Costing Specialist

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Position Snapshot
Location: Petaling Jaya, Selangor
Company: Nestlé Malaysia
Full-time
Bachelor’s Degree
4+ years of experience

Position Summary
Joining Nestlé means you are joining the largest Food and Beverage Company in the world. At our very core, we are a human environment – passionate people driven by the purpose of enhancing the quality of life and contributing to a healthier future. A Nestlé career empowers you to make an impact locally and globally, as you are provided with the opportunity to make a mark and stand out, as long as you seek it. With Nestlé, you are enabled and encouraged to grow not only as professionals, but also as people.

a)Make or Buy decision

• Coordinate with Financial Controllers for a thorough make or buy assessment, to ensure that the most cost-efficient decision is made, while supporting business growth and profitability.

b)Competitive Bidding

• Evaluate and validate the offer from co-man/co-filler/co-packer to ensure that it is competitive, working together with GP + Legal + Co-Man team
• Review tolling fee and validate increases (if applicable) to ensure that they are properly justified
• Review material losses clause to ensure it is aligned with direction/target that is expected of a Nestlé MYSG factory
• Review the reasonableness of any other clauses in the agreement pertaining to cost (e.g. financial component, warehouse storage fee, machine rental, etc.)
• Review and validate ad hoc claims/expenses from co-man/co-filler/co-pack where applicable, to ensure accuracy and validity of claims/expenses

c)Source to Pay

• PR/PO to co-man/co-filler/co-packer raised and approved on timely basis to avoid supply interruption
• PR/PO to co-man/co-filler/co-packer for additional ad hoc expenses, where applicable (e.g. OT for additional run requested by Nestlé, analysis cost agreed to be borne by Nestlé, etc.)
• Blocked/parked invoices related to co-man/co-filler/co-packer to avoid service interruption

d)Claims/Rebate

• Ensure any claims/rebate due from co-man/co-filler/co-packer are billed/raised timely
• Follow-up with co-man/co-filler/co-packer to ensure timely payment

e)Variances

• Monitor performance of weekly material usage variances for co-man/co-filler/co-packer
• Work with co-man/co-filler/co-packer to investigate root cause of any positive/significant negative variances, and define action plans
• Challenge co-man/co-filler/co-packer for continuous improvement on variances
• Ensure stock counts are being conducted on a monthly basis and all material variances are properly investigated

f)Cost savings project

• Work with co-man/co-filler/co-packer to identify opportunities for material variances
• Identify opportunities for tolling fee reduction, with increase in volume, increase efficiency on the line, labor optimization, etc.

g)Audit/Compliance

• Monitor processes and practices in co-man/co-filler/co-packer to ensure that they are complying with Nestlé requirements and clauses stipulated in the agreement, e.g. insurance coverage for stock, storage condition in warehouse, Halal certified, etc.
• Coordinator for Nestlé Internal Audit with co-man/co-filler/co-packer

• Minimum 4 years of experience working in Audit background
• Experience in working in cross-functional and networked organisation (internal and external providers)
• Able to have good working relationship with stakeholders and good team player