- RFQ Costing for all product lines
- Review total new product costing and current product costing through check of related internal workings based on management guidelines to obtain the best price for quotation to customer
- Analyze calculation of financial parameters such as IRR, payback for new project to identify opportunities for RMC reduction, capex reduction and to provide competitive rate proposal to customer
- Participate in Program Management project kick off meeting and propose methods for negotiation to reduce costs in capex, RMC etc.
- Review quarterly/half yearly amendment & cross verification of price obtained from customer
- Review of RFQ costing working by team
- Analyze costing figures for Customer ECN, Internal ECN & Obsolescence
2 Variance Analysis & Budgetary control
- Collet & Collate P&L on monthly basis. Compare the report with Budget to study the gap.
- Prepare & Submit report of variance analysis on monthly basis.
- Study product wise/process wise martial cost variance and highlighting difference of major impacting variances to concerned stakeholders.
- Study & compare customer wise sales data with budget & prepare the variance report to management for decision making.
3 Maintaining, Controlling /CO SAP Module
- Create cost centers as per requirement & update machine Hour rate in SAP for created cost center
- Studying & Correcting material master's in system
- Create & analyze Simulation of Finished & Semi finished product for releasing of product cost
- Resolving error related to the cost center & suggesting cost center accounting in SAP
- Prepare & propose cost estimates of product & process in SAP
4 Review & Update Activity rate
- Review & Update machine hour rate on quarterly / Yearly basis.
- Studying product cost after updation of rate & identify impact on process cost
5 Process & Product cost analysis
- Prepare product wise contribution report
- Prepare & Analyze product /process cost to control variances
- Highlight performance based on product & process cost
- Suggest improvement areas in consultation with ME department head
6 Handling Cost Audits
- Prepare data for internal /external audits i.e. consumption report, sales report, consumable, repairs & maintenance cost etc.
7 MIS & Reports
- Planning, Studying, and collecting data to determine costs of business activity
- Preparing plant efficiency statement for all plants
- Submit Monthly management reports
- Preparing product wise cost sheet along with profitability
8 Capex controlling validating the IRR and NPV of the projects
9 Responsible for sales analysis at model level and margin analysis at product level
Qualifications
- Qualifications Required: CA or CMA (ICWA) (1st attempt preferred)
Work Experience
- Minimum 15 years of experience in manufacturing (Preferably Automotive / Auto component Companies) with strong exposure in leading the company's costing function
