Product Costing Inventory Valuation Analyst | Alabang
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Inviting applications for the role of Product Costing Inventory Valuation Analyst
In this role, Handles inventory valuation process for moderate to complex countries/entities
Responsibilities
Month-end Closing- Performs Material Ledger Closing (SAP) / FIFO Closing (S2K) and resolve any issues
- Perform FIFO pre and post-steps (depends on the entity and timing of activity)
- Reviews Material Ledger and Profit in Inventory (PII) for SAP entities
- Performs Inventory reconciliation and investigate material variances
- Check GIT report and send to relevant stakeholders
- Prepare other inventory related reports such as SOS, PII, Interco and Export P&L,
- Prepare Managed Assent Report and send to Controllers for sign-off
- Performs and presents Inventory Movement Analysis during FSR call
- Performs other quarter and annual tasks during month-end closing (e.g. PC reclass,
NRV rate upload, Negative inventory adj, etc.)
Journal Entries
S2K- Prepare and raise accruals such as D-flag/IIT and Goods-In-Transit (GIT) accruals
- Reviews and requests posting of MCA journals and GL Reclass for S2K countries
- Prepare and raise SOS entries
- Park JVs on SAP
- Prepare and raise entries such as Inbound Freight reclass, Handling JV, ERSA, ICO
Margin reclass, and FIFO Revaluation entry.
Applicable to both S2K and SAP- Prepare and raise Inventory/FIFO adjustment entries
- Prepare and raise Net Realizable Value (NRV) and Non-Working Inventory (NWI)
- Prepare other journals related to inventory and P&L accounts (as needed)
- Ensure completeness of supporting docs of journals (i.e. basis for calculation,
approvals, JV Templates, etc.)
Calculate Inventory Unit Cost (S2K)- Analyze unit cost on SKU level and coordinate to relevant stakeholder for material
- Review and update/upload unit cost in the system (CS11, CS19, CS23, CS28, ITH, etc.)
- Perform PCDUCS costing which may include Month end closing task and resolution of erros.
Weekly Soft Close and Pre-Monthend check
Perform Enhanced Soft Close – Exceptions Report Analysis. Make proper judgement
and recommendation based on findings.- Prepare ICO Margin and PPV Analysis. Communicate results to local stakeholders and
- Review Automated Weekly/Monthly Soft-Closing (pre-close)
- Clean up of process orders with collaboration with Plant Accounting
- Performs OIM Clearing (Inventory, GRIR, FMD accounts)
- Approve MR11 depending on the amount granted per level as per global guidelines
- Prepares and sends PL-FIFO Mismatch Reports. Provides initial investigation and
recommendation to AP team.
Balance Sheet Account Reconciliation- Submits Balance Sheet Recon on Blackline on a monthly or quarterly basis depending
- Performs account reconciliation for Inventory, GRIR, FMD, and other transit accounts
- Identify and investigate variances, clean up ageing recon items
- Assists in providing supporting documents requests from SOX / Auditors. Perform
related SOX controls and prepares evidences on a monthly basis.
Operational Rhythm (meetings)- Participate and Facilitates in Daily Tier1/Huddles
- Attends and participate in pre-close, post-close, and BSR calls
- Participates and leads team engagements, pillar meetings, and department townhalls
- Provides guidance to other colleagues (associates and analysts)
- Assists on conducting process walkthroughs within the team, local stakeholders, and
auditors
Qualifications we seek in you!
Minimum Qualifications / Skills- or Finance-related degree. Solid financial accounting and internal control knowledge are required
- in inventory or product costing process is preferred (> 3 years to 5 years)
- or equivalent qualification is a plus
- in Shared Service Center for multinational corporation is preferred
- to communicate effectively with different stakeholders in the organization
- knowledge of SAP is an advantage
- in English
- for new assignment and willingness to learn. For example,
- to learn Legacy System (AS/400, PeopleSoft, etc.)
- functional and cultural communication skills
- oriented and enjoys working with operational processes
- client service and quality oriented mindset;
- approach to effectively and efficiently planning own workload
- to perform tasks with minimal supervision
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