Cost Manager

Company Description

Soliflex Packaging Pvt Ltd is a family-owned business with over four decades of experience in manufacturing high-performance products. Specializing in Big Bags and Container Liners, Soliflex is dedicated to providing dependable surety in the world of moving things. As India's first Integrated facility offering a full range of bulk packaging solutions, Soliflex ensures that their products Move Your Business Forward.

Role Description

Soliflex is looking for a Cost Accountant – Factory Operations. There are 6 manufacturing facilities (units) and Stores department. The incumbent will be based out of the biggest factory at Tumkur managing the Costing function of the factory operations (al the units). He will be responsible for accurately capturing and declaring the overall cost of manufacturing. He will be the finance supervisor for Receipt of RM / Accessories / Engineering Spares & Consumables, Issue from Stores, Consumption accounting towards production and engineering maintenance, Estimating yield, Wastage and COGS of Fabric and Finishing. This role involves collaborating with planning, purchase, stores, Maintenance and Quality team. The role also declares primarily the monthly consumption for RM & Accessories, and secondarily the consumption for Engineering Spares & Consumables. The role directly reports to Manager FP&A at Corporate Office and has a dotted line to VP – Operations and Engineering.

Role & Responsibility:

The role has the following responsibilities to be achieved for FIBC & CL:  

1. Purchase Accounting, Storage & Control, Issue to Production & Maintenance and accounting the same – For RM & Accessories. 
2. Purchase Accounting, Storage & Control, Issue to Production & Maintenance and accounting the same – For Spares & Consumables 
3. RM + Accessories consumption estimate basis net issue to production matched with output.  
4. Spares and Consumables consumption estimate basis net issue to engineering & maintenance department.  
5. Estimating the COGS for each batch and aggregating the same for any given period.  
6. Value WIP accurately at the end of the month.  
7. Complete accounting control over RM Stores & Roll Stock stores and Maintenance Spares stores.  

Purchase & Stores Accounting:

1. Supervise the accounting process involved with (RM + Accessories + Consumables) purchase, receipts, issued to floor, consumption & WIP.  
2. Audit of inventory – RM / FG as defined and periodicity. 
3. Flag over stocking and under stocking risk of items 
4. Control of inventory and its movement.  

Manufacturing Accounting: (Separately for FIBC and CL)

1. Calculating accurate Cost of Goods Sold (COGS) for each order and track profitability by order irrespective of whether they are produced inhouse or given for job work.  
2. Efficiently reconciling material issued with FG production and WIP, matching with output, wastage to arrive at final COGS costs. 
3. Valuation of WIP accurately 
4. Calculating material consumption and manufacturing yield by each product / batch and aggregate accurately for consolidation. 
5. Compare actual production cost and the customer purchase order (PO) cost to compute variance such as quantity, pricing, product mix, number of operations etc.  
6. Consolidating the cost of manufacturing of FG accurately factoring all inputs, quantities, and pricing to declare the COGS and WIP value.  
7. Declare the monthly consumption of Engineering spares and consumables as per the above procedure.  
8. Prepare bag type and container wise actual costing and declare profitability compared to Sales Orders.  

Common to All: The role has a delicate balance of 50% process control and 50% execution.   

Qualifications:

• ICWAI with 3-5 years of experience post qualification.  
• Must have worked in manufacturing set up.  
• Strong knowledge of building teams and driving process.  
• Proven track record of meeting timelines and deliverables.  
• Excellent communication, leadership, team management and collaboration skills. 
• Ability to work in a fast-paced environment and manage multiple factories. 
• Strong analytical and problem-solving skills.