Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance leadership to achieve profitable growth and help deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates manufacturing sites in 31 countries and employs approximately 37,800 people. Dow delivered sales of approximately $57 billion in 2022.
VACANCY DETAILS :-
POST NAME - Cost Accountant
QUALIFICATION - CA/CMA
EXPERIENCE - 3 To 5 Years
LOCATION - Mumbai
JOB DESCRIPTION :-
As an Associate Accounting Specialist/ Supply chain Cost Accountant, You will be responsible for providing consistent superior cost accounting support Services and reporting to stakeholders. In this role, you will ensure accounting activity recorded within the Company’s records and books are accurate and complete. You will be responsible for Cost center expenses, Cost center budgeting, reporting, analyzing, and communicating functional/business activity results. You will also assist the function/business management teams in financial analysis necessary for decision-making using in-depth conceptual and practical knowledge in accounting and basic knowledge of related finance disciplines.
Responsibilities:
- Review of cost center spending to ensure accuracy and understand cost drivers.
- Review variances in spending vs budget and comparison periods and analyze root causes.
- Meet with functional leaders to explain cost center spending and convey opportunities for cost savings.
- Satisfy various reporting requests and analysis for function.
- Challenge second level leaders on spending
- Liaise between functional leaders and finance function.
- Record and monitor certain accounting entries during the monthly closing.
- Facilitate the inter-company re-billing process.
- Facilitate SOX compliance for Cost Accounting activities.
- Execute cost center allocations & recharges and analyze cost center recoveries & residuals.
- Cost center budgeting
- Provide audit Support for internal & external cost accounting related audits.
- Product cost Estimate (PCE)-Ensure correct standard cost by resolving costing error and investigate/resolve variances (Monthly & Quarterly)
- Inventory management via cycle counting and stock take observations
- Ensure Inventory valuation accuracy in different books like management books, tax books, statutory books and as per lower of cost or market value principle
- Responsible for correctness of cost of sales
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