ESAB | Costing Analyst | india

2 weeks ago


india ESAB Full time

Key Responsibilities:

Cost Analysis and Forecasting:

  • Review analysis and data collection on material, labor, and overhead costs for all major GCE locations. Support unit analysis and collection if necessary.
  • Evaluate production processes and identify inefficiencies impacting cost.
  • Review monthly manufacturing costs forecasts for units are in line with reality, planned actions and supporting long-term objectives and targets.

Budgeting and Standard Cost Review

  • Collaborate with finance and production teams to review budgets and standard costs setting for all key manufacturing locations. If necessary, support budgets preparation.
  • Ensure manufacturing costs targets are reflected in budget.
  • Monitor cost variances and recommend corrective actions.

Reporting:

  • Generate detailed reports on manufacturing costs, variances, and trends.
  • Present cost analysis findings to management to inform strategic decisions.

Process Improvement:

  • Identify cost-saving opportunities in production and supply chain processes.
  • Propose and implement solutions to reduce waste and optimize resources.
  • Support standard costing systems and processes within the organization.
  • Ensure compliance with financial policies.
  • Ensure manufacturing costs setting, collection and analysis is documented and used by entity controllers even if various information systems are used.

Cross-Functional Collaboration:

  • Work closely with operations, finance, and procurement teams to align cost management strategies.
  • Provide insights during new product development or process changes.
  • Work closely with IT specialists

System and Tools Management:

  • Use ERP systems, costing tools, and other financial software for data management and analysis.
  • Maintain accurate cost data in the system for real-time decision-making.


Qualifications and Skills:

Educational Background:

  • Bachelor’s degree in Finance, Accounting, Business Administration, Industrial Engineering, or a related field.

Master’s degree or professional certifications (e.g., CIMA, CMA ICWA)

Experience:

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

Technical Skills:

  • Proficiency in financial modeling and cost accounting principles.
  • Experience with ERP systems (e.g., SAP, Oracle) and advanced Excel skills.

Analytical Abilities:

  • Strong analytical mindset with attention to detail.
  • Ability to interpret data and provide actionable insights.

Soft Skills:

  • Effective communication and presentation skills.
  • Strong organizational and time management abilities.
  • Problem-solving mindset and a proactive approach.

Language Proficiency:

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


Work Environment:

  • Office-based with occasional travel to manufacturing sites.
  • Interaction with cross-functional teams in diverse cultural settings.
  • Fast-paced environment requiring adaptability and multitasking.


Key Performance Indicators (KPIs):

  • Accuracy of cost reports and variance analysis.
  • Identified and implemented cost-saving initiatives.
  • Timeliness and quality of budgeting and forecasting processes.
  • Effective collaboration with cross-functional teams.


Additional Notes:

  • Candidates must demonstrate a solid understanding of manufacturing processes and financial principles.
  • Familiarity with sustainable manufacturing practices and cost implications of environmental regulations is desirable.



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