Record to Report( Product Costing)-Management Trainee/Assistant Manager/ Manager

Job description

*Ready to shape the future of work?* *At Genpact, we don't just adapt to change we drive it. AI and digital innovation are redefining industries, and were leading the charge. Genpact’s AI Gigafactory, our industry-first accelerator, is an example of how we’re scaling advanced technology solutions to help global enterprises work smarter, grow faster, and transform at scale. From large-scale models to agentic AI, our breakthrough solutions tackle companies’ most complex challenges.* *If you thrive in a fast-moving, tech-driven environment, love solving real-world problems, and want to be part of a team that’s shaping the future, this is your moment.* *Genpact (NYSE: G) is an advanced technology services and solutions company that delivers lasting value for leading enterprises globally. Through our deep business knowledge, operational excellence, and cutting-edge solutions – we help companies across industries get ahead and stay ahead. Powered by curiosity, courage, and innovation, our teams implement data, technology, and AI to create tomorrow, today. Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook.* **Inviting applications for the role of Product Costing-Management Trainee/Assistant Manager/Manager** The Front Line Manager for Record to Report (Product Costing & Inventory Valuation) is responsible for leading end-to-end product costing and inventory accounting processes across multiple entities, ensuring accurate valuation of inventory, cost allocation, and financial reporting in line with accounting standards, SLAs, and control frameworks. This role drives governance, operational excellence, and stakeholder engagement while managing complex costing structures and large volumes of production and inventory data within a manufacturing environment. **Key Responsibilities** - **Own and lead end-to-end product costing and inventory valuation processes across multiple entities/regions** , including costing runs, reconciliations, and reporting. - Ensure timely and accurate execution of **month-end close activities related to inventory valuation and costing** . - Review and approve **journal entries related to inventory adjustments, cost allocations, and variance postings** in ERP systems. - Drive and monitor **inventory valuation accuracy** , including **FIFO-based valuation, NRV adjustments, and provisioning** . - Own and drive **standard costing processes** , including cost roll-ups, cost updates, and validation of costing structures. - Analyze and manage **cost variances (PPV, usage variance, production variance)** and provide insights into cost drivers. - Oversee **inventory reconciliations** , ensuring alignment between physical inventory, sub-ledger, and GL balances. - Manage **large-scale production and inventory datasets** (SKU, plant, and warehouse level), ensuring accuracy and integrity. - Establish and enforce adherence to **costing policies, inventory valuation frameworks, and SOPs** . - Ensure **overall integrity, accuracy, and completeness of inventory balances and cost reporting outputs** . - Drive **SLA and KPI governance** , ensuring delivery excellence and timely financial close. - Drive governance and take decisions on **complex costing issues, valuation methods, and financial adjustments** . - Collaborate with **plant finance, operations, supply chain, and FP&A teams** to resolve costing and inventory issues. - Lead and develop teams, ensuring **performance management, coaching, and capability building** . - Manage escalations related to **inventory discrepancies, costing issues, and financial risks** , ensuring timely resolution. **Governance, Controls & Compliance** - Ensure strong compliance with **SOX controls, accounting standards (IFRS / US GAAP), and inventory control frameworks** . - Establish and monitor **inventory valuation and costing governance frameworks and control mechanisms** . - Review and approve key **inventory balances, cost calculations, and reconciliation outputs** for compliance and accuracy. - Ensure **audit readiness** , including documentation for costing assumptions, inventory valuation, and reconciliations. **Stakeholder Management** - Build and manage strong relationships with **plant controllers, manufacturing finance teams, supply chain, and FP&A stakeholders** . - Act as a primary contact for **costing, inventory valuation queries, and escalation handling** . - Drive **governance calls, performance reviews, and stakeholder discussions** . - Provide insights on **cost drivers, margin impacts, inventory valuation risks, and financial performance** . **Continuous Improvement** - Drive **process transformation, standardization, and automation initiatives** across product costing and inventory processes. - Identify root causes of **inventory discrepancies, costing inefficiencies, and reconciliation breaks** , and implement corrective actions. - Lead initiatives to improve **costing accuracy, reporting efficiency, and inventory valuation processes** . - Support implementation of **advanced costing models, automation tools, and reporting enhancements** . **Responsibilities:** In this role, you will be responsible for all the activities related to month end closing & reporting. - Perform day-to-day operational oversight including **inventory accounting, product costing, reconciliations, journal entries, reporting, audit requests, and ad hoc analyses** . - Review and approve **journal entries related to inventory valuation, cost adjustments, and variance allocations** with accuracy and adherence to timelines. - Preparation and review of **inventory and balance sheet reconciliations** , ensuring timely clearance of reconciling items. - Ensure execution of **standard costing and inventory valuation processes (FIFO, NRV)** . - Manage and resolve **inventory discrepancies, open items, and co