Accounting Specialist

Dow Chemical Company
Apr 07, 2024
Apr 30, 2024
Work Mode
Work from office
Full Time
Organization Type
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 Accounting Specialist you will be responsible for providing consistent and quality cost accounting support services to the Packaging and Specialty Plastics Business in EMEAI. In your role, the accountant will support the production facilities as well as the site logistics and warehouse Operations. These responsibility areas can have very complex cost flows and will need a strong financial acumen. Your role requires an in-depth understanding of the business and functional structures, the inventory management and produce to plan work processes, and the functional business rules. In your role, US GAAP and local GAAP regulations need to be applied and it is very typical to demonstrate mature reporting and communication skills through presenting financial topics to cross functional partners and stakeholders.

  • Records cost accounting transactions accurately and in time to ensure the integrity of the business' financial data. All account records and balances must be reconciled, reviewed and supported
  • Manages and sets-up cost-object master data and cost flows
  • Assists internal partners in managing their cost/expense performance and ensures expenses are recorded as per the accounting regulations
  • Proactively partners with the internal partners and perform cost/variance analyses and reporting
  • Completes product costing of materials (PCE), reviews for variances, and corrects/communicates results to business/plant management.
  • Performs product inventory reviews and assists with fixed asset reviews
  • Coordinates and assists internal partners to complete annual budgets, in line with Corporate, Business and Functional guidelines and timing
  • Performs Stock Take Observations and/or assist the production facilities in performing the periodic Cycle Counting work processes
  • Performs or supports the financial estimates for the P&SP Business and interacts with the business finance team
  • Identifies and appropriately communicates potential risks and identifies improvement opportunities
  • Ensures the highest degree of internal control and Sarbanes-Oxley compliance
  • Supports internal partners in capital vs. expense decisions and monitors the appropriateness of recordings
  • Educates functional partners on Accounting Policies and internal control matters and advises on the potential impacts of their decisions. Resolves any problems identified as they arise
  • Has knowledge of US GAAP, local GAAP and other supporting accounting regulations
  • Monitors and supports period end closing and control/follow-up actions
  • Provides audit support for annual internal/external Cost Accounting related audits

  • A university degree in Accounting, Business Administration, or Economics, and/or a qualified CMA/CA with 3+ or MBA/Inter CMA/Inter CA with 5+years of costing experience.
  • Proficiency in Microsoft applications, such as Excel, Word, PowerPoint and Outlook
  • Experience in SAP ERP systems

Preferred Skills:
  • 3-5 years of current/prior costing and accounting experience
  • Excellent interpersonal communication, presentation and training skills
  • Experience in SAP ERP systems
  • Ability to work independently
  • Able to handle multiple priorities and conflicting deadlines at the same time
  • Interest to work in an international organization
  • An organized and motivated self-starter, exhibiting good judgment and the flexibility to adapt to priority changes and demands.

Additional Notes:
  • Relocation is not available for this position.

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:
  • 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 need...when 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.

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. Further information regarding Dow's equal opportunities is available on