Costing Analyst

Position Snapshot

Location : Chembong, Negeri Sembilan

Company : Nestlé Malaysia

Full-time

Bachelor’s Degree

3+ years of experience

Position Summary

Joining Nestlé means you are joining the largest Food and Beverage Company in the world. At our very core, we are a human environment – passionate people driven by the purpose of enhancing the quality of life and contributing to a healthier future. A Nestle career empowers you to make an impact locally and globally, as you are provided with the opportunity to make a mark and stand out, as long as you seek it. With Nestle, you are enabled and encouraged to grow not only as professionals, but also as people.

A day in the life of…

• Make or Buy decision
• Coordinate with Financial Controllers for a thorough make or buy assessment, to ensure that the most cost efficient decision is made, while supporting business growth and profitability.
• Competitive Bidding
• Evaluate and validate the offer from co-man / co-filler / co-packer to ensure that it is competitive, working together with GP + Legal + Co-Man team
• Review tolling fee and validate increases (if applicable) to ensure that they are properly justified
• Review material losses clause to ensure it is aligned with direction / target that is expected of a Nestlé MYSG factory
• Review the reasonableness of any other clauses in the agreement pertaining to cost (e.g. financial component, warehouse storage fee, machine rental, etc.)
• Review and validate ad hoc claims / expenses from co-man / co-filler / co-pack where applicable, to ensure accuracy and validity of claims / expenses
• Source to Pay
• PR / PO to co-man / co-filler / co-packer raised and approved on timely basis to avoid supply interruption
• PR / PO to co-man / co-filler / co-packer for additional ad hoc expenses, where applicable (e.g. OT for additional run requested by Nestlé, analysis cost agreed to be borne by Nestlé, etc.)
• Blocked / parked invoices related to co-man / co-filler / co-packer to avoid service interruption
• Claims / Rebate
• Ensure any claims / rebate due from co-man / co-filler / co-packer are billed / raised timely
• Follow-up with co-man / co-filler / co-packer to ensure timely payment
• Variances
• Monitor performance of weekly material usage variances for co-man / co-filler / co-packer
• Work with co-man / co-filler / co-packer to investigate root cause of any positive / significant negative variances, and define action plans
• Challenge co-man / co-filler / co-packer for continuous improvement on variances
• Ensure stock count are being conducted on a monthly basis and all material variances are properly investigated
• Cost savings project
• Work with co-man / co-filler / co-packer to identify opportunities for material variances
• Identify opportunities for tolling fee reduction, with increase in volume, increase efficiency on the line, labor optimization, etc.
• Audit / Compliance
• Monitor processes and practices in co-man / co-filler / co-packer to ensure that they are complying with Nestlé requirements and clauses stipulated in the agreement, e.g. insurance coverage for stock, storage condition in warehouse, Halal certified, etc.
• Coordinator for Nestlé Internal Audit with co-man / co-filler / co-packer

What Will Make You Successful

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