Chief Cost Strategist

6 days ago

Kolhapur, India beBeeCostExpert Full time

Costing Expertise for Global ManufacturersAbout the RoleWe are seeking a highly skilled Cost Analyst to join our team. As a key member of our finance department, you will be responsible for providing expert costing advice to our global manufacturing operations.As a Cost Analyst, your primary focus will be on transitioning BU-level costing activities to our centralised CoE. You will work closely with our markets teams to ensure that product costing activities are performed accurately and efficiently within our ERP system (SAP).You will also be responsible for establishing processes for analysis of variances (Price & Factory) and providing business insights to reduce variances compared to established standards. Additionally, you will provide support and guidance for inventory valuation, including calculation of capitalized variances and stock provisions.To succeed in this role, you will need excellent analytical and problem-solving skills, as well as strong communication and interpersonal skills. You will work independently or as part of a team environment, with multiple priorities and deadlines.Key ResponsibilitiesIndependently handle entire product costing activities on SAP.Regular review of materials that are pending for cost release and liaise with markets for timely update of standard costs.End-to-end support for the release of standard costs following established group methodology for standard cost calculation.Conduct reviews to ensure the accuracy of the standard costs.Review and validate master data components that have an impact on product costing such as Bill of Materials, Routings, Costing Lot Size, and Procurement Keys.Operational AnalysisAnalyse procurement transactions and identify the cause for price variance.Review exceptions and abnormal variances and liaise with markets to take corrective action.Factory variance analysis and consolidation.Develop reports that provide insights into price and factory variances.Month Close ActivitiesReview of gross stocks and reports that provide the value of gross stock based on group accounting policy.Calculate variance to be calculated based on group policies.Adherence to standard methodology for calculation of provisions and bring improvements in process as required.Ad hoc Business SupportDeep dives into transactions and processes to identify issues that may be present and provide solutions for such issues.Validation of dashboards and reports.Provide guidance to markets relating to standard processes and methodologies in areas related to costing and inventory valuation.,

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