RR Operations Finance Specialist

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Date: Aug 3, 2022

Location: Pune, IN

Company: Bekaert NV

Bekaert (www.bekaert.com) is a world market and technology leader in steel wire transformation and coating technologies. We pursue to be the preferred supplier for our steel wire products and solutions by continuously delivering superior value to our customers worldwide. Bekaert (Euronext Brussels: BEKB) is a global company with more than 27 000 employees worldwide, headquarters in Belgium and € 4.4 billion in combined revenue in 2020.




in Accountabilities

Nature of the Activities & Authority&Performance Indicators


Controlling & costing:



  • Support new material standard cost update in SAP
  • Yearly rate calculation and update for costing of different technology teams working on different projects
  • Ensure correct hours’ registration by technology team and analyse variances (recharge based on standard rate vs. actual)
  • Creation of cost centers, profit centers and allocation cycles
  • Ensure correct cost center, profit center, GL bookings
  • Check volume discount credit notes to ensure that it is in line with agreements with customer
  • Understand monthly reporting/other ongoing activities and develop functional knowledge and skills to handle the tasks independently with minimal supervision
  • Ensure correct usage of valuation class/valuation type, material group, GL, PR/PO process for correct cash cost booking

Business financial analysis & reporting:

  • Support in preparations of forecasts (X+1, X+3/X+5, quarterly estimate etc.)
  • Prepare monthly sales report with proper provisioning for volume discount, price difference, specific bad debt provision
  • Monthly overview of overdue and DSO report
  • Support monthly closing and reporting activities (correct and timely booking of provisions)
  • Prepare detailed cash cost reports, comparison vs. budget, drivers for variances (consumption vs. rate), follow up with respective cash cost owners in the plant
  • Monthly review and validation of operational/purchase savings
  • Monthly/quarterly preparation of overheads report vs. budget
  • Prepare royalty working on quarterly basis

Internal control and Audit support:

  • Handle internal audit requirements
  • Handle IFRS and statutory audit requirements
  • Support cost audit requirements
  • Liaise with auditors for inventory and fixed asset related queries
  • Support sample requests for various audits
  • Support internal control check for sharing of SAP ID, critical combination and related mitigating actions’ follow up with respective departments
  • Support internal control playbook preparation

Inventory management:

  • Knowledge of material movements
  • Material stock statements
  • Prepare material balance report, scrap check
  • Inventory audit
  • WIP valuation at month-end
  • Physical verification of RM and FG (on sample basis)
  • Physical inventory audit at year-end along with auditors
  • DOI overview and control
  • Inventory obsolescence (RM, FG, spares/consumables) review and provision

Fixed asset accounting (support):

  • Project monitoring and reporting of budget vs. actual capex and compliance with capex procedure
  • Monitor capital work in progress and timely capitalization
  • Maintain CAR (capital appropriation request) summary
  • Creation of internal order/WBS (work breakdown structure in PS module of SAP)
  • Physical verification and tagging of fixed assets
  • Update divestment form as and when required and get necessary approvals
  • Capitalization and retirement of assets




You grow, we grow... Better together. Bekaert offers continuous development opportunities.

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