Cost & Inventory Analyst
General Motors (GM)
The main purpose of this position is to assist the MEO leadership with implementing adequate accounting processes and controls to assure GMMEO’s achievement of both vehicles and parts business performance objectives with regards to Parts Cost and Inventory.
This individual will be responsible for :
•Manage cost loading of Spare Parts and Lead a joint effort through the organization to manage Inventory.
•Monitor and analyze cost of spare parts and follow up with Allied units on new costs and changes.
•Analyze and report on shortages, overages, cost price variances, scrap, obsolescence and excess stock. Freight capitalization, Inventory Valuations and adjustments.
•Assist in the cycle count process and the annual physical inventory reconciliation.
•Reporting of actual Inventory and identify any special accounting treatment required.
•Develop managerial reporting to track and analyze inventory and recommend improvements.
•Prepare manual journal entries and account reconciliations relating to Inventory Allowance.
The key aspect of the position is to deal with all areas and users (Warehouse and Purchasing) to harmonize Organizational needs with Inventory control requirements. This is a crucial position which has a big financial impact on the business.
•Bachelor Degree in Accounting and/ or Finance
•Professional Qualifications:CPA or equivalent
•3+ years of working experience in accounting function/ financial audit experience
•3+ years in Big 4 audit firm or US publicly listed company or combined.
Basic Skills and Knowledge:
•Understanding of the close process and how each journal entry made will impact other entries.
•Good Analytical Skills.
•Fluent in both oral and written English.
•Good interpersonal communication skills.
•Prepare written communication skills in a clear and concise manner.
•Proficient understanding of Microsoft Excel.
•Knowledge of financial controls and SOX principles.
•Up to date knowledge of local GAAP/standards and US GAAP Accounting standards, attend relevant training where necessary.
•Understand and confirm work assignments from supervisors.
•Fast learner and be able to adapt to change.
•Verify accuracy of financial and numerical data and follow-up on issues of inaccuracy and/or discrepancy.
•Demonstrates qualities (e.g., ethics, integrity, expertise) that establish credibility with all internal and external constituents.
About the Company
About the Company
General Motors Company (NYSE:GM, TSX: GMM), one of the world’s largest automakers, traces its roots back to 1908. GM and its strategic partners produce cars and trucks in 31 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. GM’s largest national market is China, followed by the United States, Brazil, the United Kingdom, Germany, Canada and Russia. GM’s OnStar subsidiary is the industry leader in vehicle safety, security and information services.
With its global headquarters in Detroit, GM employs 209,000 people in every major region of the world and does business in more than 120 countries. GM is headquartered in four major locations: GM Europe; North America (GMNA); South America; and GM International Operations (GMIO) is located in Shanghai, China. GMIO covers Asia Pacific and Middle East.
GM Middle East started in 1920s and the brands that are sold in the region are Cadillac, Chevrolet and GMC supported by a unique set of customer-focused services. GM parts and accessories are sold under the GM Parts and ACDelco brands. The regional office in Dubai covers the company’s operations in Bahrain, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, UAE and Yemen in 20 dealerships.
GM has 2 facilities here in Middle East one is in Dubai World Trade Centre and the other, Middle East Distribution Corporation, which is located in Jebel Ali.