Inventory Controller

JOB DESCRIPTION

Job Title: Senior Manager – Inventory Controller

Job Location: Bangalore

About Syngene :  Syngene (www.syngeneintl.com) is an innovation-led contract research, development and manufacturing organization offering integrated scientific  services from early discovery to commercial supply.

At Syngene, safety is at the heart of everything we do personally and professionally. Syngene has placed safety at par with business performance with shared responsibility and accountability, including following safety guidelines, procedures and SOPs, in letter and spirit

Mandatory expectation for all roles as per Syngene safety guidelines

• Overall adherence to safe practices and procedures of oneself and the teams aligned
• Contributing to development of procedures, practices and systems that ensures safe operations and compliance to company’s integrity & quality standards
• Driving a corporate culture that promotes environment, health, and safety (EHS) mindset and operational discipline at the workplace at all times.
• Ensuring safety of self, teams and lab/plant by adhering to safety protocols and following environment, health, and safety (EHS) requirements at all times in the workplace.
• Ensure all assigned mandatory trainings related to data integrity, health, and safety measures are completed on time by all members of the team including self
• Compliance to Syngene’ s quality standards at all times
• Hold self and their teams accountable for the achievement of safety goals
• Govern and Review safety metrics from time to time

Core Purpose of the Role :

Inventory controller - Monitors and maintains current inventory levels; processes review, improvements and investigates problems.

Role Accountabilities:

Inventory controller, manage inventory levels for businesses in all Operating units and develop inventory management systems, maintain stock levels, processes review, improvements and investigates problems. Ensures optimization of stocks and Material costs.

Leadership Capabilities:

1. Should be able to work with the cross functional teams and also with the  Senior management of the organization
2. Should have the Good  interpersonal skills
3. Should have the excellent Job knowledge and Analytical skills
4. Should be pro-active in nature

Syngene Values

All employees will consistently demonstrate alignment with our core values

•  Excellence
•  Integrity
•  Professionalism

Accountabilities as a Syngene Leader (only for Leadership Hires level)

• Champion effective Environment, Occupational Health, Safety and Sustainability (EHSS) practices for the company and oversee compliance with those practices within Biologics business. Play an active leadership role in monitoring and verifying safety performance through Gemba walks and other safety-led activities.
• Foster a corporate culture that promotes an environment, occupational health, safety, and sustainability (EHSS) mindset as well as the highest standards of quality, integrity, and compliance.

• Put people at the heart of our success by providing clear, active leadership defined by the Syngene leadership framework setting high standards of people management, career planning and talent retention as a priority.

Specific requirements for this role

Demonstrated Capability:

1. Should be able to work with the Senior people of the organization
2. Should have the Good  interpersonal skills
3. Should have the excellent Job knowledge and Analytical skills
4. Should be pro-active in nature

Education:

CA or ICWA (CMA) or MBA Finance from a premier Institute. Experience in Controlling module (CO module) is mandatory.

Skills and Capabilities

1. Strong working Knowledge in SAP – CO module is mandatory
2. Coordinate physical inventory counts and cycle counts
3. Investigate cycle counting variances and resolve issues
4. Update standard costs in the bill of materials
5. Review standard and actual costs for inaccuracies
6. Validate the cost of goods sold as part of the month-end close
7. Calculate month Inventory provisioning as per the policy
8. Accumulate and apply overhead costs as required by generally accepted accounting principles
9. Work with the materials review board to locate and dispose of obsolete inventory
10. Compliance and Audits (Statutory Audit / Internal Audit / IFC / Cost Audit)
11. Conduct ongoing process constraint analyses
12. Report on periodic variances and their causes, focusing in particular on spending variances
13. Analyze Inventory pattern and suggest for corrective action
14. Analyze Project wise Material cost
15. Construct data accumulation systems for various modules in SAP with relate to Inventory valuation
16. Create and review the controls and reporting system
17. Follow 100% compliance in Data security and Safety
18. Material Costing process: Guide and build end to end costing process for in partnership with stakeholders. Develop and execute material cost reduction strategies aligned to broader company objectives, including identifying process improvement programs for increased efficiencies and effectiveness. Ensure the organization has a robust material cost estimating process; hold responsibility for updating material cost.
19. Profitability and mitigation: Maximize profitability through material cost savings initiatives factoring in impact from sourcing strategy shifts, manufacturing practices, duty landscape, macro-economic variables, payment terms, logistics models, business and consumer needs. Be forward-looking.
20. Productivity / efficiency improvement: Facilitate material productivity improvement / level-loading programs with Supply partners and ensure resultant savings are fully realized.
21. Sourcing Strategy: Influence sourcing strategy through modelling impacts of potential decisions and shifts on overall material cost base and profitability.
22. Connectivity: Liaise with Supply, technical team, warehouse team and Finance Leadership; review material cost benefits realized in company P&L and balance sheet. Report out on progress, risk, and opportunities.
23. Team: Build, motivate and develop the material cost optimization across organization.

Equal Opportunity Employer:

It is the policy of Syngene to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by applicable legislation or local law. In addition, Syngene will provide reasonable accommodation for qualified individuals with disabilities.