3M Global Service Center, Philippines was established to provide first-class business services to 3M Companies across the region.
If you are looking for a career in an open, creative, passionate environment and would like to participate in creating something new - apply today!
Persons hired for the Inventory Accounting Senior Analyst position will be responsible for providing Inventory accounting and costing services to 3M subsidiaries in APAC.
This position will work as a liaison with local country finance and inventory management teams and be the primary contact for all inventory-related concerns.
As 3M is currently undergoing a journey of business transformation involving the deployment of SAP to its subsidiaries from its existing Legacy system, this role may be requested to work in both SAP and Legacy system countries during the transition period.
Inventory Accounting Senior Analyst responsibilities will include, but not be limited to the following :
Provide inventory accounting and costing services to 3M subsidiaries.
Proactively and independently respond and / or address inventory-related queries / issues.
Responsible for the preparation of inventory-related manual journal entries
Responsible for timely balance sheet account reconciliation
Detail of monthly activities will be, but not limited to : leading inventory closing operations for 3M subsidiaries and support system operations.
Keep inventory ledger accounts compliant with 3M standards.
Detail of weekly activities will be, but not limited to analyzing & reporting variance information, unit cost update and run costing for new material numbers including working closely with MDM and country finance teams for issue resolution
Provide support during the transition from Legacy to SAP, if applicable
Enhance KPIs to improve productivity and service quality
Ensure compliance to 3M Financial Standards, SOX and other regulations
Participate in projects, for example : accounting centralization activities from the region, etc.
Continuously work towards introducing and implementing continuous improvement ideas
Engage in ad-hoc activities such as internal / external audit, tax audit, etc.
Basic Qualifications :
Accounting degree and working experience in Finance and Accounting area. Solid financial accounting and internal control knowledge are required Minimum 5 year experience
Inventory accounting experience is required Minimum 3 years of experience. Knowledge for standard costing is highly considered
Working knowledge of SAP minimum 3 years
Experience in Shared Service Center for multi-national corporation is preferred 3 years of experience
CPA or equivalent qualification is preferred
Flexible for new assignment and willingness to learn. e.g Ability to learn legacy system (AS / 400, PeopleSoft, etc)
Cross functional and cultural communication skill
Detailed oriented and enjoys working with operational processes
Highly client service and quality oriented mindset;
Structured approach to effectively and efficiently planning own workload
Team oriented person
Working knowledge of Microsoft Excel