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
Experience
0-1 years
Certifications
How this role is positioned
Role classification
Job domains
Industries
Employment
Full Time
Contract duration
Permanent
Hiring type
Direct
Global hiring
Location specific
Offer details
Compensation and benefits
Compensation
Compensation not disclosed
Location, schedule, and role shape
Work setup
Work conditions
Bandwidth profile
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, India • Full Time