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Nestle Costing Specialist in Petaling Jaya, Malaysia

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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