Product Cost and Capex Control (Diversity)

Job | Urgent Hiring- Product Cost and Capex Control (Diversity)
Company : OEM
Post : Product Cost and Capex Control (Diversity)
Job Type: Full Time
Job Location : NCR
Qualification : CA/ ICWA/ MBA Finance (from reputed college)
Experience : 5 to 10 years
Salary : Negotiable

JOB RESPONSIBILITIES: -

Role Purpose: Product Cost and Capex Control – Noida/Pune

Responsible for Product costing, Standard Cost Management, Inventory Valuation, Costing for budget/forecasting/quotation/price fixation, variance and efficiency analysis along with all core activities of costing.

Evaluate the monthly impacts and forecasting along with PD/ PD control for tracking price changes. Timely provides information to various functions like Business Managers, Taxation, Marketing/ Commercial Controller and other Corporate Functions etc

Track and Manage Capex spending, highlighting delays and corrective actions. Ensure no overspending. Post Investment Audits

Major Accountabilities:

 Primary and Secondary duties:

•     Product Costing: Annual product costing calculation, analysis and Implementation in ERP with ensuring global guideline is followed. Timely Routine standard costing for raw materials and finished goods calculation, analysis and implementation to ensure smooth functioning of product costing model, pricing, production and sale.
•     Pricing: Calculation, analysis and sharing annual and routine standard cost for export market, domestic market and spare part department for business support and functioning.
•     Budgeting and Forecasting: Budgeted Cost calculation, analysis and usage for all tractor and component variants and usage of same for production cost calculation and management decision making
•     Analysis followed by proactive/corrective action: Analysis of production order efficiency, general ledgers, product costings for tractors and components, FIFO valuation for inventory, actual costing for products for proactive/corrective action and decision making
•     Customer support: Analysis of costing for quotation/price fixation with ensuring satisfaction of sale department, Operation with timely costing in ERP for timely material in-warding, finish goods production and sale, Corporate office for Statutory audit, Sox audit, Transfer price audit, cost audit with data calculation, sharing and validating with auditors. Sharing costing details with government bodies for compliance check, and best practice
•     MBC change impact: Calculation and Analysis of Impact of MBC (Manufacturing Implementation of Engineering Changes) for monitoring and decision making
•     Monthly/Annual Closing and Reporting: Supporting with data, analysis and report for monthly/annual closing and reporting
•     Cost Saving Project: Calculating and monitoring cost saving for project being implemented by different agency on management direction
•     Capex Controlling: Effective control and tracking of Capital Spending and Commitments through usage of system. Analyzing plant capital spending throughout the life cycle of each project to determine errors in coding or classification. Contacting project managers to clarify expenditures, asset groupings, and request updates on the status of capital jobs. Timely capitalization of projects

Communicating with various manufacturing operations areas to understand capital jobs, any issues/delays, and the related assets that will be set-up.

•     Capex Process: Applying the Company's capital policy and providing timely guidance to Company personnel when necessary. Coordinate closely with accounting for depreciation and eliminate gaps if any.
•     Post Investment Audits: Develop mechanism for Auditing required deliverables post implementation and discuss with respective owners & suggest corrective actions

Leadership/Team Management Responsibility:

•     Work closing with Business and commercial team for updation of change in prices for corrective actions

If anyone is interested and has relevant experience, drop your CV at jobs@leotoise.com