Costing Dy Manager/Manager

Role & responsibilities

• Ability to apply knowledge of Generally Accepted Accounting Principles & Cost Accounting Standards
• Must be able to adapt to new and different computer programs and software to enable efficient data gathering and analysis
• Ability to research, compile, analyze and interpret data
• Proficiency in SAP ,Excel and Microsoft Office products

Detail oriented

Budgeting

• To conduct and lead the annual budget meeting with the Project Heads, CFO, MD and other support functions
• To carefully understand the WILs objectives and projections set by the leadership and ensure that there is a common understanding of the same across all other departments participating in the budget
• To liaison with the Project Heads and support functions in submitting their projections and targets in a timely and accurate manner
• To extract information of the financial performance of the business from the historical databases like sales figures as per project, sector and regions
• To extract expenses information from the data mines like direct costs, indirect costs, fixed costs and variable costs
• To study the current industry trends, market scenarios and economic conditions like interest rates, inflation, consumer confidence, technology, regulatory changes, etc. and if required, consult with internal experts for more information
• To project the operating costs for production and the project execution by building various scenarios with variables like labor, material cost, time, etc
• To consolidate the information received and gathered and prepare a robust budget and break-even point for the WIL and its businesses
• To conduct analysis of budget vs actual adherence to budgets for sites / projects / Works, etc
• To keep control over the Budgeted Capex and Actual Capex spends and highlighting any deviations

Cost Management

• To provide costing support to the BD and Estimation teams to enable a robust price quoting process to maximize margins
• To perform product/project costing, fixed assets costing, inventory costing, variance analysis, raw material costing, cost benefit analysis, transfer pricing & reconciliation of cost data for decision making purposes for the various projects, in consultation with the Project Heads & CFO using various statistical tools and costing techniques
• To monitor budget v/s actual costs for the projects and report for variance/discrepancy through MIS
• To support the Business Development and Marketing teams in negotiation process by providing support on costing and estimation for the proposal
• To furnish reports that outline the companys financial position in the areas of income and expenses based on past, present and future operations

Capex Control

Budgeting

• To conduct and lead the annual budget meeting with the Project Heads, CFO, MD and other support functions
• To carefully understand the WILs objectives and projections set by the leadership and ensure that there is a common understanding of the same across all other departments participating in the budget
• To liaison with the Project Heads and support functions in submitting their projections and targets in a timely and accurate manner
• To extract information of the financial performance of the business from the historical databases like sales figures as per project, sector and regions
• To extract expenses information from the data mines like direct costs, indirect costs, fixed costs and variable costs
• To study the current industry trends, market scenarios and economic conditions like interest rates, inflation, consumer confidence, technology, regulatory changes, etc. and if required, consult with internal experts for more information
• To project the operating costs for production and the project execution by building various scenarios with variables like labor, material cost, time, etc
• To consolidate the information received and gathered and prepare a robust budget and break-even point for the WIL and its businesses
• To conduct analysis of budget vs actual adherence to budgets for sites / projects / Works, etc
• To keep control over the Budgeted Capex and Actual Capex spends and highlighting any deviations

Cost Management

• To provide costing support to the BD and Estimation teams to enable a robust price quoting process to maximize margins
• To perform product/project costing, fixed assets costing, inventory costing, variance analysis, raw material costing, cost benefit analysis, transfer pricing & reconciliation of cost data for decision making purposes for the various projects, in consultation with the Project Heads & CFO using various statistical tools and costing techniques
• To monitor budget v/s actual costs for the projects and report for variance/discrepancy through MIS
• To support the Business Development and Marketing teams in negotiation process by providing support on costing and estimation for the proposal
• To furnish reports that outline the company’s financial position in the areas of income and expenses based on past, present and future operations

Capex Control

• To seek inputs on several Capex initiatives from other departments like purchasing machinery, expansion of the plant, building sheds, etc that are to be implemented
• To make budgetary provisions of these Capital Expenditures
• To compile the Capex Budget status on Monthly basis, and submit the BU/ Plant wise Capex reports to the management
• To supervise the proper control of the Accounting activities of Assets and Capital Purchases

Project and Plant Accounting

• To oversee the daily accounting activities required to maintain the Project and Plant accounts and to supervise, direct, and review the work of the accounting staff
• To liaise with other General Ledger and Consolidation team to ensure the integrity of the data interface between the cost center accounts and the general ledger system.
• To regularly comment on the impact of outstanding amount on the Cash position of the organization
• To ensure that all statutory compliances are adhered to.

Township Budgeting

• To prepare the budget for township by analyzing the historical operating costs, capex plans, population of the township, etc.
• To monitor the operating costs vs the budgeted costs and highlight in case of any discrepancy
• To seek inputs on Capex expenditure from Head – Walchandnagar like development of roads, installation of additional pipelines, construction of new buildings, etc.

MIS and Reporting

• To increase the usage of SAP – FICO system in the department
• To review monthly MIS on the budgeting variance, working capital, audit findings, and performance reports for various Projects through SAP
• To analyze revenue and expenditure trends and recommend appropriate budget levels and support on pricing for project/production

• Integrity — Job requires being honest and ethical.
• Dependability — Job requires being reliable, responsible, and dependable, and fulfilling obligations.
• Analytical Thinking — Job requires analyzing information and using logic to address work-related issues and problems.
• Attention to Detail — Job requires being careful about detail and thorough in completing work tasks.

Advanced troubleshooting and multi-tasking skills – Job requires a high level of problem-solving skills and ability to do multi-tasking