EXPERIENCE - 3 To 5 Years
1. Product Costing (PC) and Inventory Valuation
a. Responsible for qualitative and timely delivery of Management accounting related activities on monthly basis which includes Gross Profit Analysis and Material Movement statement
b. Plan and align with business functions for physical count of inventory as per decided Physical count schedule on quarterly / yearly basis
c. Ensure proper provisioning of excess/ shortages identified during Physical count
d. Proactively initiate digitalization to move efforts from data collection to data analysis for accounting function
e. Need based visit to production plants and warehouses to have updates on production and business processes
f. Ensure proper Inventory provisioning as per the defined policies and exceptional cases in coordination with Supply chain/ Logistics colleagues
g. Manual Actualisation of seeds inventory to reflect the correct valuation of Inventory and COGS in Financials for Local reporting
2. Service accounting
a. Archiving and ensuring all service invoices raised by SA operations Manila are signed by authorized signatories and kept as physical records
b. Partnering in specialised adhoc support and project support in the area of service accounting
3. Country Specific Responsibilities
a. Cost Audit
- Preparation of Statement presenting information on production, sales, capacity utilization,indirect tax reconciliation, ratio analysis and product wise cost sheet at HSN Harmonized system of Nomenclature) and SKU level which are covered under cost audit and get it audited and ensure completion of Cost Audit within 180 days from financial year end.
- Ensure checking and submission of the audited report in XBRL format (eXtensible Business Reporting Language) format to Ministry of Corporate Affairs (MCA – Central Government) within 30 days of Cost audit records adopted by the board .
b. Annual HB-I Statutory Audit and Limited Review:
Review and preparation for schedules to ensure accurate and correct valuation of Inventory and COGS in specific and not restricted to:
- Posting of all adjustment entries for Inventory and COGS
- Detailed Inventory variation analysis
- Gross Profit Margin analysis
- GIT (Goods-in-transit) schedule
- Inventory Provision schedule
- Co-ordination with auditor and resolving queries.
c. Timely provide relevant information for the Tax audit related to inventory quantitative movement, support for tax assessments and provide information arising from changes in Local Statutes, BMA Guidelines, SAP environment, etc.
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