Process Analyst - Accounts Payable & Receivable

Job Location: ​Luxembourg​

Company description

Ferrero is a family-owned company with a truly progressive and global outlook and iconic brands such as Nutella®, Tic Tac®, Ferrero Rocher®, Raffaello®, Kinder Bueno® and Kinder Surprise®. As the love for our brands continues to grow, so too does our global reach. Represented in more than 50 countries, with products sold in more than 170, the Ferrero Group is loved by generations around the world. The secret to our global success? 38,767  dedicated employees who celebrate care and quality to craft a business, careers and brands we are proud of. Join us, and you could be one of them.

Diversity Statement

Ferrero is committed to building a diverse and inclusive culture in which all employees feel welcomed and appreciated and have the same opportunities. We believe all of our people are equally talented in their own way. In nurturing the curiosity and natural abilities of our employees, we provide them, generation after generation, the means to succeed personally and professionally, enabling them to craft their journey at Ferrero. The diversity of our talents is what makes our work environment multicultural, innovative and highly rewarding.

About the Role:

For our Ferrero HQs in Luxembourg, we are currently looking for Accounts Payable & Receivable Analyst within the Finance team, who will be reporting to the Accounts Payable and Receivable Lead.

Main Responsibilities:

Join our team in a role supporting Accounts Payable and Receivable operations. Working closely with our Business Process Outsourcer, your primary responsibility is to ensure the precise execution of accounting procedures within established deadlines and protocols. This includes monitoring monthly reconciliations and end-to-end processes to ensure flawless execution. 

Your role involves close tracking and analyzing KPIs related to Accounts Payable and Receivable. You'll monitor elements like invoices pending receipt, credit note processing, invoice error rates, advanced payment management and unapplied cash monitoring. You're also central to transitory account reconciliations and providing essential support during month-end closing procedures. 

Investigating invoice discrepancies is another vital aspect of your role. You'll identify root causes, implement corrective actions promptly and ensure effective follow-up. Timely responses to inquiries regarding payment details and invoice statuses, both internally and externally, are part of your routine. 
Communication is key and you'll maintain clear and updated dialogues with our Procurement Functions to ensure their understanding of accounting policies and procedures. Collaborating with various teams, including IT, Procurement, Internal Audit, Controlling and Legal, you'll analyze current business processes, seeking opportunities for improvement and streamlining. 

Finally, you'll play an instrumental role in supporting the year-end audit process, ensuring the collection of relevant documentation and seamless collaboration with external auditors for a precise and timely year-end closing and reporting. 

Who we are looking for:

If you have a Bachelor's degree in Accounting, Finance or Business and 2 to 5 years of accounting experience, you're the candidate we're seeking. We value your proactive, analytical mindset and excellent communication, teamwork, problem-solving and organizational skills. You should also have a solid understanding of generally accepted accounting principles. 

In this role, you'll interact with various teams, including Leadership, Operations, Business Process Outsourcing, Governance Risk & Compliance, Group Financial Standards, IT and Procurement. Proficiency in SAP, MS-Office applications (especially Excel) and Power BI is important.

You have a good command of English (spoken and written) and knowledge of Italian and French would be a plus. 

Highly results driven and self-motivated, you'll be a valuable team player who contributes to our ongoing success and your own career growth. Join our team, where your proactive approach and analytical skills will be key as you navigate your journey towards success.

How to be successful in the role and at Ferrero:

Consumers, quality and care are at the heart of everything we do. So, to be successful at Ferrero, you’ll need to be just as consumer and product centric as we are - dedicated to crafting brilliant results for consumers around the world. 

Strong analytical mind, attention to details on one hand, and ability to cooperate with employees at all levels and great organisational skills on the other, would be key to success.  Employee contribution and engagement at Ferrero is based on the individual, team and organisation dimension, so you should have the ability to work independently, as a part of the team and build good relations with stakeholders at all levels.  Being flexible and dealing with a dynamic working environment as well as the ability to embed new knowledge and skills in existing competencies will definitely help you to become high performer here.