CA, CMA, MBA Vacancy at Philips

Overview:

Philips is hiring an experienced FP&A Analyst – Asst Manager (Product Costing) at their Chennai location. In this role, you have the opportunity to Set up costs for the products that you produce and support aspects of the manufacturing environment by 1) Product costing (detailed information) for material, labor, and overhead. 2) Cost reporting (what does the item really cost to produce) & Variance reporting (actual versus standard costs).

The complete details of this job are as follows:

Roles and Responsibilities:

• Standard Cost responsibility for purchased items, involving the interface with purchasing, materials and manufacturing departments to determine material values used to set standard cost on an ongoing basis for the annual cost build.
• Analysis of Purchase Price Variance. Includes analysis on a weekly and monthly basis, generating schedules with information on the variances.  Also, accounting closing as related to the variances and accruals.
• Product Cost analysis – Absorption | Production Order
• Product Cost Reporting – WIP, Inventory, Production order ageing, Cycle count & CONQ
• Manufacturing overhead analysis. – Mat. Price Variance/Mat.Mix Variance
• Record labor & overheads for systems produced.
• Inventory Evaluation and Reserves are Appropriate
• E&O | Scrap
• Other monthly closing and year-end activities as required specific to Product costing
• Calculation of Factory cost price (FCP ) for Finished & Semi finished products
• Ad-hoc analysis support to Plant Finance Business partner, Mfg. Operations controller.
• Adherence to SOX / internal control standards (ICS) for Material consumption & variance.

Eligibility Criteria:

• The department CoE FP&A Operations at Philips We work with leading stakeholders in the area of Supply Chain Management /Manufacturing Operations .  We work with all Philips businesses worldwide and different function in Philips.
• To succeed in this role, you should have the following skills and experience
• Finance professional (CA/CMA/MBA) with minimum 3 years of experience in Product Costing
• Understanding of goods flow and the impact on import duties
• Drive footprint discussions, drive discussion with the business
• Experience with IT projects
• Understanding building , testing and deploying IT Applications
• Knowledge of SAP for commercial and industrial use is a pre

Analysis skills

• Understand the actuals vs forecast and give insight views on this
• Perform monthly reporting/ quarterly reporting and make targets well underpinned
• Influence various expert and management layers
• Integrate contributions from several business functions like Finance, Supply chain, Procurement and IT

Other skills

• Able to collaborate across cultures and disciplines
• Bring people together around a common understanding
• Managing the balance between taking ownership and delegation
• Flexible and stress resistant to deal with a very dynamic environment
• An inquisitive quick learner
• Experience in MS Office applications SharePoint, PowerPoint and Excel & Power BI
• Good in English

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