Share this Job

Sr. Specialist, Product Costing

DEPARTMENT

The Global Finance Controllership organization is responsible for the following:

  • Ensuring legal entity executive reporting is accurate, timely, relevant and providing independent analysis on historical and forward looking financials information for Corporate Finance leadership;
  • Providing proper financial and accounting technical support cross-functional projects, among others in the M&A, Tax and Treasury arenas;
  • Ensuring IFRS compliance at all time in all internal and external reporting streams, providing timely and technically sound IFRS analyses and opinions on any relevant IFRS complex matters, demonstrating reasonable assurance and establishing sufficient internal controls over financial reporting;
  • Accurately and timely executing of the SABIC monthly consolidation process and the preparation of the IFRS quarterly and annual financial statements.

In the Global Finance Controllership organization, Product Supply team is responsible for the following:

  • Provide expert know-how regarding product costing and inventory valuation and coordinate respective project activities;
  • Governance on inventory valuation and product costing, including a pivotal role in the SABIC Global Product Costing Community;
  • Set and enforce standards on normal capacity, settlement rules to process orders, P/L variance reporting;
  • Evaluate tool and process options for ICP, conceptualize and roll-out Material Ledger usage under S/4 Hana as part of the implementation project;
  • Responsible for the design of value flows, master data standards and process enforcement for Product Costing;
  • Strong and direct support for controllers in manufacturing sites;

 

JOB PURPOSE & RESPONSIBILITIES

Be part and lead Product costing and Inventory valuation related projects to ensure proper governance, accounting expertise and IFRS / Local GAAP compliance;

Participate and contribute on Business, IT and external consultant meetings related to, but not limited to, project blueprinting, execution and go-live phases, IFRS and GAAP standards updates and internal audit findings;

Collaborate with regional controllers to define and monitor Product costing standards, implement improvements on data quality and provide know-how and templates on complex operating models;

Establish a close communication link with upstream management and deliver strategic reports to:

  • Finance leadership: provide planning information, flow of cost center costs to product costing; review accounting / business analysis and connect results with inventory valuation;
  • Non-finance leadership (Business, Mfg, SCM and Affiliate leaders): prepare executive product costing results and flow of sourcing, production, inventory movement data; provide process improvement proposals;

She/he is the main responsible to:

  • Support the new structure of product costing policy, guidelines, Standard Operating Procedures (SOPs);
  • Maintain quality rules in master data and transaction data for product costing (MD validation rules and costing review program) and design monitoring mechanisms to ensure proper execution of these data quality rules;
  • Organize and implement change proposals for improvement on costing data, system and operation process based on priorities;
  • Organize and deliver best practice by sharing and presenting during costing training to improve employee competencies

On top the following general and strategic aspects must be covered by the incumbent:

  • Build and develop an effective relationship with the relevant counterparts inside and outside the corporate finance team, in particular liaise with Enterprise Performance Management, Global Finance Operations and Affiliate teams;
  • On an ongoing basis, challenge the current cost flow and reporting processes status quo to identify improvement opportunities; suggest and support design and implementation of operational improvements that will positively affect upon service and cost performance;
  • Promote finance teams knowledge with the rest of the Financial Global Controllership team to improve the quality of reporting by sharing best practices.

 

MINIMUM EDUCATON/BACKGROUND REQUIREMENTS

  • University degree in Finance/Accounting
  • Desirable post-graduate executive programs in areas which include CPA,CMA, CFA
  • Broad and excellent knowledge of business administration/accounting requirements (IFRS)
  • Ability to work in a diverse, multicultural and hybrid environment
  • Strong communication and analytical thinking
  • 5-10 years working experience in Finance and Accounting with a focus on inventory accounting and product costing
  • Experience in drafting new and amending existing policies
  • Advanced knowledge of data / value flows and SAP functionalities
  • Good knowledge of inventory valuation and cost accounting
  • Good communication and presentation skills
  • Sound quantitative and analytical skills
  • Strong stakeholder management, people management, ability to develop talent and interpersonal skills
  • Accounting statutory requirements (IFRS)
  • Fluent in written and spoken English; multiple language ability an advantage

 

FURTHER INFORMATION

Please apply online by sending us your CV and motivation letter in English. Due to data privacy reasons, we do not handle any applications sent by email. For additional questions you can contact the Recruiter Glenn Duggert via glenn.duggert@sabic.com

 

Please be informed that a reference check, an employment verification and E-assessment are part of our recruitment process. A Certificate of Good Conduct can be requested depending on the level of the role in our organization and/or function, allowing us to request depending on local regulations. 

 
Responses from employment agencies will not be considered.

 

CHEMISTRY THAT MATTERS

The essence of SABIC is about powering ambition. Through what we do and how we do it, we power the ambitions of our customers, the society in which we operate, our business partners and our employees. Our focus puts our customers’ success at the heart of what we do. It also fuels individual development. It is grounded in a deep understanding of what customers want and what we can best offer them. To achieve this we strongly invest in our most important asset – our employees. We want to help you develop a career with us that challenges you in ways that really make you come alive. Make your career happen with SABIC.

 

SABIC is committed to creating a diverse work environment and is proud to be an equal opportunity employer and as such will not discriminate in its employment practices, including recruiting and hiring practices, based on a person’s race, color, religion, national origin, citizenship, sex (including gender identity, sexual orientation and pregnancy), age, disability, genetic information, veteran status, or other characteristics protected by law.