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Costing Team Lead
4 weeks ago
ROLE OBJECTIVE:
To lead the Costing team and oversee various activities performed by the team. To collaborate and coordinate with team members and stakeholders such as BU controllers, plant operations team, and external stakeholders like statutory auditors, internal auditors, and corporate team to ensure timely completion of month-end analysis and reports. Ensure smooth month-end financial entries for all entities in India and Middle East as per corporate timeline.
- Review and approve month-end accounts reconciliation for legal entities.
- Perform daily costing requests in setting up standard cost and make changes as required.
- Coordinate with BU teams and other teams during annual re-cost, clearing errors, and ensuring the setup of correct standard cost.
- Work with BUs on standard and ad-hoc inventory-related reports and queries, including FBD setup.
- Be proactive in performing regular sub-con reconciliation, timely physical count/cycle count process to ensure compliance of TE's Inventory Policy and act promptly in case of any variance.
- Act as a focal point for all Inventory (AS2), Margin, and Costing-related areas during Statutory audit and Cost audit.
- Statutory Audit - Organize physical count along with external auditors on a sample basis as of 1st April in LE 0464 and LE3013.
- Support and be the primary contact for SOX audit.
- Ensure Costing and Inventory topics are in alignment with TE Policy, ensure timely submission of Deviation requests as per DoA approval as and when required and secure approval.
- Act as a Lead during the Internal audit to ensure planning and execution, work on corrective actions with Internal auditors for areas relating to Costing, Inventory, and Master data.
- Interact and collaborate with other departments for any queries related to Costing & Inventory.
- Support on creation of New cost centers and perform periodic review on active cost centers.
- Act as DoA champion for corporate entity for approvals.
- Monthly review on Costing and Inventory with BU controllers and provide insights to all Key stakeholders.
- Managing team and timely deliverables to key stakeholders.
- Manage Adhoc project request as per BU requirements.
- Declare the Insurance for RM, FG, and WIP annually.
- Manage and update SOP's as required relating to std cost and inventory.
- Play active role during migration of legacy SAP to S4 Hana for all India and Middle East legal entities and support new plant/warehouse creation.
CRITICAL EXPERIENCE:
- 5-7 years of experience in Accounts and Finance, preferably Inventory Accounting in a manufacturing company with multiple plant operations.
- Team handling experience, performance reviews, and talent management.
- Extensive working in MS Office (esp. Excel) and SAP knowledge is a must.