Junior Manager - FP&A Inventory & Costing

Job Purpose

The Junior Manager – FP&A, Inventory & Costing will collaborate closely with cross-functional teams including Production, Maintenance, R&D, Quality, Supply Chain, and Warehouse. This role is focused on supporting the achievement of key manufacturing KPIs, with a particular emphasis on waste reduction, inventory optimization, and cost analysis to drive financial efficiency and operational excellence.

Key Responsibilities

1. Manufacturing KPI Monitoring and Analysis
   • Track, analyze, and report on key manufacturing KPIs, including waste reduction, BOM optimization, FOH cost, and energy consumption.
   • Provide actionable insights and recommendations to drive improvements in manufacturing processes.
2. Bill of Materials (BOM) Optimization
   • Collaborate with Production and R&D to ensure accurate BOM costing and usage.
   • Identify opportunities for BOM optimization to enhance cost-effectiveness and reduce waste.
3. Fixed Overhead (FOH) Cost Management
   • Analyze FOH expenses and develop strategies to improve cost-efficiency.
   • Work with maintenance and production teams to manage and forecast FOH costs, ensuring alignment with budget.
4. Energy Consumption Tracking
   • Monitor and analyze energy consumption within manufacturing processes.
   • Propose initiatives to reduce energy usage, in collaboration with the maintenance and production teams.
5. Cost Absorption and Manpower Analysis
   • Ensure efficient cost absorption through accurate cost allocation and analysis.
   • Monitor and assess manpower usage to optimize labor costs in line with production needs.
6. Raw Materials (RM) and Packaging Materials (PM) Inventory Optimization
   • Work closely with Supply Chain and Warehouse teams to optimize RM & PM inventory levels, minimizing excess stock and improving cash flow.
   • Conduct regular inventory analysis and implement strategies to ensure inventory accuracy and efficiency.
7. Capacity Utilization Tracking
   • Monitor capacity utilization and provide insights to optimize resource usage.
   • Collaborate with production to align capacity planning with production forecasts and demand.
8. CAPEX Business Case Preparation
   • Develop and evaluate business cases for CAPEX investments to support production efficiency and growth.
   • Work with finance and operational teams to ensure CAPEX projects align with financial objectives and ROI expectations.
9. Gross Margin Analysis
   • Analyze gross margin performance, identifying key drivers and variances.
   • Collaborate with finance and operational teams to develop strategies for margin improvement.

Qualifications

• Education: Bachelor’s degree in finance, Accounting, Business, or related field; additional qualifications in Cost Accounting or Manufacturing are advantageous.
• Experience: 3+ years of experience in financial analysis, inventory management, or costing in a manufacturing environment.
• Technical Skills: Proficiency in ERP systems (e.g., SAP, Oracle), advanced Excel skills, and knowledge of costing methodologies.
• Soft Skills: Strong analytical and problem-solving abilities, effective communication, and the capacity to collaborate cross-functionally.

Key Competencies

• Detail-oriented with a strong focus on accuracy and efficiency
• Proactive in identifying areas for cost reduction and process improvement
• Ability to interpret and analyze data for effective decision-making
• Cross-functional collaboration skills to drive alignment and productivity