Plant Cost Accounting - Shared Services Analyst

Employer
Johnson Controls, Inc.
Location
India
Posted
Jun 21, 2024
Closes
Jul 05, 2024
Ref
4747146360
Role
Analyst
Level
Staff
Work Mode
Hybrid
Hours
Full Time
Organization Type
Corporate
Position Overview:

As a Plant Cost Accounting Manager in a shared services environment, you will be responsible for overseeing and managing accounting aspects of costing and inventory for multiple plant locations.

Job Responsibilities:

Cost Accounting:
  • Ensures calculation and review of relevant accruals and reserves, such as obsolete and slow-moving inventory, freight, and other related accruals.
  • Perform period end close - absorption accounting, PPV capitalization, variance analysis.
  • Manage the month-end close process, ensuring all account reconciliations are performed.
  • Maintain / set up annual standard costing systems for plant locations.
  • Analyze actual costs versus standard costs, identify variances, and provide explanations and recommendations to management.
  • Collaborate with finance teams at each plant location to ensure consistent costing practices and policies.
  • Support internal and external audits and compliance to accounting standards.
  • Prepare and present consolidated financial reports, including cost analysis and inventory valuation.

Process Improvement:
  • Identify areas for process improvement in a shared services environment and develop and implement solutions.
  • Collaborate with cross-functional teams to streamline processes and enhance efficiency.
  • Stay updated on industry best practices and technological advancements in cost accounting within a shared services model.

Qualifications:
  • Fully qualified Cost Accountant, CMA or MBA (Finance) with 5 - 10 years of relevant experience in accounting for manufacturing locations.
  • Proven experience as plant accountant, cost accounting and inventory management, preferably within a shared services or multi-plant environment.
  • Flexible to work in regional shifts i.e. Americas & EMEA Shift.
  • Strong knowledge of cost accounting principles, inventory valuation methods, and financial analysis.
  • Experience working with ERP systems and advanced MS Excel skills for data analysis and reporting.
  • Excellent analytical skills with attention to detail and accuracy.
  • Strong communication and interpersonal skills to collaborate with cross-functional teams and present complex information in a clear and concise manner.
  • Ability to multitask, prioritize, and meet deadlines in a fast-paced shared services environment.