Financial Closure: Ensuring all Material Movements are accounted to execute the costing run in order to ensure the Costing and Inventory Valuation from SAP; Review of Shop Floor Stock, Stock in Transit, Review of pending GRN provisions, pending STO’s, WIP orders . Valuation of COGS cut-off Stocks, NRV, Inventory Provisioing , Profit elimination and Circulation of Costing MIS, align with front-end teams and resolve the queries from front-end planners.
Product Cost Trend: Preparation of product costs for Mfg plants/LL plants & TP products, deeper analysis on month on month cost variances
Ledger Material Consumption (LMC vs TMC) - Reconciliation with Theoretical material consumption
Quarterly AR’s: Gross margin preparation, quarter on quarter gross margin movement analysis, Quarter on quarter analysis of product Cost variances and analysis OVC variance. Co-ordinating with central CPT team to complete the activity as per timelines
Sox Audits/Internal audits/Statutory audits: As a coordinator in SOX Documentation and Audit for Inventory and Production Process in order to ensure that there are no control lapses and failures, coordinating with Statutory Audit on Quarterly/Yearly Closure relating to Inventory and Production in to order to ensure compliance and no lapses.
Analysis of Other Variable costs: Regular review of issue of materials to cost center, identify the abnormal transactions and review of exhibit batches Costing
Costing MIS circulation – Material cost Allocation to Frontend BU’s thru BPC
Profit Elimination - for Stocks at Subsidiary
Cost Audit: Coordinating with Cost auditor, responsible for end-to-end cost audit, ensure that completion of cost audit within the timelines.
NRV - Calculation and validation of NRV rates to maintain the Inventory at Cost or NRV whichever is lower
Cut off inventory - Review and validation of Cut off inventory
Support to various initiatives and Activities: simplification of BPC MIS circulation, Automation of Manual workings etc.,
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