Cost Controller - BFSI

COST CONTROLLER

Essential Function 1: Perform annual Cost Center Planning

- Conduct CC planning process for legal entities in scope following the annual budget letter from Corp.Contr.

- Prepare production cost center planning and activity rates used in standard costing

- Provide accurate up-to-date standard costing, work with production and master data team

- Ensure costing reflects appropriate BOMs and recipes

- Coordinate / provide guidance on cost center assessments and allocations

Essential Function 2: Manage daily operation and work on improvements and quality

- Enhance and document Controlling processes

- Participate in the implementation of quality / continuous improvement projects (Lean Event) and be active in driving daily huddle meetings

- Support and initiate process improvement initiatives and related projects, be proactive and creative on contributing ideas for service improvement

- Operational compliance on all regulatory, internal/external guidelines and support on audit activities

- Act as a back up for other team member/s as per aligned back up structure. Ensure proper knowledge transfer between back ups.

- Execute knowledge transfer / work shadowing sessions in countries

- Ensure all the up-to-date operational procedures are maintained, documented and executed, all the operations adherence to the standardized process landscape

Essential Function 3: Preparation and management of Business Unit financials

- Provide reporting guidance on: Production cost centers for accuracy throughout the year

- Implement corrective measures as needed

- Provide reporting guidance on: Detailed analysis of labor and utilities

Essential Function 4: Product Costing and SAP Master Data

- Month-end closing responsibilities. Provide accurate up-to-date standard costing impact along with other operational variances and hence gross margin analyses during month close.

- Provide accurate up-to-date standard costing and hence gross margin information, working with production management and master data teams to ensure costing reflects appropriate BOM and recipes

- Provide product costing simulation support for raw material changes simulation, analysis critical for BUs to implement selling price changes

- Support SAP material master accounting and costing view review, changes and creation, important for product costing

- Monthly product costing is connected with inventory valuation, i.e. cost controller together with accounting coordinate the monthly and audit of inventory value by sites, plant code or warehouses

Essential Function 5: Finance & or cross department collaboration

- Partner with Excellence group to work on site specific improvement projects

- Support transfer pricing process as needed

- Assures internal controls are in place

- Assures collaboration within the Finance teams (Accounting, Controlling, Tax, Treasury)

- Ad Hoc activities as requested, cost / benefit analysis, "what-if" scenarios, long range planning, etc...

Essential Function 6: Other

- Perform any additional tasks assigned by supervisor