Head - Costing - FMCG

Job dDescription

Qualification : ICWA

Experience : 18-20 Years in FMCG Industry Only

Reporting to : CEO

Location : Mumbai

Job Purpose

Costing, Pricing, Budgeting, Variance Analysis, Competitive Pricing Analysis, Management Accounting and Business Analysis

Principal Responsibilities :

Strategic role :

- Goal setting for the organization in terms of profitability.

- Information/ data from the key stake holders (senior leadership) of the organization should be evaluated from the financial goal perspective of the organization.

- This information/data should be transformed into strategy to facilitate quick decision making of the organization.

- Help the Management to take quick decisions.

- Review the decision taken and keep Management informed if any deviation.

Infrastructural role :

He should build infrastructure which can integrate data from all the departments and, with the help of analytical tools, convert this data into information for quick decision making.

Accounting Role :

- Cost accountants help to plan, budget and monitor performance

- Set standard unit costs and recommend appropriate cost-saving opportunities

- Understanding where a company is spending money as well as which products/ brands/ SKUs are profitable.

- Raising Red flags at the right time if costs are allocated over the budget.

Operational Role :

- Maintaining the records in SAP

- Updating the SAP with the actual POs.

- Monthly updates as the legal requirements

- Provide factual Monthly costing updates

- Coordinating, implementing and monitoring budgetary controls.

- Computation of costs, feasibility analysis and profitability working of new products and new / special projects.

Key Responsibilities :

- Analysis of Data / Reports from SAP and managing SAP CO and SAP COPA module.

- Critical Analysis of Input Material Price.

- Review and assessment of Plant Costing operations.

- Define and operate stringent review mechanism on a regular basis.

- Working out process improvement / automation initiatives that would effect in time and cost efficiency results.