SME Inventory accounting

JOB DESCRIPTION

Job Title: SME Inventory Accounting

Job Location: Bangalore

Reporting Grade: 6-II

Job Grade: 7-I

About Syngene : Syngene (www.syngeneintl.com) is an innovation-led contract research, development and manufacturing organization offering integrated scientific services from early discovery to commercial supply.

At Syngene, safety is at the heart of everything we do personally and professionally. Syngene has placed safety at par with business performance with shared responsibility and accountability, including following safety guidelines, procedures and SOPs, in letter and spirit

Mandatory expectation for all roles as per Syngene safety guidelines

Overall adherence to safe practices and procedures of oneself and the teams aligned
Contributing to development of procedures, practices and systems that ensures safe operations and compliance to company s integrity quality standards
Driving a corporate culture that promotes environment, health, and safety (EHS) mindset and operational discipline at the workplace at all times.
Ensuring safety of self, teams and lab/plant by adhering to safety protocols and following environment, health, and safety (EHS) requirements at all times in the workplace.
Ensure all assigned mandatory trainings related to data integrity, health, and safety measures are completed on time by all members of the team including self
Compliance to Syngene s quality standards at all times
Hold self and their teams accountable for the achievement of safety goals
Govern and Review safety metrics from time to time

Core Purpose of the Role :

Inventory controller - Monitors and maintains current inventory levels; processes review, improvements and investigates problems.

Role Accountabilities:

Inventory controller, manage inventory levels for businesses in all Operating units and develop inventory management systems, maintain stock levels, processes review, improvements and investigates problems. Ensures optimization of stocks and Material costs.

Leadership Capabilities:

Should be able to work with the cross functional teams and also with the Senior management of the organization
Should have the Good interpersonal skills
Should have the excellent Job knowledge and Analytical skills
Should be pro-active in nature

Syngene Values

All employees will consistently demonstrate alignment with our core values

Excellence
Integrity
Professionalism

Specific requirements for this role

Experience: 7 to 10 Years of experience in the relevant area

Demonstrated Capability:

Should be able to work with the Senior people of the organization
Should have the Good interpersonal skills
Should have the excellent Job knowledge and Analytical skills
Should be pro-active in nature

Education:

CA or ICWA (CMA) or MBA Finance from a premier Institute with 7 to 10 of years of experience in core area. Experience in Controlling module (CO module) is mandatory.

Skills and Capabilities

Educational Qualification: CA/ICWA/MBA with 7+ years of experience in the relevant area.
Strong working Knowledge in SAP - CO module is mandatory
Coordinate physical inventory counts and cycle counts
Investigate cycle counting variances and resolve issues
Update standard costs in the bill of materials
Review standard and actual costs for inaccuracies
Validate the cost of goods sold as part of the month-end close
Calculate month Inventory provisioning as per the policy
Accumulate and apply overhead costs as required by generally accepted accounting principles
Work with the materials review board to locate and dispose of obsolete inventory
Compliance and Audits (Statutory Audit / Internal Audit / IFC / Cost Audit)
Conduct ongoing process constraint analyses
Report on periodic variances and their causes, focusing in particular on spending variances
Analyze Inventory pattern and suggest for corrective action
Analyze Project wise Material cost
Construct data accumulation systems for various modules in SAP with relate to Inventory valuation
Create and review the controls and reporting system
Follow 100% compliance in Data security and Safety
Material Costing process: Guide and build end to end costing process for in partnership with stakeholders. Develop and execute material cost reduction strategies aligned to broader company objectives, including identifying process improvement programs for increased efficiencies and effectiveness. Ensure the organization has a robust material cost estimating process; hold responsibility for updating material cost.
Profitability and mitigation: Maximize profitability through material cost savings initiatives factoring in impact from sourcing strategy shifts, manufacturing practices, duty landscape, macro-economic variables, payment terms, logistics models, business and consumer needs. Be forward-looking.
Productivity / efficiency improvement: Facilitate material productivity improvement / level-loading programs with Supply partners and ensure resultant savings are fully realized.
Sourcing Strategy: Influence sourcing strategy through modelling impacts of potential decisions and shifts on overall material cost base and profitability.
Connectivity: Liaise with Supply, technical team, warehouse team and Finance Leadership; review material cost benefits realized in company PL and balance sheet. Report out on progress, risk, and opportunities.
Team: Build, motivate and develop the material cost optimization across organization.

Equal Opportunity Employer:

It is the policy of Syngene to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by applicable legislation or local law. In addition, Syngene will provide reasonable accommodation for qualified individuals with disabilities.