Assistant Manager - Costing/Corporate Cost Controller - Tyre Manufacturing Industry - CA/ICWA

Opening for Costing & Budgeting role in one of the leading Tyre manufacturing industry.

Role: Corporate Cost Controller

Position Title: Assistant Manager - Costing

Department: Finance

Grade/Level M1

Reporting To: Mgr - Costing & Budgeting

Only Female Candidates

KEY ACTIVITIES & RESPONSIBILITIES

Cost Management

Cost Structure and Design

- Design cost structures that are comprehensive in capturing the total cost component of the product

- Apply standard costing procedures to product / process cost derivations and identify products/processes to be discontinued

- Review Cost structure from time to time and change where needed

- Prepare Costing Manual and define SOP for Costing department

Costing Analysis and Processes

- Oversee 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 businesses, in consultation with the CFO using various statistical tools and costing techniques

- Develop the costing systems using unit costs activity based costing principles and ensuring that report extraction from the financial systems is seamless and effective

- Undertake activity based costing evaluation of materials to identify areas for improvement, and utilize the same for making recommendations

- Project the operating costs for production and the project execution by building various scenarios with variables like labour, material cost, time, etc.

- Conduct Export Benefit Analysis by working out provisions, execute duty free input reconciliation with focus on product schemes

- Conduct costing runs and identify costs for each SKU / Material FG and SFG and maintain master files for all materials / SKU's

- Provide necessary information and reports for getting PRE Certifications

Tracking and Monitoring

- Track costs and material from Raw Material Inwarding, Conversion, to Finished Goods and Dispatch with inputs from Plant -Finance

- Conduct annual cost audits with established parameters and take efforts to correct deviations

- Interact with internal and external auditors in completing audits

- Monitor the variances of actual costs incurred against the budgeted costs, probable reasons, and highlight areas for improvements in operations, or inherent structural bottleneck

- Ensure timely coordination and analysis of financial information including monthly financial results, preparation of recurring management reports

Provide Support to Sales and Marketing Team

- Provide costing support to the S&M team to enable a robust price quoting process to maximize product margins

- Support the Sales and Marketing teams in negotiation process by providing support on costing and estimation for the proposal

Reporting and Analysis

- Perform ageing analysis of the stock levels at the Plants, and highlight the same to the SCM team for optimum inventory planning

- Conduct Export benefit analysis and prepare reports for the management

- Review cost sheets and cost audit reports

- Establish cost sheets for each SKU and track opening and closing inventory and provide for all necessary information that is required for Cost Audits

Costing MIS and Documentation

- Ensure cost accounting record rules are followed in the department

- Reconcile the consumption data cost by calculating the variance through the reports from SAP and MIS

- Managing costing data in SAP, valuation of Inventory, verification of bills and reconciliation of accounts

JOB DESCRIPTION

- Prepare Costing MIS for Product costing, Breakeven & contribution analysis, rejection analysis, customer wise/ product wise profitability

- 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.

- Coordinate with plants, exports and departments to get SKU wise reports of finished goods and raw materials

- Ensure the high level accuracy and timely submission of all MIS reports

People Management

- Manage performance of the team and ensure that team is working in line with organizational value system

- Ensure team is adequately trained and proactively work with HR at capability enhancement of team

- Conduct effective performance appraisals and provide regular feedback

Education and Experience Required

Education:

CA (Any Attempts) or ICWA : Only 1st Attempt

Experience:

2 -8 years, with relevant costing experience.