- Review of cost center spending to ensure accuracy and understand cost drivers.
- Review variances in spending vs budget and comparison periods and analyze root causes.
- Meet with functional leaders to explain cost center spending and convey opportunities for cost savings.
- Satisfy various reporting requests and analysis for function.
- Challenge second level leaders on spending
- Liaise between functional leaders and finance function.
- Record and monitor certain accounting entries during the monthly closing.
- Facilitate the inter-company re-billing process.
- Facilitate SOX compliance for Cost Accounting activities.
- Execute cost center allocations & recharges and analyze cost center recoveries & residuals.
- Cost center budgeting
- Product cost estimates (PCE)- ensure correct standard cost by resolving the costing errors and investigate/resolve variances (Monthly & quarterly)
- Inventory management via cycle counting- coordinate & reconciliation of physical inventory against system inventory as per frequency set by cycle counting indicators.
- Inventory management via stock take observation- physical stock count & reconciliation of physical v/s system stock
- Ensure Inventory valuation accuracy in different books like management books, tax books, Statutory books & as per lower of cost or market value principle.
- Review and identification of intercompany variances and taking corrective actions if any.
- Provide audit Support for internal & external cost accounting related audits.
- Qualified CMA/CA with 3-5 years of relevant costing & accounting experience
- Proficiency in Microsoft applications such as excel, word, PowerPoint & outlook.
- Proficiency with SAP
- Highly motivated with strong business interest and desire to act as a business partner
- Team player with proactive communication style
- Strong analytical and process improvement skills
- Strong skills in SAP, Excel and Dow reporting tools
- Fluent in English (written and verbal)
- Equitable and market-competitive base pay and bonus opportunity across our global markets, along with locally relevant incentives.
- Benefits and programs to support your physical, mental and emotional well-being, to help you get the care you you need it.
- Competitive retirement program that may include company-provided benefits, savings opportunities, financial planning and educational resources to help you achieve your long term financial-goals.
- Become a Dow shareholder through various employee stock programs.
- Opportunities to learn and grow through training and mentoring, work experiences, community involvement and team building.
- Workplace culture empowering role-based flexibility to maximize personal productivity and balance personal needs.
- Global Paid Time Off (PTO) policies:Paid time off for new parents (birthing and non-birthing, including adoptive and foster parents). Paid time off to care for family members who are sick or injured. Paid time off to support volunteering and Employee Resource Group's (ERG) participation.
functional cost accountant - Navi Mumbai, India - DOW CHEMICAL INTERNATIONAL PVT. LTD.
Description
At Dow, we believe in putting people first and we're passionate about delivering integrity, respect and safety to our customers, our employees and the planet.
Our people are at the heart of our solutions. They reflect the communities we live in and the world where we do business. Their diversity is our strength. We're a community of relentless problem solvers that offers the daily opportunity to contribute with your perspective, transform industries and shape the future. Our purpose is simple - to deliver a sustainable future for the world through science and collaboration.If you're looking for a challenge and meaningful role, you're in the right place.
About you and this role:
As an Associate Accounting Specialist, You will be responsible for providing consistent superior cost accounting support Services and reporting to stakeholders. In this role, you will ensure accounting activity recorded within the Company's records and books are accurate and complete. You will be responsible for Cost center expenses, Cost center budgeting, Inventory valuation, reporting, analyzing, and communicating functional/business activity results. You will also assist the function/business management teams in financial analysis necessary for decision-making using in-depth conceptual and practical knowledge in accounting and basic knowledge of related finance disciplines.
Responsibilities:
Qualifications:
Preferred Skills:
Benefits – What Dow offers you
We invest in you.
Dow invests in total rewards programs to help you manage all aspects of you: your pay, your health, your life, your future, and your career. You bring your background, talent and perspective to work every day. Dow rewards that commitment by investing in your total wellbeing.
Here are just a few highlights of what you would be offered as a Dow employee:
Join our team, we can make a difference together.
About Dow Chemical International Pvt Ltd
Dow Chemical International Private Limited (Dow India) aims to be the most innovative, sustainable, inclusive customer-centric materials science company. The company is committed to delivering the right solutions to its customers' challenges. With broadest technology sets spanning performance materials, industrial intermediates, and plastics Dow India delivers differentiated science-based products and solutions in high-growth segments, such as packaging, infrastructure, automobile, and consumer care.
A Great Place to Work Certified company with approximately over 1000 employees, its operations comprise of manufacturing sites, innovation center, established centers of excellence, and commercial office. As a responsible corporate, the company supports its Corporate Social Responsibility (program) with technology expertise and employee volunteerism. Dow India works with non-profit partners towards the empowerment of differently abled, women, and children in communities where it operates. The company aims to redefine the societal blueprint, by supporting holistic sustainability and circular economy initiatives.
As part of our dedication to the diversity of our workforce, Dow is committed to equal opportunities in employment. We encourage every employee to bring their whole self to work each day to not only deliver more value, but also have a more fulfilling career.