Bangalore, Karnataka, India
Experience :
Not Specified
Closes on :
Jul 14, 2024
Job Description
The position is to analyze Direct Material Cost at Product Level and perform analysis on Procurement Results and overall material cost impact. The role requires managing IT developments such as Power BI dashboards and prioritizing improvement ideas.
Responsibilities:
- Analyze Direct material model (for both ACT and FCST)
- Provide analysis for all material cost accounts (NPI Scrap, Mix impact, FX Impact) and explain all variances versus given baseline (Prior Year, Official Forecast, AOP) for entire Garrett material cost
- Build reports and database for Material Cost to provide analysis on Material cost walk vs Prior year, 5+7, 8+4, and AOP
- Monthly, Quarterly and Year-end Accrual management (FIFO, Parked invoices, Inventory revaluation)
- Prepare monthly risks and opportunities versus given baseline and share them with Core FP&A team
- Key contact for inputs to the central FP&A team related to Garrett Material Cost, Material Productivity in Garrett, and inputs to controllership for all accounting bookings
- Drive standardization between Garrett entities on material cost accounts and how they are used in accounting entries
- Make the connection between Material cost results with impact in Material Margin and offer support to solve strange material margin
- Build a database of Material cost to be used for analysis on Volume Variance and challenge assumptions of material cost
- Build Reporting Structure for Material Cost using Power BI or other visualization dashboards
- Manage IT projects within the team and drive improvement ideas
- SPOC for all IT tools and development processes
Qualifications & Experience:
- Bachelor’s Degree in Finance and Accounting; MBA or CWA will be an added advantage
- 3-5 years of experience in Financial Planning & Analysis and Material Cost accounting
Key Skills:
- Financial analysis
- Cost Accounting
- Cost Management
- Power BI Dashboard Development
- IT Management
About Us:
This is an exciting time to join Garrett Motion! Garrett is one of the automotive industry's most iconic brands, a global innovator and technology leader that enables vehicles to be cleaner, more efficient, and connected. With a nearly 70-year legacy, we serve customers worldwide with passenger vehicle, commercial vehicle, aftermarket replacement, and performance enhancement solutions. Our comprehensive portfolio of emission-reducing and zero-emission solutions advance sustainable motion, from world-class turbocharging and electric boosting technologies for hybrids to electrified powertrains and automotive software. With innovations that combine the best of mechanical and electric, Garrett is redefining zero-emission automotive technologies.
About the Team:
The Garrett Finance organization drives financial processes to support the business and function organizations and maximize investment synergies while maintaining an internal control environment to ensure compliance with applicable laws, regulations, and company policies. It is also responsible for the company's Risk Management process to ensure that adequate risk mitigation efforts for the business are in place, and guarantee the integrity of all external and internal financial reporting.