Sub Section Head - MIS & Costing - Steel

Job Description

About Welspun Welspun World is one of India's fastest growing global conglomerates with businesses in Home Textiles, Flooring Solutions, Advanced Textiles, DI Pipes, Pig Iron, TMT bars, Stainless Steel, Alloy, Line Pipes, Infrastructure & Warehousing. At Welspun, we strongly believe in our purpose to delight customers through innovation and technology, achieve inclusive & sustainable growth to remain eminent in all our businesses. From Homes to Highways, Hi-tech to Heavy metals, We lead tomorrow together to create a smarter & more sustainable world. Job Purpose/ Summary The MIS & Costing Manager is responsible for overseeing the development, implementation, and management of the organization's Management Information Systems (MIS. and cost accounting functions. This role ensures the accurate and timely reporting of business performance metrics, supports strategic decision-making with data-driven insights, and manages cost control processes to optimize profitability. The incumbent collaborates closely with finance, operations, and senior management to provide meaningful analysis, ensure data integrity, and enhance business efficiency through effective cost management and reporting systems. Job Title Sub Section Head - MIS & Costing - Steel Job Description Develop, implement, and maintain the organization's MIS to ensure accurate and real-time reporting of key business metrics. Oversee the preparation and distribution of daily, weekly, and monthly reports to various departments and senior management. Ensure data accuracy, integrity, and consistency across all reporting platforms. Design and maintain dashboards for business performance monitoring. Analyze data trends and provide insights to management for informed decision-making.Establish and maintain cost accounting systems and procedures for accurate tracking of material, labor, and overhead costs. Review and update cost standards, analyzing variances and taking corrective actions when necessary. Collaborate with other departments to monitor and control project costs, ensuring alignment with budget and financial goals. Perform cost analysis and prepare cost reports to monitor financial performance and support pricing decisions. Conduct regular audits to ensure compliance with costing policies and industry standards.Provide regular cost analysis reports, highlighting variances between actual and budgeted figures, and recommend corrective actions. Support financial forecasting and budgeting processes by providing relevant data and insights. Assist in month-end and year-end closing processes by ensuring accurate costing and reporting entries. Review profitability analysis reports and identify areas for cost optimization. Principal Accountabilities Design, implement, and manage the organization’s MIS, ensuring that systems are up-to-date and meet business needs. Ensure seamless integration of MIS with other business systems, such as ERP, accounting, and inventory systems, to provide real-time, accurate data. Regularly update MIS reports to reflect current business performance and provide insights to senior management.Generate detailed, accurate, and timely management reports, including key performance indicators (KPIs., financial metrics, and operational data. Analyze data trends, identify areas for improvement, and provide actionable recommendations to management based on the analysis. Support decision-making by offering data-driven insights and forecasting future trends. Continuously evaluate and improve the MIS, recommending and implementing new features or systems to enhance reporting accuracy, efficiency, and usability. Oversee the company’s costing processes, ensuring all costs are accurately tracked, classified, and reported.Monitor and analyze cost behavior across different departments, identifying areas of overspend or inefficiencies. Prepare monthly cost reports, highlighting variances between actual and budgeted costs, and work with departments to identify corrective actions.Identify opportunities for cost reduction and process improvements in areas such as procurement, operations, and overhead management. Collaborate with department heads to implement cost control measures and ensure adherence to budgetsCollaborate with the finance team to develop and monitor annual budgets and forecasts. Ensure that cost assumptions are accurately reflected in the budgeting process and adjust as necessary to align with actual performance. Key Interactions Cross-Functional Collaboration ,Finance & Accounts,Mid Management,Internal Communication Experience 10 Competency Name Competency Name Proficiency Level Global Mind-set Product Costing Business & Commercial acumen Commercial Awanress People Excellence MIS & Reporting_Costing Entrepreneurship SAP \/ Other IT Related applications_MIS & Costing Additional Section (Can Be Added, If Required. NA Show more Show less