Costing Specialist

20 hours ago

Petaling Jaya, Malaysia Nestlé Full time

**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, weare a human environment - passionate people driven by the purpose of enhancing the quality of life andcontributing to a healthier future. A Nestle 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 Nestle, you are enabled and encouraged to grow not only as professionals, but also as people.

**A day in the life of...**:
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 count 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

**What will make you successful**:

- 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

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