Head Costing - FMCG
Our client is one of the top FMCG Companies in India
Position vacant : Head Costing
Location : Mumbai
Qualification : Institute of Cost Accountants of India Certified
Experience : Min 18-20 years
Knowledge Required :
- Costing principles and methodologies
- Understanding Industry dynamics
- Presentation skills, SAP Modules
- Only candidates with experience in FMCG companies to apply
Required Skill sets :
- Strong business and financial acumen to align results to overall business strategy and company financial goals.
- The ability to develop strategy from in-depth analysis.
- Proven success driving results and delivering return on investment to the company.
- Comprehensive functional skills and a result driven approach.
Job Purpose : Costing, Pricing, Budgeting, Variance Analysis, Competitive Pricing Analysis, Management Accounting and Business Analysis.
Job Description :
Strategic role :
- Goal setting for the organization in terms of profitability.
- Information/ data from the key stake holders (senior leadership) of the organization should be evaluated from the financial goal perspective of the organization.
- This information/data should be transformed into strategy to facilitate quick decision making of the organization.
- Help the Management to take quick decisions.
- Review the decision taken and keep Management informed if any deviation.
Infrastructural role :
- He should build infrastructure which can integrate data from all the departments and, with the help of analytical tools, convert this data into information for quick decision making.
Accounting Role :
- Cost accountants help to plan, budget and monitor performance
- Set standard unit costs and recommend appropriate cost-saving opportunities
- Understanding where a company is spending money as well as which products/ brands/ SKUs are profitable.
- Raising Red flags at the right time if costs are allocated over the budget.
Operational Role :
- Maintaining the records in SAP
- Updating the SAP with the actual POs.
- Monthly updates as the legal requirements
- Provide factual Monthly costing updates
- Coordinating, implementing and monitoring budgetary controls.
- Computation of costs, feasibility analysis and profitability working of new products and new / special projects.
- Analysis of Data / Reports from SAP and managing SAP CO and SAP COPA module.
- Critical Analysis of Input Material Price.
- Review and assessment of Plant Costing operations.
- Define and operate stringent review mechanism on a regular basis.
- Working out process improvement / automation initiatives that would effect in time and cost efficiency results.