Cost Accounting Director

2 days ago

Chennai, Tamil Nadu, India Sutherland Full time

We are seeking a seasoned Senior Cost Accounting Manager to lead our global cost accounting and financial close processes. This is a key role within Sutherland, requiring a highly experienced professional with over 20 years of experience in cost accounting, financial close, inventory management, and financial reporting.

Key Responsibilities
  • Cost Accounting & Routine Management:
    • Oversee daily, weekly, and monthly costing routines to ensure timely and accurate execution.
    • Manage and improve the financial close checklist, ensuring all tasks are completed without delays.
    • Identify and address bottlenecks and inefficiencies in costing processes, ensuring smooth execution and minimal disruption.
  • Financial Close & Journal Entries:
    • Ensure proper accounting for inventory, including handling cut-off control and accurate journal entries for period-end close.
    • Monitor and manage the creation of journal entries and reconciliations, ensuring they are done in a manner that supports future reporting needs.
    • Ensure all financial close activities are completed per deadlines and that all reporting is accurate, particularly related to inventory and cost reporting.
  • Inventory Control & Reporting:
    • Oversee global inventory validation processes, including vendor validations, physical inventory counts, and coordination across multiple time zones and locations.
    • Ensure timely and accurate reporting on inventory metrics, including inventory turns and general inventory reporting.
    • Work with operational teams to ensure inventory accuracy and resolve discrepancies post-close.
  • Provisions, Reserves & Future Obligations:
    • Manage and account for inventory-related reserves and provisions, including warranty provisions and other future obligations.
    • Ensure that journal entries and accounting procedures are set up to track future consumption and align with long-term reporting needs.
  • Issue Resolution & Cross-functional Collaboration:
    • Act as a business partner, working closely with operations teams to resolve discrepancies and financial issues post-close.
    • Collaborate with stakeholders to ensure clear ownership of processes and resolution of issues promptly, especially during financial close periods.
  • Aged Assessment Management:
    • Lead the process of assessing and working down aged financial items post-period end, collaborating with operational partners to address and resolve these issues in a timely manner.
  • Team Leadership & Oversight:
    • Manage and oversee a team responsible for daily cost accounting and financial close tasks, ensuring that all procedures are followed and deadlines are met.
    • Provide guidance and leadership to the team, mentoring junior staff and ensuring they understand the broader business implications of their work.
  • Global Coordination & Vendor Relations:
    • Manage the global schedule for inventory validations and ensure accurate data recording and reporting within the system.
    • Oversee and validate physical inventory counts and ensure global alignment and consistency in inventory management practices.
  • Reporting & Compliance:
    • Ensure all internal and external financial reporting related to cost accounting, inventory, and provisions is accurate and completed on time.
    • Stay updated with accounting standards, regulations, and compliance requirements relevant to cost accounting and inventory management.
  • Process Improvement & Innovation:
    • Continuously identify and implement process improvements to increase efficiency and accuracy in cost accounting, inventory control, and financial close processes.
    • Lead efforts to integrate new technologies and systems, such as cloud-based solutions, into costing and financial accounting processes.
Qualifications

To be successful in this role, you will need:

  • Education: A qualified CMA (ICWA) is mandatory.
  • Experience: Minimum of 20 years of experience in cost accounting, financial close processes, inventory management, and financial reporting.
  • Technical Skills: Extensive experience with accounting software and ERP systems (e.g., SAP, Oracle, or similar). Advanced knowledge of accounting standards, financial reporting, and cost accounting principles.
  • Leadership: Proven ability to lead teams, manage cross-functional collaboration, and mentor junior staff.
  • Problem-Solving & Analytical Skills: Strong analytical skills with the ability to identify issues, resolve discrepancies, and implement improvements.
  • Communication: Excellent communication skills, both written and verbal, with the ability to present complex financial information to senior management and non-financial stakeholders.
  • Personal Attributes: Strong leadership and interpersonal skills with a proven ability to collaborate across departments. Detail-oriented, with a strong commitment to accuracy and meeting deadlines under pressure. Highly adaptable and capable of driving change in a dynamic, global organization.

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