Product Costing Specialist

The Product Costing Specialist in Global COE -Product Costing is responsible for:

• Support in an accurate and timely way the product costing activities which mainly involves- periodic costing runs, determine & maintain various costing objects such as rates, tariffs, duties, charges etc. as per product costing policy, perform variance analysis, handle error resolution, calculate & monitor mark ups for intercompany delivery etc.
• Active interaction with ISC functions, R2R experts, Accounting Controllers and FP&A about product costing & related subjects.
• Support product costing lead in adhoc activities
• Drive CI mainly standardization and quality
• Ensure compliance of various policies related to product costing & adherence to companys accounting policies & treatments.

• Role & responsibilities

• Support in an accurate and timely way the product costing activities for the plants or entities assigned
• Perform recurring activities such as periodic costing runs, maintain production tariffs, freight rates, customs duty as per product costing policy
• Perform outlier analysis of costing run results, handle error resolution (rule & non-rule based) & initiate corrective actions.
• Calculate, maintain & monitor mark ups to support intercompany delivery billing
• Perform outlier anlaysis of ICD pricelists and follow up on outliers
• Perform financial impact analysis of costing activities, inventory revaluation, price difference analysis.
• Advise on operational complex and judgement-based product costing activities
• Monitor compliance with policies and treatments as per Webfem
• Comply with rules and regulations set by global accounting and implement accounting policies
• Identify and signal recurring issues for further process improvement
• Drive standardization and quality in the true sense of COE & target efficiencies
• Operational key link for COE (e.g. in escalation or advice on transactions)
• Support Senior Specialist/ Product costing team lead in liaising with various business stakeholders mainly ISC.

Support in adhoc product costing requirements

Preferred candidate profile

• Accounting professional preferably cost accounting background with 5-7years of experience mainly in handling costing activities for a manufacturing organization and capable of analyzing complex processes and issues
• Professional Degree in Accounting or Costing (ACA, ICWA, CMA)
• Adequate expertise knowledge in cost accounting and understanding of Financial / ERP systems,
• SAP expertise especially handling product costing related activities with an ability to handle basic system issues & also support complex scenarios.
• Experience in working in a COE/ shared services environment preferred.
• Advanced user of Microsoft Excel
• Autonomous in organizing responsibilities and work
• Ability to work under severe time pressure and continuously retain an eye’ for the details