Summary
Overview
Work History
Education
Skills
Trainings and Professional Certificates
Languages
Timeline
ResearchAssistant
Juthathip Thanatawee

Juthathip Thanatawee

Bangkok

Summary

I am an accomplished professional over 20 years of experience in the food and manufacturing industries, ready to deliver impactful results for a new organization. I specialize in setting financial targets and developing strategic plans that enhance internal controls, consistently producing immediate benefits and fostering long-term growth. As the key liaison between operational leaders and the Finance Department, I manage profit and loss statements, cash flow, and investment evaluations. My background in Chemical Engineering and an MBA enable me to provide valuable insights into manufacturing processes, optimize inventory management, and drive cost efficiencies. As a strategic thinker and collaborative team player, I am prepared to tackle higher-level challenges and contribute to organizational success. Let's achieve outstanding results together!

Overview

21
21
years of professional experience

Work History

Manufacturing Cost Controller

S&P Syndicate Public Co.,Ltd
10.2023 - 10.2024
  • Company Overview: Food and Bakery Manufacturer
  • Identified variances swiftly to facilitate immediate corrective actions.
  • Promoted seamless collaboration between finance and operations, driving unified cost control.
  • Conducted thorough budget reviews to guarantee optimal resource allocation.
  • Played a key role in drafting annual budgets that align with our strategic business objectives.
  • Provided mentorship to junior team members, instilling effective cost control practices.
  • Established robust systems to enhance project management and optimize resource utilization.
  • Analyzed vendor contracts meticulously to uncover significant savings opportunities.
  • Created dynamic financial models for precise forecasting and effective cost management.
  • Collaborated across departments to discover innovative cost reduction strategies.
  • Streamlined budget allocation to boost efficiency and minimize waste.

Assistant Director Business Strategy

King Pac Industrial Co., Ltd
01.2022 - 09.2023
  • Company Overview: Plastic Packaging Manufacturer
  • Collaborate to achieve company goals by optimizing margin, pricing, and cost processes while identifying inefficiencies and proposing solutions.
  • Manage standard costs, inventory, and asset control using SAP, overseeing the MRP and supply chain data.
  • Costing and Financial Analysis
  • Lead proposal costing efforts and develop reports for cost tracking, margin analysis, and forecasting.
  • Ensure timely Month-End Closing for the CO module, including variance analyses and abnormal cost fluctuation investigations.
  • Monitor expenditures against budgets and manage inventory control, supporting cycle counts and accurate cost accounting.
  • Strategic Initiatives and Troubleshooting
  • Understand and propose solutions for programmatic initiatives, streamlining finance operations.
  • Contribute to innovative enhancements for existing platforms and collaborate with the Business Development team on proposals.
  • Budget Development and Management
  • Oversee corporate and project budget development, preparing templates compliant with funder requirements.
  • Provide guidance on budgets to subcontractors and make recommendations during proposal budget meetings.
  • SAP Project Leadership , Act as SAP Project Director during implementation, offering support for requirements analysis, training, and go-live planning.
  • Successfully led the SAP team in achieving project goals within a plastic packaging manufacturing context.

Costing Analyst

McCormick (Thailand) Ltd.
04.2020 - 01.2022
  • Company Overview: Food Manufacturer
  • Support company goals through comprehensive costing and inventory control, including complex cost analysis (PPV, Production Order Variance, manufacturing overheads)
  • Ensure timely setup of annual standard costs and optimize the costing process. Propose improvements in cost management reporting and inventory control, focusing on obsolescence and slow-moving stock, while supporting cycle counts and timely cost accounting.
  • Assist in budgeting and planning processes.
  • Prepare monthly PPV and Production Order Variance reports. Investigate abnormal product cost fluctuations and enhance variance analysis for better insights.
  • Timely release of standard costs for new products and manage annual setup and re-evaluation.
  • Costing and Inventory Management
  • Improve costing accuracy with advanced analytics and standardize methodologies across business units. Ensure timely and accurate product costing and streamline cost management processes.
  • Drive working capital management, oversee inventory cycle counts, and collaborate on cost models and forecasts.
  • Collaboration and Reporting
  • Support month-end closing activities, optimize costing processes, and provide insights for cross-functional projects. Engage in ad hoc analyses for cost savings and benchmark costs globally.
  • Food Manufacturing Projects, Attend project meetings to update on project costs and focus on refining processes to enhance efficiency.
  • Cost Reduction Initiatives, Propose solutions with the potential for annual savings of around 200 million THB.

Assistant Controller

Adient & Summit Corporation Ltd
05.2018 - 09.2018
  • Company Overview: Automotive Parts Manufacturer
  • Collaborate with the Controller to enhance manufacturing operations and budget control in Thailand.
  • Support month-end closing procedures with a focus on cost analysis.
  • Supervise the completion of monthly financial reporting packages.
  • Prepare and report on variance analyses monthly, quarterly, and yearly.
  • Manage journal entries, reconciliations, and account analysis for quarterly financial documents.
  • Generate management reports for local teams.
  • Develop and manage financial plans and forecasts for manufacturing.
  • Review profit plans with local management and manufacturing teams.
  • Validate manufacturing transactions for accurate reconciliations.
  • Verify standard costs for sales and inventory valuation. - Analyze and report on inventory losses and material price variances.
  • Perform monthly profitability analyses and lead annual cost roll-ups.
  • Support BBP data during month-end closing and participate in profit improvement projects.
  • Assist with capital project tracking and verification. - Ensure effective internal controls.
  • Conduct ad-hoc financial analyses for executives.

Plant Controller

Siam City Cement Public Company Limited
08.2014 - 09.2017
  • Company Overview: Building Materials Manufacturer
  • Provide strategic business planning and regular assessments to enhance operational efficiency.
  • Ensure accurate financial analyses, including monthly budgets, forecasts, and overall financial strategies.
  • Act as a trusted partner, managing budget controls, effective cost management, and innovative cost-saving initiatives.
  • Develop financial models and scenario analyses to support critical business decisions and investment opportunities.
  • Generate innovative ideas to reduce costs and improve profitability.
  • Collaborate on major plant initiatives, including investment scorecard tracking and feasibility studies.
  • Work with leadership to create and implement plant budgets and forecasts that support business goals.
  • Conduct monthly analyses of plant performance to identify root causes of deviations and recommend corrective actions.
  • Help leadership recognize material losses and develop actionable improvement plans.
  • Identify aged inventory issues and propose effective action plans.
  • Lead and coordinate the physical inventory process for accuracy.
  • Support the month-end closing process with attention to detail.
  • Perform financial analyses and make recommendations for new products and sourcing strategies.
  • Drive profit improvement projects that result in substantial gains.
  • Provide training to teams to foster continuous improvement.
  • Partner with leadership on impactful capital projects, ensuring effective internal controls.
  • Conduct ad-hoc financial analyses to assist business units and executives.
  • Contribute to a building materials manufacturer with a cost-saving project aimed at achieving approximately 1 billion THB annually.

Process Engineer and Technical Analysis Manager, Standard Cost Manager

Cobra International Co., Ltd
01.2011 - 08.2014
  • Company Overview: Watersports Marine and Automotive Composites Manufacturer
  • Manage complex projects to meet tight delivery schedules and oversee the new product commercialization process, including functions, scheduling, and budget control.
  • Conduct root cause analysis to eliminate process losses and provide standard headcount data, NORM, and BOM matrix.
  • Develop and execute sourcing strategies, source new vendors, and identify alternative materials.
  • Coordinate with cross-functional teams to implement plans and achieve project goals while identifying risks and opportunities.
  • Monitor project results, recommend corrective measures, and ensure high product quality through continuous improvement.
  • Perform raw material and product analysis and assist in establishing a technical information center.
  • Standardize processes according to technical standards to enhance efficiency.
  • For a watersports, marine, and automotive composites manufacturer, implemented a cost system that reduced personnel from 27 to 5 and saved approximately 100 million THB annually.

GRP Process Engineer

Viking Life-Saving Equipment (Thailand) Ltd
08.2006 - 01.2011
  • Company Overview: Life-Saving Equipment Manufacturer
  • Oversee Bill of Materials (BOM), costing, and material usage, including cost variance analysis.
  • Act as a key user of SAP for master data, BOM, routing, and update costing.
  • Resolve process and technical issues on-site to minimize support from headquarters.
  • Conduct root cause analysis to eliminate process losses.
  • Ensure the quality of raw materials and chemicals used in production at Viking.
  • Develop necessary documentation and specifications to meet project and regulatory requirements.
  • Perform incoming inspections of GRP materials with the Quality department.
  • Analyze raw materials and products to enhance processes and the working environment.
  • Maintain high-quality fiberglass production according to specifications.
  • Collaborate with GRP supervisors and line leaders to optimize production performance.
  • Research alternative materials to improve products and reduce costs.
  • Analyze chemical materials to minimize non-conformities and enhance safety.
  • Support the development of preventive maintenance programs for molds.
  • Participate in R&D for composite and chemical materials.
  • Manage project transfers from headquarters, implementing corrective measures to meet objectives.
  • Improve team performance and efficiency through training and process monitoring.
  • Maintain documentation and assist in strategic planning.
  • Successfully transferred projects, achieving approximately 300 million THB in annual cost savings through material substitution and Kaizen initiatives.

Assistant R&D Division Manager, Process Engineer

Cobra International Co., Ltd
08.2003 - 08.2006
  • Company Overview: Watersports, Marine and Automotive Composites Manufacturer
  • Project/Product Cost Control
  • Standardize and monitor work instructions to improve quality and efficiency.
  • Collaborate with all Business Units (BUs) to provide technical solutions.
  • Develop cost estimates and project specifications for proposals.
  • Coordinate R&D projects and improvement programs.
  • Maintain a technical information center to enhance quality and efficiency.
  • Ensure processes adhere to technical standards.
  • Prepare R&D analysis reports and recommend procedures and materials for effective manufacturing.
  • Support the development of strategic decision-making tools for BUs.
  • Identify and investigate R&D performance concerns and suggest corrective measures.
  • Assist in formulating production strategies and plans for performance improvement.
  • Successfully Lean project implementation, achieving approximately 50 million THB in annual cost savings through Lean activities.

Education

MBA - MBA

Graduate School of Commerce, Burapha University
Chon Buri, Thailand
01.2008

Bachelor of Engineering - Chemical Engineering

Prince of Songkhla University
Songkhla, Thailand
01.2003

Skills

  • Budget Planning & Cost control
  • Analytical Skill
  • Process Improvement /Initiative
  • Strategic Planning
  • Project Management

  • Teamwork
  • Interpersonal Skill
  • Internal Control
  • Operation Management

Trainings and Professional Certificates


• Lean Manufacturing Yellow Belt

• LOTUS NOTES BASIC 8.5

• China Composite Expo 2009

• Resin Casting Technique

• How to Create/Maintain Master data in SAP

• MOB Project Transferring to Thailand

• How to Design & Make Boat with FRP

• Leadership Development Technique

• Practical Training

• In House Practice

• Microsoft Office (Word, Excel, PowerPoint)

• Visio, Adobe Photoshop, SAP, SPSS Program





Languages

Thai
Native language
English
Advanced
C1

Timeline

Manufacturing Cost Controller

S&P Syndicate Public Co.,Ltd
10.2023 - 10.2024

Assistant Director Business Strategy

King Pac Industrial Co., Ltd
01.2022 - 09.2023

Costing Analyst

McCormick (Thailand) Ltd.
04.2020 - 01.2022

Assistant Controller

Adient & Summit Corporation Ltd
05.2018 - 09.2018

Plant Controller

Siam City Cement Public Company Limited
08.2014 - 09.2017

Process Engineer and Technical Analysis Manager, Standard Cost Manager

Cobra International Co., Ltd
01.2011 - 08.2014

GRP Process Engineer

Viking Life-Saving Equipment (Thailand) Ltd
08.2006 - 01.2011

Assistant R&D Division Manager, Process Engineer

Cobra International Co., Ltd
08.2003 - 08.2006

MBA - MBA

Graduate School of Commerce, Burapha University

Bachelor of Engineering - Chemical Engineering

Prince of Songkhla University
Juthathip Thanatawee