Cost Accounting -Team Lead

Location: Bengaluru

This job is with ABB, an inclusive employer and a member of my Gwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

At ABB, we help industries outrun - leaner and cleaner. Here, progress is an expectation - for you, your team, and the world. As a global market leader, we’ll give you what you need to make it happen. It won’t always be easy, growing takes grit. But at ABB, you’ll never run alone. Run what runs the world.
This Position reports to:
Accounting & Reporting Manager - General Accounting
Take your next career step at ABB with a global team that is energizing the transformation of society and   industry to achieve a more productive, sustainable future.

At ABB, we have the clear goal of driving diversity and inclusion across all dimensions: gender, LGBTQ+,   abilities, ethnicity and generations. Together, we are embarking on a journey where each and every one of us,   individually and collectively, welcomes and celebrates individual differences.

You will be working as Team Lead-Cost Accounting and will be reporting to Cost Accounting
- Manager and
will be a part of Bangalore, India. In this role you will be primarily responsible for leading a group or team focused on the complete, accurate, and timely completion of Fixed Assets Accounting & Reporting and related activities within the General Accounting (GA) team. Ensure compliance with internal guidelines and procedures as well as external regulatory requirements

Your responsibilities
Performing general accounting activities and recording financial transactions.
Conducting investigations and reconciliations of accounts as necessary for any discrepancies.
Executing accounting analyses and reports in support of finance and business leaders.
Producing reports, statement of accounts, reconciliations, statements of sourcing
Month end book closing activities
Living ABB’s core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues, and the business.
Basic Knowledge of Result Analysis on Sales & Distribution, CRM Orders, Projects, Material master modules in SAP.
Basic Knowledge on Over Head rates calculation and Inventory accounting process.
Analysis of overhead under / over absorption indicating root cause.
Performing cost / benefit analysis and analysis of inventories, NWC
Validating accuracy of financial data and business information and reports by performing reconciliation and review of exceptions.
Optimize own performance to increase productivity by developing automated solutions, eliminating duplications, coordinating information requirements.
Identify areas for process / report standardization across different countries, divisions and business units. Maintain proper audit trail and documentation for future tax / internal / external audits and reviews
Maintain SOPs for all activities performed.
Basic Knowledge of Result Analysis on Sales & Distribution, CRM Orders, Projects, Material master modules in SAP.
Basic Knowledge on Over Head rates calculation and Inventory accounting process.
Develop, monitor, and manage secondary cost elements in cost accounting systems.
Ensure accurate assignment and allocation of costs to appropriate cost elements.
Cost Reporting and Analysis:
Generate and analyze regular and ad-hoc cost reports, highlighting trends, variances, and opportunities for cost optimization.
Cost Management Reorganization:
Lead the reorganization of cost elements, cost centers, and cost structures to align with new business models or organizational changes.

Your background
A master’s degree MBA/Mcom or Preferably CMA.
For experienced Team lead, we are looking forward to 8 to 10 years’ experience on SAP & Cost Accounting Experience.
Outstanding attention to detail, accuracy, and ability to multitask.
Strong written and verbal communication skills.
Ability to work with diverse teams across different countries & Manage 10 People Team.
Problem solving skills

More about us

ABB Finance is a trusted partner to the business and a world-class team who delivers forward-looking insights that drive sustainable long-term results and operates with the highest standards
We look forward to receiving your application (documents submitted in English are appreciated). If you want to discover more about ABB, take another look at our website   .

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