Executive - Cost Accounting

2 weeks ago


Thāne, Maharashtra, India Bayer Full time

At Bayer we're visionaries, driven to solve the world's toughest challenges and striving for a world where ,Health for all, Hunger for none' is no longer a dream, but a real possibility. We're doing it with energy, curiosity and sheer dedication, always learning from unique perspectives of those around us, expanding our thinking, growing our capabilities and redefining 'impossible'. There are so many reasons to join us. If you're hungry to build a varied and meaningful career in a community of brilliant and diverse minds to make a real difference, there's only one choice.

Executive - Cost Accounting

POSITION PURPOSE:

Primarily responsible for Management Accounting activity for Bayer Vapi Private Limited in India.

Ensure timely and qualitative execution of Accounting Operations in the area of Management Accounting according to the defined activity split.

Portfolio covers major activities of handling statutory, quarterly limited review and tax audit in relevant areas, cost audit including XBRL, service accounting, inventory valuation, cost of goods sold accounting.

Collaborate and guide the other business functions like Supply chain & Logistics for correct accounting of inventory and COGS in exceptional business scenarios.

Proactively gain knowledge on and implement Digitatlization Tools across Accounting Function.

YOUR TASKS AND RESPONSIBILITIES:

1
. Product Costing (PC) and Inventory Valuation
a. Responsible for qualitative and timely delivery of Management accounting related activities on

monthly basis which includes Gross Profit Analysis and Material Movement statement

b. Plan and align with business functions for physical count of inventory as per decided Physical

count schedule on quarterly / yearly basis

c. Ensure proper provisioning of excess/ shortages identified during Physical count

d. Proactively initiate digitalization to move efforts from data collection to data analysis for

accounting function

e. Need based visit to production plants and warehouses to have updates on production and

business processes

f. Ensure proper Inventory provisioning as per the defined policies and exceptional cases in

coordination with Supply chain/ Logistics colleagues

g. Manual Actualisation of seeds inventory to reflect the correct valuation of Inventory and COGS in

Financials for Local reporting

2.
Service accounting
a. Archiving and ensuring all service invoices raised by SA operations Manila are signed by

authorized signatories and kept as physical records

b. Partnering in specialised adhoc support and project support in the area of service accounting

3.
Country Specific Responsibilities
a. Cost Audit

  • Preparation of Statement presenting information on production, sales, capacity utilization,indirect tax reconciliation, ratio analysis and product wise cost sheet at HSN Harmonized system of Nomenclature) and SKU level which are covered under cost audit and get it audited and ensure completion of Cost Audit within 180 days from financial year end.
  • Ensure checking and submission of the audited report in XBRL format (eXtensible Business Reporting Language) format to Ministry of Corporate Affairs (MCA
  • Central Government) within 30 days of Cost audit records adopted by the board.
b.

Annual HB-I Statutory Audit and Limited Review:
Review and preparation for schedules to ensure accurate and correct valuation of Inventory and

COGS in specific and not restricted to:

  • Posting of all adjustment entries for Inventory and COGS
  • Detailed Inventory variation analysis
  • Gross Profit Margin analysis
  • GIT (Goodsintransit) schedule
  • Inventory Provision schedule
  • Coordination with auditor and resolving queries.
c. Timely provide relevant information for the Tax audit related to inventory quantitative movement,

support for tax assessments and provide information arising from changes in Local Statutes, BMA

Guidelines, SAP environment, etc.

WHO YOU ARE:

  • Minimum 3 to 5 year working experience in the area of management accounting
  • Qualified ICWA/ Intermediate CA
  • Agile learner, proactive, resultdriven, good collaboration skill and able to enter into crucial
- conversation to achieve shared objectives

  • Sound knowledge of SAP FI/CO/MM
  • Good understanding of the modules manufacturing processes (Own and Toll) with analytical skills

PLEASE NOTE - This is a fixed term contract (FTC) role for a duration of 12months on the payroll of Bayer.**
Bayer does not charge any fees whatsoever for recruitment process. Please do not entertain such demand for payment by any individuals / entities in connection with recruitment with any Bayer Group entity(ies) worldwide under any pretext.

YOUR APPLICATION

Location:

  • India : Maharashtra : Thane
    Division:
  • Enabling Functions
    Reference Code:

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