Costing Executive

Job Description

Merino Group Merino is a versatile manufacturer and marketer of Interiors Solutions with a wide array of products for homes, offices, commercial and public areas. Decades of strong market presence have created a high brand recall among various customer segments. Tapping the synergy of our products and services, we achieve a competitive advantage through technology innovation and by delivering greater customer satisfaction. In Interior Solutions, plywood was our first product in 1974 and it launched our reputation for product quality and company service. Merino then established its manufacturing unit for high pressure decorative laminates at Hapur near New Delhi. A second unit at Rohad was commissioned, as our rapid growth evolved us into India's largest manufacturer and exporter of laminates. Our specialty is to continuously release new products which are aligned to international trends and market demand. Over the years, our innovations have been continuously well received by Architects and Interior Designers. Our quality products have been complementing the creativity of these professionals. Our endeavor is to maximize the product value (Excellence), maintain affordability (Economy) and deal fairly and transparently in all our relationships (Ethics). In the Agro Business, the Merino Group began in the cold storage business and subsequently diversified into farming, biotechnology and food processing. Our integrated approach enables us to offer customers the complete range - from raw material to finished product. Our integration in both directions - forward and backward - has shaped our brand initiative in the FMCG market where we have launched potato flakes and ready to eat snack mixes under the brand name 'Vegit'. In Information Technology Services, Merino Services Limited is a Business Consulting and IT Services organization providing value-added services as a Partner-in-Progress with our esteemed customers and business associates. We specialize in design/implementation of various business solutions for our customers. Job title - Costing Executive Function Sub Function Reportee (Nos): Years of Exp Qualification: Costing-Executive FPA 0 3-5 years CA Inter/CMA Inter Role & Key Deliverables We are looking for a dedicated and detail-oriented Cost Executive to join our Finance team. The ideal candidate will play a key role in analyzing costs, supporting pricing strategies, managing supplier negotiations, and aiding in the profitability and working capital analysis of projects. Cost Analysis & Pricing Support Prepare detailed cost sheets and pricing models. Conduct raw material, service, and production cost analysis. Analyse cost trends and support pricing decisions to ensure profitability Project Profitability Analysis Assist in evaluating margins by product, customer, and business line. Support analysis of revenue, direct/indirect costs, and overhead allocations. Update profitability dashboards regularly using Excel or BI tools. MIS Reporting Prepare and update costing-related MIS reports on a monthly basis. Develop dashboards and data summaries for finance and senior management. Yield Analysis & Offcut Utilization Analyze material input vs. actual output for each production order. Track wastage, rework, and rejection rates across orders. Identify yield variances and coordinate with production to determine causes and corrective actions. Prepare and submit detailed order-wise yield reports to management. Offcut Data Analysis Analyze offcut (leftover material) data from production runs. Categorize offcuts into reusable, scrap, or reworkable material. Recommend process improvements to reduce offcuts and optimize material usage. Maintain historical offcut data for trend analysis and reporting. BOM Validation for MRS /FUR Review and validate Bills of Materials (BOM) against Material Requisition Slips (MRS). Ensure materials issued align with BOM standards and order requirements. Highlight discrepancies and coordinate with planning and production for resolution. Support continuous BOM updates to reflect real-time changes in material usage or product design. Production Order Reconciliation Reconcile material issues vs. actual consumption for each production order. Validate production output against raw material input and identify over/under consumption. Reconcile returns, rejections, and scraps linked to each production order. Verify actual costs vs. standard costs and highlight any variances. Sales Order vs. Production Order Analysis Match and reconcile Sales Orders (SO) with corresponding Production Orders (PO). Monitor whether all customer orders are correctly converted to production plans. Identify mismatches such as short production, overproduction, or unlinked orders. Track order fulfilment status and ensure timely updates in ERP/MIS systems Short Consumption Monitoring Prepare and maintain short consumption reports by comparing actual vs. standard material usage. Identify production orders with lower-than-expected material consumption. Analyze potential reasons for short consumption such as data entry errors, BOM inaccuracies, or production deviations. Working Capital Support Support in managing payables and cost-based cash flow forecasting. Help track key metrics related to inventory and vendor payments. Machine Hour Rate understanding. Cost centre will cost analysis. Support in MHR activity Cost Run Activity in SAP Material Reconciliation: Order wise /Party wise RMC % and compare with Pricing quote Skillsets Managerial & Leadership Good Interpersonal Skill, Good Analytical Skill, Pro-activeness, Ability to set the priority for timely delivery of reports/information. Number savvy Technical & Functional Work experience as a Finance Department Accountant Thorough knowledge of ProjectWise accounting. and Project Cost & Revenue Analysis Good exposure for preparing long range plan and new product profitability analysis IT & Computer Excellent skill in MS Excel, database management and ERP system SAP Knowledge must People/ Soft Skills Good Communication and Analytical Skill Experience The candidate should be Accountant ( CA / CMA (Inter)) minimum 3-5 year experience of working as Project Receivable Management & MIS Reporting. of a medium or large size manufacturing organization of Rs 200 Cr., from the OEM supply company like Automobiles/White goods manufacturing ancillary, with proven track of implementation of manual and ERP based costing system Interactions Internal External Key Result Areas ( KRA) Key Performance Indicators (KPI) Reconciliation of Production Order & BOM Validation for MRS Reconciliation Required of each order & alos monitoring of BOM on Daily / Weekly Basis MIS Reporting Mis Reporting on Monthly Basis Yield Analysis & Offcut Utilization Monitoring of Offcut material utilization & also working on Yield Analysis Short Consumption Monitoring Highlight short consumption against BOM of each order Analysis Sales Order vs. Production Order Working on sale order Vs Production Order