Control & Reporting Global Derivatives Director
About the position PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $91 billion in net revenue in 2024, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with PepsiCo Positive (pep+). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com. This role is responsible for overseeing PepsiCo's global accounting for derivatives, including compliance with the derivative guidance, overseeing the derivative center of excellence that works with Treasury and segment control teams for entries to be recorded each period, 10-Q/K disclosures and sign-off on associated internal controls. You will work closely with Treasury for any new initiatives and/or financial derivatives and changes being contemplated to provide accounting and financial reporting impacts. You will also provide technical guidance on all projects/transactions related to derivatives (including transactions of the segments/corporate functions, not just those accounted by the derivatives COE team) to ensure compliance with derivative accounting guidance. In addition, you will support debt issuances and corresponding disclosures, SEC filings and comfort letters. This is a hybrid role based in our Purchase, NY office with a requirement to be in office a minimum of 3 days per week.
Responsibilities
- Provide technical accounting guidance related to derivatives, covering all segments and corporate functions
- Research technical guidance and align with external auditor
- Oversee derivative COE team and ensure they deliver on their responsibilities
- Lead automation and process efficiency of derivative COE team process
- Responsible for Financial Instruments and Debt footnote in the 10-Q/K
- Review board presentations on derivatives topic
- Responsible for control review of debt issuances
Requirements
- Bachelor's degree in Accounting and U.S. CPA
- 10+ years relevant financial accounting/reporting experience
- Thorough understanding of U.S. GAAP
- This position is limited to persons with indefinite right to work in the United States
Nice-to-haves
- Public accounting experience with Big 4 firm strongly preferred
- Strong managerial or leadership skills
- Excellent verbal and written communication skills
- Ability to interact with segment control and other Corporate functional teams
- Good analytical and problem solving skills
- Thrives in fast-paced environment
Benefits
- Bonus based on performance and eligibility target payout is 25% of annual salary paid out annually.
- And an additional target payout of 10% of annual salary is paid out over 3 years following the end of the performance period.
- Long term incentive equity may be awarded based on eligibility and performance.
- Paid time off subject to eligibility, including paid parental leave, vacation, sick, and bereavement.
- Medical, Dental, Vision, Disability, Health, and Dependent Care Reimbursement Accounts, Employee Assistance Program (EAP), Insurance (Accident, Group Legal, Life), Defined Contribution Retirement Plan.
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