Position: Assistant Controller – Co-Manufacturing

Function : Finance & Control ; Band: 2; Location: Gurgaon

Purpose of the Job:

Decision support for Co-manufacturing Controller for comprehensive financial decision making through analysis on 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. Liaision with technical control & other stakeholders.

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Key Output:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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. 

6. Development and Talent                                                                                                                     

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

7. Knowledge Transfer                                                                                                                               

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

8.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.                          

9. Financial Simulations: Perform financial simulations, product costing & estimates for new product developments

10. Effective Vendor Negotiations: Liaision with vendors for conversion cost & scrap contract negotiations. Support procurement function with sharp negotiation inputs.

Key Relationships Internal to Nestlé Group:

Factory controller, Fixed Assets custodian and NBS team member and user in all locations

Key Relationships External to Nestlé Group:

External Auditor

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

1. Good knowledge of the 10 Corporate Business Principles and expert knowledge in areas of responsibility
2. Good understanding of the Nestlé Strategic Blueprint(s) 
3. Knowledge of product portfolio, brand profitability, business environment and competition.
4. Good understanding of the manufacturing conversion process, industrial footprint and physical / technical aspects of a factory
5. Solid grounding in value creation process and the full value chain of the manufacturing dimension
6. 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)
7. Thorough knowledge of Nestlé Costing Standards for Manufacturing and Nestlé reporting guidelines.
8. Thorough knowledge of Nestlé Accounting Standards (NAS), with expert knowledge in the functional area of Manufacturing
9. NCE literate with good understanding of NCE Foundations, Pillar Structure, methodologies and supporting tools eg) Loss Tree
10. Good working knowledge of relevant government regulations
11. Excellent knowledge of the Operation's functions (Manufacturing, Supply Chain, Procurement) and their primary activities
12 Nestle Profit and Loss/ Balance Sheet and its related to ROIC
13. Analysis skill using the relevant  systems and applications (SAP, Microsoft office )  

We are Nestlé, the largest food and beverage company. We are 308,000 employees strong driven by the purpose of enhancing the quality of life and contributing to a healthier future. Our values are rooted in respect: respect for ourselves, respect for others, respect for diversity and respect for our future. With more than CHF 91.4 billion sales in 2018, we have an expansive presence with 413 factories in more than 85 countries. We believe our people are our most important asset, so we'll offer you a dynamic inclusive international working environment with many opportunities across different businesses, functions and geographies, working with diverse teams and cultures. Want to learn more? Visit us at www.nestle.com.