Costing Specialist

4 days ago


Chennai, Tamil Nadu, India ESAB Full time

ESAB is seeking a highly skilled Costing Analyst to join our team. This role will be responsible for reviewing analysis and data collection on material, labor, and overhead costs for all major GCE locations. The successful candidate will also evaluate production processes and identify inefficiencies impacting cost.

Budgeting and Standard Cost Review

The ideal candidate will collaborate with finance and production teams to review budgets and standard costs setting for all key manufacturing locations. They will ensure manufacturing costs targets are reflected in budget and monitor cost variances recommending corrective actions.

Reporting

This role will involve generating detailed reports on manufacturing costs, variances, and trends. The successful candidate will present cost analysis findings to management to inform strategic decisions.

Process Improvement

The Costing Analyst will identify cost-saving opportunities in production and supply chain processes. They will propose and implement solutions to reduce waste and optimize resources.

Cross-Functional Collaboration

The successful candidate will work closely with operations, finance, and procurement teams to align cost management strategies. They will provide insights during new product development or process changes.

System and Tools Management

This role requires proficiency in financial modeling and cost accounting principles. The ideal candidate will have experience with ERP systems (e.g., SAP, Oracle) and advanced Excel skills.

Qualifications and Skills

The successful candidate will possess a Bachelor's degree in Finance, Accounting, Business Administration, Industrial Engineering, or a related field. A Master's degree or professional certifications (e.g., CIMA, CMA ICWA) would be advantageous.

Experience

Proven experience in cost analysis, manufacturing finance, or a related role in the manufacturing industry is essential. Familiarity with manufacturing practices in at least 2 industries or regions is desirable.

Technical Skills

The ideal candidate will have strong analytical mindset with attention to detail. They will be able to interpret data and provide actionable insights.

Soft Skills

This role requires effective communication and presentation skills. Strong organizational and time management abilities are essential. A problem-solving mindset and proactive approach are also required.

Language Proficiency

Fluency in English is essential. Proficiency in other European languages is a plus.

Work Environment

The successful candidate will work in an office-based environment with occasional travel to manufacturing sites. Interaction with cross-functional teams in diverse cultural settings is expected.

Key Performance Indicators (KPIs)

The ideal candidate will be measured on accuracy of cost reports and variance analysis. Identified and implemented cost-saving initiatives will also be evaluated.

Estimated salary: $65,000 - $85,000 per year.


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