Inventory Specialist

3 days ago

Mumbai, Maharashtra, India beBeeInventory Full time ₹ 80,00,000 - ₹ 1,20,00,000

Inventory and Costing Specialist

As a key member of our team, you will be responsible for overseeing the inventory valuation and costing process. You will ensure accurate COGS schedules and month-end variance calculations, while also preparing and reviewing material cost reports.Required Skills and Qualifications
  • Expertise in SAP FICO, particularly in inventory valuation, costing, and month-end closing.
  • Advanced Excel skills for financial reporting, reconciliations, and automation.
Benefits
  • Achieve high accuracy in inventory valuation and reporting.
  • Ensure timely month-end and audit closures.
  • Drive process automation and system improvements.
  • Effectively utilize SAP for R2R activities.
  • Collaborate effectively with finance and operational teams.
Other Responsibilities
  1. Inventory Valuation & Costing
  • Oversee batch costing, ML runs, and standard cost releases.
  • Ensure accurate COGS schedules and month-end variance calculations.
  • Monitor and validate inventory valuation postings in SAP.
Inventory Reporting
  • Prepare and review material cost reports, ageing reports, NRV testing, and SLOB analysis.
  • Conduct monthly reconciliations (STO, SAP GL vs Costing) and FOC analysis.
  • Manage material code approvals and maintain inventory control sheets.
Monthly Book Closing
  • Ensure timely capitalization and closure of open AUC items.
  • Coordinate month-end closing activities and reporting accuracy.
Audit Support
  • Facilitate smooth audit closures by providing timely responses and requisite data.
  • Address audit queries and ensure compliance with reporting standards.
Process Improvement Initiatives
  • Lead automation projects such as SKU-level costing, ageing reports, and marketing collateral accounting.
  • Implement system enhancements like auto-deletion flags for closed process orders.
Cross-functional Collaboration
  • Work closely with Plant, Costing, and IT teams to understand operational issues.
  • Develop SOPs and ensure proper classification and backup of material costs.

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