KIA India – Hiring for Inventory Management (Team Member) @ Penukonda

KIA India is inviting applications from experienced finance and supply chain professionals for the position of Inventory Management – Team Member at its automotive manufacturing plant in Penukonda, Andhra Pradesh. This role focuses on standard cost revisions, variance analysis, GR/IR clearing, WIP calculations, and inventory auditing.

Job Details

About Organization

KIA India operates a major, state-of-the-art automotive manufacturing facility in Penukonda, Sri Sathya Sai district, Andhra Pradesh. The integrated facility includes press, body, paint, and assembly shops along with corporate and supply chain management operations.

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Key Responsibilities

1. Standard Costing & Revisions: Prepare, calculate, and release yearly standard costs; perform regular checks to ensure standard cost availability for proper material movement recording.
2. Variance Analysis & Reporting: Conduct Standard vs. Actual variance analysis, prepare variance reconciliation reports, and track actual vs. theoretical material consumption to control material cost booking.
3. GR/IR & Inventory Clearing: Perform regular checking and clearing of GR/IR (Goods Receipt/Invoice Receipt) balances, manage COGI (Cost Object Goods Issue) errors, backlogs, and sub-contracting materials with the production team.
4. WIP & Adjustments: Handle WIP (Work-in-Progress) calculations, variance computations, and settlements; analyze key-in, OS&D (Over, Short, and Damaged), scrap variances, and PDI settlements.
5. Audit & Reporting: Generate inventory ageing reports, calculate retro impacts, and assist internal/external audit teams by providing inventory documentation and explanations.

Requirements & Required Qualifications

1. Experience & Background

• 3 to 5 years of experience in inventory accounting, standard costing, and material variance analysis within manufacturing or automotive industries.
• Bachelor’s or Master’s degree in Finance, Commerce (B.Com/M.Com), Costing (CMA/CA Inter), or related disciplines.

2. Core Technical Skills

• Standard Cost Preparation & Revision
• GR/IR Reconciliation & Clearing
• Standard vs. Actual Variance Analysis
• COGI & Sub-contracting Inventory Settlement
• WIP Calculation & Inventory Ageing Analysis
• SAP/ERP Systems proficiency

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Skills You’ll Gain

Frequently Asked Interview Questions (With Answers & Solution Guidelines)

GR/IR Clearing & COGI Handling

• Question:“What causes COGI errors in SAP during production posting, and how do you resolve them to ensure inventory accuracy?”
• Answer & Solution Context: Explain that COGI errors occur when automated goods issues fail due to stock deficits, missing batch allocations, or storage location locks. The resolution involves performing root cause checks, correcting physical vs. system stock discrepancies, updating backflush parameters, and re-processing the pending postings in coordination with production.

Standard vs. Actual Variance Analysis

• Question:“How do you differentiate between price variance and usage variance when investigating material cost deviations?”
• Answer & Solution Context: Price variance measures the deviation between standard purchase price and actual purchase price multiplied by actual quantity used. Usage/Quantity variance measures the difference between standard usage and actual consumption evaluated at standard cost. Isolating these enables targeted corrective actions with procurement or manufacturing teams.

How to Apply & Registration Details

Interested candidates can review the full requirements and submit their application through the official recruitment link below:

• Official Registration Link:Apply on KIA India Careers Portal