Manager - Costing

Roles and Responsibilities:

- Manager Costing & Finance is responsible for product cost information, maintenance of inventory system, participating in the month end close and budgeting process, and assisting the Site Finance Management with day-to-day operations and reporting requirements.

- This position will be responsible for maintaining an effective cost accounting system to measure product and customer level costing and margin.

Product Costing and Inventory Control:

- Preparation of inventory valuation and product costing.

- Work with operations team and ensure work/ Production order hygiene is maintained and work orders are closed on timely manner.

- Work closely with the operations team and ensure that the overheads are computed/apportioned/allocated to jobs in a scientific manner so that product costing/inventory valuation is accurate.

- Work with operations/supply chain team and ensure that product structures/Bill of Material are accurate and timely updated in the ERP.

- Review the wastages at process level i.e process wise/job wise/customer wise etc and ensure that variances (if any) are highlighted to management and actions are initiated to mitigate the variances.

- Prepare, maintain, revise and update customer wise pricing database

- Prepare the product margin data base (PMDB), bring out the areas of concerns with actions plans, give pointed insights on each SKU/Customer so that the site team can take corrective actions.

- Prepare variance analysis of pre-cost Vs post cost and ensure there are no revenue leakages/cost overruns. Also ensure that the raw material sourcing is in line with the raw material prices considered in pre-cost and highlight concerns (if any) to the central commercial team and site leadership team.

- Prepare the inventory mass balancing on a monthly basis, report the outcome to site leadership team and ensure we have control on our inventory.

- Drive the inventory controls i.e. ensure that cycle count/blind count are conducted by the stores team on a regular basis so that the entire inventory count is completed once in every quarter.

- Prepare the inventory ageing analysis and review the same with site leadership team to avoid any obsolescence of inventory.

Forecasting, Budgeting and Management and Reporting:

- Support the site finance controller in weekly forecasting of margins.

- Monthly commercial profit bridge reporting for the Site.

- Active participation in AOP preparation.

- Support the Site Finance controller in month closing activities.

- Guide the site finance team in their day to day accounting operations.

Desired Candidate Profile:

- Cost Accountant/ CA/ CA Inter

- At least 5 to 10 years of experience in finance and accounting in a manufacturing Site

- Knowledge of MFG pro/ QAD is an added advantage.

Perks and Benefits:

Working with an MNC who is global leader in their industry with future growth prospects in India and abroad.