Stock & Costing Analyst
- offer expired a month ago
- contract of employment
- specialist (Mid / Regular)
For our client , an international manufacturing company, we are looking for an experienced Stock & Costing Analyst.
The main purpose of this role is responsibility of ensuring the accuracy of all facets of inventory across the company sites and provide weekly and monthly management reporting on inventory accuracy. This will involve monthly visits to each on-site and off-site locations, auditing current procedures and controls, suggesting improvements where necessary, and enforcing best practice across all areas of inventory. This role covers also costing aspects related to inventory valuation (FIFO process) and right stock provisioning according to the company Accounting Manual.
Perform monthly PI Audit checks for each site, on each area of inventory including Finished Goods, Spare Parts and Raw Materials where possible. Spot check a diverse sample of inventory at each site visit ranging in value, quantities, areas and bins. Ensuring the accuracy of inventory to the SAP system, and the level of adherence to the inventory procedure – trying to achieve a minimum accuracy of 98%.
Support month end closing process in terms of inventory valuation and provisioning, aged stock report, trackers, stock report, and slides.
Reconciliation of physical inventories with books records and SAP system
Perform an analysis of the current procedure for inventory counting with the following aims; maintain a standardized process across all sites and improve the reporting, approval processes and monitor areas of responsibility where necessary/appropriate.
Run SAP reports for all inventory movements and ensure the correct procedure has been followed, e.g. reason coding for all scrapped finished goods and approved in accordance with the Divisional authority matrix
Review in SAP all inventory held in temporary storage areas.
Sub-contracting Process / Third party inventories
Produce monthly reporting on all sub-contractor/ third party Inventory movements and reconcile the goods movement general ledger accounts. Receive monthly Inventory counts from the vendors / third party holding any company Inventory.
Investigate the Bill of Materials for sub-contracted products to understand why Inventory gains/losses are required to be transacted by the logistics team.
Inventory reporting – Blocked status Inventory and Obsolete Inventory reports
Responsible for assessing slow moving obsolete inventory and taking corrective actions to minimise the cost of obsolete inventory. This will include taking an active role in the monthly obsolescence meeting between relevant departments to review the items falling into the obsolete category, and scrutinise why certain items fall into this category.
Review blocked inventory on a monthly basis at each of the sites mentioned above and liaise with the quality department on items not being reviewed in a timely manner. Provisions will need to be provided for any items that could potentially be sub-standard.
Produce a more in-depth report on aging categories for blocked status items and provide a summary of all of the inventory blocked and falling into obsolete, with a detailed analysis. Generate early warning reports preventing slow moving and obsolete stock increase. Play active role in reduction slow movers and obsoletes
Performing costing for right Inventory valuation.
Supporting the maintenance and housekeeping of costing system – including supporting in the development of a Standard costing charter.
Supporting preparation, review and update of standard product costs.
Analysis of Production and Purchase Price Variances. Regular control of stock transfers between plants and companies across the group.
Ensuring compliance with the the Group accounting manual.
Provide support and assistance to the Costing Leader during the Internal Audit process, ensuring all inventory controls are in place and are being adhered to.
Provide support and assistance to the Costing Leader during the annual external audit process, ensuring all inventory controls are in place and are being adhered to.
Build trusted relationships with key personal across the business operations, and when appropriate provide healthy challenges and collaborative support to enhance future performance.
Provide support to the Costing Leader as and when required in relation to the requirements of the role. This will include potential improvements to current reporting and standard procedures.
Financial background is a must (preferably in controlling)
Good knowledge of SAP
Experience in a manufacturing organisation.
The ability to challenge current processes.
Good Excel skills and the ability to manipulate data.
Fluent in English in oral and written form
What employer offers
Devire is an international company specializing in recruitment, outsourcing and employer branding services. For more than 30 years, we have represented leading employers on the European market, by carrying out comprehensive recruitment projects, implementing the latest solutions in the area of IT services and by supporting in building the image of the employer of choice. Our offices are located in Warsaw, Wroclaw, Poznan, Katowice as well as Munich, Frankfurt, Prague and Hradec Kralove.