Factory Costing Executive

Location: Dong Nai, Vietnam

Position Snapshot

• Working location: Nestlé Tri An Factory (Amata IZ, Dong Nai)
• Working time: Mon-Fri (08:00 – 17:15)
• Reporting line: Factory Controller

Main Job Purpose

To support and assist the Factory Controller in delivering the business partnering role to support Factory Management in decision making process

• To be the key finance support for the shop floor to drive potential cost improvements and recommend corrective actions
• Accurate analysis and interpretation of factory variances
• Ensure no misappropriation of factory asset control

Key Responsibilities

• Monthly variance reporting: Execute and analyze monthly variance reports for Fixed Factory Overhead (FFOH), Material Price, Zero Material Unit Variance (ZMUV), Local Unit Value (LUV), and Cost of Goods Sold (COGS).
• Ensure the accuracy of data for period-end closing, financial reporting, budget processing, and compliance with Nestlé Accounting Standards (NAS) and Costing Standards for Manufacturing (CSM).
• Budget Collaboration: Work closely with relevant departments to develop the annual factory budget, update demand forecasts, and revise actual expenses on a monthly basis.
• Inventory Forecasting: Collaborate with departments to forecast ending inventory and manage the write-off of materials and spare parts in support of working capital reviews and insurance purposes.
• New Product Costing: Deliver new product costing and provide costing data for decision-making support to the Supply Chain Controller, in consultation with R&D and other stakeholders.
• Assets Management: Assist engineers in classifying fixed assets and validating depreciation rates to ensure alignment with Nestlé Accounting Standards.
• Waste Monitoring: Monitor waste and scrap levels against targets, reporting deviations and implementing corrective action plans as necessary.
• Inventory Management: Conduct periodic inventory counts, monitor stock results, and assist in following up with stock owners for corrective actions.
• Costing Improvement Initiatives: Challenge existing assumptions and identify opportunities for factory cost improvements. Act as a cost controller, providing costing advice and simulations for new projects/products.
• Costing Awareness Training: Increase awareness of costing among non-financial staff through coaching and training.
• Compliance Support: Support the factory controller in leading compliance initiatives to ensure adherence to best practices and robust internal controls around costing.
• Support the factory controller on best practice implementation in order to demonstrate robust internal controls around costing respects
• Continuous Improvement Participation: Engage in and implement factory programs and activities related to Nestlé Continuous Excellence, Total Productive Maintenance (TPM), 5S, occupational health, safety, and environmental initiatives.

Requirements

• Bachelor’s degree in Finance/ Management Accounting / Economics or related majors
• A minimum of 4-year experience in Costing/ Management Accounting / Finance in multinational corporations, preferably in manufacturing environment / FMCG
• Good command of English
• Strong stakeholder management across levels
• Good organizational and planning skills; proactive, result-oriented, self-driven mindset
• Familiar with SAP system or similar ERP platforms
• Proficient in digital tools and data analytics platforms (Power Apps, Power BI, Power Query) will be a strong advantage
• Thorough knowledge of local accounting & reporting guidelines
• Good knowledge of business principles and best practices to ensure sustainability of business and drive continuous improvement
• Solid understanding of product and brand profitability
• Good knowledge of control issues and framework for stewardship/governance
• Good knowledge and understanding of the manufacturing conversion process, industrial footprint and physical / technical aspects of a factory