(Only 24h Left) Costing Analyst

3 weeks ago


Chennai, India ESAB Full time
Key Responsibilities:

Cost Analysis and Forecasting:

- Review analysis and data collection on material, labor, and overhead costs for all major GCE locations. Support unit analysis and collection if necessary.- Evaluate production processes and identify inefficiencies impacting cost.- Review monthly manufacturing costs forecasts for units are in line with reality, planned actions and supporting long-term objectives and targets.

Budgeting and Standard Cost Review

- Collaborate with finance and production teams to review budgets and standard costs setting for all key manufacturing locations. If necessary, support budgets preparation.- Ensure manufacturing costs targets are reflected in budget.- Monitor cost variances and recommend corrective actions.

Reporting:

- Generate detailed reports on manufacturing costs, variances, and trends.- Present cost analysis findings to management to inform strategic decisions.

Process Improvement:

- Identify cost-saving opportunities in production and supply chain processes.- Propose and implement solutions to reduce waste and optimize resources.- Support standard costing systems and processes within the organization.- Ensure compliance with financial policies.- Ensure manufacturing costs setting, collection and analysis is documented and used by entity controllers even if various information systems are used.

Cross-Functional Collaboration:

- Work closely with operations, finance, and procurement teams to align cost management strategies.- Provide insights during new product development or process changes.- Work closely with IT specialists

System and Tools Management:

- Use ERP systems, costing tools, and other financial software for data management and analysis.- Maintain accurate cost data in the system for real-time decision-making.

Qualifications and Skills:

Educational Background:

- Bachelor’s degree in Finance, Accounting, Business Administration, Industrial Engineering, or a related field.

Master’s degree or professional certifications (e.g., CIMA, CMA ICWA)

Experience:

- Proven experience in cost analysis, manufacturing finance, or a related role in the manufacturing industry.- Familiarity with manufacturing practices in at least 2 industries or regions.

Technical Skills:

- Proficiency in financial modeling and cost accounting principles.- Experience with ERP systems (e.g., SAP, Oracle) and advanced Excel skills.

Analytical Abilities:

- Strong analytical mindset with attention to detail.- Ability to interpret data and provide actionable insights.

Soft Skills:

- Effective communication and presentation skills.- Strong organizational and time management abilities.- Problem-solving mindset and a proactive approach.

Language Proficiency:

- Fluency in English is essential.- Proficiency in other European languages is a plus.

Work Environment:

- Office-based with occasional travel to manufacturing sites.- Interaction with cross-functional teams in diverse cultural settings.- Fast-paced environment requiring adaptability and multitasking.

Key Performance Indicators (KPIs):

1. Accuracy of cost reports and variance analysis.2. Identified and implemented cost-saving initiatives.3. Timeliness and quality of budgeting and forecasting processes.4. Effective collaboration with cross-functional teams.

Additional Notes:

- Candidates must demonstrate a solid understanding of manufacturing processes and financial principles.- Familiarity with sustainable manufacturing practices and cost implications of environmental regulations is desirable.

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