Executive - Finance

Posted Yesterday
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Gampaha, LKA
In-Office
Junior
Logistics
The Role
Maintain company books of account, perform pre- and post-order costing and margin analysis, monitor variances/outliers, manage GL postings and reconciliations in Oracle ERP, prepare balance sheet reconciliations, control standard costing and inventory valuation, and analyze purchase price and material usage variances.
Summary Generated by Built In
Company Description

About Avery Dennison

Avery Dennison is a global leader in labeling and packaging materials and solutions. The company’s applications and technologies are an integral part of products used in every major market and industry. With operations in more than 50 countries and more than 25,000 employees worldwide, Avery Dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent. 

Headquartered in Pasadena, California, the company reported sales from continuing operations of $6.1 billion in 2015.  Learn more at www.averydennison.com.

About Avery Dennison RBIS

Avery Dennison RBIS, a global leader in apparel and footwear industry solutions, is a $1.5 billion division of Avery Dennison (NYSE: AVY).  Avery Dennison RBIS provides intelligent creative and sustainable solutions that elevate brands and accelerate performance throughout the global retail supply chain.  We elevate brands through graphic tickets, tags and labels, embellishments and packaging solutions that enhance consumer appeal.  We accelerate performance through RFID enabled inventory and loss prevention solutions, price management, global compliance, and brand security solutions. 

Based in Westborough, Massachusetts Avery Dennison RBIS responsibly serves the global marketplace with operations in 115 locations, 50 countries, across 6 continents. For more information, visit www.rbis.averydennison.com.

Job Description

This post will provide assistance to maintain books of accounts of the company 

Key Responsibilities1. Pre & Post-Order Costing & Margin Analysis

  • End-to-End Costing: Drive hands-on execution of both pre-order costing (estimating and simulating costs before production) and post-order costing (reconciling actual production costs against estimates).
  • Margin Safeguarding: Calculate, monitor, and report on product margins. Proactively identify areas of margin erosion.
  • Outlier & Variance Analysis: Monitor costing data to identify and investigate statistical outliers, cost variances, or pricing anomalies, ensuring irregularities are resolved before closing accounts.
  • Pricing Integration: Maintain a strong understanding of pricing structures, markups, and market dynamics to assist in commercial pricing evaluations.

2. General Ledger (GL) Governance & Financial Accounting

  • GL Analysis: Perform rigorous monthly analysis of GL accounts to ensure all transaction flows (revenue, COGS, expenses) are mapped to the correct ledger accounts.
  • Oracle ERP Posting: Post accurate journal entries and maintain the integrity of accounts payable and general ledgers within the Oracle ERP system.
  • Balance Sheet Reconciliations: Prepare comprehensive monthly balance sheet reconciliations to ensure financial health and audit readiness.
  • Reconciliations: Reconcile accounts payable ledgers to monthly vendor statements, resolving any discrepancies swiftly.

3. Inventory Control & Standard Costing

  • Standard Costing Management: Apply a sound, practical understanding of inventory standards to manage standard costing runs, inventory valuations, and adjustments.
  • Variance Reporting: Calculate and analyze purchase price variances (PPV) and material usage variances to optimize inventory performance.

Qualifications

EDUCATION/EXPERIENCE:

•  Bachelors degree in finance/ Accountancy/ Economics/ Business Administration or a passed finalist of    ICA, CIMA or ACCA

Exp- 2-3 Years of experience in Costing and Pricing.

  • Hands on experience in Oracle ERP system

Additional Information

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability, protected veteran status or other protected status. EEOE/M/F/Vet/Disabled. All your information will be kept confidential according to EEO guidelines.

Skills Required

  • Bachelor's degree in Finance, Accountancy, Economics, Business Administration or passed finalist of ICA, CIMA or ACCA
  • 2-3 years of experience in costing and pricing
  • Hands-on experience with Oracle ERP system
  • Experience posting accurate journal entries and maintaining accounts payable and general ledgers
  • Ability to perform monthly balance sheet reconciliations and GL account analysis
  • Knowledge of standard costing, inventory valuations, purchase price variances (PPV) and material usage variance analysis
  • Reconcile accounts payable ledgers to vendor statements and resolve discrepancies

Avery Dennison Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Avery Dennison and has not been reviewed or approved by Avery Dennison.

  • Healthcare Strength Pay and benefits are frequently characterized as decent or good, supported by multiple medical plan options alongside dental, vision, and mental health coverage. Company-paid basic life insurance and short-term disability coverage add to the perceived strength of core protection benefits.
  • Retirement Support Retirement support is strengthened by an automatic employer contribution plus an additional employer match tied to employee contributions. The availability of an employee stock purchase plan further broadens long-term savings options beyond the 401(k).
  • Parental & Family Support Family-related support is reinforced through parental leave and dedicated adoption and fertility assistance with a stated benefit amount. Domestic partner eligibility and LGBTQIA+ healthcare support features expand coverage for different family structures.

Avery Dennison Insights

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The Company
HQ: Glendale, CA
16,564 Employees

What We Do

Avery Dennison (NYSE: AVY) is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs more than 30,000 employees in more than 50 countries. Reported sales in 2020 were $7.0 billion.

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