Steel Plant Financial Operations Director

1 week ago

Jamshedpur, Jharkhand, India beBeeCosting Full time ₹ 5,00,000 - ₹ 8,00,000
Job Overview

We are seeking a seasoned Costing Manager to oversee the financial management of our steel plant.


Responsibilities
  • Lead plant accounting, budgetary control, MIS, sales accounting, and commercial functions.
  • Manage employee-related accounts, statutory compliance, and insurance matters.
  • Prepare annual budgets and outlook financials.
  • Oversee the reconciliation and ageing of stock, debtors, and creditors.
  • Maintain the fixed asset register and calculate depreciation.
  • Handle excise, TDS matters, and the consolidation of final accounts.

Costing & Product Analysis
  • Develop estimated cost sheets for marketing.
  • Prepare actual cost statements for WIP and finished goods.
  • Perform stock valuation for WIP and finished goods.
  • Manage product costing and BOM finalization on a monthly basis.
  • Conduct material consumption reconciliation and cost vs. standard cost analysis.
  • Perform monthly analysis of material yield and variances.

Inventory Management
  • Conduct ABC analysis and evaluate non/slow-moving, excess, and obsolete inventory.
  • Monitor physical stock verification (1st of every month).
  • Value monthly inventory (FG/SFG/WIP) for balance sheet.
  • Prepare inventory obsolescence reports and working capital requirement.
  • Implement inventory control measures and optimize reorder levels.

SAP – Monthly Closing & MIS
  • Execute month-end SAP activities:
  • WIP calculation.
  • Variance calculation.
  • Production and maintenance order settlement.
  • Activity rate calculation and upload.
  • Assessment cycle run.
  • Material master updates.
  • Prepare monthly MIS and financial reports.
  • Perform variance analysis (budgeted vs actual EBIDTA).
  • Monitor and report input-output ratio, material reconciliation.
  • Track under- or over-absorption of conversion costs.

Strategic Planning & Budgeting
  • Forecast material requirements and total inventory.
  • Prepare plant's annual business plan and monthly budgets.
  • Analyze KPIs and variances for strategic decision-making.
  • Monitor budget vs actual conversion costs, including variable costs.

Audit & Compliance
  • Coordinate cost, tax, internal, and IGAAP audits.
  • Ensure compliance with financial regulations and statutory audits.

Computer Skills
  • SAP HANA (FICO module), SAP R/3.
  • Working knowledge of MM and Costing modules.
  • MS Office (Excel, Word, PowerPoint).
  • Oracle, SOX implementation exposure.

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