Posted By
Posted in
Banking & Finance
Job Code
1119401
Lead - Manufacturing Cost Controlling - NIVEA INDIA PVT LTD
2. Minimum Qualification required: CA/CMA
3. Minimum Experience: 4-5 years or more , Manufacturing controlling experience preferably in FMCG/Pharma/Engineering industries.
4. Skills & Knowledge:
- Ideal candidate should have SAP FI CO knowledge & experience, Advance Excel & PowerPoint, Power BI hands on experience & knowledge.
- Experience in Finance Planning, Costing & Plant finance Controlling
- Soft Skills: Good verbal and written communication and interpersonal & Strong Analytical skills
5. Essential Duties and Responsibilities:
Overall Obligation:
The position shall be responsible for maintaining budgeting activities in the Plant and for ensuring control on the conversion cost, under the guidance of the Plant Finance Head.
- Identifying Cost Reduction opportunities - Reduction of Fixed Cost & Conversion
from Fixed to Variable, scrap, and indirect material cost
- Daily, weekly, and monthly monitoring that of Conversion cost and Inventory
- Budget preparation, tracking and variance analysis
- Compliance towards statutory audits
- Facilitate the annual budgeting process with the Division heads, Plant Finance Head and other support functions
- Evaluate the various Capex proposals by the departments and develop them further if found suitable
- Initiate, coordinate, and prepare Plant specific budgets in line with the guidance provided by Region/Global
- Conduct the annual budget meeting with the Department heads, Plant Finance Head and other support functions
- Liaison with the Department Heads and support functions in submitting their projections and targets in a timely and accurate manner
- Extract expenses information from the databases relating to direct costs, indirect costs, fixed costs, and variable costs
- Conduct analysis of budget vs actual adherence to budgets for departments
- Ensure control over expenses by regular feedback on budgets and actual expenses
- Keep control over the Budgeted Capex and Actual Capex spends and highlighting any deviations
- Ensure timely coordination and analysis of financial information including monthly financial results, preparation of recurring management reports, budgeting /forecasting support
- Track and monitor Conversion cost on daily, week and monthly basis and highlight any deviations to key stake holders to discuss upon the resolution
- Conduct physical inventory checks and resolve issues with regards to any variance if observed
- Maintain costing and budgeting reports for the Plant
- Ensure the high-level accuracy and timely submission of all MIS reports
- Ensure accurate and timely SAP updating on FICO for all costing processes and activities, and monitor the quality of updating on SAP by the Plant team
- Analysis of material yield in coordination with production team
- Preparing std cost of materials with the help of procurement team and analyze price variances vs actual
- Preparing costing for NPD
- Identify opportunity of cost savings in direct material (like localization savings, Value Engineering savings) and lead the same with concerned stake holder
- Check system hygiene of all material related accounting as per global policy
- Understanding of plant KPIs and work towards the improvement
- Analyze inventory bases on forward cover like excess, expiry/near expiry, no demand, block material, LOR, vendor follow up for credit note etc.
- Coordination with shopfloor employee for cost of waste analysis
- Understanding of standard costing in SAP
- Analysis of activity-based costing
- Basic knowledge of process order settlement
- Integration of SAP with B.one reporting
- Working with different kind of variance analysis and working towards the improvement of variances
- Prepare monthly MIS and reporting files
- Active engagement in planning and forecasting with business update
- Interaction with global/regional team for any update and reporting
- Active participation with stake holder and pro-active approach for any improvement
- Audit closure with no open points
- Prepare business case with close coordination from respective business partner
- Do automation in day to day work which increase our productivity
- Upgrading knowledge related Finance & new technologies which is relevant
- Any other work which is required by management
(B) Secondary Responsibilities
- Procure to Pay- Local as well as Foreign Payments
- Fixed Asset controlling
- Risk control Matrix
- Vendor/Supplier Reconciliation
- BRS
- Cashflow preparation
- Co-ordination with Bank for Import and local payments
- GR/IR Reconciliation
- Employee Reimbursement Tracking
- Month closing and reporting
6. Secrecy:
The incumbent is strictly obliged to keep company-information as a secret, especially after termination of the labor-relation.
7. Organization:
Report to Manufacturing Controlling Manager.
8. Contacts:
- Internal: Finance, Supply chain and operations
- External: Corporate Finance, External Agencies e.g Statutory Auditor, Govt. agencies
9. Offering:
- Growth opportunities within organization in India and globally
- Providing opportunity for taking up a leadership role
- Great working culture and increase in technical skills
- Ability to grow interpersonal skills
This job description is a general guideline for the scope the position. It can neither cover the total, detailed scope of the job nor is it meant to stay unmodified and static for a longer period of time, since the business environment is constantly developing. In this respect the job description is a dynamic framework that cannot be claimed to be conclusive by neither the employee, nor by the employer.
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Posted By
Posted in
Banking & Finance
Job Code
1119401