Manager - Corp Accounts - Costing (Worli, Mumbai)

Job Description

KEYPERFORMANCE AREAS Accurate estimation of costs for the products & Projects Adherence to reporting timelines and accuracy of reporting Adherence to statutory and compliance norms Accurate and Timely information provision for IT / ATMA /PRE Certification Timely cost updation, monthly closing, variance analysis of finished goods and SFG / FG KEY ACTIVITIES & RESPONSIBILITIES Data Capturing and Costing Analysis Perform product costing, product pricing, budgeting, variance analysis, raw material costing, cost benefit analysis, transfer pricing & reconciliation of cost data for decision making purposes, in consultation with the Plant Finance team Ensure timely coordination and analysis of financial information including monthly financial results, preparation of recurring management reports, budgeting /forecasting support Participate in developing the costing systems using unit costs activity based costing principles and ensuring that report extraction from the financial systems is seamless and effective Track costs and material from Raw Material Inwarding, Conversion, to Finished Goods and Dispatch in consultation with Plant- finance Provide costing support to the S&M team to enable a robust price quoting process to maximize product margins Support the Business Development and Marketing teams in negotiation process by providing support on costing and estimation for the proposal Participate in conducting annual cost audits with established parameters and take efforts to correct deviations Tracking and Monitoring Extract information of the financial performance of the business from the historical databases like sales figures as per cluster, sector and regions Extract expenses information from the data mines like direct costs, indirect costs, fixed costs and variable costs Monitor budget v/s actual costs and report for variance through MIS Consolidate the information received and gathered from the plants & corporate and prepare a robust budget. Reporting and Analysis Interact with internal and external auditors in completing audits Track key performance indicators for each production and non- production work centre Prepare cost sheets and cost audit reports Costing Documentation & MIS 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. Maintain records of bills of materials and other overheads Coordinate with plants, exports and departments to get SKU wise reports of finished goods and raw materials Ensure accurate and timely SAP updation on FICO for all costing processes and activities, and monitor the quality of updation on SAP by the Plant teams