Colgate is currently recruiting for the position of Associate Analyst I / II – Supply Chain Finance at their Mumbai office. The role of the Supply Chain Finance Analyst encompasses responsibilities related to Cost & Inventory and Fixed Assets activities.
Job Description
The following are the main tasks and responsibilities for the position:
- Perform period closing activities and validation checks after closing.
- Handle Fixed Assets accounting and monitor Capital budget.
- Record acquisitions and disposals of fixed assets in the accounting system.
- Conduct periodic reviews of the fixed asset schedule to identify disposals and idle assets, if any.
- Reconcile the balance in the fixed asset subsidiary ledger with the general ledger.
- Run depreciation calculations for all fixed assets.
- Forecast depreciation for budgeting purposes, including projected spending.
- Account for Restructuring Projects and perform complex analysis, such as impairment or restructuring projects and new plant setups.
- Generate monthly Plant Performance Reports.
- Conduct MWIP Report and Analysis.
- Perform adjustments to the fixed asset master data.
- Provide fixed asset data to support tax, statutory, and regulatory requirements.
- Conduct year-end asset accounting.
- Undertake to cost of new products and periodic cost revisions.
- Calculate, post, and allocate journal entries.
- Allocate overheads to products based on the stage of processing.
- Review cost centers and resolve discrepancies, if any.
- Prepare daily/weekly purchase price variance analysis report.
- Settle internal orders on a daily/weekly basis.
- Prepare monthly costing reports.
- Post monthly standard and judgment-based accruals.
- Calculate, review, and approve inventory reserve requirements, including Slow-Moving and Obsolete (SLOB) inventory.
- Analyze product-wise profitability.
- Perform process reconciliations.
- Analyze actual costs against budgeted costs and explain variances.
- Prepare standard cost calculations for commercial and manufacturing sites.
- Perform budget costing.
- Perform complex analysis to provide insights, such as global category types.
- Perform monthly reconciliations between Financial Accounting (FI), Controlling (CO), and Profitability Analysis (PA).
- Perform assessment and ensure compliance with SOX requirements.
Qualifications for this Job
The following are the requirements and qualifications for the position:
- Required qualification: B.Com or CWA (Cost and Works Accountant).
- Minimum experience required: 3+ years.
- Proficiency in SAP software.
- Experience in month-end closing processes.
- Desirable knowledge of Excel, Macros, Scripting, and GL (General Ledger) sheet.
- Working knowledge of SOX.
- Advanced knowledge of Cost and Plant accounting.
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