Business Finance Role - Costing - Chemical Industry

Job Title - Business Finance - Costing

The Role is with - a top chemical manufacturer.

Experience - 8 to 10 years of experience in costing profile

Reporting to the Head of Business Finance

Important note - Candidates must have a background in costing from Chemical or FMCG industries.

Role Summary: Responsible for costing and pricing of products, driving value-added initiatives across the manufacturing value chain and generating insights through business analysis.

Key Responsibilities:

Product Costing and Pricing :

- Product pricing based on commodity market dynamics and available competition data.

- Product costing based on value chain understanding and to be in close coordination with the procurement team.

- Inventory management and suggest plans to liquidate the slow-moving inventory.

- Develop a pricing model based on input changes and sensitivity analysis.

- Develop a model to ensure maximum return based on available working capital.

Profitability Forecasting and Analysis of Actuals :

- Present P&L forecast based on SNOP

- Analysis of actual P&L and share insights for variations vis- vis plan

- Share insights to business for decision-making and for monthly business review meetings

- Support in making the Annual Business Plan

Publish Various Reports for Business Decision Making :

- Product-wise and customer-wise gross margin analysis of actuals

- Contract-wise sales profitability report for key products

- Financial feasibility for the launch of new products

- Actual margin analysis of new product launch and compare with initial assumptions

- Peer results update

- Special projects update

Job requirements:

- 7-10 years of experience post qualification (CA/CMA/ICWA/MBA-Finance)

- Working knowledge of the costing of chemical manufacturing products.

- Automation-driven mindset to work on various finance models for quick decision-making

- Ability to develop and institutionalize new financial processes and controls

- Problem-solving and analytical mindset