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 maintain
- Ensure inventory valuation are aligned to Biocon group and accounting standards
- Lead in the annual or ad-hoc physical inventory count process
Continuous improvements
- Identify opportunities and make constructive suggestions to improve the process e.g. improve inventory & costing system report in SAP, working capital days improvement
- Involve in Six Sigma yellow & green belt project for cost efficiency and production improvements including tracking of savings
- Identify any savings opportunities in product costing and inventory management
- Lead in activity-based costing project
MIS
- Prepare management reports and templates for group reporting and site management presentation
- Meet deadline for various internal and external management for inventory and costing reporting
Others
- Liaise with internal audit / external audit on costing and inventory
- Ensure timely month-end and year end close including completion of statutory audits
- Assists in annual budgeting or forecasting process
- Co-ordinate the setting up of any new plant, cost centre etc that is required in SAP
- Prepare the transfer price for intercompany transactions
- Support the finance team on other statutory requirement e.g. collation of information for tax submission or ad-hoc projects
Technical / Functional Skills (Must have):
- In depth knowledge of costing and inventory management
- Strong accounting knowledge
- Good knowledge of SAP system
Technical / Functional Skills (Nice to have):
- Worked in other MNC environment
- Willing to learn new skills
Behavioral / Management / Other Skills:
- Good interpersonal skills
- Fluent English communication
- Able to shift gears, adapt quickly and be flexible
- Strong analytical and problem-solving skills
- Ready to take on new challenges
- Familiar with Microsoft Office applications especially MS Excel and MS Powerpoint
- Advanced knowledge in MS Excel
- Independent worker and team player
Educational Qualification / Skills Certification:
- Degree in Accounting or equivalent
- Professional accountancy qualification e.g. CIMA, ACCA etc
Work Experience:
- 5 to 8 years of costing experience in medium to large scale manufacturing companies
- SAP experience especially on production and inventory modules covering FI, CO, MM and PP
- Work experience in medium to large scale manufacturing environment in FMCG/Pharma industries.
Biocon Biologics is committed to equal opportunity in the terms and conditions of employment for all employees and job applicants without regard to race, colour, religion, sex, sexual orientation, age, gender identity or gender expression, national origin, disability or veteran status. Biocon Biologics also complies with all applicable national, state and local laws governing non-discrimination in employment as well as work authorization and employment eligibility verification requirements of the Immigration and Nationality Act.
