Cost Controller

Dr Reddy's Laboratories Limited, Biologics Unit

Financial Month end Closing, Inventory Management & Monthly MIS:

1. Correct valuation of inventory, Classification of R&D and Non R&D inventory for provisioning, Material cost validation and maintain hygiene in Inventory GLs.
2. Analyze the inventory ageing and risk inventory like slow moving and near expiry and discuss it with concern teams like production and frontend to mitigate it.
3. Quarterly working of overhead activity rate for SAP upload for product costing and inventory valuation.
4. Review and accounting of Material Provisions like R&D, Slow Moving, Quality Issues, Near Expiry, Expiry, NRV etc. in order to ensure the accounting as per company policy.  
5. Review the COGI errors, posting errors and confirmation of TECO completion on monthly basis with production team.
6. Review of Shop Floor Stock, Stock in Transit, Stock at Vendor Location, Pending GRN in order to ensure that there are no long pending items
7. Ensure the BPC activity completion with 100% accuracy within given timelines.
8. Month end closing MIS share with BU finance head. Inventory MIS with details like category, ageing and risk inventory share with operation team.
9. SKU/Country/Region wise cost allocation and profitability analysis. Analyze the variances like cost and sales variance with plan. 
10. Inventory MIS - Analyze the inventory and share the insights with respective stakeholders and enable them optimizing the inventory level.
11. Analytical review reports like gross margin AR, Overhead AR etc.

Budget :

1. Based on the sales estimate, workout the raw material budget and share it with SCM. Interact with cross functional team like production, Quality, SCM etc. To get the details like BOM, procurement rates & sample cost etc. 
2. Workout the budget cost based on the sales projection with proper indirect cost allocations. Analysis of budget cost, capacity utilization and product profitability.

Audits & Compliance:

1. Cost Audit completion on time with 100% accuracy. Ensure the compliance to cost accounting record and rule requirements as prescribed by the statute.
2. Conduct half yearly Stock Audit and ensure the successful completion.
3. Support in Statutory / Internal / SOX Audit with proper explanation and documentation. Ensure the completion and quality of relevant documentation ( SOX, SOP, etc.)

Business Partnering :

1. Facilitate the right support to business teams in terms of costing requirements; guide and support them in decision making in the areas of pricing, outsourcing; guide and facilitate automation efforts.
2. Facilitate development team with the cost of future products to support for selection of best available process and cost optimization at early stage itself.
3. Ensure the generation of relevant and useful analytics in the areas of inventory and costing to identify the gaps; facilitate corrective actions at the time of review meetings with cross functional team like production SCM etc.
4. Ensure the lower material wastage by providing probable CoPE details to respective unit to avoid expiry.
5. Ensure Inventory levels under norms through highlighting the exceptional.

Other Activity:

1. Support operation team and cross functional team to manage and improve plant financials.
2. New code creation approval with standard costing run.
3. Review master data like BoM, Recipe, Activity type for error free costing.
4. Share the price for GR waiver and to support for NRGP process.
5. Identify the need of automation and lead various ongoing automation projects.

• A qualified Cost Accountant with 5-7 years of experience.

1. In-depth understanding of Costing Methodology & Inventory Analysis.
2. Excellent knowledge in SAP CO module. Fair understanding of SAP's other modules likes PP, MM, FI etc.
3. Excellent command over excel & power point.
4. Good communication and interpersonal skills.    
5. Good in handling digitization projects independently.