Costing Analyst

Position Snapshot Location: Chembong, Negeri Sembilan Company: Nestlé Malaysia Full-time Bachelor’s Degree 3+ 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…