Cost Accountant
Location: Chennai, India
Required Language: English
Employment Type: Full-Time
Seniority Level: Mid
Travel Mode: Moderate
About the Company
Buckman is a privately held, global specialty chemical company with headquarters in Memphis, TN, USA, committed to safeguarding the environment, maintaining safety in the workplace, and promoting sustainable development. Buckman works proactively and collaboratively with its worldwide customers in pulp, paper, leather, and water treatment to deliver exceptional service and innovative specialty chemical solutions to help boost productivity, reduce risk, improve product quality, and provide a measurable return on investment. Buckman is in the middle of a digital transformation of its businesses and is focused on building the capabilities and tools in support of this.
About the Role
This position is responsible for all Costing & inventory accounting functions and support financial planning, analysis & reporting related activities in the APAC region. This position reports to the FP&A Manager - APAC based in India and will support and drive any initiatives or projects assigned.
Responsibilities
- Perform inventory & costing accounting activities for the APAC region, support monthly book close & reporting, and ensure accuracy and reasonableness of the financial data in compliance with accounting standards and policies
- Perform regular standard cost updates including labor and overhead rates as per Buckman's policy/accounting standards.
- Analyze monthly inventory & cost variance movements and provide insightful commentary on any major activities or variations
- Monitor inventory transactions, analyze inventory evaluation, and inventory roll forward. Developing inventory analysis reports and analyzing variances
- Assist in the improvement in internal controls related to inventory
- Support the reconciliation of the inventory accounts to the general ledger and analysis of cost accounting data and assist with cycle count/physical inventories
- Review and analyze inventory and margin reports and conduct research and analytical studies regarding cost variance/movements and profitability.
- Perform variance analysis of the price, cost, efficiency, and volume drivers related.
- Actively support the forecasting and annual budgeting process in APAC
- Manage sales Incentive computation & accruals together and regular review with HRD and FD
- Provide support to the FP&A Manager and Finance Director -APAC for any initiatives/projects assigned such as new reporting application implementation or training.
Required Skills
- Familiar with ERP system and must have SAP FICO system.
- Relevant costing experience in the manufacturing environment and SAP ERP is a must
- Strong financial planning, analysis and reporting skills
- Knowledge of statutory requirement / regulations / acts / various taxes (GST / VAT / Excise) in countries like India, Indonesia and Pakistan is an advantage
- Computer proficiency in QlikView/Qlik Sense, SAP, RPA, and Microsoft Office applications (particularly MS Excel)
Mandate Experience:
- Minimum of 5 years relevant working experience in Costing and FP&A.
- Relevant working experience in a manufacturing / MNC environment
- Proficiency in SAP and Microsoft Office products (including Excel).
