Inventory Valuation and Reporting Specialist

1 day ago

Mumbai, Maharashtra, India beBeeInventory Full time ₹ 13,00,000 - ₹ 20,25,000

**Inventory Valuation and Reporting Specialist**

Job Description:

We are seeking a highly skilled Inventory Valuation and Reporting Specialist to join our team. As an Inventory Valuation and Reporting Specialist, you will be responsible for overseeing batch costing, ML runs, and standard cost releases. You will ensure accurate COGS schedules and month-end variance calculations, and monitor and validate inventory valuation postings in SAP.

You will also prepare and review material cost reports, ageing reports, NRV testing, and SLOB analysis. Additionally, you will conduct monthly reconciliations (STO, SAP GL vs Costing) and FOC analysis, and manage material code approvals and maintain inventory control sheets.

Furthermore, you will ensure timely capitalization and closure of open AUC items, coordinate month-end closing activities, and report on reporting accuracy. You will also facilitate smooth audit closures by providing timely responses and requisite data, and address audit queries and ensure compliance with reporting standards.

In addition, you will lead automation projects such as SKU-level costing, ageing reports, and marketing collateral accounting, and implement system enhancements like auto-deletion flags for closed process orders.

Finally, you will work closely with Plant, Costing, and IT teams to understand operational issues, develop SOPs, and ensure proper classification and backup of material costs.

**Required Skills and Qualifications:**

  • Strong expertise in SAP FICO, especially in inventory valuation, costing, and month-end closing
  • Advanced Excel skills for financial reporting, reconciliations, and automation
  • In-depth knowledge of inventory accounting and reporting (ML runs, NRV testing, activity costing, etc.)
  • Experience in audit handling and compliance, including timely data submission and query resolution
  • Proven ability in process improvement and automation, including report automation and system enhancements

**Benefits:**

A career with us offers a competitive salary and benefits package, opportunities for professional growth and development, and a dynamic work environment.

**Others:**

If you are a motivated and detail-oriented individual with a passion for inventory valuation and reporting, we encourage you to apply for this exciting opportunity.

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