Senior Cost Manager

Job Details:

Role:

Reporting:

Function:

Location:

Job Purpose and Scope

Accountable for managing the costing of products and optimizing inventory levels across products / locations. Will be a key partner in managing working capital optimally and our products are competitively prices at the market place.

Responsibilities:

• Implement and automate end-to-end costing and inventory valuation through the SAP
• Conceptualize and implement effective systems, policies and procedures to ensure a robust cost and MIS reporting system.
• Provide management with reports specifying and comparing factors affecting prices and profitability.
• Prepare and Analyse product wise variance of cost of material and overheads of Budget vs Actual.
• Perform analytical procedures and finalize reporting of variance analysis in discussion with various plant locations.
• Analysing & reporting of purchase price variance (PPV) vs. budget and previous year
• Responsible for COGS reconciliation and variance analysis between standard and actual cost
• Inventory analysis, monitoring and controlling. Review inventory of RM, WIP, and FG, Days of inventory outstanding (DIO); Provide necessary insights about inventory in
• S&OP; Propose inventory related provision as per Accounting policy and recommend Inventory liquidation and write-offs plans as per company’s DOA
• Partnering with procurement team on pricing & vendor payment strategy
• Prepare and finalize annual budget of costing, standard costing and BOM in discussion with Plant Heads and present to the management.
• Conduct an analysis of monthly operating cost and prepare a monthly financial performance report
• Responsible for the preparation, maintain adequate reports and timely completion of annual cost audit.
• Utilize information derived from cost reporting to drive cost saving initiatives throughout the factory and supply chain function.
• Develop visual dashboards for fixed overheads/manufacturing overhead cost as part of Lean programs
• Prepare and share ad-hoc reports/weekly report to various stakeholders from time to time.

Qualifications, Experience & Skills

Education:

• ICWA Experience: 8-15 years of experience
• Minimum working experience of 6+ years in SAP
• Experience in manufacturing organizations

Skills & Competencies:

• Multi tasking and should be able to prioritize
• Ability to deal with ambiguity
• Work in high-pressure situation
• Stakeholder management
• Should have an analytical bend of mind
• Experience of costing and inventory valuation implementation in SAP