Assistant Manager / Manager - Costing

Job Responsibilities:

• Preparation of weekly & monthly

  cost sheets

  for Iron & Steel Plant, DRI, SMS, Pellet Plant & Mills.
• Preparing division-wise and GL-wise

  administrative overhead expenses

  , analyzing deviations against budget.
• Presenting product-wise

  variable cost

  in monthly management review meetings.
• Ensuring all expenses are booked to the correct

  cost center

  .
• Reviewing the

  Annual Business Plan

  and preparing quarterly rolling forecasts for management.
• Reviewing all paras of the

  Cost Audit report

  with backup workings and resolving cost auditor queries before submission.
• Preparing

  forecasts

  by compiling data from various departments and presenting to management.

Sales & Production MIS:

• Generating month-wise and consolidated reports of sales & production, including product mix and plant-wise NSR reports.
• Daily release of SR for checking GL account and fund center to ensure proper expense accounting and budget control department-wise.

Budgeting:

• Active member of the budget team, uploading budgets in SAP, and transferring budgets between fund centers as required.

Warranty Analysis:

• Preparing warranty schedules and anticipating excess or short provisions based on completed sales batches.

Material Reconciliation:

• Preparing raw material reconciliation schedules by calculating theoretical consumption and reconciling with GL accounts.

Activity Rate Calculation:

• Quarterly calculation of activity rates based on expenses booked in cost centers, allocating service and non-production expenses appropriately.

Variance Analysis:

• Identifying reasons for variance between budget and actuals, segregating variances into cost, sales, and other categories.

Shop-wise Performance Evaluation:

• Calculating conversion rates for various shops and highlighting areas needing corrective action by management.

Inventory Monitoring & Control:

• Weekly and monthly preparation of inventory reports, highlighting issues related to MASOP inventory and vehicle reconciliation.

Cost Records Preparation:

• Preparing cost records as per Cost Accounting Standards & Generally Accepted Cost Accounting Principles.

MIS Reporting:

• Preparing CFO exceptional reports, Capex progressive reports, contribution analysis (product, zone, customer, country-wise), plant performance reports, top-level MIS reports (Chairman's, Board, Functional Heads, Adhoc reports), overall plant efficiency, and loss cost matrix reports.

Audit Support:

• Providing inputs to statutory audit, cost audit, tax audit, and other agencies.

System Development:

• Customizing SAP reports to support digitalization goals.
• Developing Power BI dashboards for management reviews and lag improvement.
• Strong command of Advanced Excel for handling large databases.

Computer Skills:

• SAP (CO, FI & MM modules) with expertise in BOM & Routing.
• Experience in SAP S4 HANA CO-Module core and BI software for cost sheet preparation.
• Proficient in Microsoft Office (Excel, Access, PowerPoint, Internet).