Job Purpose :
This position is to manage the inventory and costing related activities to ensure effective inventory controls are in place and processes are compatible with finance accounting & reporting
The role will prepare management reports and templates for reporting to India relevant to the area of responsibilities covered
Job Scope and Key Responsibilities :
Costing
- Review bills of material in SAP and ensure align with production requirements
- Set up and maintain accurate standard costing and any setups in SAP
- Perform roll up and release of standard cost on a yearly basis, new materials or when there are significant changes to costs
- Perform cost analysis on production orders / batches and investigate cost variances
- Perform analysis on production yields and efficiency
- Prepare gross margin analysis by product portfolio
- Review landed cost calculation on all imported materials and products
- Prepare forecast costs based on senior management requests
Inventory
Review monthly inventory transactions and analyse whether transactions are aligned with business requirements i.e. identifying any excessive usage or abnormalities.Review spare parts management with engineering team to ensure critical and optimum level of spare parts inventory is maintainEnsure inventory valuation are aligned to Biocon group and accounting standardsLead in the annual or ad-hoc physical inventory count processContinuous improvements
Identify opportunities and make constructive suggestions to improve the process e.g. improve inventory & costing system report in SAP, working capital days improvementInvolve in Six Sigma yellow & green belt project for cost efficiency and production improvements including tracking of savingsIdentify any savings opportunities in product costing and inventory managementLead in activity-based costing projectMIS
Prepare management reports and templates for group reporting and site management presentationMeet deadline for various internal and external management for inventory and costing reportingOthers
Liaise with internal audit / external audit on costing and inventoryEnsure timely month-end and year end close including completion of statutory auditsAssists in annual budgeting or forecasting processCo-ordinate the setting up of any new plant, cost centre etc that is required in SAPPrepare the transfer price for intercompany transactionsSupport the finance team on other statutory requirement e.g. collation of information for tax submission or ad-hoc projectsTechnical / Functional Skills (Must have) :
In depth knowledge of costing and inventory managementStrong accounting knowledgeGood knowledge of SAP systemTechnical / Functional Skills (Nice to have) :
Worked in other MNC environmentWilling to learn new skillsBehavioral / Management / Other Skills :
Good interpersonal skillsFluent English communicationAble to shift gears, adapt quickly and be flexibleStrong analytical and problem-solving skillsReady to take on new challengesFamiliar with Microsoft Office applications especially MS Excel and MS PowerpointAdvanced knowledge in MS ExcelIndependent worker and team playerEducational Qualification / Skills Certification :
Degree in Accounting or equivalentProfessional accountancy qualification e.g. CIMA, ACCA etcWork Experience :
5 to 8 years of costing experience in medium to large scale manufacturing companiesSAP experience especially on production and inventory modules covering FI, CO, MM and PPWork experience in medium to large scale manufacturing environment in FMCG / Pharma industries.