Costing Analyst

2 days ago


Delhi, 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 ReviewCollaborate 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 specialistsSystem 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):Accuracy of cost reports and variance analysis.Identified and implemented cost-saving initiatives.Timeliness and quality of budgeting and forecasting processes.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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