GM/– Deputy Group Cost Controller

Job Description Job Description Experience: 15+ years in cost control, financial planning, and cost accounting within a publicly listed automotive manufacturing organization Qualification: Cost & Management Accountant (ICWA/CMA) Age: Around 45 years Key Responsibilities: 1. Cost Control & Financial Controlling - Establish and implement cost control strategies to optimize profitability and efficiency. - Oversee cost accounting processes across all plants, ensuring accuracy in cost allocation. - Analyze cost structures, overhead allocations, and production variances, identifying cost-saving opportunities. - Monitor and control manufacturing costs, standard costs, and actual costs, ensuring alignment with financial goals. - Drive cost reduction initiatives in collaboration with operations, procurement, and finance teams. - Benchmark cost structures and financial controls with industry best practices. 2. Budgeting, Forecasting & Variance Analysis - Lead cost budgeting and forecasting for multi-plant operations. - Conduct variance analysis, investigating and resolving discrepancies in cost reporting. - Develop costing models for new product development and manufacturing efficiency. - Monitor standard vs. actual cost variances, ensuring corrective action plans are implemented. - Review and control capital expenditure (CapEx) and operational expenditure (OpEx), ensuring budget adherence. 3. Compliance, Cost Audits & Regulatory Adherence - Ensure compliance with cost accounting standards, SEBI regulations, and financial disclosure norms for a publicly listed company. - Manage cost audits, internal audits, and statutory compliance, ensuring transparency and accuracy. - Coordinate with auditors and regulatory authorities to ensure smooth cost reporting and compliance. - Establish and maintain robust internal controls to safeguard financial integrity. 4. Standard Costing & Pricing Strategy - Implement and maintain standard costing methodologies across all plants. - Evaluate and optimize pricing strategies to ensure profitability and market competitiveness. - Conduct product cost analysis, identifying margin improvement opportunities. - Collaborate with procurement and production teams to assess the impact of raw material price fluctuations. 5. Inventory Valuation & Working Capital Optimization - Ensure accurate inventory valuation, slow-moving & obsolete stock analysis, and risk mitigation strategies. - Control working capital efficiency, focusing on inventory, material cost forecasting, and provisioning. - Collaborate with supply chain teams to optimize inventory levels and procurement strategies. 6. Financial Reporting & Business Partnering - Prepare and present cost reports, MIS, and financial analysis for senior leadership. - Provide financial insights to support strategic decision-making and cost optimization. - Work closely with plant heads, finance, and operational teams to enhance cost efficiency and financial performance. 7. Team Leadership & Process Improvement - Lead and mentor the cost accounting and financial control teams. - Implement best practices in cost control, process automation, and ERP integration (SAP preferred). - Drive continuous process improvements to enhance reporting accuracy and decision-making efficiency. Key Requirements: -ICWA qualified professional with 15+ years of experience in cost control and financial planning within a publicly listed automotive manufacturing company. -Strong expertise in cost accounting, variance analysis, and standard costing. -Proven track record of cost control, cost audits, and compliance management in a multi-plant environment. -Experience working with ERP systems (SAP preferred) and financial reporting tools. -Deep understanding of SEBI regulations, corporate governance, and financial disclosure norms. -Excellent analytical, problem-solving, and decision-making skills. -Strong leadership and stakeholder management abilities. Check Your Resume for Match Upload your resume and our tool will compare it to the requirements for this job like recruiters do.