**Job Description :** **FP&A Analyst (COGS)** **About Diageo** At Diageo, we’re more than just a global leader in beverage alcohol—we’re a dynamic and vibrant company where passion, innovation, and legacy come together to create something extraordinary. Born from the rich heritage of legendary brands that have been celebrated for generations, Diageo has become a global powerhouse in the beverage alcohol industry. With iconic names like Johnnie Walker, Guinness, Tanqueray, Smirnoff, and Baileys—each with its own storied legacy—we are proud to be part of moments that people cherish in over 180 countries around the world. Our purpose, **_Celebrating life, every day, everywhere_** , is at the heart of everything we do. We believe in creating moments of connection and joy, turning everyday experiences into unforgettable memories. Whether it’s a toast among friends or a celebration of life’s achievements, our brands are crafted to make every occasion special. At Diageo, we’re not just about products—we’re about people. We are committed to building a culture where you can thrive, grow, and make a real impact. We champion diversity, sustainability, and responsible business practices, ensuring that we contribute positively to society while also supporting your personal and professional growth. If you’re looking for a place where you can shape the future, unleash your potential, and be part of a distributed team dedicated to excellence, Diageo is the place for you. Join us, and let’s create extraordinary together. **About the Job** **Purpose & Overall Relevance for the Organization** Diageo's Shared Service Center plays a crucial role in supporting Diageo’s Latin American markets by delivering high-quality financial, operational, and analytical services. By implementing efficient processes and fostering a culture of continuous improvement, our function ensures that markets benefit from streamlined operations and enhanced business insights. This empowers local teams to make informed decisions, driving growth and efficiency. As a center of excellence, it acts as a true business partner, collaborating closely with markets to achieve strategic objectives. Financial Planning and Analysis (FP&A) is integral to the business operating rhythm, providing insightful data and analysis to drive the long-term sustainable performance of Diageo. A dynamic and integral force within our organization dedicated to driving financial excellence and strategic decision making. Our team plays a pivotal role in shaping the financial future of the company, ensuring that every decision aligns with our overarching business objectives. **The COGS Analyst plays a crucial role within the Financial Planning and Analysis (FP&A) team, focusing on the monitoring, analysis, and evaluation of the Cost of Goods Sold (COGS) for Diageo demand companies. This position aims to provide accurate and reliable insights into COGS spending and to forecast movements based on underlying assumptions, while identifying risks and opportunities to maintain alignment with the Annual Operating Plan (AOP).** **Key Responsibilities** + Perform in-depth analysis of demand COGS, which includes supply costs (e.g., distilling, bottling, packaging) and distribution costs (warehousing, freight) incurred during product sales. + Continuously monitor COGS values to ensure accurate reporting and timely identification of variances against forecasts and budgets. + Develop reliable forecasts for COGS based on historical data, market trends, and operational insights, while assessing potential risks and opportunities. + Work closely with cross-functional teams, including supply chain, operations, and finance, to capture relevant data and insights vital for comprehensive COGS analysis. + Assist in identifying cost-saving opportunities within the COGS structure and support initiatives to optimize overall production and distribution costs. + Continuously seek ways to enhance the efficiency and effectiveness of COGS analysis processes, ensuring alignment with standard methodologies and organizational objectives. **Key Performance Indicators** + Forecast Accuracy: Keep control over monthly accuracy of financial forecasts against actual performance, aiming for 97% accuracy. + Reporting Timeliness and Quality: Ensure timely submission of financial reports and forecasts, meeting all deadlines set within the financial cycle while maintaining high data quality. + Variance Analysis: Analyze and explain variances between actual COGS and forecasts, ensuring that collaborators understand the reasons for discrepancies. + Control compliance: Regularly review and monitor compliance with established controls related to the COGS process to prevent failures and ensure accurate financial reporting. **Key Relationships** + Supply Team + Finance Director + Cross-Functional Teams: Financial controller, Taxes, Supplier Experience + Regional team: Customer service and logistics, productivity + Global Teams: Supply finance, ICO pricing, RTR team + FP&A Team members **The Power Skills You Bring** + Planning and forecasting + Understand the impact of the accounting process and practice. + Creative thinking + Analytical thinking + Understanding and knowledge of relevant finance tools and systems. + Data literacy + Detail--oriented, analytical, proactive, and can work under pressure with minimum supervision. + Communication and storytelling + Curiosity and lifelong learning + Motivation and self-awareness **Requirements** + Education: Degree educated and part qualified - studying for a professional financial qualification. + Experience: 2 or more years proved experience in a global FMCG or similar dynamic operating environment.  + Language: English Professional working proficiency **Worker Type :** Regular **Primary Location:** Bogota - EOB **Additional Locations :** Caracas **Job Posting Start Date :** 2024-12-18 With over 200 brands sold in more than 180 countries, we’re the world’s leading premium drinks company. Every day, over 30,000 talented people come together at Diageo to create the magic behind our much-loved brands. From iconic names to innovative newcomers – the brands we’re building are rooted in culture and local communities. Our ambition is to be one of the best performing, most trusted and most respected consumer products companies in the world. Our founders, such as Arthur Guinness, John Walker, and Charles Tanqueray, were visionary entrepreneurs whose brilliant minds helped shape the alcohol industry. And through our people, their legacy lives on. Join us, and you’ll collaborate with talented people from all corners of the world. Together, you’ll innovate and push boundaries, shaping a more inclusive and sustainable future that we can all be proud of. With diversity at our core, we celebrate our people's unique passions, commitments and specialist skills. Because when varied voices, mindsets, and personalities come together, great ideas are born. In our supportive culture, your voice will be heard and you’ll be empowered to be you. Just bring your ambition, curiosity and ideas, and we’ll celebrate your work and help you reach your fullest potential. **DRINKiQ** What's your DRINKiQ? Take our quiz to understand how alcohol is made and explore the effects of drinking. You can discover everything you need to know at DRINKiQ (https://www.drinkiq.com/en-gb/)