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 primary purpose of the Deputy Manager MIS & Costing role is to support strategic decision-making by delivering timely, accurate, and insightful management information reports (MIS. and conducting detailed cost analysis. The role ensures effective financial control through cost monitoring, variance analysis, and process efficiency evaluations, while also providing data-driven recommendations to optimize operational performance. This position acts as a bridge between finance and operational teams to enhance cost transparency and contribute to the overall profitability and sustainability of the organization.
Job Title
Support - Finance & Accounts - Costing & MIS
Job Description
Product Costing & Cost RunEnsure 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. Budgeting and ForecastingPrepare 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. MIS ReportingPrepare 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. Reconciliation & Profit AnalysisReconcile accounting profit with costing profit, identifying reasons for differences.Support month-end closing activities related to cost accounting. Variance AnalysisPerform 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. Cost Audit & CompliancePrepare 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. 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.
Principal Accountabilities
Prepare and analyze management information reports and cost data to support strategic planning and operational efficiencybr Conduct detailed cost analysis and variance analysis to ensure effective financial controlbr Coordinate with various departments to gather data analyze variances and assist in budgeting forecasting and decisionmaking processesbr Provide datadriven recommendations to optimize operational performance and contribute to cost optimizationbr Ensure transparency in cost structures and contribute to business performance monitoringbr Act as a bridge between finance and operational teams to enhance cost transparency and support the overall profitability and sustainability of the organization
Key Interactions
Auditors,Customers,Cross-Functional Collaboration ,Finance & Accounts,Financial Auditing
Experience
6
Competency Name
Competency Name Proficiency Level Global Mind-set Costing Business & Commercial acumen MIS & Reporting_Finance & Accounts People Excellence Data Anlysis Entrepreneurship SAP / Other IT Related applications_Finance & Accounts
Additional Section (Can Be Added, If Required.
NA
