6 Cost Variance Jobs

As a member of the costing team in the electrical switchboard building industry, your role is pivotal in ensuring accurate and efficient cost management. Your performance will be measured against various Key Performance Indicators (KPIs) designed to evaluate and enhance the team's effectiveness: Cost Accuracy: Your ability to provide precise cost estimates that closely align with actual costs incurred during the production of electrical switchboards is crucial for maintaining budgetary alignment. Cost Variance: Monitoring and analyzing the differences between estimated costs and actual costs for each project will enable you to identify areas where improvements in estimating accuracy can be made. Profit Margins: Calculating profit margins on projects by comparing revenue generated with total costs incurred will ensure that the costing team contributes to maintaining healthy profit margins. Cost Efficiency: Your role involves evaluating the team's efficiency in controlling and minimizing costs while upholding quality standards. Comparing the cost of goods sold (COGS) against revenue generated will be a key metric. Material Cost Tracking: Ensuring accuracy in estimates related to material costs is essential for providing realistic and precise projections for raw materials. Labor Cost Efficiency: Assessing labor costs by comparing estimated costs with actual time spent on projects will help identify opportunities for improving labor productivity. Overhead Costs: Tracking and managing overhead costs associated with switchboard production, such as facility costs, utilities, and administrative expenses, is essential for cost control. Cost-to-Sales Ratio: Calculating the ratio of total costs to total sales will indicate the effectiveness of cost management and profitability. Quote-to-Order Conversion Rate: Your success will be measured by the percentage of quotes that convert into actual orders, reflecting effective pricing strategies and competitiveness in the market. Supplier Negotiation Effectiveness: Evaluating your ability to negotiate favorable terms with suppliers will directly impact the overall cost structure. Time-to-Quote: Your efficiency in preparing and delivering quotes to potential clients will influence customer responsiveness and competitiveness in the market. Cost Benchmarking: Comparing costs of switchboard production with industry benchmarks and competitors will provide insights into your efficiency and competitiveness. Regularly reviewing these KPIs will enable you to identify areas for improvement, optimize processes, and contribute to the overall success and profitability of the electrical switchboard building business. Adapt these KPIs to align with the specific goals and challenges faced by your organization. This is a Full-time, Permanent position with benefits including cell phone reimbursement, provided food, health insurance, paid sick time, paid time off, and Provident Fund. The work schedule is a Day shift with a Yearly bonus. The work location is in person.,

Smart infrastructure from Siemens is dedicated to making the world a more connected and caring place, valuing resources, considering the impact on the world, and delivering sustainable energy reliably and efficiently. It provides the flexible infrastructure needed for society to evolve and adapt to changing conditions. Technology and human ingenuity work together to harmonize with our environments and take care of our world, from the macro to the micro level. Siemens offers a wide portfolio of grid control and automation, low- and medium-voltage power distribution, switching and control, as well as building automation, fire safety and security, HVAC control, and energy solutions. As a Product Costing Specialist, your responsibilities will include: - Conducting product costing, standard cost updates, analyzing cost variances, and preparing costing reports - Independently handling complete regulative exercises and cost audits for the factory - Developing and maintaining the cost accounting system, documents, and records of the organization - Creating product level EVA and maintaining templates for product managers for estimating product costs - Working with cross-functional, global, and virtual teams to monitor key metrics comparing product estimations to actuals over time - Managing inventory accounting, reporting, reconciliations, and price checks for incoming orders - Performing month-end closing activities and ensuring timely and accurate financial accounting related to revenue and costing - Reviewing and monitoring profitability and balance sheet accounts, as well as preparing internal cost audits Key Requirements: - Preferably education in ICWA/CA, MCOM, MBA Finance with a minimum of 5 years of product costing work experience - Strong financial management and product costing background with a sound understanding of accounting principles - Analytical thinker with strong conceptual and problem-solving skills - Ability to work under pressure, meet tight deadlines, and collaborate effectively within a team - Excellent report-writing, communication, multitasking, and hands-on skills in Excel, macro, and IT If you are passionate about contributing to Product & Solution Security as a Product Solution & Security Officer (PSSO) at Siemens, your role will involve: - Implementing the strategy for Product & Solution Security for the entire product portfolio of the business unit Electrification & Automation - Guiding and enabling product teams concerning Product & Solution Security and managing product security risks transparently - Ensuring Product & Solution Security requirements are implemented in compliance with legal, regulatory, and internal cybersecurity standards, and enhancing tooling and reporting - Orchestrating, supervising, and coaching a community of Product & Solutions Security Experts worldwide - Collaborating with peer functions within the business unit and across Siemens corporate level to enhance cybersecurity processes - Coordinating Product & Solution Security vulnerability and incident handling, evaluating vulnerability tracking systems, and contributing to fulfilling reporting requirements Qualifications for this position include: - Extensive experience in power supply, grids, Medium Voltage/Low Voltage, system protection, automation, and IoT domain - Knowledge of international cybersecurity standards such as IEC 62443 and ISO/IEC 27001, with familiarity in IEC 62351 as a plus - Experience in cybersecurity standards and processes, with certifications like CISSP or degrees in relevant fields - Familiarity with Siemens PSS processes and initial experience working with the Siemens PSS and PCERT community - Ability to learn quickly, adapt to a fast-paced environment, and drive topics to successful results in collaboration and teamwork - University degree in electrical engineering, computer science, or related field, proficiency in English Siemens is an inclusive organization with a diverse workforce dedicated to building the future. If you are ready to shape tomorrow as a Future Maker, we welcome your online application. Please ensure all areas of the application form are completed to the best of your ability for a thorough review of your suitability for the role.,

For Oil and Gas Projects - Oversee cost estimation, project scheduling, budgeting, and performance tracking for capital and maintenance. Drive cost tool implementation, forecasting, benchmarking, and reporting aligned with engineering best practices. Required Candidate profile Engineers with 7–12 yrs experience in cost estimation, project planning / control functions within oil & gas. Skilled in iPIMS, Ecosys, Primavera, project cost reporting, and capital project budgeting

Assistant Cost Lead Project and Development Services What this job involves: Steering projects at the helm To be stationed in Bangalore, you ll work side-by-side with the cost manager or senior cost manager to ensure the success of a project from its pre-design phase to its completion. You ll assemble and lead various project teams; and monitor the teams performance, and bring out the best in every team member. You re also in charge of creating the organisational structure, project objectives and working procedures for the teams. Your Cost management skills will also be of great value, as you set up clear project cost plans and allot sufficient budget to achieve optimal results and meet the company s target profits. Also part of your job is to attend project meetings as required, develop monthly reports and carry out contract administration. Furthermore, you ll oversee negotiations, analyses and promotions of quality control systems. Your task is to fully understand, collect and deliver clients requirements. The CC team will depend on you to help schedule or plan establishment, value engineer, and design change management. You ll also assist the contract manager in all related procurement and VO management. On top of that, you ll support the construction manager in all related installation, site inspection and contractor management, Prepare BOQ s, Quantity Survey & Quantity Take Off, Cost Analysis for each of the line items in the BOQ as required for project to project, Benchmarking, Review & Standardize of Specifications, Sound Technical Knowledge on Civil / MEP aspects as applicable, Procurement from Cost Management perspective, Finalise Commercials with vendors, Rate Contracts as applicable, Boosting client relationships Helping clients achieve success is what JLL does best and your role is an extension of this tradition. To effectively help our clients, you ll identify their needs and constraints, and work around these challenges. You also have to effectively represent our clients throughout the whole duration of the projects. Do you have an enormous talent for promotion If so, this is the perfect job for you, as you ll also represent and promote the company throughout the project. The ACL is responsible for implementing administering and maintaining cost control systems and procedures to track budgets, commitments, expenditures and forecasts, and to assist in the preparation and review of cost estimates and schedules for projects of medium complexity and value; Provide cost information to support decision and alternative selection Evaluate contractor invoices prior to submission into client Finance systems for pre-approval Utilize information from SAP (or similar) and input to cost report and validation of spending Evaluate and analyze bids and provide recommendation for decision making Provide forecasts and cash flow analysis Maintain and manage the cost report and provide regular updates on financial position Assist in the development, validation and maintenance of the project schedule Assist in developing reporting tracking tools and generates cost reports on regular basis including evaluation of earned value Support the coordination of the Change Management process for the project Build intricate spreadsheets to enable fast and accurate data manipulation of large data sets Extract data from several sources, transforming it to fit operational needs Reconcile data to support complete accuracy and creates a clean audit trail Pre-Contract Assist in Developing cost plans and estimates through the design phase, delivering updated cost plans at appropriate design milestones. Providing commercial input to design optioneering and input into value engineering exercises. Reviewing contractor and subcontractor pricing and leading negotiations on behalf of the client to drive fair contract prices. Post-Contract Performing quantity surveying, cost controls and change management activities throughout the project life cycle. Ensuring that post-contract cost variances and change control processes are managed effectively. Ensuring that cost auditing and valuation work is managed effectively and that a robust process for cost validation is in place. Carrying out the production of monthly cost reports for presentation to the client. Ensuring that final accounts are negotiated and agreed in a timely manner. Compiling as built cost estimate records for bench marking purposes. Sounds like you To apply, you need to be: A seasoned expert The ideal candidate is no neophyte you should exhibit high-level management skills, and should hold a degree in relevant property-related discipline. Likewise, you should have established yourself as a professional within design, construction and cost management. Moreover, you should have a proven track record in profit planning, business development, networking and marketing. An effective communicator Are you considered a natural communicator Alongside your native tongue, do you have a strong grasp of written and spoken English You ll need it in this role - strong communication skills will surely land you the job. Likewise, you ll be in charge of creating an environment where all team members are encouraged to contribute; as well as managing company staff to achieve enthusiastic and effective contribution to the project. Furthermore, you ll actively search for improvement opportunities, and empower the team to implement them.

Role & responsibilities: Estimate costs/budgets Track variances Manage procurement/contract costs Generate cost reports Skill Set & Tools: Cost forecasting ERP systems SAP, Oracle Primavera Cost Controls, Power BI, Excel

New Product Costing Business Evaluation & Feasibility Coordination with other dept for Quote & Business Bidding Benchmarking of Product Price Trend Analysis of RM, BOP, Paint, Metal Process Cost Trend for Product Cost Saving Reports Improvement Plan Required Candidate profile Must have: SAP: Month-end Cost Run. Flash Cost Sheet of each product. SKF run in SAP. MHR AHR LHR Analysis.