Inventory Valuation and Performance Management Executive

Executive

1 Inventory valuation & consumption accounting - Ensure that various master parameters & various cost rates are maintained in IT system to facilitate inventory valuation, consumption accounting as well as for any other use; and carry out Monthly inventory valuation & consumption accounting in compliance with a. Relevant accounting & reporting standards b. Group as well as Internal guidelines

2 Performance management – Support Plant Controller to manage the performance of the organizational unit on MBO (management by objective) principle regarding product/project margins, failure cost, inventory etc by providing accurate & appropriate calculations a. Plan the relevant KPI (key performance indicators) for the forthcoming year / quarter and set the targets b. Track the actual performance on these KPI on comparable basis c. Identify the performance gap along with cause-effect relationship d. Discuss with the stakeholders responsible for the corrective actions e. Track the implementation of the actions & its intended vs. actual effects on the KPI      

3 Decision support - Support the decision making process by providing analytical information as per desired accuracy level & timeliness accompanied by own conclusion / recommendation backed by robust justification  

4 Compliance - ensure audit (statutory audit, cost audit, internal audit, NSS audit etc.) of all the relevant figures with sufficient explanations & justification regarding fairness of the transactions (qualitative & quantitative); support plant controller in ensuring overall statutory compliances in the plant  

5 Process improvement - identify & implement ideas of cost reduction, automations in routine activities, introduction of system-based controls in place of manual controls etc.

Experience Level

Executive Level