Company Overview
FoodChain ID was founded in 1996 as Genetic ID, a pioneer of the GMO food identification industry, now embraced worldwide. Globally, the company employs 750 people and is rapidly expanding.
Their technical and business services rapidly expanded to serve clean label, food safety, and sustainability claims through various verification, certification offerings, and a robust suite of testing/business services that expedite food and agricultural exports. The company is at the vanguard of the New Food industry, providing expertise worldwide to navigate the requirements of an increasingly regulated food economy and technical services to support the demand for clean label standards.
FoodChain ID assists food, feed, and agricultural companies, from the world’s leading brands to single local product producers and is at the forefront of the visibility and transparency revolution. They provide the knowledge, technologies, and tools necessary to meet the growing demand for higher transparency, accountability, safety, and sustainability. More than 30,000 companies in over 100 countries rely on their industry-leading solutions. They annually certify more than 3 million metric tons of agricultural products for social and environmental responsibility to the ProTerra standard while guiding export to all major markets.
Berkshire Partners acquired the company in December 2020. Berkshire Partners, a Boston-based investment firm, has made more than 130 private equity investments since its founding over 30 years ago. Berkshire Private Equity has developed sector experience in business services & technology, communications, consumer, healthcare, and industrials. The
FoodChain ID was founded in 1996 as Genetic ID, a pioneer of the GMO food identification industry, now embraced worldwide. Globally, the company employs 750 people and is rapidly expanding.
Their technical and business services rapidly expanded to serve clean label, food safety, and sustainability claims through various verification, certification offerings, and a robust suite of testing/business services that expedite food and agricultural exports. The company is at the vanguard of the New Food industry, providing expertise worldwide to navigate the requirements of an increasingly regulated food economy and technical services to support the demand for clean label standards.
FoodChain ID assists food, feed, and agricultural companies, from the world’s leading brands to single local product producers and is at the forefront of the visibility and transparency revolution. They provide the knowledge, technologies, and tools necessary to meet the growing demand for higher transparency, accountability, safety, and sustainability. More than 30,000 companies in over 100 countries rely on their industry-leading solutions. They annually certify more than 3 million metric tons of agricultural products for social and environmental responsibility to the ProTerra standard while guiding export to all major markets.
Berkshire Partners acquired the company in December 2020. Berkshire Partners, a Boston-based investment firm, has made more than 130 private equity investments since its founding over 30 years ago. Berkshire Private Equity has developed sector experience in business services & technology, communications, consumer, healthcare, and industrials. The firm has a strong history of partnering with management teams to grow the companies in which it invests.
Overview
FoodChain ID is seeking an “Senior Accounting Manager” to support subsidiaries of a growing and fast-paced Private-Equity backed business with operations across The Americas, Europe and Asia. The role will report into the Finance Director Europe/Asia located in Italy. Primary responsibilities include the oversight of FoodChain ID’s subsidiaries in Europe and Asia.
Responsibilities
- Coordinate and oversee the accounting activities carried forward on multiple entities operating across Europe and Asia to prepare monthly closure, GL accounts reconciliations/reclasses, IC reconciliations, AR/AP details, bank details, dividend payments and other cash transfer across the Group;
- Coordinate and oversee the tax matters related to the entities operating across Europe and Asia partnering with Global Tax function in US. Tax matters are mainly related to current income taxes, DTA/DTL, VAT, WHT, R&D deductions opportunities etc;
- Manage and oversee the daily operations of the Italian Accounting Department including monthly closure, accounts payable/receivable, general ledger, reconciliations, taxes;
- Manage Preparation of monthly accrual for the Italian entity of the Group and related supporting documentation;
- Support to Global Finance function in implementing new accounting principles/tools;
- Support to Global Finance function in building processes to increase efficiency (Lead to cash – Purchase to Pay);
- Support to Global Finance function in automatizing the internal flow (from paper to shared folders);
- Coordinate and oversee the integration of new acquired companies in Europe and Asia under an accounting and tax perspective. Support in the implementation process of Group ERP system and in the preparation of the Purchase Price Accounting;
- Deal with advisor (accounting, tax, auditors) and provide document to complete statutory, vat and income tax declaration.
Core competencies / requirements
- Proven knowledge of bookkeeping and accounting principles, practices, standards, laws and regulations with ideally strong experience with IFRS or US GAAP
- Experience of minimum 4 years in Audit (preferably Big 4 or tier 2 audit firms)
- Experience of minimum 2 years in a multinational group preferred
- Knowledge of Microsoft package (Excel) and experience with Cloud accounting software (ideally Oracle Netsuite)
- Ability to work in an international, fast paced and change driven environment
- Ability to manage an heterogenous team, composed by many individuals, with different competences and backgrounds
- Proactivity, high attention to detail and accuracy
- Place of work is Bologna with need to work from office on a daily basis
- Language: Italian and fluent English