Plant Cost Accounting – Shared Services Analyst
1 week ago
Job Description: Plant Cost Accounting.
Location - Pune
Exp - 5 to 10 yrs
Position Overview :
As a Plant Cost Accounting Manager in a shared services environment, you will be responsible for overseeing and managing accounting aspects of costing and inventory for multiple plant locations.
Responsibilities :
Cost Accounting:
- Ensures calculation and review of relevant accruals and reserves, such as obsolete and slow-moving inventory, freight and other related accruals.
- Perform period end close – absorption accounting, PPV capitalization, variance analysis.
- Maintain / set up annual standard costing systems for plant locations.
- Analyze actual costs versus standard costs, identify variances, and provide explanations and recommendations to management.
- Collaborate with finance teams at each plant location to ensure consistent costing practices and policies.
- Manage the month-end close process, ensuring all account reconciliations are performed.
- Support internal and external audits and compliance to accounting standards.
- Prepare and present consolidated financial reports, including cost analysis and inventory valuation.
Process Improvement:
- Identify areas for process improvement in a shared services environment and develop and implement solutions.
- Collaborate with cross-functional teams to streamline processes and enhance efficiency.
- Stay updated on industry best practices and technological advancements in cost accounting within a shared services model.
Qualifications :
- Fully qualified Cost Accountant, CMA or MBA (Finance) with 5 to 10 years of relevant experience in accounting for manufacturing locations.
- Proven experience as plant accountant, cost accounting and inventory management, preferably within a shared services or multi-plant environment.
- Flexible to work in regional shifts during.
- Strong knowledge of cost accounting principles, inventory valuation methods, and financial analysis.
- Experience working with ERP systems and advanced MS Excel skills for data analysis and reporting.
- Excellent analytical skills with attention to detail and accuracy.
- Strong communication and interpersonal skills to collaborate with cross-functional teams and present complex information in a clear and concise manner.
- Ability to multitask, prioritize, and meet deadlines in a fast-paced shared services environment.
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