Manager - Corp Accounts - Costing (Worli, Mumbai)

KEYPERFORMANCE AREAS

• Accurate estimation of costs for the products & Projects
• Adherence to reporting timelines and accuracy of reporting
• Adherence to statutory and compliance norms
• Accurate and Timely information provision for IT / ATMA /PRE Certification
• Timely cost updation, monthly closing, variance analysis of finished goods and SFG / FG

KEY ACTIVITIES & RESPONSIBILITIES

Data Capturing and Costing Analysis

• Perform product costing, product pricing, budgeting, variance analysis, raw material costing, cost benefit analysis, transfer pricing & reconciliation of cost data for decision making purposes, in consultation with the Plant Finance team
• Ensure timely coordination and analysis of financial information including monthly financial results, preparation of recurring management reports, budgeting /forecasting support
• Participate in developing the costing systems using unit costs activity based costing principles and ensuring that report extraction from the financial systems is seamless and effective
• Track costs and material from Raw Material Inwarding, Conversion, to Finished Goods and Dispatch in consultation with Plant- finance
• Provide costing support to the S&M team to enable a robust price quoting process to maximize product margins
• Support the Business Development and Marketing teams in negotiation process by providing support on costing and estimation for the proposal
• Participate in conducting annual cost audits with established parameters and take efforts to correct deviations

Tracking and Monitoring

• Extract information of the financial performance of the business from the historical databases like sales figures as per cluster, sector and regions
• Extract expenses information from the data mines like direct costs, indirect costs, fixed costs and variable costs
• Monitor budget v/s actual costs and report for variance through MIS
• Consolidate the information received and gathered from the plants & corporate and prepare a robust budget.

Reporting and Analysis

• Interact with internal and external auditors in completing audits
• Track key performance indicators for each production and non- production work centre
• Prepare cost sheets and cost audit reports

Costing Documentation & MIS

• Ensure accurate reporting in the areas of Manufacturing (yield, consumption norms. cost of poor quality, rejections, etc), Cost trends, price and usage variances over business plans etc.
• Maintain records of bills of materials and other overheads
• Coordinate with plants, exports and departments to get SKU wise reports of finished goods and raw materials
• Ensure accurate and timely SAP updation on FICO for all costing processes and activities, and monitor the quality of updation on SAP by the Plant teams