Sub Section Head - MIS & Costing - Steel

Welspun Specialty Solutions Limited

8 - 13 years

15 - 25 Lacs

jhagadia

Posted:None| Platform:

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Skills Required

profitability sub master data forecasting internal control costing variance analysis auditing accounting co sap co internal audit reconciliation budgeting labour closing profit analysis mis compliance financial reporting financial planning profit taxation finance

Work Mode

Work from Office

Job Type

Full Time

Job Description

1. Product Costing & Cost Run
- Ensure accurate and timely product costing including material, labour, and overhead costs.
- Manage monthly and annual cost runs in SAP CO module.
- Analyse and validate cost estimates, BOMs, and routings for accuracy and efficiency.
- Maintain and update standard costing.
2. Budgeting and Forecasting
- Prepare and coordinate annual and monthly budgets in collaboration with all departments.
- Monitor actual performance vs budget and highlight significant deviations.
- Assist in rolling forecasts based on business inputs.
3. MIS Reporting
- Prepare and publish timely and accurate monthly MIS reports for management.
- Design and implement dashboards and KPIs for performance tracking.
- Provide cost and profitability reports by product, department, customer, or geography.
4. Reconciliation & Profit Analysis
- Reconcile accounting profit with costing profit, identifying reasons for differences.
- Support month-end closing activities related to cost accounting.
5. Variance Analysis
- Perform detailed variance analysis (Standard vs Actual costs) for material, labour, overheads, etc.
- Identify root causes for variances and coordinate with respective departments for explanations.
Ensure proper accounting/posting of variances in SAP after getting the approval from respective authority.

6. Cost Audit & Compliance
- Prepare cost records and documentation for cost audit.
Coordinate with cost auditors and provide required data and responses for timely completion of Cost Audit.
- Ensure compliance with statutory cost accounting standards.
7. SAP CO Module Management

Handle master data maintenance, BOM Maintenance, Standard Costing of routings and reporting within SAP CO module.
- Ensure seamless integration with FI, MM, and PP modules.
Work with IT/SAP teams to drive automation and improvements in costing processes.

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