VACANCY DETAILS :-
Thorough, accurate, relevant and timely analysis of costs to assist in business decision making
Ensure that adequate internal control processes are in place in relation to Inventory and Fixed Assets
Participate in business activities to understand the drivers of cost at all levels
Raise ‘Red flags’ to Manager and Management team wherever potential risk is seen and controls are weakened.
Support business in digitalization initiative of the company.
Primary Responsibilities
Product cost maintenance and control
Maintain accurate standard costs in ERP system through regular cost roll up and monitoring
Have adequate control on the changes in costs from period to period through a good tracking mechanism
Prevent surprises in cost roll up by taking preventive actions before hand – be in control of the product costs
Product cost reporting and analysis
Prepare, analyze and explain the cost report which tracks the cost reduction program of a representative basket of products
Prepare and explain the “Cost Bridge” report which analyses the movement of product costs, at the Plant level, between two accounting periods separately giving exchange rate and price escalation impact.
Publish the Gross profit report.
Inventory valuation and control
Ensure quantity and value accuracy by maintaining and executing a strong checklist
Regular review of Obsolescence provision, ensure adequate provision, drive root cause analysis of obsolescence and scrapping
Monitor the annual stock count process and results, with objective of ensuring completeness, adequate recording and cut-offs, approvals and posting. Drive root cause analysis of the results.
Tracking and control of backflush transactions to ensure completeness and correctness of consumption
Review and analysis of aged Production Orders and driving actions for closure
Maintain close tracking of stock with sub-contractors and getting them reconciled periodically
Dealing with Internal and Statutory Auditors for Inventory related audit, queries and explanations
Reporting and analysis of all Inventory related KPIs
Transfer Pricing
Understand the group transfer pricing policy and define and review transfer prices for all inter-company sales
Understand transfer pricing regulations under Income Tax Act and highlight and get resolved any inconsistencies
Fixed Assets – accounting and control
Ensure robust system for proper recording, accounting and classification of all assets
Review and approve the Fixed Assets Register every month
Organize a Physical verification of all Fixed Assets at defined periodicity
Ensure all assets with vendors are properly controlled, that we have certificates from them and they are verified as defined periodicity
Take proactive actions on assets not in use/not available and safeguard income statement.
Process improvement for asset tracking and scrapping.
ERP System and processes
Regularly review all Material accounting and other processes in ERP from a control and efficiency perspective and identify processes for improvement / automation
Work on new projects that will bring process improvement
Prepare SOP for ERP process
Digitalization
Key owner for digitalization initiative at Plant.
Automate the Inventory reports
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