Manager - Costing

Greetings!!!

Openings for Manager - Costing

Location: Kodigehaali, Bangalore

Client: The leading engineering and manufacturing companies in India

Experience: 5 - 7 years of experience in accounting and finance, with a preference for experience in the automobile industry.

Qualification: Cost accountant / Engineer with costing experience

Role Purpose:

Responsibilities would include financial analysis, budget analysis, forecasting, variance analysis, and ensuring adherence to accounting/Costing standards and regulations. The role may also involve, cost optimization, and collaboration with cross-functional teams.

Here's a more detailed breakdown:

Core Responsibilities:

• Financial Analysis:

Conduct variance analysis to identify and explain deviations from budget and forecasts.

• Cost Accounting & Management:

Manage and analyze costs, identify cost-saving opportunities, and implement cost-reduction strategies. This may involve standard costing, activity-based costing, and cost-benefit analysis.

• Budgeting & Forecasting Analysis:

Analysis of annual budgets and monthly forecasts, ensuring accuracy and alignment with business objectives.

• Compliance & Regulatory Requirements:

Ensure compliance with Costing standards and industry-specific regulations.

• Internal Controls & Audit:

Preparation of SOP to maintain internal controls, participate in internal and external audits.

• Cost Record Maintenance & audit

Cost Audit record maintenance & assisting in its audit.

• Collaboration:

Work with various departments, including operations, sales, and procurement, to support financial planning and decision-making.

Specifics for the Automobile Industry:

• Production Costing:

i) Analysing and managing the costs associated with vehicle manufacturing, including direct materials, direct labor, and manufacturing overhead, monitoring of margin. Deviation need to highlight to management. New product RFQ checking & its margin monitoring.

ii) Analysis of BOM consumption wrt to price variance & Quantity variance. Calculation of Profitability (Customer Wise, Product Wise, unit wise).

iii) Reasons of BOM consumption mismatch with unit.

iv) Analysis of Steel Delta (Customer Vs Vendor rates) in comparison to previous period.

v) Machine Hour calculations & product costing.

vi) Provision required against customer/ supplier payable/receivable to reconcile with unit.

• Supplier:

Zero Base Costing checking of supplier, mapping it with Customer. Steel settlement, its impact on margin, recovery from customer. Settlement with respect to industry & deviation to highlight.

• Engineering Change Note

Continuous monitoring of Internal & External ECN, its implementation & recovery from customer to ensure. Non recoverable/ delay in recovery to highlight & take required approval.

Qualifications:

• Skills:

Strong analytical, problem-solving, and communication skills. Proficiency in Advanced Excel.

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Interested candidates can revert back to recruiter@bangalorestrategic.com

WITH BELOW DETAILS ;

Total Experience:

Experience in Costing:

CTC:

ECTC:

Notice period:

Current location:

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Regards

Shruthi J