BASF - Precious Metal Controller & Business Analyst - CA

BASF shares a rich history with India spanning more than a century. With our vast knowledge in the field of chemistry, we manufacture high-quality, innovative products that cater to a wide range of industries. BASF in India has 9 production sites, 2 R&D centers and more than 2,000 employees and is well positioned to meet the current and future needs of the ever-growing Indian market.

Requirements

Location: Chennai

Qualification: CA Preferred, may consider exceptional Cost and Management Accounting

Experience: Minimum 4 years; Good working knowledge in ERP and MS Excel and MS PowerPoint

Objectives of the position

- To assist site controller via directing and supervising the physical Precious metal (PM) accounting team to implement the physical precious metal management policies/procedures and practices including preparations of financial/management accounts, reporting, policy, etc. in an efficient manner resulting into economic results as per the regional and global guidelines.

- To handle Precious metal Supply chain so that precious metal is available for Production to meet customer requirements.

- Try to ensure Optimum levels of inventory so that Site Div Targets can be met.

- To ensure complete pass through of Precious metal prices to customers and track realization of the same

- To handle various reporting requirements for the region and country platform and ensure timelines are met

- To finalize the functional accounting as per Indian Accounting Standards and support business in budgeting process.

Main Tasks

- Lead PM physical activity, ensure any major physical booking gap or risk are highlighted to Controller. Also plan / record and lead year end closing PGM stock taking this includes preparation of PM Metrics, PM Gain/Loss reports and Committed Metal Account within the stipulated timelines.

- Support site controller/management team of PM financing, risk analysis aging analysis and control etc.

- To analyze Precious Metal (PM) price recovery from the customers and indicate over recovery or under recovery to the sales team and following up with them for collections of under recoveries if any.

- Planning for PM purchases every month and place orders after organizing the meeting with the sales team and the finance controller. Monitor PM DIV constantly and take steps to maintain at the optimum level.

- To ensure all ledger entries relating to PM are booked during the relevant period. To ensure PM PRO inventory balances match with the physical inventory.

- To handle financial reporting requirements like flash results, Sales reports, budget etc.

- To handle Cost Audit and ensure that the Audit report is filed within the timelines to ensure compliance

- To handle Customer duty drawback request

- To monitor regular fixed asset accounting and to co-ordinate with BASC MA team on matters relating to Product costing.