Cost Accountant

India

Bangalore, India

August 13, 2024

Imagine working at the forefront of innovation in fluid-flow technology, with over 1400 colleagues across the globe, and contributing to a legacy of excellence that spans eight manufacturing facilities on four continents. Armstrong Fluid Technology is more than just a leader in our industry; we are a community of the brightest and most creative minds, driven by a shared mission to engineer the future and safeguard our planet.

As a member of our team, you'll dive into an environment that encourages learning and boundary-pushing every day. You'll be part of an agile and dynamic workplace where today's solutions are built for tomorrow's challenges.

Key Accountabilities

[Financial Reporting]

• Prepare various inventory reports for Balance Sheet reconciliations
• Prepare operation executive summary package, i.e. margin, variance analysis, work with business partners to identify root cause and action plans
• Prepare operation variance reports on bi-weekly basis
• Participate in generating and validating Costing and Inventory related INFOR and PowerBi reports dashboard and KPIs for operation performance review
• Participate in prepare annual budget and forecasts

[Month-end Activities]

• Prepare inventory reconciliations and adjustment when needed
• Prepare inventory provision, accrual, GIT journal entries in INFOR system at the month-end
• Assist in the consolidation process to produce accurate and compliant financial statements for the entire corporation.

[Cost rolls]

• Perform ad-hoc cost rolls with reasonability check
• Participate in Quarterly cost rolls, work with business partner to validate the updates of cost
• components in BOM and routings and their corresponding rates
• Review standard costs and MAUC costs on regularly basis for reasonability, work with internal business partners for correct item master data, BOMs and routings

[Process Improvements]

• Identify opportunities to improve efficiency and accuracy in intercompany accounting processes.
• Implementing best practices and automated solutions to streamline intercompany transactions and reconciliations

[Work with Business Partners]

• Work closely with IT team in troubleshooting INFOR system issues
• Support PEG team in project revenue and COGS recognitions
• Support other cost accountants in all aspects of costing and inventory matters
• Maintain and develop strong working relationships with internal business partners for effective collaboration and achieving organizational goals
• Provide support during external audits by preparing requested documentation and explanations related to intercompany transactions and reconciliations

What We’re Looking For

To thrive in this role, you should bring:

• University Degree or equivalent in accounting, finance, or a related field is typically required
• Currently holding a CMA or other equivalent designation (CMA, CPA, etc.) is required

   

• 3 - 5 years’ experience working with engineering, manufacturing and distribution operations in an industrial environment is required
• Working knowledge of standard costing and production variances
• Proficiency in Microsoft Excel and accounting software, INFOR as an asset
• Strong analytical and data gathering skills
• A self-starter attitude with the ability to work independently
• Attention to detail, strong time management, organization skills and accuracy
• An ability to communicate openly and authentically in all situations
• Temporary hybrid working arrangement, subject to change. Three days per week at North America Eastern Time 6am – 2:30pm, two days per week on site at regular local working hours

Why Armstrong Fluid Technology?

By joining us, you’ll become part of a global community dedicated to pushing the boundaries of fluid-flow technology. You’ll have endless opportunities to learn, grow, and make a significant impact on the world. Together, we'll build tomorrow’s solutions today.