Inventory and Material Accountant - Lattice Materials at Suzlon Energy

About Suzlon Group

The Suzlon Group stands as a prominent global renewable energy solutions provider, operating across 19 countries spanning Asia, Australia, Europe, Africa, and the Americas. With over 20 years of experience and a cumulative installation of around 15GW wind energy capacity, the Group boasts a workforce exceeding 8,000 professionals and has capabilities in R&D centers located in the USA, Germany, the Netherlands, Denmark, and India. Suzlon commands approximately 9GW of wind installations in India, accounting for about 37% of the nation's wind energy capacity, making it the sector leader. The Group has also expanded into solar energy. Headquartered in Pune, India, Suzlon Energy Limited and its subsidiaries are collectively known as the Suzlon Group.

Key Responsibilities

• Oversee receipt, storage, issuance, and consumption of lattice materials and components while maintaining precise inventory data within ERP/SAP platforms.
• Track stock movements accurately and ensure the integrity of all inventory transactions.
• Manage inventory levels to avoid shortages or overstock by collaborating closely with stores and planning teams.
• Ensure full traceability of materials throughout all manufacturing stages.
• Record, verify, and account for raw materials, consumables, work-in-progress, and finished goods transactions in compliance with company policies and accounting standards.
• Conduct periodic reconciliations of the stores ledger against financial records and assess provisions for slow-moving, obsolete, or non-moving inventory.
• Validate the consumption of materials and the corresponding cost allocations for production orders.
• Perform frequent inventory reconciliations and investigate discrepancies by working alongside production and stores personnel to implement corrective measures.
• Prepare and maintain MIS reports covering inventory status, stock aging, and variance analyses.
• Assist in month-end and year-end inventory closures and contribute to cost and inventory performance analysis.
• Execute cycle counts and physical verifications regularly, coordinate statutory and stock audits, and maintain thorough documentation to support audit compliance.
• Facilitate audit activities by coordinating with internal and external auditors and follow through on corrective actions based on audit recommendations.
• Ensure the compliance with relevant accounting standards, standard operating procedures, internal controls, and regulatory requirements.
• Identify opportunities to improve inventory accuracy and enhance operational efficiency through process improvements and ERP system enhancements.
• Support inventory optimization projects and system upgrades within the ERP framework.

Eligibility

This opportunity is open to any graduate seeking a role in inventory and material accounting within the renewable energy sector.