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Regional hiringpublishedExternal employer
FMFord Motor Company
Ford Motor CompanyAutomotive Manufacturing

Associate - Finance

Raw Material, Tariff, and Cancellation Claims Audit

Location

Chennai, India

Work type

Onsite

Employment

Full Time

Experience

0-1 years

Compensation

Compensation not disclosed

Posted

7h ago

Summary and responsibilities

Role overview

Summary

The Associate - Finance will be responsible for auditing supplier claims related to raw materials, tariffs, and program cancellations, ensuring accuracy, compliance, and adherence to company policies. This role involves validating financial parameters, collaborating with various internal departments and suppliers, and contributing to process improvements in claim validation and audit procedures.

Seeking a fresh CA / CMA qualified Raw Material, Tariff, and Cancellation Claims Audit

Key Responsibilities:

  • Audit supplier raw material claims by validating key parameters, including:

    • Volumes supplied by suppliers

    • Invoice pricing and applicable raw material index movements

    • Weight evidence and supporting documentation for parts

  • Coordinate with the Supply Chain Purchasing team to ensure all estimated claims are accurately forecasted and recorded in the purchasing system prior to audit.

  • Partner with the Raw Material Finance team to ensure audit outcomes and relevant claim details are appropriately reflected in forecasting and budgeting processes.

  • Review and audit tariff-related supplier claims, ensuring compliance with applicable tariff regulations and organizational policies, and provide recommendations based on audit findings.

  • Evaluate supplier claims arising from part or program cancellations, including vehicle programs cancelled prior to launch, by validating costs against Supplier Claims Guidelines and Ford's Global Terms & Conditions.

  • Collaborate with Product Development Finance, Supply Chain, Purchasing, and Suppliers to resolve claim-related queries, policy interpretation issues, and process gaps.

  • Identify discrepancies, recommend corrective actions, and support continuous improvement of claim validation and audit processes.

Key Stakeholders:

  • Supply Chain Purchasing

  • Raw Material Finance

  • Product Development Finance

  • Suppliers

  • Cross-functional Business and Finance Teams

Core Skills & Competencies:

  • Audit and financial analysis

  • Cost validation and claim review

  • Strong analytical and problem-solving skills

  • Stakeholder management and cross-functional collaboration

  • Knowledge of supplier contracts, commercial terms, and pricing structures

  • Attention to detail and compliance mindset

Key Skills & Competencies

  • Strong knowledge of budgeting, forecasting, actuals variance analysis, accounting close processes, and auditing.

  • Proficiency in Microsoft Office applications, particularly Excel (advanced formulas and data analysis) and PowerPoint presentations.

  • Working knowledge of Power BI and iERP is preferred.

  • Ability to effectively collaborate with the Purchasing team while driving adherence to established processes and controls.

  • Strong stakeholder management and networking skills, with the ability to interact and build relationships across Finance, Engineering, STA, Purchasing, and other cross-functional teams.

  • Excellent analytical, communication, and problem-solving skills.

  • High attention to detail with a strong focus on compliance and governance.

Qualifications

  • CA or CMA qualification is mandatory.

  • 0-1 year of relevant experience in Finance, Accounting, Auditing, FP&A, Cost Management, or related fields.

Additional Requirement

  • Immediate joiners or candidates who can join at short notice will be preferred.

Updated 7h ago

Candidate fit

Skills and qualifications

Additional skills

Audit and financial analysis • 1+ yrs
Cost validation and claim review • 1+ yrs
Budgeting, forecasting, actuals variance analysis • 1+ yrs
Accounting close processes • 1+ yrs
Microsoft Excel • 1+ yrs
Power BI • 1+ yrs
Stakeholder management • 1+ yrs
Analytical and problem-solving • 1+ yrs

Experience

0-1 years

Certifications

CA • Required
CMA • Required

How this role is positioned

Role classification

Job domains

Finance & Accounting

Industries

Automotive
Finance & Banking

Employment

Full Time

Contract duration

Permanent

Hiring type

Direct

Global hiring

Location specific

Offer details

Compensation and benefits

Compensation

Compensation not disclosed

VisibilityShared on listing
CurrencyUSD
PeriodYearly

Location, schedule, and role shape

Work setup

Work conditions

Primary locationChennai, India
Work typeOnsite
Global hiringNo

Bandwidth profile

peopleHigh8/10
physicalLow2/10
cognitiveHigh8/10
executionHigh8/10
creativityMedium5/10
uncertaintyMedium6/10
communicationMedium7/10

Context on the employer

Company snapshot

Company

Ford Motor Company

Team size

Growing team

Location

Chennai, India

Ford Motor Company is a global automotive leader. This role is situated within its finance operations, focusing on critical audit functions related to raw material, tariff, and cancellation claims from suppliers.

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Associate - Finance

Chennai, IndiaFull Time