SAP FICO Consultant – Product Costing

COMPANY SNAPSHOT

Jindal Steel Limited is an industrial powerhouse with a dominant presence in the steel, mining, and infrastructure sectors. With an investment of USD 12 billion globally, the company continually enhances its capacity utilization and efficiency, driving towards a self-reliant India.

Jindal Steel produces economical and efficient steel and power through backward and forward integration. The company's product portfolio spans across the steel value chain from widest flat products to a whole range of long products and rails. Jindal Steel exports its diversified product portfolio to 22+ countries.

Website - Home | Jindal Steel

JSP CORE VALUES

• Extreme Ownership - Demonstrate complete ownership of the company's results, whether it is part of our job description or not
• Better Than Before - Never satisfied with the status quo, and always pushing for greater results
• Respect for People - People are our most valuable asset, and we treat them accordingly
• Sustainability - Act in the long-term interest of our company and the environment

JSP BEHAVIOURAL ATTRIBUTES

Humility

Humility is having a learner mind-set and should be in a constant state of learning

Should be willing to learn and acknowledge what is not known

Should be able to self-assess and understand his/her strengths and weaknesses and lean on support or be courageous to provide support, as and when needed

Hunger

Should be driven and ambitious for growth and be greatly self-motivated to look for more

Should be seeking additional responsibilities and increasing their professional capabilities and should be ready to go beyond and above, because of not being asked to do but being motivated to, by the challenges

Speed in Execution

Should be swift in effective decision-making

Should be prompt to gather input smartly to assess and make the required decision with consensus

Should be able to achieve goals without wasting too much time and resources

ABOUT THE ROLE

Role Designation: Deputy Manager

Department: Information Technology

Reports to: SAP FICO

Location: Raigarh, Chhattisgarh

Job Summary

We are seeking an experienced SAP FICO professional with strong expertise in Product Costing (Discrete, Process, or Repetitive Manufacturing). The ideal candidate will be responsible for configuring, supporting, and optimizing SAP Costing processes, ensuring accurate product cost estimates, cost of goods manufactured (COGM), cost of goods sold (COGS), and variance analysis in SAP S/4HANA (or ECC).

Key Responsibilities

• Design, configure, and implement SAP Product Costing solutions, including:
• Cost Center Accounting (CCA), Activity Types, Cost Element Accounting
• Product Cost Planning (PPC), Standard Cost Estimation, BOM & Routing integration
• Actual Costing / Material Ledger (ML)
• WIP, Variance Calculation, Settlement of Orders
• Collaborate with Manufacturing, Supply Chain, and Finance teams to gather requirements and design solutions aligned with business needs.
• Support monthly/quarterly closing activities related to product costing, inventory valuation, and variance analysis.
• Perform unit testing, integration testing, and support user acceptance testing (UAT).
• Provide end-user training and documentation on costing processes.
• Troubleshoot issues and provide production support for SAP costing-related processes.
• Ensure compliance with internal controls and accounting principles.

Required Skills & Qualifications

• Bachelor's degree in Finance, Accounting, Engineering, or related field.
• 5+ years of SAP FICO experience with strong focus on Product Costing.
• Hands-on experience with Standard Costing, Actual Costing, Material Ledger.
• Good understanding of integration with MM, PP, SD, and CO-PA.
• Strong knowledge of BOMs, Routings, and Work Centers for cost roll-ups.
• Experience in variance analysis, WIP, and settlement processes.
• Exposure to SAP S/4HANA Finance is a strong advantage.
• Excellent analytical, problem-solving, and communication skills.

Preferred Skills

• Experience in Make-to-Order (MTO) and Make-to-Stock (MTS) costing scenarios.
• Knowledge of Group Reporting, Margin Analysis (new CO-PA in S/4HANA).
• Experience in automation of costing processes or use of SAP Fiori apps.
• SAP Certification in FICO or Management Accounting.