Lead - Manufacturing Cost Controlling

The position shall be responsible for maintaining budgeting activities in the Plant and for ensuring control on the conversion cost, under the guidance of the Plant Finance Head.

1. Identifying Cost Reduction opportunities - Reduction of Fixed Cost & Conversion from Fixed to Variable, scrap, and indirect material cost

2. Daily, weekly, and monthly monitoring that of Conversion cost and Inventory

3. Budget preparation, tracking and variance analysis

4. Compliance towards statutory audits

5. Facilitate the annual budgeting process with the Division heads, Plant Finance Head and other support functions

6. Evaluate the various Capex proposals by the departments and develop them further if found suitable

7. Initiate, coordinate, and prepare Plant specific budgets in line with the guidance provided by Region/Global

8. Conduct the annual budget meeting with the Department heads, Plant Finance Head and other support functions

9. Liaison with the Department Heads and support functions in submitting their projections and targets in a timely and accurate manner

10. Extract expenses information from the databases relating to direct costs, indirect costs, fixed costs, and variable costs

11. Conduct analysis of budget vs actual adherence to budgets for departments

12. Ensure control over expenses by regular feedback on budgets and actual expenses

13. Keep control over the Budgeted Capex and Actual Capex spends and highlighting any deviations

14. Ensure timely coordination and analysis of financial information including monthly financial results, preparation of recurring management reports, budgeting /forecasting support

15. Track and monitor Conversion cost on daily, week and monthly basis and highlight any deviations to key stake holders to discuss upon the resolution

16. Conduct physical inventory checks and resolve issues with regards to any variance if observed

17. Maintain costing and budgeting reports for the Plant

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

19. Ensure accurate and timely SAP updating on FICO for all costing processes and activities, and monitor the quality of updating on SAP by the Plant team

20. Analysis of material yield in coordination with production team

21. Preparing std cost of materials with the help of procurement team and analyze price variances vs actual

22. Preparing costing for NPD

23. Identify opportunity of cost savings in direct material (like localization savings, Value Engineering savings) and lead the same with concerned stake holder

24. Check system hygiene of all material related accounting as per global policy

25. Understanding of plant KPIs and work towards the improvement

26. Analyze inventory bases on forward cover like excess, expiry/near expiry, no demand, block material, LOR, vendor follow up for credit note etc.

27. Coordination with shopfloor employee for cost of waste analysis

28. Understanding of standard costing in SAP

29. Analysis of activity-based costing

30. Basic knowledge of process order settlement

31. Integration of SAP with B.one reporting

32. Working with different kind of variance analysis and working towards the improvement of variances

33. Prepare monthly MIS and reporting files

34. Active engagement in planning and forecasting with business update

35. Interaction with global/regional team for any update and reporting

36. Active participation with stake holder and pro-active approach for any improvement

37. Audit closure with no open points

38. Prepare business case with close coordination from respective business partner

39. Do automation in day to day work which increase our productivity

40. Upgrading knowledge related Finance & new technologies which is relevant

41. Any other work which is required by management

(B) Secondary Responsibilities:

1. Procure to Pay- Local as well as Foreign Payments

2. Fixed Asset controlling

3. Risk control Matrix

4. Vendor/Supplier Reconciliation

5. BRS

6. Cashflow preparation

7. Co-ordination with Bank for Import and local payments

8. GR/IR Reconciliation

9. Employee Reimbursement Tracking

10. Month closing and reporting