Material Cost Analyst

A Bangalore based MNC is urgently hiring for

Material Cost Analyst

Exp: Minimum 5 yrs in product costing and Variance Analysis

Location ; Bangalore - Electronic city

JD:

Responsibilities Include:

Tasks and responsibilities of the position:

- Responsible for analyzing and reporting actual raw material purchases

- Analyze raw material purchases on an ongoing basis to identify and address any favorable or unfavorable cost variations, ensuring accuracy and financial control

- Responsible for preparation and analysis of monthly inflation/deflation and Purchase Price Variance (variance vs. standard) for raw material costs, along with financial reporting, budgeting, quarterly forecasting, and ad-hoc estimations

- Responsible for reporting and highlighting the key drivers of supply chain finance spend, including raw material costs, duties, duty drawbacks, intercompany transactions, and freight, across actuals, estimates, and budget.

- Collaborate with Operations and Business Unit Finance teams to provide guidance on raw material costs, while developing and implementing process improvements to enhance efficiency and cost visibility

- Responsible for delivering efficient and accurate financial reporting and analysis to internal clients (Operations/Supply Chain Management,

- Business Units and Sectors) and ensuring compliance with U.S. GAAP accounting standards and Momentive's internal financial policies

- Design and improve process/reporting of Raw Material cost and work with appropriate business partners to deliver on assigned projects

- Support projects related to Hybrid Costing and Spend Automation, contributing to the development and implementation of these initiatives.

- Review and approve specific business transactions as determined by

- Momentive's delegation of authority policy, in coordination with

- Operations Finance Management, Procurement & Supply Chain Management, and Sector and Business Unit Management teams

Key Metrics: Role is Accountable For:

Minimize risk to customer delivery by accurately analyzing and reporting material costs, ensuring timely and efficient financial reporting, estimates, AOP, and ad-hoc requests. Manage, evaluate, and analyze financial and cost accounting data to generate actionable business insights and reporting.