Plant Cost Accounting – Shared Services Analyst

Job Description: Plant Cost Accounting Manager

Job Location -Pune 

Exp - 10 to 12 Years

Position Overview:

As a Plant Cost Accounting Manager in a shared services environment, you will be responsible for overseeing and managing accounting aspects of costing and inventory for multiple plant locations.

Responsibilities:

Cost Accounting:

• Ensures calculation and review of relevant accruals and reserves, such as obsolete and slow-moving inventory, freight and other related accruals.
• Perform period end close – absorption accounting, PPV capitalization, variance analysis.
• Maintain / set up annual standard costing systems for plant locations.
• Analyze actual costs versus standard costs, identify variances, and provide explanations and recommendations to management.
• Collaborate with finance teams at each plant location to ensure consistent costing practices and policies.
• Manage the month-end close process, ensuring all account reconciliations are performed.
• Support internal and external audits and compliance to accounting standards.
• Prepare and present consolidated financial reports, including cost analysis and inventory valuation.

Process Improvement:

• Identify areas for process improvement in a shared services environment and develop and implement solutions.
• Collaborate with cross-functional teams to streamline processes and enhance efficiency.
• Stay updated on industry best practices and technological advancements in cost accounting within a shared services model.

Qualifications:

• Fully qualified Cost Accountant, CMA or MBA (Finance) with 10-12 years of relevant experience in accounting for manufacturing locations.
• Proven experience as plant accountant, cost accounting and inventory management, preferably within a shared services or multi-plant environment.
• Flexible to work in regional shifts during.
• Strong knowledge of cost accounting principles, inventory valuation methods, and financial analysis.
• Experience working with ERP systems and advanced MS Excel skills for data analysis and reporting.
• Excellent analytical skills with attention to detail and accuracy.
• Strong communication and interpersonal skills to collaborate with cross-functional teams and present complex information in a clear and concise manner.
• Ability to multitask, prioritize, and meet deadlines in a fast-paced shared services environment.