Accounting Specialist

Employer
Dow
Location
Mumbai
Posted
Jun 08, 2024
Closes
Jun 20, 2024
Ref
4667475931
Level
Specialist
Work Mode
Hybrid
Hours
Full Time
Organization Type
Academia, Corporate, Non-profit
Accounting Specialist
At a glance
Position:Accounting Specialist
Primary Location:Navi Mumbai (IND), India
Schedule:Full time
Date Posted:06/06/2024
Job Number:R2050389
Position Type:Regular
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 anAccounting Specialist, your role ensures accounting activity recorded within the company's records and books are accurate and complete. Responsible for budgeting, product costing, recording, reporting, analyzing and communicating functional/business activity results. You will assist the function/business management teams in financial analysis necessary for decision-making.
In this role, you will require understanding of key business drivers for your discipline and function. You will need to be able to expand conceptual and working knowledge related to your discipline or functional area. You are expected to provide informal guidance to new team members and be able to explain complex information to others. It is your responsibility to use technical experience, established practices, and personal judgement to analyze and resolve straightforward problems. Your performance impacts the quality of your own work and your team's work and requires that you work within established guidelines and policies.
Responsibilities:
- Review of cost center spending to ensure accuracy and understand cost drivers.
- 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.
- Responsible for correctness of cost of sales, Review and identification of intercompany variances and taking corrective actions if any.
- Leadership - Responsible for the team's initial work process training, on-going education and consistent application and adherence to business rules and work processes
- Problem Resolution -Lead investigations and provide root cause analysis for work process issues and implement the solution.
- Lead and mentor a team supply chain cost accountant. Coach and train the junior functional and supply cost accounting team.
- Responsible for quarter closing books in line with USGAAP and LOCAL GAAP rules.
- Responsible for cost accounting training and help regional transitions, support Internal and Statutory audit
- Responsible for Inventory control and cost control.
- Support functional and business leaders for any cost accounting related queries and decisions.
- Support Capital and revenue expenditure analysis
- Responsible for expenses variance analysis and product variance analysis, responsible for COGS analysis
Qualifications:
- Qualified CMA/CA with 8-10 years of relevant experience
- Proficiency in Microsoft Macro scripting/VBA Code/ Power BI/Power Query and other automation tool
Preferred Skills:
- Proficiency with SAP
- Strong verbal and written communication skills are needed.
- Able to handle multiple priorities, organized and flexible.
- People leadership or having prior experience of handling large team.
Additional Notes:
- Relocation support is not aligned with this role.
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 onwww.dow.com.