RR Operations Finance Specialist

TASK DESCRIPTION

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