Costing Analyst

Nestlé SA; Chembong; On-site; MYR 60,000 - 90,000; Full time

Job summary

Nestlé, the world's largest food and beverage company, is seeking an Audit Coordinator to ensure compliance and manage financial assessments. This role involves coordinating audits, monitoring cost-saving projects, and working with various stakeholders to enhance operational efficiency. Ideal candidates will bring at least 3 years of audit experience and possess a strong ability to build relationships in a cross-functional setting.

Qualifications

• Minimum 3 years of experience in an Audit role.
• Experience in cross-functional teams.
• Good working relationships with stakeholders.

Responsibilities

• Monitor compliance with Nestlé requirements.
• Coordinate internal audits with external providers.
• Evaluate cost savings opportunities.

Skills

Audit background

Relationship management

Team player

Job description

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3+ years of experience

Position Summary

Joining Nestlé means you are joining the largest Food and Beverage Company in the world. At our very core, weare a human environment – passionate people driven by the purpose of enhancing the quality of life andcontributing to a healthier future. A Nestle career empowers you to make an impact locally and globally, as you are provided with the opportunity to make a mark and stand out, as long as you seek it. With Nestle, you are enabled and encouraged to grow not only as professionals, but also as people.

A day in the life of...

a)Make or Buy decision

• Coordinate with Financial Controllersfor a thorough make or buy assessment, to ensure that the most cost efficient decision is made, while supporting business growth and profitability.

b)Competitive Bidding

• Evaluate and validate the offer from co-man/co-filler/co-packer to ensure that it is competitive, working together with GP + Legal + Co-Man team
• Review tolling fee and validate increases (if applicable) to ensure that they are properly justified
• Review material losses clause to ensure it is aligned with direction/target that is expected of a Nestlé MYSG factory
• Review the reasonableness of any other clauses in the agreement pertaining to cost (e.g. financial component, warehouse storage fee, machine rental, etc.)
• Review and validate ad hoc claims/expenses from co-man/co-filler/co-pack where applicable, to ensure accuracy and validity of claims/expenses

c)Source to Pay

• PR/PO to co-man/co-filler/co-packer raised and approved on timely basis to avoid supply interruption
• PR/PO to co-man/co-filler/co-packer for additional ad hoc expenses, where applicable (e.g. OT for additional run requested by Nestlé, analysis cost agreed to be borne by Nestlé, etc.)
• Blocked/parked invoices related to co-man/co-filler/co-packer to avoid service interruption

d)Claims/Rebate

• Ensure any claims/rebate due from co-man/co-filler/co-packer are billed/raised timely
• Follow-up with co-man/co-filler/co-packer to ensure timely payment

e)Variances

• Monitor performance of weekly material usage variances for co-man/co-filler/co-packer
• Work with co-man/co-filler/co-packer to investigate root cause of any positive/significant negative variances, and define action plans
• Challenge co-man/co-filler/co-packer for continuous improvement on variances
• Ensure stock count are being conducted on a monthly basis and all material variances are properly investigated

f)Cost savings project

• Work with co-man/co-filler/co-packer to identify opportunities for material variances
• Identify opportunities for tolling fee reduction, with increase in volume, increase efficiency on the line, labor optimization, etc.

g)Audit/Compliance

• Monitor processes and practices in co-man/co-filler/co-packer to ensure that they are complying with Nestlé requirements and clauses stipulated in the agreement, e.g. insurance coverage for stock, storage condition in warehouse, Halal certified, etc.
• Coordinator for Nestlé Internal Audit with co-man/co-filler/co-packer

What will make you successful

• Minimum 3 years of experience working in Audit background
• Experience in working in cross-functional and networked organisation (internal and external providers)
• Able to have good working relationship with stakeholders and good team player

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 91.4billion sales in 2018, we have an expansive presence with 413factories in more than 85countries. 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.