Nestle

Global branded foods and beverages producer

Costing Analyst

Cost & Management AccountingUpdated on Nov 14

Full-timeChembong, Negeri Sembilan, MalaysiaNo salary listedIn-person

About the Job

Requirements

A minimum of 3 years of experience working in an audit background.
Experience working in a cross-functional and networked organization with internal and external providers.
Ability to maintain good working relationships with stakeholders.

Responsibilities

Coordinate with Financial Controllers on make-or-buy assessments to support cost-efficient decisions, business growth, and profitability.
Evaluate and validate offers from co-manufacturers, co-fillers, and co-packers to ensure competitiveness, working with the GP, Legal, and Co-Man teams.
Review tolling fees and validate any increases to ensure they are properly justified.
Review material-loss clauses to ensure they align with the direction and targets expected of a Nestlé Malaysia/Singapore factory.
Review the reasonableness of agreement clauses pertaining to cost, including financial components, warehouse storage fees, and machine rental.
Review and validate ad hoc claims and expenses from co-manufacturers, co-fillers, and co-packers for accuracy and validity where applicable.
Ensure purchase requisitions and purchase orders for co-manufacturers, co-fillers, and co-packers are raised and approved on time to avoid supply interruption.
Raise purchase requisitions and purchase orders for additional ad hoc expenses where applicable, such as overtime for additional runs requested by Nestlé or analysis costs agreed to be borne by Nestlé.
Resolve blocked or parked invoices related to co-manufacturers, co-fillers, and co-packers to avoid service interruption.
Ensure claims and rebates due from co-manufacturers, co-fillers, and co-packers are billed or raised on time, and follow up to ensure timely payment.
Monitor weekly material-usage variances for co-manufacturers, co-fillers, and co-packers.
Work with co-manufacturers, co-fillers, and co-packers to investigate the root causes of positive or significant negative variances and define action plans.
Challenge co-manufacturers, co-fillers, and co-packers to continuously improve variances.
Ensure monthly stock counts are conducted and material variances are properly investigated.
Work with co-manufacturers, co-fillers, and co-packers to identify opportunities related to material variances.
Identify opportunities to reduce tolling fees through increased volume, improved line efficiency, and labor optimization.
Monitor co-manufacturer, co-filler, and co-packer processes and practices for compliance with Nestlé requirements and agreement clauses, including stock insurance coverage, warehouse storage conditions, and Halal certification.
Coordinate Nestlé internal audits with co-manufacturers, co-fillers, and co-packers.

Position Snapshot

Location: Chembong, Negeri Sembilan
Company: Nestlé Malaysia
Full-time Bachelor’s Degree

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 Controllers for 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 91.4 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.

About the Company

Nestle

Global branded foods and beverages producer

Nestlé manufactures and markets branded foods, beverages, pet care, and nutrition products in about 185 countries. Its products are produced at scale and distributed through retail, foodservice, and direct-to-consumer channels, backed by a global R&D network. Distinctive factors include its enormous global footprint, a diversified lineup from coffee to pet care to infant nutrition, and the combination of retail plus professional channels. Its goal is to provide reliable, high-quality nutrition to people worldwide while advancing nutrition science through its research and brands.

Company size: 10,001+
Company stage: IPO
Headquarters: Vevey, Switzerland
Founded: 1866

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