Nestle Hiring Account, Finance Graduates: Check More Details

Nestle is hiring eligible and interested applicants for the post of Assistant Controller - Co-Manufacturing at their Gurgaon, India location.

Job Update: Account, Finance Graduates Vacancy at Nestle

Neha Sharma | Oct 24, 2024 |

Nestle Hiring Account, Finance Graduates: Check More Details

Nestle Hiring Account, Finance Graduates: Check More Details

Overview:

Nestle is hiring eligible and interested applicants for the post of Assistant Controller – Co-Manufacturing at their Gurgaon, India location. Decision support for Co-manufacturing Controller for comprehensive financial decision-making through analysis of all cost elements. Identify & Drive cost optimization projects across the Co-Man locations. Support decision-making on dynamic forecasting process & Transfer pricing. Custodian for period end closings (PEC) ensuring physical verification of inventories, accounting estimates & other PEC inputs. Provide visibility around costing-related situations associated to the Co-Man processes by driving relevant/ad-hoc analysis. Ensure adherence to financial, legal & Indirect Tax requirements & NAS (Nestle accounting standards). Ensure compliance to internal controls, budgeting for material loss standards & controlling the variances.Liaison with technical control & other stakeholders.

To complete details for this job are as follows.

Role and Responsibilities:

Continuous Cost Improvement

  • Challenge assumptions in seeking cost improvements for co-manufacturing. Seek for and support cost improvement opportunities, be an active contributor to improvement projects and initiatives, validate and review proposed savings. Able to represent the Co-Manufacturing
  • Controller in NCE day to day activities ensuring the elements of compliance and governance are consistently followed as part of the NCE roll-out.

Reporting and Analytics

  • Coordinate reporting of actuals (including organizing and overseeing timeliness and accuracy of period-end close, and promoting ownership of data at source); and forecasts for co-manufacturing; ensure transparency of this process; follow up and monitoring of progress to close gaps, ensuring Nestle financial policies, Accounting Standards and Costing Standards are followed.

Strategic Evaluations

  • Ensure costing objectives of the co-manufacturers are reached by continuously identifying and promoting cost reduction initiatives to Co-Manufacturing Controller and Management, with collaborative support from the Co-Manufacturing Incharges and the Focused Improvement leader.

Business Planning & Variance Analysis

  • Participate in business planning; prepare and coordinate the standard cost budgeting with co-manufacturing controller and factory teams; Perform forecasts, revisions or simulations as required. Perform periodic variance analysis from the defined standards & drive actions.

Internal Controls

  • Support the co-manufacturing controller on best practice implementation in order to demonstrate robust internal controls around all assets and liabilities within the factory.

Development and Talent

  • Support the Factory Controller in developing the factory finance personnel as individuals and as a team, including career and succession planning.

Knowledge Transfer

  • Promote clear understanding of financial key figures and costing within the co-manufacturing teams , including organizing training sessions for non-specialists.

Compliance to accounting & tax regulations

  • Coordinate routine audit activities within the co-manufacturing to ensure compliance on critical areas eg) NAS, Costing Standards and appropriately escalate business risks. This includes standard routines to audit critical areas eg) inventory counts. Ensure compliance to tax regulations and provide guidance to co-manufacturing teams for GST related concerns.
  • Financial Simulations: Perform financial simulations, product costing & estimates for new product developments
  • Effective Vendor Negotiations: Liaision with vendors for conversion cost & scrap contract negotiations. Support procurement function with sharp negotiation inputs.

Key Experiences:

  • Degree in Business/Finance and/or Accountancy Qualification etc…
  • Prior 2 year experience in Accounting / Finance function (e.g.: Costing, Accounts Payable, ideally within a factory or supply chain)
  • Extensive Experience of local and International Accounting Standard
  • Good Command of English
  • Knowledge: Nestlé Corporate / Functional / Market / Business / Organizational
  • Good knowledge of the 10 Corporate Business Principles and expert knowledge in areas of responsibility
  • Good understanding of the Nestlé Strategic Blueprint(s)
  • Knowledge of product portfolio, brand profitability, business environment and competition.
  • Good understanding of the manufacturing conversion process, industrial footprint and physical / technical aspects of a factory
  • Solid grounding in value creation process and the full value chain of the manufacturing dimension
  • Solid understanding of business processes, internal controls, the GLOBE best practices & systems supporting these E2E processes and functional best practices (particularly Finance & Control and Operations – Manufacturing)
  • Thorough knowledge of Nestlé Costing Standards for Manufacturing and Nestlé reporting guidelines.
  • Thorough knowledge of Nestlé Accounting Standards (NAS), with expert knowledge in the functional area of Manufacturing
  • NCE literate with good understanding of NCE Foundations, Pillar Structure, methodologies and supporting tools eg) Loss Tree
  • Good working knowledge of relevant government regulations
  • Excellent knowledge of the Operation’s functions (Manufacturing, Supply Chain, Procurement) and their primary activities
  • Nestle Profit and Loss/ Balance Sheet and its related to ROIC
  • Analysis skill using the relevant systems and applications (SAP, Microsoft office )

Disclaimer: The Recruitment Information provided above is for informational purposes only. The above Recruitment Information has been taken from the official site of the Organisation. We do not provide any Recruitment guarantee. Recruitment is to be done as per the official recruitment process of the company or organization posted the recruitment Vacancy. We don’t charge any fee for providing this Job Information. Neither the Author nor Studycafe and its Affiliates accepts any liabilities for any loss or damage of any kind arising out of any information in this article nor for any actions taken in reliance thereon.

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