Strategic Cost Specialist

3 days ago

solapur, India beBeeCostAnalyst Full time

Job DescriptionWe are seeking a highly skilled Cost Analyst to join our team. As a Cost Analyst, you will be responsible for performing product costing activities within the ERP system (SAP) for markets with centralized costing.Key responsibilities include:Transitioning BU level costing activities to finance CoEResponsible for product costing activities performed within SAP for markets with centralised costingEstablishing process for analysis of variances (Price & Factory) and providing business insights including actionable items to reduce variances compared to established standardsSupporting inventory valuation including calculation of capitalised variances and stock provisionsLiasising with technology teams to resolve issues in processes or reportsPerforming ad hoc analysis as required, including deep dives to identify issuesValidating dashboards and reports relating to inventory, procurement and factory performanceSupporting group projects requiring centralised costing supportRole RequirementsSingle point contact for SAP product costingIndependently handle entire product costing activities on SAPRegular review of materials pending for cost release and liaise with markets for timely update of standard costsEnd to end support for release of standard costs following established group methodology for standard cost calculationConduct reviews to ensure accuracy of standard costsReview and validate master data components impacting product costing such as Bill of Materials, Routings, Costing Lot Size and Procurement KeysOperational AnalysisAnalyse procurement transactions and identify cause for price varianceReview exceptions and abnormal variances and liaise with markets to take corrective actionFactory variance analysis and consolidationDevelop reports providing insights into price and factory variancesMonth Close ActivitiesReview gross stocks and reports providing value of gross stock based on group accounting policyCalculate variance based on group policiesAdhere to standard methodology for calculation of provisions and bring improvements in process as requiredAd hoc business supportDeep dives into transactions and processes to identify issues and provide solutionsValidation of dashboards and reportsProvide guidance to markets relating to standard processes and methodologies in areas related to costing and inventory valuation

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