• Support savings initiatives related to price variance reduction.
• Manage procurement VIC accruals and reversals.
• Track and monitor one-off procurement expenses.
• Facilitate supplier reconciliations, including FX and commodity rate confirmations.
• Conduct weekly and monthly PV reviews, implementing corrective actions as needed.
• Provide commentary and insights on price variances to Category Managers and Country Procurement Managers.
• Reconcile COGNOS price data for VIC pricing accuracy.

Financial Reporting & Compliance

• Ensure accuracy and completeness of monthly VIC RAU, Pack, and S&P T&M decks.
• Manage Finished Goods FX & excise data within CTRM.
• Oversee end-to-end Finished Goods management.
• Support WAPT & Payables alignment.
• Prepare and populate the MAP report.
• Execute pre-closing routines to align with month-end expectations.

CTRM Management & Forecasting

• Ensure forecast accuracy for consumption volumes in collaboration with the planning team.
• Maintain correct conversion factors between materials and commodities.
• Validate and manage accuracy of actual and forecasted consumption volumes in the LE tool and CTRM.

FX Exposure & Mark-Up Management

• Ensure accuracy of FX exposure, currency timing, and forecasting.
• Conduct FX reviews with Treasury.
• Validate BU mark-ups and reconcile discrepancies with Control & MUBEX.

Annual Budgeting & Planning

• Load the bottom-up budget into ERP systems.
• Support budget accuracy verification and adherence to 1-Year Plan (1YP).
• Align historical prices, unit of measure (UoM), and volume forecasts.
• Manage budgeting timelines and reconciliation processes.

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Minimum Qualifications & Experience

Education:

• Bachelor’s degree in Accounting, Business, Economics, Engineering, or a related field.
• MBA, CIMA, or CA (SA) qualifications are an added advantage.

Experience:

• At least 3 years of experience in finance, preferably within a manufacturing environment.
• Strong knowledge of product costing and financial reporting.
• Experience in general accounting and financial consolidation.
• Skilled in project management, problem assessment, and process optimization.
• Familiarity with ERP systems and working in a process-driven organization.

Technical Competencies:

• Proficiency in MS Office (Excel, PowerPoint, etc.).
• Experience with financial consolidation & reporting tools (Cognos, TM1, BI).
• Working knowledge of ERP systems like SAP and SYSPRO.

Additional Information

• Band: VII
• AB InBev is an equal opportunity employer, and all hiring decisions will be made in alignment with our employment equity plan and talent requirements.

How to Apply

To apply for this full-time position, please submit your application via the link provided below.

🚀 Join AB InBev and be part of a team that dreams big and delivers even bigger!